MAS Record Loss! - An explanation

[Spock]

I do believe housing as a component of CPI and even property tax are computed on a rental value basis. Property price is a separate thing. For example, you bought a property at $500k. It appreciated to $1m 5 years later. That's not inflation for you, that's asset price appreciation for you. You've already owned it at $500k. If you missed buying it 5 years ago at $500k, you have to pay $1m for it if you want it now. That's also not inflation. That's still asset price appreciation except you're on the wrong side of it. If you count this as inflation, car prices and share prices would also have to be counted. CPI would be gyrating in 20 to 30% band annually.

Your logic only applies if you own at least part of the land that your building sits on. For most HDB-pigeonhole owners, there is this so called "asset appreciation" because the bloody government has been linking their prices to private property. The cycle then goes on as the HDB prices in turn prop up the private property prices. The government is the biggest beneficiary of this policy. It is now a tiger that they cannot dismount from. That is why they have to keep selling the koyok that HDB prices are affordable to keep the peasants pacified. Just for this policy alone, if the peasants ever realise the truth, every single PAP member would be dragged away and hanged by the mob.

 

[Einfield]

There's a reason why there are so many General Ministers.
When shit hits the fan, guns will turn against any citizen mob and old fart will personally give the orders to shoot in the name of maintaining law and order.

Mass import of FT will also quickly lower the chances of local mob uprising.

The ruling elites are buying time and try to twist and turn their way out, base on the last election, they can carry on to win another 2-3 more elections but beyond that, it's a blank.

Why the 300 Billion war chest we have in the reserve are not use to better improve the lives of Singaporean? LKY knows very well that in the event of gov change, this amount will have to be handed over to the new gov.

I'm very sure he already plan that way ahead, that is why he continue to pump in more billions, knowing that complex financial instruments are in place to make sure the money won't flow to any alternative gov.

It may even be use as his own Party's war chest to "rescue" Singapore from a "Freak election result"

Just for this policy alone, if the peasants ever realise the truth, every single PAP member would be dragged away and hanged by the mob.