MOF now then come out and say wat it does with our CPF money

[god_zeus]

seem like a bit late

they should have 'clarify' this a long time agothey invest CPF monies in govt securities , then take the money to GIC
in this way , it dont seem like they take from CPF


http://www.tremeritus.com/2014/05/31/mof-official-reply-on-cpf-monies-its-interest-rates/

 

[Seee3]

"There is no link between CPF interest rates, and the returns earned by GIC, as the CPF monies are invested entirely in risk-free assets."

This statement extracted from the article raise doubt on its credibility. Tried very hard to come up with an asset that is risk-free. Still couldn't think of one.

 

[sochi2014]

What about Ten Man Sick?

MANNA FROM HEAVEN?

 

[halsey02]

"There is no link between CPF interest rates, and the returns earned by GIC, as the CPF monies are invested entirely in risk-free assets."

This statement extracted from the article raise doubt on its credibility. Tried very hard to come up with an asset that is risk-free. Still couldn't think of one.

SINgaporean's CFP is an asset is risk free, you do not know?? For SINgaporean's 'donate' their savings through working their ASSES off so that the can use that risk-free ASSESt...ha ha ha

MOF-GIC-Temasek...all private limited companies?? they are not related?? no?

 

[sochi2014]

And why is our public debt is so high even after accounted for CPF?

 

[halsey02]

What about Ten Man Sick?

MANNA FROM HEAVEN?

Hallelujah!...Manna!!...they every morning, just gather that Manna!!....like their boss....they eat mee siam without 'HUM"...think that we all are "HUM KAR LING"....ha ha ha ha

 

[god_zeus]

I think the scam is this...if I undertand it correctly
1. take your CPF
2. create a campany (SSGS) (same like CHCwhich created a company to move funds)
3. move the CPF to SSGS
4. SSGS move money to GIC -
5. GIC use SSGS money which was formerly CPF money

so now can they argue that they din use your CPF money

so TEmasick if need money
just borrow from GIC lor

----
if like that I prefer they use CPF money direct to GIC
and if GIC earn 100%
they must pay us 99% profit..
1 % to pay the fund manager

What about Ten Man Sick?

MANNA FROM HEAVEN?

 

[Hans168]

MOF lends money to Ho Jinx so that she can gamble awaym ie buy high, sell low...
Tharman or Hu cannot sayno!!

 

[halsey02]

MOF lends money to Ho Jinx so that she can gamble awaym ie buy high, sell low...
Tharman or Hu cannot sayno!!

Where did MoF get their money from?? other than Taxes?? donation?? in that case they should come under Comm Of Charities...ha ha ha , for we have donated to MoF too... ha ha ha