Money printing

[bic_cherry]

Thanks for the information.
One thought came in is that the supply of money M1, M2 and M3 has increased tremendously, it seems to be reflected in with the increased cost of housing and cost of living in Singapore.
Problem is, the average person pay has not kept up. Not including, the M......'s pay.

That is why there is probably need for rethink of rules governing the banking system which I think is a big problem... SGD is printed to keep sgd-usd exchange rates stable- USA prints USD so SG prints SGD to keep exchange rates stable(make exports more competitive) and USA defends its printing by saying that inflation is not serious problem... but I u'stand that firstly inflation can be fudged- who is to know if the price of hamburger used this year is the same type of hambergur used the next year so the prices are cpmparable- so inflation can be more severe than the govt claims it to be.

I also understand that the amt of $ USD used to bail out banks in Lehmann days was around USD~5trillion or more in USA alone, total the world and the amt is much more... Reason need to bail out is because banks can use peoples savings $ (collected by retail arm in HDB headlands) and chamnneled to bank's investment arm to invest in derivative finance instruments and god knows what- make$= bankers get fat bonus, lose $ like Citibank/ AIG in USA and USA govt has to bail bank out cos otherwise ah gong and ah Mah, life savings is gone, and that is why us citizens all upset w govt for not policing the banks better.... But nothing has changed and even pm Lee is on the side of using sg reserves to bail out banks... http://sammyboy.com/showthread.php?...ingapore-is-PM-Lee-is-sleeping-with-the-enemy

As for housing, HDB will just make more pigeon holes till SG population hits 9million, then PAP leaders today will prob retire, maybe buy some nice island... I dunno,but for average guy, life will remain tough / no better than what it is today.

Ps: M..... = "Minister", just say, no need to shy... Minister of Law says say what u want to say, just prove it can already:

 

[Hans168]

In sg it was Thomas de la Rue which use to operate out of a factory in Tuas but now packed up!!!!!!!!!!!!!!

 

[Dark Knight]

i noticed all developed nations are trying to devalue their currencies except China, China should devalue cos' it's export dependent but it's doing the opposite. sinkie land should up our currency cos' we are financial hub not manufacturing plant for the world. moreover, chionging in china will be cheaper for us...:p

typical scenario in a china KTV: "小红，好浓的奶香味呀。。。"


guess what is it talking about?

haha...lol...:p

Sinkie land cannot "keep upping" our currency too high as it will be bad for our export.
But Sillypore will eventually no longer be a conducive environment for an export economy.
We are now moving to sustain our economy thru consumption.

 

[Peiweh]

say wat u will.I working in us 2 year already and can say Singapore is con job to the people.here politician earn 1\10 of our govt. u see people here smile happy.cost of food house car make you green with envy. u won't believe. now Boss ask wan extend 2 years more.of course extend.come back SG for what?

 

[jw5]

say wat u will.I working in us 2 year already and can say Singapore is con job to the people.here politician earn 1\10 of our govt. u see people here smile happy.cost of food house car make you green with envy. u won't believe. now Boss ask wan extend 2 years more.of course extend.come back SG for what?

Would have thought that working in US for 2 years would have helped you to improve your written English. Haizzzz................... :o

 

[neddy]

Would have thought that working in US for 2 years would have helped you to improve your written English. Haizzzz................... :o

Not really. I know a 65yo American Chinese who cannot speak a word of English and spend his whole life in Chinatown.

 

[neddy]

[SUP][/SUP]

When we say the Fed Reserve 'prints' money, we mean it controls the issuance of all new USD currency, i.e. increasing money supply. In Singapore that comes .

What is the interest rates in Singapore?

 

[jw5]

Not really. I know a 65yo American Chinese who cannot speak a word of English and spend his whole life in Chinatown.

OIC, Peiweh didn't say that he was working in Chinatown for the past 2 years................................. :o

 

[CereusGraphics]

well, I too believe that the banking and other rules need to be re-framed. There are too many problems inflation being the major one and it needs to be solved.