Sinkies Die Road 1 Way liao ... you need fight Import Talent plus AI for a job at lowest salary to feed self & family ... voted to go hell siah

[k1976]

RBNZ seen resuming rate cuts as focus shifts to wilting economy​

The central bank has said that it expects US tariffs to damp both growth and inflation in New Zealand, primarily because they should curb global demand for the nation’s goods



WELLINGTON] New Zealand’s central bank is expected to cut interest rates this week, resuming its easing cycle after a pause in July as the economy shows signs of stalling.

The Reserve Bank of New Zealand’s (RBNZ) Monetary Policy Committee will lower the Official Cash Rate (OCR) by 25 basis points to 3 per cent on Wednesday (Aug 20) in Wellington, according to 22 of 23 economists surveyed by Bloomberg. One predicts no change. A cut would take the benchmark to a three-year low.

The RBNZ kept rates on hold last month to assess an uptick in inflation, but policymakers are expected to shift their focus to weakening economic growth. New Zealand consumers are losing confidence as unemployment rises and the housing market remains soft, while businesses are wary amid global trade tensions caused by US tariffs.

 

[k1976]

Banks vs stablecoins: who’s safer?​

A recent report by the Bank for International Settlements on the future of payment systems mounts a strong critique of stablecoins, arguing that they are inferior to bank deposits because they fail to preserve the “singleness of money”.
Singleness of money means that a one-dollar claim is always valued at one dollar.

Stablecoins, by contrast, trade in markets, and their price can deviate from par — sometimes above, sometimes below. Pegs have been lost during episodes of cryptocurrency turmoil, and different stablecoins can trade at different prices at the same time, complicating exchanges and undermining payment certainty. To some, these variations recall the discounted banknotes of the US free banking era.

Banks are not immune to poor or opaque backing, as many crises have shown.

Bank deposits today do not have a market price: by convention, a one-dollar deposit at any insured bank is treated as worth one dollar everywhere in the payment system. But this is a legal and institutional convention, not an immutable truth. The bankruptcy of Silicon Valley Bank showed that, absent intervention, some deposits would have been worth less than one dollar on the dollar. In that case, the systemic risk exception was invoked — guaranteeing all deposits, insured and uninsured — to prevent losses and contain contagion.

The key challenge in maintaining these promises — for both stablecoins and banks — lies in the backing of the liabilities they issue. Banks are not immune to poor or opaque backing, as many crises have shown. Their cash and reserves are small relative to their total deposits, reflecting their leverage in creating more profitable but riskier loans. The fragility of traditional banks lies in their dual role: providing liquid deposits while extending credit to the economy.

 

[k1976]

The GENIUS Act and narrow stablecoins​

The recently enacted GENIUS Act in the US Congress — which endorses the potential for innovation in payment systems via synthetic dollars operating on blockchain — represents a clear break from the traditional combination of credit provision and liquidity issuance. It supports a framework resembling narrow banking applied to stablecoins.

US President Donald Trump holds the signed GENIUS Act, which will develop regulatory framework for stablecoin cryptocurrencies and expand oversight of the industry, at the White House in Washington, DC, US, on 18 July 2025. (Annabelle Gordon/Reuters)

In this “narrow stablecoin” model, issuers under US jurisdiction may invest only in short-term, high-quality assets such as cash, demand deposits, Treasury bills with maturities no longer than 93 days, and fully collateralised repo and reverse repo transactions.

Unless full cash backing is imposed, this is one of the strongest asset-backing requirements to minimise runs and liquidity crises — vulnerabilities from which traditional banks, again, are not immune.

If successful in shifting payment activity away from the standard banking sector, a narrow stablecoin system could achieve the separation, long advocated by Milton Friedman, between the markets for money and for credit. This would reduce the need for central bank lender-of-last-resort interventions and diminish the risks of financial dominance

 

[eatshitndie]

in sg, cumstomer-facing jobs still need chiobus offering longkang and pussies to secure insurance policies, property sales, service contracts, etc. plus all the ktv, hfj, spa jobs. and of course, jobs at hawker centers, food courts, kopitiam, cafes, eateries, restaurants.

 

[mojito]

Sinki Final Solution is to move to a better place?

The vaxx that ends all vaxx.

 

[birdie69]

AI only replaces Singaporean jobs.

Why do I say this ? Cause no foreigners will be retrenched in Singapore

AI is paving the path for bringing more CECA Indians to Sindiapore to create for jobs for sinkies to become food delivery, grab driver, cleaners and security guards

 

[True Believer]

Sinki Final Solution is to move to a better place?

Overall suicide numbers in SG may fluctuate, but the data from the Samaritans of S'pore and IMH show a significant increase in suicides and attempts among those aged 10-19. A recent study found that adolescent suicide rates in SG almost doubled between 2019 and 2021. Our young see a bleak future in the most expensive city in the world where foreigners are treated better than citizens born here.

 

[NanoSpeed]

in sg, cumstomer-facing jobs still need chiobus offering longkang and pussies to secure insurance policies, property sales, service contracts, etc. plus all the ktv, hfj, spa jobs. and of course, jobs at hawker centers, food courts, kopitiam, cafes, eateries, restaurants.

The niche market is lonely landladies which AI cannot replace.

 

[Geneco]

Overall suicide numbers in SG may fluctuate, but the data from the Samaritans of S'pore and IMH show a significant increase in suicides and attempts among those aged 10-19. A recent study found that adolescent suicide rates in SG almost doubled between 2019 and 2021. Our young see a bleak future in the most expensive city in the world where foreigners are treated better than citizens born here.

Need some advice ijjit never update latest mRNA jabs that's why lololololol

 

[eatshitndie]

The niche market is lonely landladies which AI cannot replace.

there was a lonely lady who was seduced by lao ai. she was the milf or mother of qin shihuang.

 

[NanoSpeed]

there was a lonely lady who was seduced by lao ai. she was the milf or mother of qin shihuang.

You could be the reincarnation of 嫪毐