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Actually Greenies is not wrong if we are talking about the CPF stat board, not Singapore govt as a whole. It's indeed worrying after what we saw in Detroit. Well, at least, CPF is a retirement plan for citizens paid for by citizens while Detroit has a retirement plan for public officials paid for by city funds.
I confess that I have taken the whole jar of toothpicks from Resort World Sentosa, they are still in my drawers in my office, i like their look, well designed & good to us...what IF I have taken the jar also?
I confess that I have taken the whole jar of toothpicks from Resort World Sentosa, they are still in my drawers in my office, i like their look, well designed & good to us...what IF I have taken the jar also?
I beg your pardon!
It is about our CPF.
There is no phrase saying the country goes bankrupt though it really happened in Greece.
In fact, if it happened, Gov. is not obviously affected.
They just print more paper money. or get loan at very high premium (rating "Junk").
Our life would be very miserable.
Very scary event if it really turns out to be.
Gov. Sould have at least table-top exercise to anticipate the cruel event, and come out with emergency response plan.
This is unlikely but certainly not impossible. Moreover, there is Murphy's Law: "Anything that can happen will happen, it is only a matter of when not if."