How government debt defaults are conducted?

MikeDirnt78 (30-12-2011) wrote:

[link]
Re: Sovereign debt question on 'yields'
Here is my possible explanation in layman terms.
Greece is technically bankrupt at the moment. The market is anticipating a default in the capital repayment for the bond which expires in 2 years. So everyone is selling short dated bonds thus driving yields higher.
In 15 years time, do you think greece will remain a bankrupt? They probably have improved their financial status.

Do governments intend to repay their debt obligations?

Majestic12 (30-12-2011) wrote:

Re: Invest in Gold
The chink in the armour here is that you assume governments intend to repay their debt obligations.

Maybe not hyperinflation but inflation certainly.

Shiny Things(19-12-2011) wrote:

Re:Invest in Gold
Oh god, a conspiracy theorist.
Look, I'll spell it out for you. The big banks are NOT selling gold to "artificially depress the market". They are NOT "short gold". The Fed is the world's biggest owner of gold; they have no reason to want the price lower either. I could link here to an excellent piece on the hyperinflation myth by Cullen Roche but I don't think you'd read it because it doesn't support your wacky conspiracy theory. So here's the scoop.

'Mormons' vs. 'Mammon': different words altogether.

sunzoner wrote:

cancer81(19-12-2011, 03:35 PM) wrote:

Re: ST: North Korea's Kim Jong Il dies: State TV
and??
look I am not disagreeing with your points....
the POINT IS, that picture is not even credited as REAL in the first place... (afaik)
you are free to call him anything you want.
The BBC never did what you did and they have never been kind in their assessment of him...

PLEASE call the counselor ASAP.

xubstitute(20Dec2011) wrote:

required a loan of 5k
i had lost this sum of money through gambling. previously owed my parents about 10k and under pressured to repay the debts so i gave a try again. the "want to kill back" attitude has gotten me into deep trouble. and i would not want to strain the relationship with them even further. i required a loan to be paid over 3 years. any kind soul with help or advice/counseling would be appreciated.

Cheaper, Better, Faster - MrBrown Show Production

blade1982 wrote:

Re: Are governments of today like irresponsible parents- selling their kids to the slavery of debt?
SG has been accumulating wealth from the budget surplus from previous years. We exercise prudent in spending, and save for our rainy days.

Are bankers damned?

koxinga wrote:

Re: Are governments of today like irresponsible parents- selling their kids to the slavery of debt?
Debt in itself is not necessarily evil; it is a integral component of the economy and financing.

It's just like a credit card. Use it responsibly and it can be a useful tool. Abuse it like the Euro-PIGS and you get Greece. Perhaps for politicians there, they got tempted to use credit as a political tool. Everyone want to look generous!

Are governments of today like irresponsible parents- selling their kids to the slavery of debt?

Are governments of today like irresponsible parents- selling their kids to the slavery of debt?.. by borrowing the necessities of the next generation to spend on the frivolities of today?

Gahmen says $10 is "subsidised" so no problems rah.

cherry6 wrote:

How come compulsory IC registration must pay $10? If it is a process made compulsory by the state then shouldn't it be free (aka sponsored by the state)- would it be that if one told ICA that one didn't have $10 to spare then one wouldn't be required to register/ re-register his IC?...

Quote:

Building a strong and cohesive society at ease with itself

torchbearer wrote:

Who decides what theory is right or wrong? It can be proven by practice over a period of time. i.e: Some opined communism failed - and cited USSR as an example.

I think that in the study of any political system, one needs to delve into the details:
"communism failed" is true insofar as the communist revolutionaries were in the first place corrupt insofar as they had neither the ability nor the moral conviction to sustain nor mandate for their proposal of extreme equality: most were dictators wannabes using glib language and saccharine promise that they failed to fulfill without the organisation of capitalist productivity. But China (a self proclaimed communist country) is now outwitting the US in its own Capitalist economy by also endorsing capitalist productivity, although I do think that both Chinese and American economies would eventually breakdown (as predicted by Marx) due to Capitalist interest hijacking democratic right, resulting in an economy characterized by spiritual sterility and gross social inequality.

How PAP uses taxpayer-funded grassroots for political gain

koxinga wrote:

Re: How about a fee to see your own MP?
Really? Clear instructions? Next thing we know, how much it is going to cost to print those instructions.

How about a fee to see your own MP?

cscs3 wrote:

Re: How come compulsory IC registration must pay $10? otherwise fine $5000, jail 5 years?
Early days yes. Until so many lost their IC and ask for replacement.
When you get something free. You never try to take care of them.

Re: Woman sues developer after she falls at show flat

Negligence [wiki]
The legal burden of proving these elements falls upon the plaintiff. The elements in determining the liability for negligence are:

• The plaintiff was owed a Duty of care
• There was a Dereliction or breach of that duty
• The tortfeasor Directly caused the injury.
• The plaintiff suffered Damage as a result of that breach
• The damage was not too remote; there was proximate cause.

Madam Tan Ah Lai vs Keppel Land (Mayfair)

Quote:

Originally Posted by BicCherry The Straits Times; Published on Nov 8, 2011 Woman sues developer after she falls at show flat... http://www.straitstimes.com/Breaking...ry_731614.html

Pict: LHL: "Why pay must go up:"

Why pay must go up: [pict]

Pict: "Stop Talking politics".

[9/2010/CNA] Goh CT: We are fine so long as there is nett happiness?

Goh CT: We are fine so long as there is nett happiness?
 Ooh.. on the slippery slope of oligarchy where we must believe everything our politicians say ...the mrbrown show: net happiness [link]

Are NUS lecturers like Wall St bankers who spend all their time thinking about making more money?

Some good comments from same TODAYonline site [link]:

Let us not die in in the midst of an unpaid debt to our nation's descendents.

Originally Posted by kingrant

Re: Banks should be careful when granting credit to these greedy old Singaporeans.
If banks like maybank doesnt want the business of people like Mr koh, then he shld take his business elsewhere and the bank doesnt deserve his custom. It will be the bank's loss.
Not everyone who uses a credit card is going to max out his card limit and run into debts. Retired seniors can be, and I believe are mostly responsible people who are probably more savvy than the younger set.

Re: Thanks to GIC investment, UBS and friends entertain themselves at Singaporean's expense.

3 quick objections in succession I see...

Quote:

Originally Posted by specialk78 erm but all these were already booked prior to the discovery..furthermore they r a sponsor of the F1 too...if they dont entertain their top pte banking clients it would be worst...they will prob take the chance to assure their top clients that e bank is still intact & not gonna collapes & do other service recovery..

Re: GIC is sitting on a substantial loss close to US$7.4 billion on its UBS stake

Quote:

Originally Posted by terkan The problem with GIC and Temasek is that they are run by politicians who are misfits in the financial world because of their mindset. First thing politicians do is to push the blame away. Second thing is that they hide everything good or bad. In investment, objectivity is key. If you make a mistake, it is ok since there are risks involved in any investment. We must not hide the mistake and therefore take no action in case we are found out.

I find Ang Mo Kio Town Council 100% liable for the damages caused by falling rotten tree.

I find Ang Mo Kio Town Council 100% liable for the damages caused by falling rotten tree.

Thanks to GIC investment, UBS and friends entertain themselves at Singaporean's expense.

Source: 'For UBS, austerity hard to balance at Singapore F1 race': [Reuters, 22Sept2011]

Is Dr Tony Tan principally responsible for GIC's S$10 billion UBS investment loss (paper) this year?

Is Dr Tony Tan principally responsible for GIC's S$10 billion UBS investment loss (paper) this year?

Re: GIC is sitting on a substantial loss close to US$7.4 billion on its UBS stake

Quote:

Originally Posted by RedDotter1 Eh, didn't you know it's more strange why counting witnesses are asked to appear at the counting centre only and not all the way from voting stations to counting centers. On route switched boxes also dunno. You watch Magic's Greatest Tricks revealed right? Ask around and a lot of pp tells me they didn't vote for TT le..

Re: Since when buy/ sell property must pay GST?

Quote:

Originally Posted by leechron (10-09-2011, 10:19 AM) Simple rule : For all residental property no GST, apart from that all need GST.

My pt is simply:
Goods and Services Tax (GST) as the name goes should primarily be classified as a consumption tax.

PM Lee: I am the government.

PM Lee (implied): "Citizens are like civil servants, they serve the government under "non-political" PAP-PA MP/ MP-wannabe advisers to grassroots."

PM Lee (implied): "_ __ the government"

Does SG Govt waste public time, money on dirty tricks trying sullying the name of opposition MPs?

Statutory boards attempt land grab at opposition constituencies [link][STpict] to dispossess opposition MP run town councils of properties.
Waste public monies and parliamentary time on fragmented, inefficient or even absent ground maintenance programmes and the resultant agitation of opposition parliamentarians to complain due to PAP conspiracies to sully the reputation of opposition run town councils (through the deliberate absence of ground ownership demarcations through the deliberate grab and then neglect of land in opposition constituencies).

Since when buy/ sell property must pay GST?

B.C. thinks that very soon, those who want to withdraw their bank monies/ CPF/ claim insurance monies would soon have to pay GST on the amount claimed/ withdrawn.
It seems that SG govt intends to impose GST tax on 'capital' from now on?

Re: Indian FT Doctor escaped Jail for Molest!

Quote:

Originally Posted by JUSTSPOREAN Aiyah - that's bad. Giving the wrong signal that S$$$ can solve problems. I say - give him the ROTAN!!! Don't 'spare the ROD and spoil the CHILD/MAN !!!!!'

When driving /riding along the expressway, pls look out for drunk jay walkers trying to cross the road.

A DRUNK jaywalker who caused a fatal five-vehicle collision on an expressway was jailed for four weeks yesterday.

The marketing of politics is a dirty business

InPhinity wrote:

Sauce: Todayonline

PA: the Propaganda Agency of the PAP?

PA: the Propaganda Agency of the PAP?

MediShield burden: Add no-claims discounts and Remove age limits.

Ministers are rewarded with bonuses for 'performing well', shouldn't MediShield holders too, be rewarded for staying fit and well (i.e. not making any insurance claims during a specified period)?
e.g. max 50% rebate for the duration that NO CLAIM against medishield is made- to encourage persons to Either: stay fit and healthy OR buy alternative insurance policies so as NOT to claim against MediShield, (or BOTH).

Poor Sandwich class (cyclists).

Quote:

Originally Posted by Small Fly Re: In an orderly country, pedestrians keep left so that cyclist(s) can overtake right. Funny thing in Singapore... pedestrian point at cyclists just like cars pointing at cyclists... but cyclists very righteously recite and claim their unpaid "rights" to the use of road and footpath.... so no wonder not so many people pity those cyclists who disabled, handicapped and died on the roads....

In an orderly country, pedestrians keep left so that cyclist(s) can overtake right.

But cyclist should of course tinkle their bell when they overtake from behind.

SG govt wants to boost 'efficiency', perhaps the best way forward is for pedestrians and cyclists to share footpaths in an organized and systematic manner.
Likewise for road use, slowest vehicles usually keep to the left [all in the context of a Right hand drive country (Commonwealth) I mean].

Does the Casino act fail to give enough information to game patrons/ Singaporeans?

According to the Casino Control Act, Cap 33A [link]
PART VI (CASINO OPERATIONS) [link]: > Division 2 (Gaming measures): >Assistance to patrons
106. —(1) A casino operator shall —

What IMH study is Mr Magnus citing?

Re: 'IRs here have not created more gambling addicts: CRA'
What IMH study is Mr Magnus citing?
Searching for studies containing word 'gam' at the IMH research website:
Only one article since 2008 is found published at 'IMHresearch': http://www.imhresearch.com.sg/pub_2010_.aspx shows up: 

Re: 'Do we need the IRs?': To: 'to B.C.' (Updated 02:41 PM August 01, 2011)

Re: 'Do we need the IRs?'
To: 'to B.C.' (Updated 02:41 PM August 01, 2011): "publishing the odds will not deter gamblers unfortunately"

Pls tell casinos to publish CLEARLY the odds of winning according to the following categories:

Re: 'Do we need the IRs?'

Pls tell casinos to publish CLEARLY the odds of winning according to the following categories:
Odds of:

Re: Why Fined for parking in HDB Carpark?

Quote:

Originally Posted by preciousthot I am most unhappy and I just need to share my woes. I just went to the Toa Payoh HDB Hub...it was around 8.30pm when I arrived. The carpark for "normal people" like myself were full but there was quite a number of red (reserved) lots....As I need to go to the OCBC ATM there for a transaction I parked in one of the red lots....And obviously I got a parking ticket...fined for $50.

Re: [Counting agent me]: A conundrum of spoilt votes

Re: [Counting agent me]
One way out of this conundrum is perhaps for a pile of 'uncertain votes' (2 way contest) to be separated into a fourth pile: the first 3 being: one pile each for each party, 1 pile for obviously spoilt votes (blank sheets, major illegible scribblings across page, has the word 'SPOILT-VOTE' written by voter on it). The former 3 categories should be easily determined by the vote counters themselves- the counting agents (from each party) having the right perhaps to single out votes sorted that they don't agree with into the 4th pile- 'ambiguous' (via the table chief of course).