Inflation can kill an economy- i.e. Zimbabwe.

peterchan75 (30-Mar-2012) wrote:

Thread topic: Dear Mr Bernanke: Justice rather than diluting currency is the solution unemployment in any economy.
PIGS issue bond in euro. Kept issuing new bond to pay mature bond + interest. In the end, the bond becomes too big and their GDP couldn't support it. IF the PIGS have their own currency and issue bond in their currency, they would just print and pay back the bond albeit inflation.

Re: "PIGS..allow unmarried children to claim parents' pension."

peterchan75 (29-Mar-2012) wrote:

Thread topic: Dear Mr Bernanke: Justice rather than diluting currency is the solution unemployment in any economy.
Greece, Portugal, Ireland and Spain all have one thing in common, inability to print money. If these PIGS can print, print too much = Zimbabwe, and they would keep thier spending in check. Now, they just spend too much and expect others to pay for it. One of these PIGS has a unique programme that allow unmarried children to claim parents' pension. How nice ?
Now you know why the Brits still cling on to the Sterling ? They have the option print if they want to.

Does Mr Lui Tuck Yew think that he can amend the law to suit his convenience as MOT?

Mandatory Give Way to Buses Scheme

Does Mr Lui Tuck Yew think that he can really amend the law to suit his convenience as Minister of Transport?

[Source: OneMotoring: 'Mandatory Give Way to Buses Scheme'']

And God allows the mentally ill to be happy too (if they could find the faith to believe that is).

Hi watisit, thanks for your lengthy reply although I mightn't answer everything here for brevity sake. U may however insists where need be. You have pre-empted intended edits to my previous post so I shall clarify here. For the avoidance of doubt, the definitions of 'religion' and 'mental-illness' are listed in my first post in this thread at [link] which the reader is well advised to peruse prior.
[bold emphasis applied in quoted text is mine]

Quote:

Originally Posted by watisit (26Mar2012) Thread topic: Is religion a mental illness?

Is religion a mental illness?: This is an unfair comparison.

A well written and original post, my answer to it is as follows below.

Quote:

Originally Posted by crimsontactics (25-02-2012, 09:49 PM) Topic: Is religion a mental illness? Firstly, just a short disclaimer. I'm not trying to insult or degrade any specific racial or religious group or religion as a whole. Just as it's their rights to believe in and promote their chosen divine entitles or beliefs, I feel that it's my rights to be able to believe in my own opinions and to at least share my views. I'm Catholic btw, although I'm starting to doubt my own faith.

Is Singapore too 'advanced' (GDP too high) for a minimum wage law?

Me thinks that Singapore is too developed for the imposition of min wage laws.

U cannot deny it, the Singapore economy on steroids.
In 'Foreign worker levies to increase, says MOM' [CNA; 21Feb2011]: "There are nearly 1.1 million foreigners employed in Singapore as at end-2010. ... 871,000 work permit holders "

Maids, unless necessary, should be an appropriately priced luxury.

Quote:

Originally Posted by hfourhappy (22Mar2012) Topic: The rich want cheap maids, cheap FT so NO to minimum wage rule in Singapore? I dont think hiring a hiring a miad is cheap in spore. Not all household can afford to hire a miad.

How long can SG insulate itself from US CPI inflation?

matchy (08Mar2012) wrote:

Re: [ST forum] Protect CPF savings from inflation
u mean u wan the govt to give a inflation-tagged yield?

Procter and Gamble, NTUC: How shameless can their marketing gimmicks get?

U buy $10 worth, we donate 0.6cents.
That's not even 1% of purchase value, not even 0.1% but 0.06% of the purchase price.

Honest government= no inflation (generally speaking that is).

[[ForeverAlone]](29Feb2012) wrote:

Topic: Inflation is Theft - Ed Griffin
Why do we rely on GDP as a measurement of economic growth, when it continues to go up while communities are deteriorating?