IMF tells Singapore government to steal less money from ordinary citizens.

Basics:
- Every country govt prints money, its just a matter of more or less. All things being equal (productivity and consumption of each country being balanced, exchange rates should be constant if ALL countries print $$$ at the same rate.
- Though not commonly mentioned, such printing of $$$ is actually some form oftheft since more circulating dollars means less buying power per dollar- an erosion of the hard earned savings of the average man.
- Chief printers of $$$ in this world are USA, China and Japan, everyone follows, that is why the M1 money supply (and other wider measures of $ (M2, M3 etc) is increasing annually too).

[Prepared?]Tsunami of immigrants from Europe/ USA immigrants to SE Asia? But are Singaporeans prepared?

Today, there is alleged inflation due to capital outflows from USA(FED) Japan due to their aggressive Quantitative Easing (QE) aka print $$$ policies. Today these large countries export $$$ into Asia, tomorrow (or has it started?) they will export immigrants in large numbers... perhaps the PAP is now building more HDB flats in preparation for their arrival... whatever the case, vegetables at NTUC will no longer cost the same as they cost now...

CPF-OA should relax 10% limit for investment in gold ETF/bullion/ UOB etc

"The survey's composite five-year-expectation is 4.97 per cent - just below the 5.2 per cent predicted in the survey in September. "(see report: 'Singapore's inflation may remain elevated for years to come: survey')
S$100K in CPF OA @int.2.5%, inflation 5%(proj): value @ end of 5 years??...
S$100,000, net interest over 5 yrs (CPF OA 2.5%interest, 5% annual loss to inflation= nett -2.5% interest):
S$100K *0.975 *0.975 *0.975 *0.975 *0.975= $88,110 (i.e. loss of nett S$11,890) to inflation due to the SG govt printing extra SGD [see: Money printing (/borrowing) by Singapore government- how much is too much? ].

Live Documentary: Fiscal Abyss of the 21st century, thanks to unfettered welfare liberal democracy.

Haagen Diaz wrote:

Thread topic: Money printing (/borrowing) by Singapore government- how much is too much?
TS, where do you get the knowledge on this? Just from MAS website? I'm damn interested to know more. Thanks. I prefer to read a book in order to get the whole picture.

Money printing (/borrowing) by Singapore government- how much is too much?

Briefly, M1= printed SGD in circulation + some more, M3= quasi money= everything including government bonds (treasuries) etc (people will pay U money for these at whatever is market rate(much is sold to CPF so Temasek & GIC can invest the CPF monies etc) but too big to use at super-mart).

Why CPI might fail to capture the true rate of Inflation in Singapore.

GamerSg wrote:

Discussion thread: '30K Investment'
I cannot predict what MAS will do this year or tomorrow.
Maybe it will do the "right thing" and stop printing and inflation maybe go to 0%, or maybe it will jump down the cliff with Abe and friends.
But the M1 and gold price are clear that in the past 12 years, SGD has had a net inflation of 400%. Also note that there are years where MAS kept the money supply relatively constant. Your actual experienced price rise in food may be around 200%-300% due to mitigation by increased food production/efficiency. Property OTOH may have increased more than money supply due to government policy of allowing large influx of foreign labour and restrained housing supply.
I use gold/silver as a barometer because its supply is relatively fixed in the world, unlike housing where more can always be built or food which is consumable and can be affected by weather, increased production.
I don't know what DBU is either [bold font added]

'10year swap spread' means what?

"With the persistence of Europe's sovereign-debt crisis, safe-haven effects have driven the yield of 10-year US Treasury bonds to their lowest level in 60 years, while the 10-year swap spread - gap between a fixed-rate and a floating-rate payment stream - is negative, implying a real loss for investors." Source: 'The real interest rate risk' [TODAY, 10Jan2013] by Zhang Monan (a fellow at the China Information Center and China Foundation for International Studies, and researcher at China Macroeconomic Research Platform.)

When the banks fail, everyone else will follow....

rebeccasu4 wrote:

Thread: Future World in 2030?
Hmm I dont think hyperinflation would be an issue in singapore in 2030. Yes inflation is on the rise and will continue to be. But hyperinflation is one of the most extreme forms of inflation and I think the government would be able to control it.
An issue in 2030 could be outflux of talent. If singaporeans dont feel a strong enough sense of belonging and ownership to the country and the grass gets greener on the other side.
Robots seem to far a stretch too i feel?
What do the rest of you think?

2011: CPF gave net negative interest on OA, SA savings.

cherry6 wrote:

Now on 'live'....

Financial literacy for the new economy- what everyone should know.

bloodsucker(10Nov2012) wrote:

Re thread: noob need helpAgree with your views about how it doesn't cover inflation even if it breaks even. The effect of deduction is simply too high for most regular premium ILPs.

How the CDO Monster almost swallowed America and the virtue of gold.

Originally Posted by g3abc (17Oct2012)

Re Thread: Bank failure in Singapore- is PM Lee is sleeping with the enemy?
Which Bank is stronger - CIMB or Maybank ?
Thanks

According to PM Lee, since it is unknown how many banks intermix the funds in low risk fixed deposit and ordinary savings accounts with funds used in leveraged operations of their investment banking arms (to get high returns and bonuses that follow)- there is a tendency for banks to create bubbles in various parts of the economy that which will burst from time to time (e.g. the sub-prime crisis (Lehman 2008-9) was caused by the demand by investment banks for high interest paying investment vehicles called CDOs which some investment banks created and sold whilst many hedge funds and other investments banks traded and owned)- unfortunately the immense complexity of the product allowed too many loopholes in valuation resulting in industry wide delusion that CDOs were actually viable investment vehicles (even the respective rating agencies- Fitch, S&P, Moody's were totally fooled).

Government of Singapore: a sponsor of banker's prodigious greed?

Dividends Wizard (17Oct2012) wrote:

Re Thread: Bank failure in Singapore; the SDIC national solution?
what are you smoking ?
don't take so much drugs .
__________________
Sharing my Dividend Portfolio at :Dividends Wizard
I get S$1,000+/month in Dividends , so can You !

???management fees for SPDR GLD ETF

wira wrote:

Hi
Am looking to trade GLD ETF. can advise if there are management fees for this ETF and how does this gets charged to investors ?

America vs China; C81, why do you pray for war?

cancer81 wrote:

Thread source: 'Rating downgrade - beginning of the end, hyperinflation next'
fiscal prudence for the american administration?
not doing quantitative easing?
raising funds by actually raising taxes and collecting revenue?
promises are almost "meant" to be broken.
anihow, even the MOST conservative would not think up a plan like that. They would rather attempt to sanction other nations in a bid to bring back American Jobs for the American People.

Singapore a republic or Singapore Inc.?

- The rough edges of capitalism need to be smoothened

Quote:

Originally Posted by sock_min Source Thread: [ST forum]: CPF min sum amount vs Inflation: the 3 letters thus far What does CPF have in relation to a shiny head children in Zimbawe??? I doubt even USA fed chairman can influence CPF.

Economics and the future of humanity, what can we expect?

cancer81 wrote:

Source Thread: 'Rating downgrade - beginning of the end, hyperinflation next'
how about some comments from you instead? to kick this off?
hey ForeverAlone!!
this guy!! this is the guy, you need to talk to!!

A bribe can buy you the status of being number one.

Oh No Yeah (08-04-2012) wrote:

Thread topic: Is it possible for singapore to reinvent its future?
I don't think Singapore will become the greatest tourist attraction in near future. Look at China, Malaysia...etc.
Singapore almost became a parrot in almost everything quick fixes like casinos...etc. Tourists come and stay only for two or three days to tour around, that's it!
Another thing is, if foreign labourers/talents decide to stop coming here to work, then it is doomed for singapore.

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.

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?