Protection against QE3
The printing of the greenbacks continues unabated. More American dollars will be flying all over the world and definitely some will land here, to gobble up some of our choice properties. Actually it is like exchanging banana currency for our real assets. It is not surprising that many of our good quality properties would be exchanged for going to be worthless paper currency called the greenbacks or the American dollar.
What is the govt going to do about this development? The Americans could just keep printing and buy up everything here. And it is not just the greenbacks as the dollar is linked to many other currencies and all will be bloated.
One thing the govt can do is also to print money Sinkie dollars to buy up more valued assets overseas, not junk stocks or bankrupt companies. And this could spare the need to fall back on the savings in the CPF. Just print like the Americans do. They buy up our island, we buy up the American continent.