4/25/2014

The AEC or Asean musical chair

When the Asean Economic Community comes into effect it will turn the employment scene in Asean into a game of musical chairs. So far we have been assured by ministers in Parliament that there will be no free flow of professionals to work in any Asean country. If that is the case then the musical chair game may not work. If it is in the same nature as that of CECA with India, then this game will be played ten times more vigorously.
 

All the PMEs and workers would want to find a job in Sin City. With the relative high pay and excellent currency exchange rates, it is a sure win situation for every Asean country workers to get a job here. So when the music is played, all will be rushing for the Singapore chairs. When the music stops, every Singapore chair will probably have ten players sitting on it. The rest of the chairs would likely to be vacant waiting for takers.
 

And who will be left standing? The Sinkies of course, and it is unlikely for them to take up the empty chairs in the other Asean countries. The music can be repeated over and over again and the end result will be the same, Sinkies will be left standing and with many chairs from the Asean countries not taken.
 

Don’t ask me why it will end up this way, but this is how the game of musical chairs will be played. Sinkies’ idea of putting a piece of tissue paper to chope their chairs would be greatly disappointed. The foreigners would not play the same rule. They would throw away the tissue papers.

Kopi Level - Yellow

24 comments:

Anonymous said...

"The Sinkies of course, and it is unlikely for them to take up the empty chairs in the other Asean countries."
RB

Tiok.

Sinkies are not even ready to occupy the chair PAP is sitting now and in their own country, let alone empty chairs in the other Asean countries.

And for this alone Sinkies deserved to be left standing. And stand long long.

Tio bo, u say lah?

Anonymous said...

VTO in GE 2016.
Let's all get a taste of dragon soup.

"老鼠哲学" in Action? said...

Rb: // All the PMEs and workers would want to find a job in Sin City. With the relative high pay and excellent currency exchange rates, it is a sure win situation for every Asean country workers to get a job here. //


Rb, can "The Rat Philosophy" ( 老鼠哲学 ) be applied here and sinkieland would likely be one BIG, PLENTIFUL GRAIN SILO?

In no time would the " new arrivals ", having willingly cozy up to the equally willing " grain silo masters " would be Fat, Wealthy, Assertive, even becoming more Influential and Powerful than the original residents?

Rb, what say yew

Chua Chin Leng aka redbean said...

When Li Si joined Qin as a silo rat, he was more like alone. Vulnerable. When the silo rats came in hordes and be more than the locals, they would simply chase the locals away into the drains to be longkang rats.

The foreign silo rats will triumph and take over everything, simply because the local rats are simply too daft and complacent.

Adopt "老虎哲学"? said...

Rb: // When Li Si joined Qin as a silo rat, he was more like alone. Vulnerable. When the silo rats came in hordes and be more than the locals, they would simply chase the locals away into the drains to be longkang rats. //


But Li Si's "The Rat Philosophy" ( 老鼠哲学 ) in the end lost to the chief eunuch Zhao Gao ( 赵高 ) "Tiger Philosophy" ( 老虎哲学 ).

In the end, Li Si was executed by the Second Qin Emperor at the behest of the chief eunuch Zhao Gao, who by then has ousted Li Si and became the Premier himself under the Second Qin Emperor.

So should sinkies try adopt the "老虎哲学" to safeguard their future, rice bowl, well being etc ....... ?

Kopi-Or, Kopi-Or, 喝一杯浓浓的Kopi-Or ........ said...

Rb:// Kopi Level - Yellow //

Hi Rb,

Yesterday why kopi yellow?

Mid week, low traffic?

Hope yr creative juice strong despite anemic kopi supply .......

Cheers :)

马上咖啡 ( instant kopi ) otw ......

Anonymous said...

Does this sound like the way PAP treats Singaporeans?

QUOTE:
"Well consider that in the history of many worlds there have always been disposable creatures. They do the dirty work. They do the work that no one else wants to do because its too difficult or too hazardous. And an army of Datas ... all disposable. You don't have to think about their welfare, you don't have to think about how they feel. Whole generations of disposable people."

SOURCE:
http://www.youtube.com/watch?v=0f0hns2AVW0

Matilah_Singapura said...

Government officials and similarly related blowhards can talk all they want, or craft any policy they think will make them "look good", but at the end of the day it is the owners of CAPITAL who'll get their way. If they don't, the owners of capital will take their capital and fly away to places where they can use their assets to make money.

When the capitalists and their money take flight, the cuntrees which experience the capital flight begin to collapse economically and all sorts of social problems and civil unrest arise.

I prefer the "golden goose" (金蛋的鹅)philosophy. Singapore runs on this philosophy because to the world it is a one of the top places to park your capital and have it make even more money for you, which you can spend on having fun with fast cars and hot gals who like having fun. Fast cars make gals pussies wet.

Got capital?

Chua Chin Leng aka redbean said...

Ya, yesterday's kopi level unusually low for a week day. Starting to improve a bit.

As for capital flight, if we continue to build a first world city with first world convenience, the capital will keep flowing.

Capital will flow out when we turn our first world city back to a third world city.

Those capitalist are having it so good here and they can't anywhere comparable for the time being. Where else can they live high and well, splash their wealth in comfort and safety without being mugged or robbed?

这是那门投资x-see-pert-tease? Any taker? Rb, yew want take up //golden goose (金蛋的鹅)philosophy//? said...

// I prefer the "golden goose" (金蛋的鹅)philosophy. Singapore runs on this philosophy because to the world it is a one of the top places to park your capital and have it make even more money for you,//


But the "golden goose" cannot be hatching bigger and more golden eggs all the time. The capitalist market, if YEW haven't noticed since 1776 when Adam Smith wrote his magnum opus " An Inquiry into the Nature and Causes of The Wealth of Nations ", works in Business Cycle not unlike wave curves in trigonometrical functions such as sine, cosine, tangent, cosecant, secant, cotangent.

In Jean Baptiste Say's Law, "supply creates its own demand". But it has proven that it works only in an up cycle, not in a down cycle, slow down or recession. The Great Depression in the late 20s and early 30s and the Great Recession in 2009 has empirically proven beyond doubt that Keynesian demand management theory functions much better in a down cycle as every G spent is greater than every c(T) reduced in the multiplier given c is the MPC or the marginal propensity to consume. The excess demand in the goods market caused by expansionary FP causes the economy to achieve a higher equilibrium in the economy leading to a higher national output. This in turn causes the money market to be in disequilibrium and the IS curve shifts rightwards due to higher demand for liquidity.

In YEWR present "golden goose" market, property prices in several under construction condos have declined by between about 15 to 20% from their peak in mid to late 2012. That is a lost of up to $200,000 per $1 million invested in less than 2 years and not including the ABSD, BSD paid in the initial purchase. Likely it is still heading south and the losses likely is going to be higher at the end of the cycle before the next up trend, at least on paper.

This implies the hard earned 40% mandatory downpayment for most new condos paid by buyers which amounts to several hundred thousands even for entry level mass market segment would be "wiped out" on paper.

Now how is that going to be investment smart for YEWR definition of capitalists?

Capital flight or capital inflow, how much, when ...... ? Where is YEWR evidence and data basis anyway?

"Golden GOOSE" philosophy?

Where is YEWR //金蛋的鹅// or rather 鹅的金蛋?

Now it is more like dumping hard earned gold bars into an "unknown deep hole" ......

So how is YEWR ///"golden goose" (金蛋的鹅)philosophy/// going to work from 2012, 2013, 2014 and dunno how long more?

Still waiting for goose to lay golden eggs?

Capitalists are not immortals. Long starved to death lo!

Anonymous said...


just heard from radio that the
pte property sales drop gain....

some experts predicted pte property prices likely to drop by
20% to 30% in coming yrs when
there will be huge supply of
completed units and rising
interest rates....

Sinkieland problems created by Goh Chok Tong or Present Leaders? said...

@12.51 pm: // just heard from radio that the
pte property sales drop gain....

some experts predicted pte property prices likely to drop by
20% to 30% in coming yrs when
there will be huge supply of
completed units and rising
interest rates....//


But Mati啦 @ 11.17am says he // prefer the "golden goose" (金蛋的鹅)philosophy // and // .......... park your capital and have it make even more money for you //

So with property prices dropping, YEW tell me make money or not?

Going by Mati啦 //"golden goose" (金蛋的鹅)philosophy// and financial advice, should make MORE money cos laying GOLDEN EGGS.


YEW believe Mati啦?

Which goose now has golden eggs? Yew tell me lar? Except mb casinomics and geylanomics? But then these 2 are massive families breaking, suicides inducing, bankruptcy causing vices. First world economy making money from world's oldest professions and vices? What have Goh Chok Tong been doing between 1990 to 2004 until the economy so jiatlat need resort to casinomics and gelanomics to keep the errrrr ...... "hard truth going" or the "hard truth keep the country going"?

Wei! Goh Chok Tong? What happen to your First Class Economics degree? Why economic policies so jiatlat during your watch but price increase YEW lumber 1? Think COE introduction in 1990, Asset Enhancement between 1991 to 1997, ministerial salary bench marking private sector top earners? Why YEW intoduce all these but economy head south from 1997 to 2004 till YEW hand over? Why? Why no long term economic policies in place? Why successor need to immediately resort to gambling to JUMPSTART the economy? To large extent, GOH CHOK TONG, the dilemma sinkieland is in now can be traced back to the period 1990-2004 under yewr watch. This is a rather dismal record given the strong and solid foundation the late former DPMs Goh Keng Swee and Toh Chin Chye handed over to yew. Yew may have squandered a life time of efforts by the PG generation but reaped most if not all the fruits, leaving SHITS for the 3G and future generation to clean up. Yew and every of yewr 2G cohort ought to bear responsibility and give explanation for the ills now surfacing up in sinkieland. What was yewr record? TFR what happened? Goal 2010 what happened? All burst? But yew opened the dam and floodgate? On the nett nett, given what sinkies have trusted yew and tax payers had paid yew and yewr many happily retired, semi-retired and redeployed cohorts, all of yew may have been hugely underachieved and over paid.

In a way, all the problems now surfacing and going to surface down the road have been laid on the shoulders of the 3rd G and down the road 4G leaders shoulders and Yew and Yewr cohort are happily and quietly enjoying yewr golden years away wheareas the current and future generations have to pay the price?

Historically, it ought to be put on RECORD!!

Matilah_Singapura said...

@ Tiger-Rat Philosophy 1214:

At the end of the day the theories of Hayek, Friedman, Smith and Baptiste are all just guides. A true capitalist is only interested in "The Game" which is primarily restricted to only a few questions:

1. Are yew making money with your capital? Cash flow, specifically FREE cash flow -- those are the eggs the golden goose shits out from its ass (aka cloaca -- ass hole, piss hole, fuck hole and egg hole -- multifunction and multitasking hole)

2. Is yewr capital increasing in value?

3. Is the growth of your profits also growing your ROI (Return on Investment -- which is "how fast your money is being paid back to yew")

4. Are yew enjoying your life? No point working like a coolie to amass as much dough when yew cannot enjoy yewr wealth.

In Singapore, the answer is generally yes, to all the above: make money, have a fantastic time.

Anything else is just hot air of fuckers arguing about this and that "philosophy". Me? I like action and evidence.

If yew are not making money and having a grand time, yew are not in the game.

True, nothing lasts forever. So the smart play is to make as much of the present, exploit to the max and profit so you have plenty of "reserve" for "bad times" which is actually the right time for you to buy under-valued and unloved assets.

So I ask again?

Got capital?

Matilah_Singapura said...

@139:

>> YEW believe Mati啦?

No No, please dun believe me. Go out and make some money...a lot of money...like so many people in this great cuntry.

Then talk. This is Singapore, no money, no talk.

OK?

Property sales falling ==> GOOD lah. When prices really start coming down it will be once again a good time to buy.

True capitalists are EXPLOITERS. We exploit every situation for the purpose of PROFIT -- which is not easy to get. Many times you will lose money. Making money is HARD.

We dun worry about suicides or whether people are happy or sad -- that is THEIR BUSINESS. This is Singapore. you die -- your fucking business. ;-)

Mati喇drop BIG names but no substance? Hot air? Who arhhhhhh ...... ? said...

// In Singapore, the answer is generally yes, to all the above: make money, have a fantastic time. //


Can YEW answer YEWR own question first?

Yew make the above claim and Yew said this, that all hot air except what YEW spew out from err ..... yewr //multitasking hole//?

Can YEW substantiate YEWR above claim?

That is the foremost question.

GOT EMPIRICAL DATA?

Anonymous said...

Matilah reads a lot and will quote a lot. He will forever be a student of this masters. He will never surpass them if all he knows is quoting them.

Matilah_Singapura said...

@205:

>> GOT EMPIRICAL DATA?

OF course. You know how to use internet or not?

You want data, you go and look lah. I already have data. But I won't be using it to back up my opinion because I dun care if yew or anyone agree with me or accept my claims. I said many times before -- I dun write "truth". I write my own BIASED opinion.

So if you want to prove whatever it is you want to prove, then go ahead -- do all your fancy macro shit, be the next Lord John Maynard Keynes ;-)

Me? I'm a micro guy -- dun give a shit about GDP, or PPP or Gini coefficient. What for? I'm not writing policy, why should I care about macro? That's for academics and hedge fund fuckers. I'm just a small time opportunist and profiteer.

So, got capital or not, and are you in or out of "The Game"?

Matilah_Singapura said...

@250:

>>

Matilah reads a lot and will quote a lot.


Please lah. Yew are grossing overestimating my ability.

Where got time to read? My mind is filled with sex all the time lah.

Mati垃头脑进水? said...

3.20 pm // You want data, you go and look lah. //


Ha ha ha

Mati垃, Yew的头脑进水?

Yew made wild claims than the other party substantiate for Yew?

Got more DAFT suggestion

Tea Break Kopi O Time. Relax. Have A Break. said...

Rb 11.33am :// Ya, yesterday's kopi level unusually low for a week day. Starting to improve a bit.//


Rb, how is kopi level?

Still yellow?

Yew want traditional kaya toast bread set? Teh si siu dai?

Chua Chin Leng aka redbean said...

Yes, kopi level green now. Many thanks. It would be good if it comes with kaya toast : )

NS FOR SINKIES, LUXURIES FOR FTs? said...

Rb : // Yes, kopi level green now. Many thanks. It would be good if it comes with kaya toast : ) //


Hope yew enjoyed the kopi today :)

Gg training/ service next few weeks.

Buy yew more kopi and of course kaya toast mb at bayfront link when bk in jun.

Cheers :)

Happy blogging and commenting to yew guys.

Will miss MSN for the next few weeks.

b said...

"every Singapore chair will probably have ten players sitting on it."

In other words, do not become a PMEs here. Try to be an opportunist/ exploiter/ capitalists etc.

Chua Chin Leng aka redbean said...

Thanks anon 6:24. I think yesterday's kopi got enough for a kaya toast.

Anyway, you or anyone hereis welcome for real kopi at Raffles Place or MBFC anytime. Just let me know.