8/02/2017

Philip Ang – Beware Ponzi scheme may blow up soon

Philip Ang wrote a piece with figures to support to warn Singaporeans about the risk of the CPF Ponzi scheme blowing up. How reliable were the numbers he put up is debatable as what he could do was to extrapolate from the limited data available. The truth or data as to the financial health of the CPF money is not readily available. The soundness of the CPF savings is as good as the govt’s words, trust me, everything is professionally managed by the best managers money can buy, in good hands, and the money is safe. And it is secret. This is the most frightening part. When the data or truth cannot be told or concealed, should you be worried? Knowing how people like to parrot their achievements, and when there is no achievement to gloat about and no data to show, you better read between the lines and make your own conclusion.
 

The CPF is now like a secret maze, guarded with top secrecy and the public don’t really know what is going on except for some numbers put up occasionally. Is Philip’s concern valid, that this Ponzi scheme is about to blow up? If Philip is right, no Singaporean is spared and the consequences are grave. Imagine a whole life time of earnings of a few million people disappeared in thin air. Just hope Philip is wrong and everything is fine. Trust the govt that everything is fine.
 

There is another Ponzi that cannot escape the passage of time. This is the 99 year lease on HDB flats. Singaporeans are expected to celebrate SG100 in 2065, ie less than 50 years away. By then, many HDB flats would be at the end of their leases and many Singaporean HDB owners would see the value of their flats becoming zero. There is no way to cover up or avoid this rude awakening. The million dollar asset rich Singaporeans would turn penniless overnight comes SG100. Not only that, many would have to be evicted from their flats when the leases expired.
 

Still there is another immigration Ponzi scheme going on when more and more foreigners would have to be brought in to shore up the property market. The influx of more and more people cannot go on and on. It is unsustainable and must come to a halt. Then what? Another big bust.
 

With these 3 Ponzi schemes awaiting to explode, is the future really that comfortable, good and secure for Singaporeans?

62 comments:

Anonymous said...

Samuel Huntington already sneered at old fart and PAPigs in the 1990s ...?

Simply unsustainable JLB policy ...?

How can run marathon at 100m or 400m or 1500m pace ... and be sustainable ...?

All the growth etc are BS cos they ran the economy like running the marathon in the first few km at 100m, 400m, 1500m, 5000m pace ...?

Before reach half way mark of 42km marathon will PANG CHEK le

Quote RB:
"Still there is another immigration Ponzi scheme going on when more and more foreigners would have to be brought in to shore up the property market. The influx of more and more people cannot go on and on. It is unsustainable and must come to a halt. Then what? Another big bust. "

UNQUOTE

This is exactly running an economy like running a 42km-marathon at 100m, 400m, 1500m pace .....?

Can sustain or not, the economy?

Wooden block, botak 1st class honours in economics?

OMG ... (one gazillion face palms?)

More like "1st Class Honours in (UNSUSTAINABLE STERIOD-PUMP UP) economics?

Anonymous said...

Many companies in private sector dying le ...?

Many severe cashflow problems ...?

Month end many couldn't pay workers salaries ...?

Heard conversations from many workers & professionals & PMETs at coffee joints talking they not paid salaries on time or at all ...?

The beginning of the end (of old fart fark up legacy) phase II just began ...?

Popcorn popcorn .....

More popcorn ...

Watch show ...

Shiok

PAPigs crash on their faces for Donald Trump, Xi Jin Ping, Mahatir, .... etc etc to LTAO (laugh their asses off ...)

Anonymous said...

Uncle RB, gd moregum. The answer to ur questions is simple, jus ask Ah Long to stop working as Ponzi Action Pte ltd. Ah Long must be stopped or the lives of Local Sinkies will be at stake even if u cry like MP Lousis also no use...but then the oppo nobody wan to stand up & be the shadow G ..so Ah Long keep his job & ownself clear ownself la...

Anonymous said...

JLB botak-nomics

JLB chatao-nomics

JLB steriod-nomics

Lol .....

Lmao ...

Anonymous said...

Many companies in private sector dying le ...?

Many severe cashflow problems ...?

Month end many couldn't pay workers salaries ...?

Heard conversations from many workers & professionals & PMETs at coffee joints talking they not paid salaries on time or at all ...?

The beginning of the end (of old fart fark up legacy) phase II just began ...?

Popcorn popcorn .....

More popcorn ...

Watch show ...

Shiok

PAPigs crash on their faces for Donald Trump, Xi Jin Ping, Mahatir, .... etc etc to LTAO (laugh their asses off ...)

Anonymous said...

Actually now the JLB-nomics are all FOOTBALL-nomics ...?

Just kick the can like kicking the football as far away as possible ...?

Songkieland-nomics ... wan dan le ... good game (finished, game over, total crash) ...?

Anonymous said...

The reason we had such good growth rates compared to our neighbours in the past was because we had a quick headstart. Like a marathon, you start first, you are ahead, for a time, but eventually the better paced runners will catch up and overtake you. Now countries around us have well developed city centres, shopping complexes, ports and airports.

Now, what growth rate are we talking about now? The momentum has gone. Others are catching up. When making money was easy with high growth, talents will come to reap the harvest, but gone to greener pastures when opportunities beckon. Same with companies coming here for cheaper labour cost. No more.

Now, even our strategic location has been threatened. If they succeed with the alternative trade route, we are in for more trouble. All the retraining will only prepare those without jobs for lower jobs like looking for mosquitoes, pushing trollies, driving taxis (maybe if they become driverless, that is also a goner) etc. And they will tell you to take it or leave it.

What to do? Your CPF is untouchable. You eat some grass for food during those lean times until they decide to release a drop or two of your CPF money every month. Maybe some do not even live that long to enjoy that 'luxury' in retirement!

And the daft thinks that the good years will be here forever.

Keep dreaming!

Anonymous said...


worry not worry not

they are not ponzi schemes

but you must work hard to 3 Ms

without money, any good schemes will be ponzi schemes to you

no choice 70% already said OK-ed to PAP

no use to kpkb and kpkb and at the end only lan-lan

yes must 3Ms to survive here, a very crowded and very expensive tiny city state

this is Singapore and Singapore is like that lah..............

Anonymous said...

Do you think it's true?
By the time the Ponzi scheme blow up,
The million dollar salaried public servants would already emigrate with their million dollar savings.

True or not?
I dunno. You tell me lah.

Virgo49 said...

The froggies, especially the young were swimming happily in warm boiling water.

Wah, many had ten dollars coffee,
every year travel sales million of dollars sales. They can Liam Keng what restaurants they patronized and what foreign food in Sinkieland is good.

The oldies goes for the Michellin Tyres recommended foods.

Now, slowly day by day the temperature is rising in the broiling water.

Soon, it be too uncomfortable to even swim but has to abandon for survival.

Just desserts. You get the government you deserved.

When CSJ shouted at Lau Goh, where is the monies??

Many Dafts laughed at him saying he is mad. Now when they find the CPF's kosong, they will cry and go mad themselves.

Karma indeed. If only we have more Opposition MPs to ask them earlier Where is the Monies??

Citizens from full time life time jobs to Contract, Free lance and part time.

Now, they even have What's New Contract Agreement.

So Sinkies gonna be contract workers forever

Anonymous said...

No worries CPF blow up lah. If run out, Govt can always print more money to pay, that's why can guarantee pay!

eg post-Lehman, Fed Reserve expand its assets/liabilities balance sheet to increase the money supply. The only effect - a debasement of the currency, and unhappy foreign creditors . . .

Anonymous said...

Please don't spread fear here!

CPF.........kosong?

Sure or not?

Please don't spread fear here!

Can kena invited to lim kopi!

Be careful!

Haha!

Anonymous said...

Sinkies are dumb!!! Believe all the BS from PAPies and elites!! They have nobody to blame but themselves!!!

For me, I follow what the PAPies & elites DO, not what they say.

That's why I have 7 figures & growing in overseas war stocks, among others.

I don't worry about CPF or HDB, coz I can afford to write them off.

Anonymous said...


Congratulations!

Wah! 7 figures and still GROWing, really eat-cannot-finish!

What is your formula leh?

Can share share?

Anonymous said...

With these 3 Ponzi schemes awaiting to explode....
RB

So what are the symptoms or happenings in Sinkieland to indicate that the 3 Ponzi schemes have exploded?

Anonymous said...

Use new cpf investors money to pay old investors is the basic principle.

Cpf is loans to govt. The main borrower is govt. Cash should be used by hdb, GIC and others unknown. Govt changed the repayment rules to stop 100% withdrawal on citizens. Old investors want all money back. They are blocked.

PR old investors, however, can take back 100% from Cpf account. When Terrorists attack Sinkiesland on Marawi style: Indians PR Malaysian PR will want to take all cash out on the same day of their flights home.

Govt will have to pay while sinkieland citizens may have to stop getting cpf withdrawal. One known uncertainty is: CPF is used by GIC. GIC average returns is only 3.7%. The gut feeling is: put the money in banks is wiser. GIC has One known loss $4 billions on one batch of sold shares.

Players of shares would ask: why sell??? if loss is huge?? involved public funds??

The shares not giving dividends? GIC sold on huge loss means GIC needed the cash to pay loans. It could mean GIC borrowing capacity seemed limited.

When Cpf minimum sum raise again, it is clear that govt cut Cpf withdrawal. There is some signs the "ponzi" is running not so smoothly. Getting worst or getting better?

The more Employment passes given to foreigners especially under CECA, the more foreigners on jobs wanting Cpf will convert to PR. A similar group is Malaysian working here, they are default PR. These 2 groups on jobs and earn Cpf will be time bomb. They monthly remit billions dollars to home countries. When they leave in one week from sinkieland, the time bomb explodes.

When sinkieland is attacked, PR will draw out all CPF 100%. The cpf ponzi might collapse. This is the result of The population ponzi that citizens must bear the consequences. Many positions hold by these foreigners in Banks, Civil services, IT, are unmanned. Companies civil services are in disarray. The elites are on 380A to Wanderland. Ponzi explosion when it comes, cpf stops returning money, civil service, banks stop functioning. Wanta get cash? Vote for opposition should appear as a sensible option for the 60%.

Anonymous said...

Ask Abdullah Bockchinman Bin Tanah Rajah Ayer ...?

Anonymous said...

Why mrt keeps breaking down?

Why uncompleted viaduct collapse?

Why replace 10-storey with 50-storey flat?

By SG100, 50-storey to be replaced with 150-storey flat?

All oldies will be gone (by then) but their grandchildren born from SG20 onwards probably need to stay in 100 to 150 storeys pigeon holes in the air?

Many will be in their 80s, 70s ...?

Imagine lift breaks down or plunge from 100-storeys?

Virgo49 said...



Don't be shocked Dr Abdullah Bockchinaman Bin Tanah Ayer Rajah aka Sentosa Cove might be able to Sit for this PE election.

And then your answer to your CPF's questions might be answer.

Or it is not right for the public to know as they are top secrets.

Quote by minister in pmo office CCS.

The Dragon Fly said...

British prankster cons Anthony Scaramucci into seething argument with fake Reince Priebus

By Mikey Smith from The Mirror (UK)
23:41, 1 AUG 2017

A British prankster tricked Donald Trump’s head of communications into a blazing email argument just hours before he was sacked.

Targeting spin doctor Anthony Scaramucci, the anonymous joker posed as former White House chief of staff Reince Priebus.

Scaramucci hit headlines last week after branding Priebus a “f*****g paranoid schizophrenic.”

Apparently convinced he was corresponding with the real Priebus, Scaramucci said his former boss had been “hurtful.”

He wrote: “You know what you did. We all do. Even today. But rest assured we are prepared. A Man would apologise.”

The fake Priebus wrote back: “I can't believe you are questioning my ethics! The so called 'Mooch', who can't even manage his first week in the White House without leaving upset in his wake. I have nothing to apologize for."

Trump’s comms chief said Priebus should read more Shakespeare, particularly revenge play Othello.

The prankster, who has previously hoodwinked Bank of England chief Mark Carney and Labour MP Diane Abbott, boasted that the prank was “easy”.

Tweeting under the name @Sinon_Reborn, he describes himself as a “lazy anarchist”.
Former chief of staff Reince Priebus (Image: AFP)

The trickster said it was "worrying how easy it was to breach the security. “Imagine if I had more sinister intentions."

“I’m not some hacker sat at his computer at night — I’m just a guy who found an email address online and thought I’d have a laugh.”

During a string of attacks on White House staffers in recent days, he managed to convince the President’s son-in-law Jared Kushner he was Donald Trump Jr.

He also convinced Scaramucci he was Jon Huntsman Jr, Trump’s pick for Ambassador to Russia.

And he tricked Huntsman into believing he was talking to Eric Trump.

But an attempt to trick Eric Trump into believing he was corresponding with his older brother, Donald Jr, was unsuccessful. Trump replied saying he had sent the email on to law enforcement.


* Donald Trump claims 'great day in White House' after sacking Comms Director just 10 days into job.

Anonymous said...

So........what must we do now?

So........what must we do now?

Anyone?

The Dragon Fly said...

IF a young man can so easily tricked the Head of Communications of the US Presidency, why not a group of highly intelligent scholars, led by another highly intelligent boss trick the DAFT SINKIES with schemes after schemes?

Imagine if you have absolute powers in your hands, together with a sycophantic Admin Service, a subservient and obedient Civil Service, with all the organs of State under your beck and calling, together with the main propaganda machine called the "main stream media" under your cunningly-devised organisation called the SPH (stands for Suppression, Pretention and Hogwash), what can you do?

Must you need to be very capable to run the country at your whims and fancies? Must you need to have any wisdom at all? Isn't it a piece of cake?




Anonymous said...

So........what must we do now?
Anyone?
August 02, 2017 11:16 am

If you or anyone else really have to ask "what to do now?"
You are a slave who does not deserve to live under a democratic government.
Go live in North Korea.
They have many rules telling you what to do, e.g.
what to read,
how many children to have and
why a lease holder is the same as a property owner.

Anonymous said...

Being "conned" is not bad. It means the victim is not foolish. He falls into traps. He will know how to get back on track.

If a person did not know he was conned and he is powerful, then it is real bad consequence. Population ponzi was like someone truly believe, an economy can change blood by blood transfusion.

Get the above 45 to resign. Replace the jobs with CECA "masters" mumbai degree holders, plus those from Philippines will create a new economy. Export went down month after month for 4 to 5 years. Now GDP is 2% or below, using govt spending on road work, digging mrt to sustain the 2% growth. Plenty of condos empty, new shops empty. The population has increased 100% almost: 3 millions to close to 6 millions. Con artist cannot keep saying he is conned. He might have the belief his ponzi can work. Go ask Madoff managed to con USD65 billions.

Did Madoff think ponzi cannot work? Not possible. Madoff did not think his ponzi can be broken.

Remember there was con artist to ask people to donate money, more donation more money would drop from sky? It worked out so well for some time.

Wise voters should not vote for someone with wrong concepts in economic basis principles: ask foreigners to do the jobs and locals will get further jobs. Foreigners do basic jobs so that local can do further basic jobs? By adding population of low education, the consequences is enormous.

Sinkies should seek the path to let foreigners on PE and all PR to do NS taking over the army so that NS men citizens can get hired life long to compete with foreigners. This way can put Sinkies on almost equal terms against foreigners.

Sinkies should further seek to abolish CPF for PR so that PR will have to serve NS with no CPF 100% withdrawal. They should limit the number of PR and PE to less than 100000 in total. Only CEO and COO can take such PR and PE. The economy will be safe.

One Singaporean rob $1193 with arm at 48 year old. Can voters imagine how bad is the economy which the politicians claimed as "full employment".

Anonymous said...

HDB will have all ,owners, to top up the lease by another 99 years after the 1stt 99 years expires using their CPF, so noone will be withdrawing any CPF after buying the most expensive public housing and thereafter paying to topup fresh lease. So no worry about hdb or cpf failing, easy to get more moeny from daft singaporean

Anonymous said...


Uncle RB you have a lot of smart people commenting here!

Anonymous said...

So........what must we do now?
Anyone?
August 02, 2017 11:16 am

You are a slave.
Your children will learn to be a slave from you.
And so on, for at least the next 5 generations.

You won't know that you are a slave even if Emperor Lee slapped you in the face.

Anonymous said...

HDB owners who are 80, 90 or 100 years old still got money to top up HDB leases?

Anonymous said...

Hi anonymous 1250pm,

Love Yourself, Be Kind To Others.

Cheers.

The Dragon Fly said...

There are not only three Ponzi schemes. There are much more, e.g.

4. Foreign Talents/Workers Ponzi Scheme, whereby a levy of $750 (or more) per head, per month, for each foreigner employed, the G gets $750 x 12 months x 1 million (conservatively). That is a whooping $9,000,000,000 per year!

5. ERP Ponzi Scheme, whereby currently there are 80 gantry points. If each gantry collects $10,000 a day (very conservatively), the G has easy money of $10,000 x 80 x 294 days (minus Sundays and Public Holidays) = $230,520,000 per year!

6. COE Ponzi Scheme, whereby a piece of paper 'certificate' with a base price of only $1 becomes as much as $90,000, but currently averaging at $50,000, the G collects approximately $50,000 x 30,000 cars (conservatively) per month = $1,500,000,000 x 12 months = $18,000,000,000 per year.

7. Licensing Ponzi Schemes - Numerous occupations, professions, vocations, businesses, self-employed, agents, hawkers, etc have to obtain a license in order to operate LEEgally. On average, one license fee is at least $12 per year (at the lowest end). How many million licenses are there? Some people like me have at least 3 licenses.

8. Land Grabbing Ponzi Scheme - my father left me with three pieces of land, of between one acre to four acres - all taken by the G for $7,000, $12,000 and $45,000 in 1979 at 1973 rock bottom rate of 3 cents per square meter. The biggest piece of land at Bedok, HDB G build four Block 10-storey flats there. How much SLA and HDB profiteered? What about thousands of other people like me? How much this Ponzi Scheme brought to the coffers of the G?

9. More to come .....

Anonymous said...

P - ponzi
A - arrangement
P - party

P - ponzi
A - assembly
P - party

The above is entirely untrue.

Anonymous said...

11:56am
U are not living in North Korea before. You discredit them sounding shallow and naive.

North Korea tell you what to do what to read? You go there to live as foreigner, they will do this to you. You are their citizen, you work in their community cooperative. ie share a job and get paid. When you are old, you do not need to work but receive your salary.
Your water, electricity, housing rental are so low that outsiders want to have them.

Go to talk to China old folks. They are still receiving salary every month. Get free or so low medical treatment.

People like you deserved to be charged high on medical bills when you get old and sick. You keep hoping people to bow down to the pro foreigner policy to curb the salary at 20 year ago level.

Who will leave this place? You are likely. Citizens will not leave a country because they dislike politics. Foreigners living here will like to see citizens here leave this country so that they can eat free lunches without serving NS. Citizens will have to vote for opposition party to get rid of the pro foreigners Pap here. Watch the election in 2020.

Anonymous said...

'So, what must we do?'

There is nothing we can do. If you voted for opposition, you have done enough. If you voted for PAP, you deserve it.

As the late Mr Fish said, "I am fed up with being fed up"

I just hope the opposition parties let go and make it 100% PAP.

Then we can see how arrogant the 70% can still be.

patriot said...


Yes!
The Way and ONLY WAY yo go is to
GIVE PAP 100% Sin.

Vote Halimah for Sin President in the Coming
President Election.
AND
VOTE PAP IN ANY BY-ELECTIONS AND NEXT GENERAL ELECTION.

PAP Shall change Sin.


patriot

patriot said...


Yes!
The Way and ONLY WAY yo go is to
GIVE PAP 100% Sin.

Vote Halimah for Sin President in the Coming
President Election.
AND
VOTE PAP IN ANY BY-ELECTIONS AND NEXT GENERAL ELECTION.

PAP Shall change Sin.


patriot

Anonymous said...

2:22pm
Not vote which party lah. Vote which party that benefit your pocket, your children.

Pap brought in close to equal number foreigners 3 millions. Pap gave them jobs including managers and CEO of local state own companies. Mrt, stock exchange, banks, civil service.

U vote Pap, Pap will bring in more foreigners 4 millions, to work out the WHITE papers passed in Parliament: 7 millions population.
Your pocket will earn salary at level 20 years ago. U ask for raise, the boss will take in foreigner to replace u and lower salary.
You children will have lower starting salary, higher sales prices at BTO flats. Will they be better off with WHITE papers?

Voters will decide. U do not need a calculator to work out the decision in 2020GE.

Those loyal to one late old men would have gone or still voting for Pap like dumb dumb now. Those need to pay for bills and not dumb dumb will have to decide what is good for the pockets and children. Not difficult to do it for many voters.

Anonymous said...

4 millions foreigners 3 millions citizens will be good for Marawi kind of warfare. Citizens will suffer while foreigners siding with invaders. Do not expect neighboring countries will send troops into war zones to help citizens.

In 2020 GE be more self reliance in decision. Pap s plan is to have cheap managers at 20-30 years unchanged salaries while properties prices go up to help bosses making profits. Security will be main problem in future for citizens to live inside foreigner majority town, while having to enforce security during NS.

Anonymous said...

Very "lively" discussion aka debate 2deh ... especially abt Bin Tanah Rajah Ayer Ama Keng aka Corporation CleanNick aka chatao blossom R-Eye glassmade ...?

Anonymous said...

According to the chn zodiac geomancy, this year Aug is once in many centuries ...?

It also means sthg different will occur ...?

When it happens,yall will k what it is ...?

patriot said...


The Resident Economist and Geomancer here have said enough about the Failures of
Botaknomic,
Laogohnomic.

l shall add that we had also know the Failures of Kfc-nomic/Ex Finance/Education Minister before heading GIC and then President.
And
of course the Guy incharge of them fails big time.

Singapore is partly sold and more shall be sold as time goes.
Sinkies are already pawned and no redemption is in sight.

More aliens shall be invited to buy up Sin; 100 million dollars penthouses. Sinkies stand a good chance to work as security guard, gardener, cleaner and driver there, jobs created by foreigners.
Be grateful to the Rulers who bring in the Employers from abroad. Otherwise, Sinkies could be jobless and may have to be high class prostitutes abroad. The Days of Sinkies having to sell themselves may still be valid.

So, to cut it short, Sin must be sold to have new owner running the Show.

How Sinkies run road and how Sinkies deal with those who ran off shall be another issue.

lt is ONLY with a new boss; local or likely an alien, that things can or will change peacefully.

l foresee chaos, upheavel and even blood flow if change does not take place peacefully.

As it is, many things have gone awry. Crime will rise like gun cases in USA, suicide and homicide shall rise in tandem with costs of living.
As for structural breakdown and fault, those incharge are unlikely able to solve them. lf any can, the breakdowns, faults and lapses would NOT have happened again and again, in some cases; almost quite daily.

Have not read comments from Commenter b for sometimes.
Like his calls and suggestions for readers here to seek better pastures.
Living in Sin shall be very very challenging from now on.

The Pack of Sweet Talking Rulers have shown that they have very conscience left in them.


patriot

patriot said...


The Pack of Sweet Talking Rulers have shown that they have very LITTLE conscience left in them.
This Paragraph to amend the Conclusion in my aforesaid Comment.

My apology.


patriot

Anonymous said...

How To Destroy An Economy - India's New Tax System Is "Mind-Bogglingly Inane"

http://www.zerohedge.com/news/2017-08-01/how-destroy-economy-indias-new-tax-system-mind-bogglingly-inane
-----------------------------

Do you think the Indian talents and Indian companies should be grateful for being allowed into Singapore?

Who is creating good jobs for Indians?
PAP or India or PAP voters?

Anonymous said...

5:55pm

Go to US and tell the American especially black the same "calls and suggestions for readers here (them there) to seek better pastures", see what you will get? Better pray you can survive home.

Foreigners and pap IB like to do this as if they are the contributors to this land. Citizens here have their own ideas. Far more polite to these people. These people really thought they could rule this place by chasing the rightful owners away.

Citizens should fight back. Not only push these people out, but also vote the Pap out as the latter shamelessly paid for IB to do discrediting jobs for them. Often these IB ended up cultivating more anti Pap voters. One famous one had a name something like Kevin. See how many did he convert into Pap camp. This guy also like such phase, dont like here can migrate. On the opposite side, the netizens will insist voting out Pap is their only aim.

Nobody should leave this country for not happy with the politics here. They should play their part to vote out the pro foreigner policy makers. At least stay here to watch how these people eventually die. Never leave here because of hardship, choose to die here. Punch the opponents before dying. That s what citizens should do.

Anonymous said...

India's New Tax System Is "Mind-Bogglingly Inane"
@ August 02, 2017 6:30 pm

Do you think it's true?
Only a dementia stricken Emperor will give unrestricted access to Indian citizens and Indian companies into Singapore in exchange for business opportunities in India?

Anonymous said...

5:21pm
U brought out a good point. Pap CECA is meant to wipe out sinkies skills set. In Saudi, they have 35% foreigners. Many ran from war zone as cheap labor. Saudi now want to get rid of the foreigners.

Reason: Saudi lose their skill. Hard to find a Saudi to repair cars. Not only jobs lost to foreigners, skills are lost.

In Sinkieland, it has no oil against Saudi, dependent on foreigners from construction to repair cars to IT to banking to health care etc, this island s jobs are dependent on foreigners while citizens searching for incomes and are jobless.

Robbing small sum armed with tools threatening cashiers is the remaining skills set not lost.
Voters need to vote for alternative to Pap. Pap want 7 millions population to fill up the properties empty now. Citizens children will be jobless for a long term on all fronts including banking and manufacturing.
Eventually, when terrorist attack here, many important jobs are having no one to take over.
U want a govt work against citizens overall interest only to take care of developers and foreigners? U should be having mental illness if you do.

Citizens only have one skill set: NS eventually.

Anonymous said...

patriotAugust 02, 2017 5:58 pm
//The Pack of Sweet Talking Rulers have shown that they have very LITTLE conscience left in them.//


The youth are feeling unsettled bcos of the education system and the poor quality of teaching?

The oldies are feeling despair despite a life time of sweating blood and shedding warm tears?

The middle age are sandwiched with shoring up the young and their hopes and aspiration, their old folks mental and physical well being and their own niggling physical discomforts, ailments ...?

Anonymous said...

Extracts from one of LKY grandson's eulogy on 29 Mar 2015

///Yeye understood the limits of his knowledge. He made it a point to try and understand the flaws and risks of his own perspectives better than anyone else. This was especially true when it came to Singapore. He refused to let blind nationalism run this country into the ground. He cared deeply about this country and made sure that he was aware of any weaknesses that could cause us harm. And yet he was very proud of Singapore and confident that we could be better.

Yeye showed me that you could make a difference in this world. Not just that you could make a difference, but that you could do it with your head held high. You didn’t have to lie, cheat, or steal. You didn’t have to charm, flatter, or cajole. You didn’t have to care about frivolous things or play silly games. You could do something good with your life, and the best way to do so was to have good principles and conduct yourself honourably.///


Having said all these, what happened to him now ...?

Where is he?

Where is his parents?

Why they need to do what they did?

Where LSW himself had to say what he said (or wrote)?

Anonymous said...

//He cared deeply about this country and made sure that he was aware of any weaknesses that could cause us harm.//


Sure or not (when he let a verLEE BIG weakness persists ...)?

Anonymous said...

//You didn’t have to lie, cheat, or steal. You didn’t have to charm, flatter, or cajole. You didn’t have to care about frivolous things or play silly games. You could do something good with your life, and the best way to do so was to have good principles and conduct yourself honourably.//


Did "YEYE" aka old fart's principles being adherred to (by eveLEEboLEE)?

Anonymous said...

Epic words by Dr Li Sheng Wu (PhD in Economics, {Ivy League} Stanford University)


//Once, at the suggestion that a monument might be made for him, my grandfather replied, “Remember Ozymandias”. He was, of course, referring to Shelley’s sonnet about Ramses the Second, the greatest Pharaoh of the Egyptian empire. In the poem, a lone traveller encounters a broken statue in the desert. On the statue, the inscription, “My name is Ozymandias, King of Kings; look on my works, ye mighty, and despair!” Nothing beside remains.

I think his meaning was that, if Singapore does not persist, then a monument will be no help. And if Singapore does persists, then a monument will be unnecessary. And that assessment is accurate: His legacy is not cold stone, but a living nation. We could no more forget him than we could forget the sky.//

Anonymous said...

Further extracts from LSW 29 Mar 2015 Eulogy

//We have our own visions for what Singapore will be. Some of our hopes may seem idealistic or far-fetched. But my grandfather’s vision must have seemed pretty outlandish too, when he stood in an impoverished backwater 50 years ago, and promised that it would become a modern metropolis. He showed us that, he showed us by example that with courage and clear thinking, Singapore can rise above its circumstances and be a light to the world.

Ye Ye, you started by fighting for Merdeka – for our right to rule ourselves. I found out this week that Merdeka has its roots in an old Dutch word, meaning a freed slave. When Singapore was cut adrift from Malaysia, you adopted an orphaned nation and made us all your children.

Ye Ye, you chose to forsake personal gain and the comforts of an ordinary life, so that the people of Singapore could have a better life for themselves, and for their children and for their grandchildren. That Singapore is safe, that Singapore is prosperous, that Singapore is – for this we owe a debt that we cannot repay.

Ye Ye – We will try to make you proud. Majulah Singapura.//

Anonymous said...

//Ye Ye – We will try to make you proud. //


May we ask LSW how is he gg to make his "YeYe" proud when his parents need to "run road" ...?

Anonymous said...

//Ye Ye, you started by fighting for Merdeka – for our right to rule ourselves. I found out this week that Merdeka has its roots in an old Dutch word, meaning a freed slave.//


May we ask LSW did he understand the word "collectLEE"?

"Freed slave"?

How many are NOT "slaves" to the CPF system, their HDB flats mortgage payment, their 500% inflated 4-wheels, their $500 and NOT $600,000 peanut NS allowances .....?

Anonymous said...

8.58am //Now, even our strategic location has been threatened. If they succeed with the alternative trade route, we are in for more trouble. All the retraining will only prepare those without jobs for lower jobs like looking for mosquitoes, pushing trollies, driving taxis (maybe if they become driverless, that is also a goner) etc. And they will tell you to take it or leave it.//


This is supported by an empirically observed economic phenomenon known as "Hysteresis"? Retrenched PMETs tend to be persistently UNEMPLOYED? Leading to high unemployment rate among PMETs in the lo(oooooo)ng run ........?

// ...looking for mosquitoes, pushing trollies,...// are NOT real jobs for ex-PMETS. In the US unemployment numbers, such statistics are classified under u6 unemployment rate, ie, considered unemployed lah ...?

patriot said...


'for the right to rule ourselves' and
'be freed slaves'??

The Late Monster RULED, LORDED OVER, MANIPULATED AND EXPLOITED SINKIES,
MAKING SINKIES SLOG LIKE SLAVES JUST TO BE TENANTS TO A PIGEONHOLE FOR SHELTER.

Good that he is no more around.
But, unfortunately he passed Sin to a WORSE MONSTER, HIS VERY OWN SON.


patriot


patriot said...


'for the right to rule ourselves' and
'be freed slaves'??

The Late Monster RULED, LORDED OVER, MANIPULATED AND EXPLOITED SINKIES,
MAKING SINKIES SLOG LIKE SLAVES JUST TO BE TENANTS TO A PIGEONHOLE FOR SHELTER.

Good that he is no more around.
But, unfortunately he passed Sin to a WORSE MONSTER, HIS VERY OWN SON.


patriot


The Dragon Fly said...

Action Speaks Louder Than Words

Words are only mere words.
A two year-old can utter enticing words;
A four year-old can make you laugh with words.
Even a parrot can repeat vulgar words
Not knowing they are funny or they are weird.
Stupid people can sometimes say wise words;
While clever people may spurt idiotic words.
Leaders can propound thousand million of words
More beautiful than roses and mightier than swords.
But ultimately it is Acton that speaks louder than all your words!




Virgo49 said...


Hi Patriot and The Dragon Fly.

What's you said is the truth that those who still worships and adore the Papies and their leaders are blind

Maybe, they are so closeted and like froggies in well only look at the sky and said this is the World.

Human, being humans with vices and virtues can lead virtuous or evil lives depending on how in the course of their lives adopted the virtuous or evil paths

Some have not in the course of live have had any contact or businesses with them. My estate in the course of walking my dog had some very pleasant conversations with a few fairly and high experience and ranking ex civil servants who are now blissfully retried.

When you hear their shocking horror stories of the ex-and current PAP Ministers and their families demands, you be shocked.

Especially, those in the medical professions.

LKY can said that their children are been brought up in the best of disclipine and what's not pampering them.

You be shocked by the behaviours of them. Anyway, when human gets into power and other humans behaved subserviently to them, in the long run, they be pompous, arrogant and knew that the world only rotate for them.

So, DONT side and think that they are all Angels. Karma has a way to punish whatsoever sins or wrong doings on those who are powerful and weak.

Those who are rich or poor.

patriot said...


Dear Elder Virgo49;

folks born with wisdom work for the Goodness and betterment of society.
They know that whence the community and society are peaceful and prosperous, safety, security and happiness follow.
Wiseman also understands no matter how rich or powerful one is, WILL STILL HAVE TO DIE.
Beings are born naked; without the love and care from the Parent and those around, one shall die soon after birth.
The Wellbeings of others is the condition for obes own happiness.

FUCK THE GREEDY PAPPIES FROM THE 1ST GENERATION TO THE WORSE THAN PIGS IN THE CURRENT REGIME.
THE FUCKERS IN THE CABINET ARE PLAINLY VAIN, GREEDY, SELFISH SELF SERVING AND WORST OF ALL; WITHOUT CONSCIENCE.

AS I HAD SAID ABOVE, THE LATE MONSTER WAS VAIN AND
ALL HIS PROTEGES MENTORED BY HIM ARE WORSE.
SIN WILL BE PUNISHED.

Like to say here that President Duterte of the Philippines is taking great personal risks to better the live of his citizenry.
He has with a stroke of his wisdom, change completely the Geopolitical Situations in Asia, S E Asia a d even tbe World at Large by disassociating with the World's most horrible shit stirrer, the Evil USA.

President Xi Jingpin is doing the World a big favour by developing other nations and better the live of the Global Community.

ONLY IN SIN, THE RULERS WORK TO ENRICH THEMSELVES, THE OLD MONSTER EVEN GRABBED ALL POWER HE COULD GET BY PUTTING DOWN WHOEVER OPPOSED HIM.

HIS SON IS MUCH WORSE.


patriot

Anonymous said...

Clinging to power, desperately;
A sign of weakness;
A sign of fear;
A sign of guilt;
Giving himself away to opponents;
Gone are the days of bliss;
Each night is a taunt;
A torture;
Beware when opponents smell blood;
Even the staunchest allies will run away;
Cos when the enemies close in;
Nothing will be left?

patriot said...


Even his own Siblings are victims of political ambition.

Hope there wont be a Tang Taizong(google Baidu/wikipedia)
Lee Shi Ming/唐太宗李世民
in Sin.


patriot


Anonymous said...

It is difficult for the PAP to continue using the same formula of throwing feathers and bones to keep the daft happy and continue to vote for them. People are getting sick and tired of losing jobs, paying for expensive cars, houses, mrt breakdowns and high cost of living. It is all the fault of the leaders letting in so many foreigners that everything is so expensive.

Foreigners car a fuck about what happens when they left after cashing in on from the sale of their property, CPF withdrawal and not to mention the earnings from jobs taken from locals. They can live in luxury at home using the money they earned here. What do locals have? CPF is untouchable. Selling and buying another property is as good as going back to square one. The new HDB probably cost more with renovation thrown in, more then the proceeds of the old house. with even smaller floor area to boot.

Who really benefits the most out of all this escalating prices? Pushing HDB resale prices higher means the new flats can be priced more expensively. Controlling the building of flats is another way they pushed HDB home prices through the roof several years ago. And did the prices come down when they started the massive building under KBW? Not on your life!