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6/16/2014
Pope Francis attacks the world’s economic system
Agence France Presse reported on 14 Jun 14 that ‘Pope Francis launched a sweeping attack of the world’s economic system in an interview…saying it discards the young, puts money ahead of people and survives on the profits of war.’
And this is what the 77 year old pontiff said, ‘It’s madness…We discard a whole generation to maintain an economic system that no longer endures, a system that to survive has to make war… But since we cannot wage the Third World War, we make regional wars. And what does that mean? That we make and sell arms.’
Now who is the Pope referring to? Which economic system is he referring to? For the enlightened, the answers are obvious. For the daft, they have been glorifying and praising the same economic system and the Evil Empire as the Empire of peace run by peace loving people. Now, would they believe the Pope or would they say the Pope is lying?
Kopi Level - Green
"Now who is the Pope referring to?"
ReplyDeleteRB
Pope got power to change world's economic system meh?
Sinkie opposition got power to replace PAP meh?
Sinkie opposition got more power to fight one another than to fight PAP.
ReplyDeleteLike Dalai Lama, all these immortal being thought they are GOD.
ReplyDeleteI thought everyone knows the vatican is the best place to launder money from europe. Is he trying hard to shift focus?
ReplyDeleteGreed has consumed humanity.
ReplyDeleteHumanity has lost their conscience.
Religions have no control over himanity"s greed and vice.
Human society is destined for ultimate decay and mankinds will destroy each others due to greed and vice.
patriot
He's referring to Satan.
ReplyDeleteHow many percent of people can live past 70, as the retirement or CPF going to raise to 70, possibly only 10 - 15 percent?
ReplyDeleteWhy raise to 65 or 70 where those below these age if out of job no income? those who able to live past 80 govt should gave them social welfare and not depend of their CPF?
What happen to 55 to 65, no payout no money give out, why should be only 65 and 70 above then got money, so how to reward those who struggle their whole life to save 37 percent per month their money gone if they can't live past 65, they can't even enjoy their lifetime of savings?
Is there something wrong with this system, which keep changing the rules, should make it as simple as possible?
The rest of 85 percent, is unlikely to see their CPF, after slogging for 40 years which promised to be returned to people at 55?
Many got to eat grass if they can't get back the lump sum at 55 as had promised, borrowing from credit companies and Ah long ?
In today context of heavy job competition, the older the person the less marketable, so if he out of job and used up their savings, now even worse can't get back their hard earned savings which is locked up forever, unlike last time can temporary depend on their CPF and look for jobs?
Singapore don't have the type of retrenchment benefits like the west?
Many at this age had a family to feed, so between 55 and 65 or 70 better don't out of jobs now, unlike last time you can have your CPF as a back up in case you don't have a job temporary?
Statistics is not perfect science, if it perfect all the accountant will be very rich?
ReplyDeleteThe money hoarder:
ReplyDeleteWhat the underlying reasons for the govt to locked up fund forever, the govt know?
It can't be the reason people will spend it in Bintan, because likely less then one percent will do that? Another excuse as usual with some unpopular policies?
People had live longer, M'sian returned the EPF at 55, so this could not be the real reason, past statistic is not always accurate for the future? Statistic is not perfect science?
Keeping people lifetime saving of every month 37 percent saving for 40 years could cause them dearly in 2016 General Election, as it has reflected in the Punggol East By Election a swing of 10 percent votes, from a winning to a unexpected lost in 2013?
Come 3 more year in 2016 the swing could be worst like more people use the internet as more youngster able to vote, the govt could be out? The could be out of the govt?
Tan Cheng Bock and Catherine Lim felt that the money should be return to people at 55 as it is important as it was and promised to be return,like a bank fixed deposit, trust it very important?
The Singapore largest protest in 7 June show how concern is their life time savings been locked up?
Howe Yoon Chong one of the leading minister at 1984, just by suggesting delaying in returning the CPF at 1984 got to be retired, could these group of minister less experience or overpaid, not so care about the result in 2016?
Whenever reasons the govt give people don't believe much, most person who slog 40 could not anyhow spent all their money at once, espcailly with the heavy job competition from foreigners today they need to set aside more money for contingency uses and they need most at these age where many children still in schools between 55 and 65?
The govt giving 3 percent back need to invest it to generate 5 percent returns investment, investments is a risky business especially you need to find investment that give you return of 3 pc plus cost of admin and trading cost of plus 2 pc?
Other then the ideas the huge amount of funds relative low cost and little risks because it is likely at least 80 percent don't live past 70s, so don't need to return to people is very high?
Whether a person have or have no CPF, some of them too can't keep their money it natural in a society, at the other extreme some would like to hoard money, even to the extend of hoard other people money?
There are who so thrifty or miserly with so much money even with holes inside their pants with millions inside their banks, they still don't want to but new pant prefer asking their wife to sew it back for him?
Even with so much money few generation can't use finish still want to hoard more?
They thought everyone was spendthrift except him, this type of money hoarders should go to consult Dr Ang, could be suffering from reverse bi polar disorder?