CPF backed by solid assets

I am just looking at the reasonings given recently that the people have no fear as their CPFs are backed by solid assets of the state. We have land, we have properties, we can also print money, solid like hell. Even if we lose all our CPF money in bad investments, the govt can always find other money to put back or repay the people’s CPF savings. I am not saying that our CPF money has been lost or gambled away. Our CPF money is in SGS bonds, very safe.
 
This issue crops up because of the reasonings used to assuage the people that they have nothing to worry about. The govt is not broke and have a lot of assets to back up the CPF savings in the reserves, land and properties in the whole island in fact.
 
So, is the reasoning or logic acceptable? Hypothetically, if a rogue govt and their talented investment managers were to lose the bulk of the reserves/CPF money in the future, they can say, don’t worry, we have a lot of assets that we can sell, liquidate to put back into the CPF, is this assuring?
 
Money lost is money lost. Taking money from somewhere to cover up the hole means somewhere else has a big hole that needs covering up. If the loss is big, the hole would be just as big. Some big assets must be sold from the pool. This cannot be acceptable.
 
The reserves/CPF money being managed when lost is lost and digging out money from other pockets cannot be acceptable and not comforting. The money must come from somewhere and when everything is accountable and linked, ultimately the people must pay for it somehow. Yes, the govt has a lot of money, reserves and assets, many times more than the CPF savings. So?
 
It is just like the public transport system. If it loses money, or more money needed for capital expenditure, or more fines for delays and breakdowns, eventually the commuters will have to pay for them.

Kopi Level - Blue. Thank you.