4/13/2023
Where did the savings of Singaporeans go to?
The bulk of Singaporean's savings in CPF will all be siphoned off in paying for that million dollar flat very soon, but that will still turn to dust after 99 years. I really worry and feel sorry for the future generations not knowing whether they will be able to afford those flats. But never mind, the Government still maintains that however HDB flat prices escalated, HDB flats are 'still affordable'. End of story.
No wonder some people have been saying that our money in CPF is actually their money, just like the USA Government telling countries holding reserves with them and people it does not like but who holds money in Western banks. The Singapore Government assured us that using our CPF to buy a HDB flat will provide a valuable asset that will increase in value for our retirement, with the narrative discreetly avoiding the zero value time bomb. They know you and me have no other choices. That golden opportunity for a big CPF withdrawal at age 55 became a mirage and turned to dust for every Singaporean.
Then there was the tall tale by the tall one, that touted for years, that upgrading will increase the value of your flat. Someone pricked the upgrading balloon asking what happens to HDB flats when it reaches 99 years. That was the end of the upgrading myth, otherwise it will still be a carrot that will be dangled in front of voters when GE comes around. And Singaporeans will continue to bite. But strangely not Hougangers, even when offered upgrading for votes.
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The money goes to investments in India and US Treasury bonds!
Troubled Adani Group alone got $1.2b from DBS. How much in Olam?
And they are still pouring money into India. Let us hope it is not a 'Black Hole'.
India is not a black hole. It is a very, very long term investment, like 100 years, for the exceptionally talented investors. All those alive now would never be around when it turns profit, if it ever will.
When investing with OPM, India is an excellent choice. Bet big big and hope to win big big.
If lost, never mind, OPM only.
As long as the investment is kept in the books, there will be no loss. Just stay invested and pour in more and more OPM to average down.
Have faith, have strong faith that after 100 years the investment would bear fruits.
"investing" in India is an endless money pit.
They are well known for changing the terms of the contract at whim & fancy, creating another money pit to draw more money from ignorant investor. Either invest more to save your initial investment or cut your losses & run. Most investors pump in more to save the initial investment.
State Land is sold by the Regime to their cronies(developers) and sold
to the People and now
mostly to foreigner settlers.
Who benefits from
such transaction?
Japan thought it was clever to steal the high speed rail contract from China. Now the Indians are trying to skin them dry. Japan is cutting loss and has more or less mothballed the project with huge losses.
And Japan is supposed to be a very closed ally, both anti China. But when comes to money, it is money talk and India would squeeze every drop of blood from Japan if they could.
Not to worry about India skinning Japanese or the other way round. They are all in the family of QUADs. They can screw each other upside down, no harm done.
China must be counting its blessing by being not involved in the HSR of India. Otherwise, China will get even worse treament than the Japs. Enemies mah! To be an enemy of India is dangerous, to be its friend is fatal.
Oops, Singapore is India's good friend. I just wonder.....
Singapore is enjoying every moment of its special relations with India. And begging for more.
Gerrymandering is the PAP way of gaining votes for their eternal power. Very strangely, Singaporeans are too blind to see through this scam. Either Singaporeans are too stupid or too brainwashed to fall for this cheap tricks the PAP use every GE. Maybe by nature Singaporeans are too greedy.
Why? Three words - Kiasu, Kiasi, Kiachenghu. They have yet to learn from people in Hougang.
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