Myth 148 - The Golden Period

Many people will be turned off by this phrase. Many will sneer at its pomposity. Many will rubbish it off. But believe me, it is true. This is not a myth. We are indeed in the golden period. Never in our history have so many people who upgraded from HDB flats to live in mansions. And not only one mansion but another 5 or 10 private properties. And some better still, a few more properties overseas, to hedge just in case Singapore sinks tomorrow. With so much money to play with, they can have all kinds of contingency plans. Never in our history have there been so much wealth that $600k is rubbished as small change. And there are many people who have so much money that they can say, 'What is $5 million or $10 million?' And never have there been so many people bathing in money, earning millions and millions. If this is not the golden year, then what is? And the phenomenon is not only happening here. The same thing is happening in Malaysia. Many are also laughing all the way to the banks. Many have exceeded the Swiss standard of living by all means. For those who are left behind and cannot experience the golden ray, it is their fault. This is a land of opportunities. Exploit the system to your benefit. If you can't then don't blame others. I don't blame others though I am not experiencing any of the golden ray. Just not talented enough.

Infidelity - The Andy Ho Twist

We spent some time last week speaking tongue in cheek about lust and the sweet young things and about ladies night. The issue was how lusty and alluring these young things were compared to the more mature and experienced ladies in their matronly age. Who would be of more value to lure men to spend money on them in night clubs and to sought their company? It was all about how sex sells. Andy Ho has given the issue a new twist in his article in the ST today. He compares the value of the womenfolks with the value of aged women like his grandmother. Interesting way to include grandmother into the discussion on human lust. Now I am amused. Cheers Andy, for the humour.

Golden Period or Golden Era

There is a big debate going on now. No they are not arguing whether it is a period or an era. It is about who owns the most gold. And gold is what people should be going after. The prophecy of Matilah is coming true. The fiat money is shrinking so fast that once it took $1 million to buy a home, now it is going to take $2 million. Once it took $3 to buy a plate of noodle, not it is $4.50. Once it used to be $4 or $5 a trip on a taxi, now it is $8 or $10. The safest thing to do now is to convert all the fiat money to gold. Soon we may be trading, buying or selling things with gold when the fiat currency turns into banana currency. Good luck to your $200k or $1 mil savings in the CPF when you lay your hands onto it. Now you know why your savings will never be enough. Better to ask CPF Board to allow depositors the choice to convert their savings into gold. Welcome to the golden period.

Myth 147 - The good news myth

The landlord goes to his tenants with the good news. The economy is doing very well. Property prices are going up. But he is going to increase the rental by $500 a month. And another good news, he is giving the tenants 3 month's of rebates. So for three months in a year he would waive the $500. And a sweetener. Every month he is going to provide one packet of 3 in 1 coffee free for his tenants.

Why are prices higher?

Lilian Lee Pei Lin went to Shop N Saves and found that all the prices are higher than it used to be. And there are many signboards shouting loudly that the store is absorbing the 2% GST increases. A pack of eggs used to be $4. Now it is $4.08. Anyone needs a calculator? Wondering why is she asking 'Why are prices higher?' It will be more fun is Shop N Save puts up another sign saying 'It is good for you.'