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.

Britain – a ‘has been’ power trying to cause mischief

Like the few Pinoy boys wanting to set off bombs in Manila in protest against the Filipino govt for being soft towards China, some British parliamentarians led by a Richard Ottaway is conducting a parliamentary inquiry on China’s handling of Hongkong affairs. The British parliamentarians are accusing China of not abiding by the terms of the handover agreement for a one country, two system model.
 
The Chinese govt is furious and accusing the British of interfering in China’s domestic affairs. China is still found sorely wanting to think that the British or the Americans and Europeans would play fair and leave China alone. These ex colonialists would always think that they have the right to mess around with Afro Asian countries, and it is also to their benefits to put pressure on their ex colonies. China was fragmented then and certain parts of the country were colonized and seized by the colonial powers.
 
The hue and cry by China is like a small boy trying to cry out loud to the bully. It reveals the lack of sophistications of the Chinese govt on how to deal with the subversive activities of the recalcitrant ex colonial powers, or ‘has been’ powers like the UK.
 
There are just too many things that China could do to hit back at Britain. The British and the Americans have been committing acts of war and crimes against humanity all over the world, then and now. For a start, China should rally the African and Arab countries to conduct an inquiry on the crimes and genocide against the Iraqi people led by George Bush and Tony Blair. Get all the evidence and send them to a former trial for war crimes against the Arab people.
 
If China is new to this game and did not know how to go about it, China can engage the assistance of Mahathir on this. With China taking the lead, Mahathir and the Arab countries would have a bigger clout to put the criminals to justice. If the European dominated international courts would not handle the case, China can set up an alternative international court in Shanghai or Hongkong to hear the charges. China should set up an agency dedicated to pursue the wrong doings of the ex colonialists on their crimes in the past, particularly in Shanghai and Hongkong. Charge all the corrupt governors and top officials for the crimes they have committed in China against the Chinese people. China must take the initiative instead of always being on the receiving end warding off attacks by the west.
 
On the international scene, it could conduct inquiries on all the crimes committed by the US and UK and the European powers in Africa and the Middle East and also in India, the biggest colony that was fully colonized for several centuries. There were many genocide against the Indians in India that need to be revived to give justice to India and the Indian people. And there were a lot of treasures robbed and looted by the colonial powers then in both India and China and the rest of the world.
 
China’s leadership in this area is a job cut out for them. The rest of the world that have been continuously bullied and harassed by the western powers need an alternative power to give them honour, justice and dignity. The bashing of the rest of the world by the western powers must be stopped and put on trial.
China should not bother with the inquiry by a ‘has been’ power led by a Ottaway. There are many and bigger jobs to be done for the rest of the world, victims of western powers. The world is in need of a new leadership.

Kopi Level - Blue. Thank you.

Daft, daft and daft

Don’t Sinkies get it? Everyone has been calling them daft day in and day out and they are so happy about it, or pretending not to know. At 55 years old, got a life time of education, raised a family, some are Ah Kongs and Ah Mahs, some sitting in board meetings as senior management or as CEOs, and they said you are daft. They said you are irresponsible, would squander away your life time savings, and on mei meis. You spent your whole life being a responsible individual, serve your NS to defend your country, they said you cannot be trusted with your life time savings of a few hundred thousand dollars. It would be different if you are in IMH. But no, you are still healthy and employed in very senior and responsible positions in big corporations and institutions.

And the best part, the daft kept quiet and accepted being labelled as daft and irresponsible, and cannot be trusted with their own money by little boys and girls who thought they are really demigods. And these boys and girls are grinning themselves silly at the daft, and laughing all the way to the banks.

And now there are a few boys and girls standing up at Hong Lim trying to defend the pride, honour, dignity and stupidity of the daft. And what did the daft do? They called these boys and girls daft.

And the fake foreigners are flooding into the countries to take up the top jobs, and some daft still thinking they are taking the cheap jobs. And the foreigners are telling the govt or people in MOM they could not find any Sinkies good enough for employment in well paying jobs. And they have to go overseas, especially to their 3rd World villages to hire their Ah Bengs, Ahmads and Aruns to replace our graduates from world ranked universities. And we stupidly keep going back to them to want to hear their explanations and be willingly conned by them, and without knowing that they were telling themselves that these silly people are so easy to be duped.

And to rub salt to the wounds, they brought in fakes to sit on top of our people and order them around and fucking up their careers and lives, and drawing big salaries just to make the Sinkies look daft and believe they are really daft. How’s that for dessert?

And to top it all, we are going to develop our Singaporean core by giving pink ICs to these foreigners and called them Singaporeans to manage us, manage our companies that we built without them, and probably to run our country too in a matter of time.

Why are we so daft and not knowing it? How long are we going to live with this daft reputation and not going to resist it? Anyone passing 55 and not complaining about his CPF money and the reason for not letting him have his money is a daft.

Kopi Level - Green

Toto top prize now $1.6m

Good news for all Singaporeans. With the high cost of living, high property prices, the govt has taken noticed and is helping again. The top price for Toto is now raised from $500k to $1.6. This is necessary as $500k or $600k could barely be enough to buy a HDB flat. Come to think of it this is really doesn’t make sense when you see people earning more than a million or $5m or $10m in salary annually. And the people have to place bets with a one in 14 million chances just to win $500k. And there are people saying, what is $10m? Would the Toto winner be saying, what is $500K?
 
At least $1.6 million would be sufficient to buy a HDB flat and maybe a nice car to go with it, and with a little spare cash to have a fling. It is a good thought really. Never mind if the cost is a bit more. Let me quote SY Lee and Leong Sze Hian’s introductory paras posted in TRE on the enhancement of the Toto prices.
 
‘We refer to the article “Larger jackpot with more prizes for TOTO from Oct 7” (Channel NewsAsia, Aug 2.
Betting amount increase 100%?
It states that “In changes that will take effect from Oct 7, An ordinary bet of six numbers will now cost S$1 as opposed to 50 cents previously, while System 7 will now cost S$7, as compared to S$3.50 previously….’
 
I must say that the govt is not only forward looking, an ability to see ahead, it is also caring and wanting the people to do well and live well. Now the lucky winners will be happier and able to live better with $1.6m.
 
There is hope.

Kopi Level - Green

Chinese bashing as racists continues

The cold blooded killing of a black teenager in the US by white policemen who pumped in 6 bullets to make it six times confirmed that the boy was dead, became an excuse to accuse the Chinese as racists by as black Asian American named Jamil Anderlini. Oops, I shouldn’t mention his colour as that is racism for a start. In Singapore we often used terms like dark or fair complexion although these would not make any difference to a racist. Anything can be racist to a racist.
 
This Jamil’s article, Understanding China style racism, reported in The Financial Times and reposted in the Today paper makes me wondering what is the agenda of the paper. Is the paper confirming that what Jamil Anderlini’s condemnation of Chinese as racists is true? Or is the paper simply saying that there are people like Jamil Anderlini who is obsessed in his thoughts that the Chinese are racists? Or is the paper saying that this Asian American and The Financial Times was trying to distract the brutal killings of a black teenager by a white mob of policemen in the US by condemning the Chinese to take the attention away?
 
Looking into the content of the article, the only thing the author could say about Chinese racism is name calling or jingoism. And indirectly he is saying that he and his race are free from such name calling and jingoism. What is glaring is that the Chinese style racism of name calling to this Jamil is more serious than the white form of racism when coloured people are murdered in cold blood or attacked physically by the whites. I just hope this Jamil will have a taste of white racism to change his mind. Or maybe he had but chose to live with the bruises and his bruised ego.
 
The big question is, how many coloured people have been subjected to physical violence by the white men in the US, UK, Europe and Australia, and how many non Chinese have been subjected to physical violence by the Chinese in China or in other countries? All I know is that the Chinese have been victims of racism in the US, UK, Europe and Australia and even in Singapore by white men. Not true?
 
I am still puzzled for the reasons to publish this biased report against the Chinese as a people in the Today paper. The Chinese are racists? I say fuck you. Now would that make me a racist?

I  may also want to ask, what is the agenda of this Jamil? Does he has a sinister motive?

Kopi Level - Green