Meng Wanzhou is just a bargaining chip in the American war for supremacy against China. The Americans have been playing with many cards, Taiwan card, South China Sea, Uigher terrorists, human rights, 5G etc etc. China is still adopting a stupid position of a civilised gentleman dealing with rogues, thugs and international gangsters and hoping that they would appreciate a meek and hapless gentleman and be nicer to China.
This dumb game, allowing the Americans to bully China without retaliating has never yielded positive results but inviting more aggressive and unreasonable demands and actions from the Americans and their cronies with little countries even daring to sail their antique warships into the South China Sea to challenge China. When would China learn that weakness invites trouble and China would have continuous stream of trouble if it continues with its appeasement and meek policy when confronted by aggressive troublemakers?
The situation in Venezuela is a golden opportunity for China to pick up a useful chip to trade against the Americans. The Russians have done it, openly telling the Americans to lay off the elected President Maduro and stop supporting a coup led by Guaido, a non democratically elected opposition leader. Putin has sent in his contractors, ie civilian Special Forces to Venezuela. Trump Jr, the Canadian boy PM, was quick to support Trump in this regime change. What is China waiting for, allowing the US to attack one country at a time, and act as if it is none of China's business until China's turn comes?
What has China done or is going to do? By being impartial, apathetic, a bystander, does not do China any good. The Americans and the West would still be badmouthing China as an aggressive and warmongering state. And when this Venezuela trouble dies down, when a pro American regime is installed, the Americans would turn its full attention to attack China again in all fronts.
Why didn't China join Russia to condemn this interference in the domestic affairs of another country and send in their Special Forces as well and use it as a bargaining chip against the Americans? Get an invitation from Maduro. Keep the Americans busy with trouble at their doorstep. China needs every chip it can get to fight the Americans. The Americans are conducting a war with China in all fronts, from trade to technology, espionage and military threats. Another stupid thing that China did recently is to cooperate and share information obtained from the moon with the Americans when it was shut out from space exploration by the Americans for several decades.
It is high time China opens its eyes and faces the hard truth, that being nice is not a solution unless it wants to invite more trouble from the West. Just a reminder, why was China invaded by Japan, simply because it was weak. Would China want to continue to be seen as weak and be provoked, threatened and bullied even by small countries egged on by the Americans?
It is time that China takes a stand against the American aggression and be firmly on the side of the Russians and all the victim states of the evil American Empire.
1/26/2019
Housing prices in Singapore seriously unaffordable
"House prices in Singapore are considered “seriously unaffordable”,
with a median multiple of 4.6, which means that the median house price
is 4.6 times the city-state’s median household income, according to an
annual survey...
Conducted by urban planning policy consultancy Demographia in Q3 2018, the 15th Annual Demographia International Housing Affordability Survey (2019) covered 309 cities in eight countries, including the United States, China (only Hong Kong), the United Kingdom, Australia, Singapore, Canada, Ireland and New Zealand....
The survey found that Hong Kong has the world’s least affordable home prices, with a median multiple of 20.9, up from last year’s 19.4. Vancouver came in second, while Sydney, Melbourne and San Jose came in third, fourth and fifth, respectively...."
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
When I read the article I was kinda, what, how could this be, who dared to make such a comment? For a moment I thought it was a local media. On double checking I was relieved that it was reported by Yahoo Online. That made sense.
A report like this is as good as slapping our ministers for saying that housing prices are very affordable. Ok, let me be very specific here, the ministers must be talking about public housing like HDB and it is a conscious govt policy to make public housing very affordable for Singaporeans, like having a $1,000 monthly income can also afford one. And for doing that the HDB is losing billions annually to subsidise the public housing for the people.
Surely the report must be talking about private properties and not about public housing. I think it is safe to make this assumption. If not, if the comparison is about public housing, then the govt would be very unhappy and someone would likely have to say sorry and explain and even correct this mistake. Singapore's public housing is so affordable.
Even if it is about private housing, I disagree with the survey findings. See, Hong Kong's median housing price, I don't know what this mean, is 20.9 times the median household income. 20 times, you believe it, and we are only 4.6 times! That means our housing is very cheap compares to Hong Kong. We have a lot of room to grow, for prices to go higher, at least 10 times, and still quite a distance from Hong Kong. We must compare apple with apple and Hong Kong is the most like us, so we should measure ourselves against Hong Kong. Thus 4.6 times is really very affordable, not seriously unaffordable. Agree or not?
In the same article there was a link to another article claiming that 88% of Singaporeans are very unahappy with the high property prices. I think that must also be fake news or misinformation. How could it be? Singaporeans are the happiest lot, property owners, and the most supportive of the high property prices. They all stand to gain, to be paper millionaires, owning million dollar HDB flats with prices that can only go up and up.
The best proof that the report and linked article are fake news would be the result of the next GE. If the Singaporeans are unhappy, it could mean the end of the PAP. My take is that the PAP would continue to enjoy mass support with more than 75% majority votes.
You can disagree with me.
Conducted by urban planning policy consultancy Demographia in Q3 2018, the 15th Annual Demographia International Housing Affordability Survey (2019) covered 309 cities in eight countries, including the United States, China (only Hong Kong), the United Kingdom, Australia, Singapore, Canada, Ireland and New Zealand....
The survey found that Hong Kong has the world’s least affordable home prices, with a median multiple of 20.9, up from last year’s 19.4. Vancouver came in second, while Sydney, Melbourne and San Jose came in third, fourth and fifth, respectively...."
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
When I read the article I was kinda, what, how could this be, who dared to make such a comment? For a moment I thought it was a local media. On double checking I was relieved that it was reported by Yahoo Online. That made sense.
A report like this is as good as slapping our ministers for saying that housing prices are very affordable. Ok, let me be very specific here, the ministers must be talking about public housing like HDB and it is a conscious govt policy to make public housing very affordable for Singaporeans, like having a $1,000 monthly income can also afford one. And for doing that the HDB is losing billions annually to subsidise the public housing for the people.
Surely the report must be talking about private properties and not about public housing. I think it is safe to make this assumption. If not, if the comparison is about public housing, then the govt would be very unhappy and someone would likely have to say sorry and explain and even correct this mistake. Singapore's public housing is so affordable.
Even if it is about private housing, I disagree with the survey findings. See, Hong Kong's median housing price, I don't know what this mean, is 20.9 times the median household income. 20 times, you believe it, and we are only 4.6 times! That means our housing is very cheap compares to Hong Kong. We have a lot of room to grow, for prices to go higher, at least 10 times, and still quite a distance from Hong Kong. We must compare apple with apple and Hong Kong is the most like us, so we should measure ourselves against Hong Kong. Thus 4.6 times is really very affordable, not seriously unaffordable. Agree or not?
In the same article there was a link to another article claiming that 88% of Singaporeans are very unahappy with the high property prices. I think that must also be fake news or misinformation. How could it be? Singaporeans are the happiest lot, property owners, and the most supportive of the high property prices. They all stand to gain, to be paper millionaires, owning million dollar HDB flats with prices that can only go up and up.
The best proof that the report and linked article are fake news would be the result of the next GE. If the Singaporeans are unhappy, it could mean the end of the PAP. My take is that the PAP would continue to enjoy mass support with more than 75% majority votes.
You can disagree with me.
1/25/2019
Kidnapping of Meng Wanzhou is US terrorism. Canada must release Ms Meng immediately.
Canada ambassador to US David MacNaughton pushed for earlier extradition of Huawei's CFO to US before the deadline 30th January, 2019, hoping to get Canada out of the awakward situation. He is sorely mistaken for China will not let Canada off the hook if it extradites Meng Wanzhou to US. On the contrary Canada will face even more severe backlash from China which will put bilateral ties in great danger.
The whole affair must be seen in geopolitical perspective. The white American Neo-Cons have stated clearly that America will not allow any other country to become as rich and powerful as the US. Now they look at a wealthy China with jaundiced eyes. Huawei a Chinese high tech company started its business in China in 1986 by Ren Zhengfei, a retired military engineer. He was able to build Huawei from scratch in 1986 to present world status as a very successful global telephone and telecommunication company beating all western companies including US - Apple, Intel and ATT.
As they would not allow any Chinese company to outshine any of US companies to become Number One in the world so they have to manuafacture lies into reality about all the falsehoods and scams about Huawei being a threat to their security. Now under pressure from the rogue US, white men's countries like UK, Australia, New Zealand, Canada, France, Germany and Poland are conniving to take down Huawei. They are also trying to psycho other non-white countries not to use Huawei's products. Even the treacherous Japanese have now sided with the Americans.
However the Evil Empire thinks that as Huawei is far ahead of all western countries including US in the development of 5G , being The Internet of All Things", so the best way to bring Huawei and China down is to kidnap Huawei's CFO under false charges base on illegal and illicit sanctions on Iran.
To add insult insult to injury about 140 former ambassadors and western academics in China's affairs have the effrontery to send a letter to Chinese leaders, calling for the release of two Canadians arrested in China.. This is direct intereference in China's internal affairs . This is outrageous and shows how arrogant these western countries still assume it can impose extraterritoriality on China as had happened in the past during the Opium Wars 1839 -1856 to 1930s.
The Meng Wanzhou case is an assault on China's high- tech enterprise under the guise of law . It serves the US China strategy which views China as a strategic rival. It is clearly a geopolitical persecution. Here I quote Global Times, " Didn't those academics and former ambassadors realize how malicious Meng's case is and how much damage it will exert on the international business order? Why didn't they appeal to the governments of the US and Canada to set Meng free?"
"Why are they silent as the US exploits its alliance system to suppress Huawei? Their letter to Chinese leaders only showcases the prejudice of the western elite and is valueless on moral grounds, We expect the awareness of the western world toward China to awaken."
The American sanctions on Iran are not international sanctions but US sanctions which are illicit and illegal as it is done in defiance to the United Nations Security Council article 2231. The Evil Empire being a rogue country has no qualms in breaking international laws or treaties if they serve its purposes.
US has set a dangerous precedent in kidnapping Miss Meng and unless Meng Wanzhou is released it will set a chain reaction for other victimised countries to start arresting or kidnapping US and its western allies senior business executives. China can arrest Sheldon Adelson the owner of many casinos in Macao and possibly the one who together with the despicable anti-China Jew, John Bolton planned the kidnapping of Meng Wanzhou. Both Adelson and John Bolton have strong and loyal attachment to Israel and harbour a deep hatred for Iran which poses a firm obstruction to US and Israel conquest and domination of the whole Middle East.
Though America has formulated many international laws with the United Nations it has never sign any one of them as it arrogantly claimed that US will not be bound by any of these laws as US practices its ideology of Exceptionalism and Unilateralism . These international laws are created to hamstrung Russia and China's rights in Ukraine, Black Sea and the East China Sea and South China Sea respectively and to constrain China's peaceful development.
The Canadians kidnapping of Huawei's CFO at the behest of US turns them into political pawns and the wrecking of the brands of many American and Canadian exporters overnight.
US pious claims about the "Rule of Law" is hypocritical and is not convincing as it is done selectively in its application. Many US firms and executives were cited for violating the Iran sanctions, yet none of them were convicted and sent to jail or even pay a heavy fine. What about the unpunished crimes and violations of the Wall Street rogues and scoundrels which led to the 2008 financial crisis. What about the covered up of the murder of Jamal Khasoggi a US citizen which flagrantly violated US laws All this pious claim about the Rule of Law is just American bullshitting.
The Canadian legal authorities must come to its senses and realize that the kidnapping of Miss Meng is politically motivated and should set her free forthwith less it moves into dangerous grounds.
Canada has committed a grave mistake in supporting an extradition treaty with US for a hundred percent politically motivated crime. Canada should not support US terrorism. US is just taking advantage of Canada as it has always do the same with other weak countries. China has always been Canada's friend until the Huawei event. It is not worth just for supporting US terrorism.
America always talks senselessly and arrogantly about its security at the expense of others security. It is time for the world to unite to take down the Evil Empire less it takes the world down with it on the road to Armaggedon
Southernglory1
Friday, 25th January, 2019
The whole affair must be seen in geopolitical perspective. The white American Neo-Cons have stated clearly that America will not allow any other country to become as rich and powerful as the US. Now they look at a wealthy China with jaundiced eyes. Huawei a Chinese high tech company started its business in China in 1986 by Ren Zhengfei, a retired military engineer. He was able to build Huawei from scratch in 1986 to present world status as a very successful global telephone and telecommunication company beating all western companies including US - Apple, Intel and ATT.
As they would not allow any Chinese company to outshine any of US companies to become Number One in the world so they have to manuafacture lies into reality about all the falsehoods and scams about Huawei being a threat to their security. Now under pressure from the rogue US, white men's countries like UK, Australia, New Zealand, Canada, France, Germany and Poland are conniving to take down Huawei. They are also trying to psycho other non-white countries not to use Huawei's products. Even the treacherous Japanese have now sided with the Americans.
However the Evil Empire thinks that as Huawei is far ahead of all western countries including US in the development of 5G , being The Internet of All Things", so the best way to bring Huawei and China down is to kidnap Huawei's CFO under false charges base on illegal and illicit sanctions on Iran.
To add insult insult to injury about 140 former ambassadors and western academics in China's affairs have the effrontery to send a letter to Chinese leaders, calling for the release of two Canadians arrested in China.. This is direct intereference in China's internal affairs . This is outrageous and shows how arrogant these western countries still assume it can impose extraterritoriality on China as had happened in the past during the Opium Wars 1839 -1856 to 1930s.
The Meng Wanzhou case is an assault on China's high- tech enterprise under the guise of law . It serves the US China strategy which views China as a strategic rival. It is clearly a geopolitical persecution. Here I quote Global Times, " Didn't those academics and former ambassadors realize how malicious Meng's case is and how much damage it will exert on the international business order? Why didn't they appeal to the governments of the US and Canada to set Meng free?"
"Why are they silent as the US exploits its alliance system to suppress Huawei? Their letter to Chinese leaders only showcases the prejudice of the western elite and is valueless on moral grounds, We expect the awareness of the western world toward China to awaken."
The American sanctions on Iran are not international sanctions but US sanctions which are illicit and illegal as it is done in defiance to the United Nations Security Council article 2231. The Evil Empire being a rogue country has no qualms in breaking international laws or treaties if they serve its purposes.
US has set a dangerous precedent in kidnapping Miss Meng and unless Meng Wanzhou is released it will set a chain reaction for other victimised countries to start arresting or kidnapping US and its western allies senior business executives. China can arrest Sheldon Adelson the owner of many casinos in Macao and possibly the one who together with the despicable anti-China Jew, John Bolton planned the kidnapping of Meng Wanzhou. Both Adelson and John Bolton have strong and loyal attachment to Israel and harbour a deep hatred for Iran which poses a firm obstruction to US and Israel conquest and domination of the whole Middle East.
Though America has formulated many international laws with the United Nations it has never sign any one of them as it arrogantly claimed that US will not be bound by any of these laws as US practices its ideology of Exceptionalism and Unilateralism . These international laws are created to hamstrung Russia and China's rights in Ukraine, Black Sea and the East China Sea and South China Sea respectively and to constrain China's peaceful development.
The Canadians kidnapping of Huawei's CFO at the behest of US turns them into political pawns and the wrecking of the brands of many American and Canadian exporters overnight.
US pious claims about the "Rule of Law" is hypocritical and is not convincing as it is done selectively in its application. Many US firms and executives were cited for violating the Iran sanctions, yet none of them were convicted and sent to jail or even pay a heavy fine. What about the unpunished crimes and violations of the Wall Street rogues and scoundrels which led to the 2008 financial crisis. What about the covered up of the murder of Jamal Khasoggi a US citizen which flagrantly violated US laws All this pious claim about the Rule of Law is just American bullshitting.
The Canadian legal authorities must come to its senses and realize that the kidnapping of Miss Meng is politically motivated and should set her free forthwith less it moves into dangerous grounds.
Canada has committed a grave mistake in supporting an extradition treaty with US for a hundred percent politically motivated crime. Canada should not support US terrorism. US is just taking advantage of Canada as it has always do the same with other weak countries. China has always been Canada's friend until the Huawei event. It is not worth just for supporting US terrorism.
America always talks senselessly and arrogantly about its security at the expense of others security. It is time for the world to unite to take down the Evil Empire less it takes the world down with it on the road to Armaggedon
Southernglory1
Friday, 25th January, 2019
5G – The Hua Way or the American Way
The battle for supremacy in 5G technology is the hottest topic today
with the American camp losing out by a mile and resorting to underhand
tactics to cripple and ban Huawei from their markets. The 5 eye
countries, ie US, UK, Canada, Australia and New Zealand are in cahoot in
this unfair war with Huawei, China. Can you believe it, 5 big
countries, one big country and 4 crony countries ganging up against a
corporation and pressurizing other countries to do so? This is how
serious this battle is for the control and dominance of 5G technology
and infrastructure ruling the technology world. This has scared the shit
out of the Americans and the 5 eye countries.
The thing is that Huawei’s 5G technology is real and many times superior to what the Americans, Nokia and Ericsson could offer. No tech company has yet to come near to Huawei’s 5G and they are hoping to catch up in a year or 2, or could be longer. And Huawei’s 5G is the lynch pin to many futuristic technologies that are being developed. Without Huawei’s 5G it is no go.
And 1 or 2 years is a very long time in this field of technology. It could mean make or break, it could mean being lagged behind and left behind in the Stone Age. No progressive country is going to miss a single day to jump into the 5G bandwagon and to shoot to outer space. Yes, every country that wants to run away and be ahead of others would seize on this golden opportunity and leave the 5 eye countries behind suffering under their own misguided and politically motivated lies. It is the kiasu syndrome in action in this chase to be ahead and more advanced than others. Think of driverless cars, smart cities, space communication, super fast global communication networks etc etc and all the new technologies that are in development….
So far only a handful of hardcore die hard countries are willing to miss the Hua Way and sticking to the American Way, to live under the American lie and to live in limbo in an obsolete technology, the 4G, and waiting for a miracle to happen. If the miracle does not come fast, they would be history. The rest of the world that is embracing the Hua Way will race ahead and leapfrog to the next level of technological development and move on.
Time waits for no man. Countries are choosing between the Hua Way of the future and the American Way of the past. Make your choice. There will be two worlds far apart as long as there are substantial number of countries adopting the Hua Way. At the moment this has outnumbered the handful of losers believing in the American Way of obsolescence.
The thing is that Huawei’s 5G technology is real and many times superior to what the Americans, Nokia and Ericsson could offer. No tech company has yet to come near to Huawei’s 5G and they are hoping to catch up in a year or 2, or could be longer. And Huawei’s 5G is the lynch pin to many futuristic technologies that are being developed. Without Huawei’s 5G it is no go.
And 1 or 2 years is a very long time in this field of technology. It could mean make or break, it could mean being lagged behind and left behind in the Stone Age. No progressive country is going to miss a single day to jump into the 5G bandwagon and to shoot to outer space. Yes, every country that wants to run away and be ahead of others would seize on this golden opportunity and leave the 5 eye countries behind suffering under their own misguided and politically motivated lies. It is the kiasu syndrome in action in this chase to be ahead and more advanced than others. Think of driverless cars, smart cities, space communication, super fast global communication networks etc etc and all the new technologies that are in development….
So far only a handful of hardcore die hard countries are willing to miss the Hua Way and sticking to the American Way, to live under the American lie and to live in limbo in an obsolete technology, the 4G, and waiting for a miracle to happen. If the miracle does not come fast, they would be history. The rest of the world that is embracing the Hua Way will race ahead and leapfrog to the next level of technological development and move on.
Time waits for no man. Countries are choosing between the Hua Way of the future and the American Way of the past. Make your choice. There will be two worlds far apart as long as there are substantial number of countries adopting the Hua Way. At the moment this has outnumbered the handful of losers believing in the American Way of obsolescence.
1/24/2019
CPF - How bad you have been had
For quite some time I have been silent on the CPF and so were many social media contributors. But silence is not consent, silence is not appeasement, and silence is not giving up. The danger of being silent is that some in power would say, see no more complains, so the people must be happy, the people have accepted it.
Just to recap how bad your CPF money has become, how you have been had, remember the NMP woman happily chirped that CPF is not your money, and how the house roared and clapped in approval? This was music to their ears. And this is want they want to hear, want the people to concede and give up their CPF savings, not the people's money, not the money of the people and their employers that contributed to it.
From its original conception and terms, the CPF savings must be returned to the contributor when he reaches the age of 55. Period. The condition was so simple, clean and clear. See how far the terms and conditions have changed and how far you have been had here.
1. You cannot have your money at age 55. This has been extended to age 65.
2. Latest, a letter from CPF extends the age of withdrawal to 70 if you did not read the letter carefully, did not receive the letter, did not know how to read or somehow miss this letter and did not reply.
3. And if the CPF returns your money, it would be in drips and draps, by instalments up to 80 or 90 years or when there is still money left, whichever is later.
4. Before you are allowed to touch your money, there are compulsory insurance schemes that you did not agree to pay for, ie CPF Life, Medishield Life, Eldershield Life and akan datang, CareShield Life. And this is not the end of compulsory insurance schemes if you can trust the clowns.
5. You have to set aside Minimum Sum to the tune of more than a hundred thousand dollars despite paying CPF Life premium.
6. You have to set aside Minimum Sum for Medisave despite paying premium for Medishield Life.
7. For those who are already qualified to withdraw your CPF savings, if you sell your HDB flats or property you have to repay the interest on your housing loans and the money tangkap again to top up your Minimum Sum. Wait a minute, aren't CPF your money and you are already past the withdrawal age of 55, why still must contribute and money tangkap in CPF?
8. And if you are still employed, self employed, way past the withdrawal age, you still have to contribute to CPF. Holy shit, dying old folks working way past retirement age, can die any moment, still must contribute to CPF! 100 year olds or more also must contribute to CPF!
9. And for those who were CONvinced to opt for higher interest rate, the CPF balance when they died would be transferred to their beneficiary's CPF accounts, not pay out in cash.
10. If you did not indicate that your beneficiary should received in cash on your demise, the money would not be paid out immediately in cash but transferred to their CPF accounts and subject to all the tangkap rules and terms.
Whew, there could be a few more for your own good new rules and terms that I may have missed out. But the above 10 items are suffice to let you know how you have been had when the original contractual agreement was to return everything at 55.
Singaporeans must be thankful and grateful for having such caring and thoughtful politicians to take care of them and their CPF money. Did they say you don't need enemies if you have such good and caring friends? Always thinking, planning and scheming on how to take care of you and your CPF money. Don't forget how much is sucked away by affordable and subsidised HDB flats.
PS. How many people would have been dead at the age of 60, 65, 70 and so on? What is the point of having so much money locked up by the govt in the CPF when one is dead?
Just to recap how bad your CPF money has become, how you have been had, remember the NMP woman happily chirped that CPF is not your money, and how the house roared and clapped in approval? This was music to their ears. And this is want they want to hear, want the people to concede and give up their CPF savings, not the people's money, not the money of the people and their employers that contributed to it.
From its original conception and terms, the CPF savings must be returned to the contributor when he reaches the age of 55. Period. The condition was so simple, clean and clear. See how far the terms and conditions have changed and how far you have been had here.
1. You cannot have your money at age 55. This has been extended to age 65.
2. Latest, a letter from CPF extends the age of withdrawal to 70 if you did not read the letter carefully, did not receive the letter, did not know how to read or somehow miss this letter and did not reply.
3. And if the CPF returns your money, it would be in drips and draps, by instalments up to 80 or 90 years or when there is still money left, whichever is later.
4. Before you are allowed to touch your money, there are compulsory insurance schemes that you did not agree to pay for, ie CPF Life, Medishield Life, Eldershield Life and akan datang, CareShield Life. And this is not the end of compulsory insurance schemes if you can trust the clowns.
5. You have to set aside Minimum Sum to the tune of more than a hundred thousand dollars despite paying CPF Life premium.
6. You have to set aside Minimum Sum for Medisave despite paying premium for Medishield Life.
7. For those who are already qualified to withdraw your CPF savings, if you sell your HDB flats or property you have to repay the interest on your housing loans and the money tangkap again to top up your Minimum Sum. Wait a minute, aren't CPF your money and you are already past the withdrawal age of 55, why still must contribute and money tangkap in CPF?
8. And if you are still employed, self employed, way past the withdrawal age, you still have to contribute to CPF. Holy shit, dying old folks working way past retirement age, can die any moment, still must contribute to CPF! 100 year olds or more also must contribute to CPF!
9. And for those who were CONvinced to opt for higher interest rate, the CPF balance when they died would be transferred to their beneficiary's CPF accounts, not pay out in cash.
10. If you did not indicate that your beneficiary should received in cash on your demise, the money would not be paid out immediately in cash but transferred to their CPF accounts and subject to all the tangkap rules and terms.
Whew, there could be a few more for your own good new rules and terms that I may have missed out. But the above 10 items are suffice to let you know how you have been had when the original contractual agreement was to return everything at 55.
Singaporeans must be thankful and grateful for having such caring and thoughtful politicians to take care of them and their CPF money. Did they say you don't need enemies if you have such good and caring friends? Always thinking, planning and scheming on how to take care of you and your CPF money. Don't forget how much is sucked away by affordable and subsidised HDB flats.
PS. How many people would have been dead at the age of 60, 65, 70 and so on? What is the point of having so much money locked up by the govt in the CPF when one is dead?
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