The situation in Europe offers great opportunities to throw in big money to bet big time. It is a once in 50 years opportunity, just like the American financial crisis that became an international financial crisis, and too big to fail banks kept falling one by one.
If I have a lot of money, I too would be very eager to pour some into the big hole and hopefully it will reward with several times the value of the chips. I dare say that with a clear conscience because I will be gambling with my own money and losing my own money. I too will encourage anyone with money to lose to try their luck.
But I would strongly advise against such an act if people are taking charge of national reserves that cannot afford to lose. Banks who are custodians to depositors’ money should also tread very carefully and don’t think it is time to gamble with the money held in trust.
Fund managers are no different but they will take the jump. This is a once in a life time opportunity to strike big time and to lose big time. Losing big time is ok as it is other people’s money that they are gambling with. Go fund managers, go, invest everything you got. If win big, one time bonus will be enough to retire for life. If lose, the worst is to lose the job. But that is also secured by a severance package that will be big enough to retire happily. Nothing to lose really, head, fund managers win, tail, fund managers also win. Only the owners of the money risk to lose their life savings. If I am a fund manager, I will be damn garang in times like this.
6/14/2012
How to be a millionaire in Sin?
Think Bill Gates, Steve Jobs or Mark Zuckerberg. No, they are billionaires, wrong role models. In Sin, there are several easy ways to be millionaires, and don’t take the entrepreneur route. That is too difficult and treacherous and many will fail along the way.
One sure and easy way is to buy a public flat and sit on it. No need to work. Just wait, 10 years, 20 years or 30 years. The price will surely go up. It will definitely go above $1m in time. And there is a luxury of 99 years to wait for it to happen.
The other sure way to becoming a millionaire is to be an employee, a civil servant. Many in the Administrative Service are millionaires many times over. And it is sure and fast. Once one reaches a certain level, in the super scale, one could be a millionaire every year on. That is how easy to be a millionaire as a civil servant.
The other route is to be a politician. This one is even more rewarding. Many of the politicians, even MPs, are multi millionaires in their own right. And if one is senior enough, one could retire and continue to receive millionaire income every year, maybe faster than that without having to work.
Why would anyone want to be an entrepreneur when the success rate is so low? Be an employee, a public employee. Or just buy a public housing flat, and it is a matter of time to become a millionaire. One qualification with regards to this type of millionaires. Many are taking public transport to work not by choice but because they could not afford to buy a car. And many are waiting for govt handouts to make ends need. But is it still a very good feeling to know that one is worth a million in asset terms.
Can anyone understand why the queue to be citizens is getting longer?
One sure and easy way is to buy a public flat and sit on it. No need to work. Just wait, 10 years, 20 years or 30 years. The price will surely go up. It will definitely go above $1m in time. And there is a luxury of 99 years to wait for it to happen.
The other sure way to becoming a millionaire is to be an employee, a civil servant. Many in the Administrative Service are millionaires many times over. And it is sure and fast. Once one reaches a certain level, in the super scale, one could be a millionaire every year on. That is how easy to be a millionaire as a civil servant.
The other route is to be a politician. This one is even more rewarding. Many of the politicians, even MPs, are multi millionaires in their own right. And if one is senior enough, one could retire and continue to receive millionaire income every year, maybe faster than that without having to work.
Why would anyone want to be an entrepreneur when the success rate is so low? Be an employee, a public employee. Or just buy a public housing flat, and it is a matter of time to become a millionaire. One qualification with regards to this type of millionaires. Many are taking public transport to work not by choice but because they could not afford to buy a car. And many are waiting for govt handouts to make ends need. But is it still a very good feeling to know that one is worth a million in asset terms.
Can anyone understand why the queue to be citizens is getting longer?
6/13/2012
Elected MP versus rejected MP
Elected MP of Hougang, Png Eng Huat, will have to seek the support and approval from rejected MP, Desmond Choo, for the housing or upgrading programmes for Hougang residents. The former is elected by the ultimate authority of the country, the people, the real owner of the land. The latter is appointed by a political party that happens to be the Govt of the day.
The title of Desmond Choo is grassroot adviser. Is it a part of the govt? Is Desmond Choo an employee of the govt, earning a salary? Why is a grassroot adviser vested with so much authority over a people’s elected representative? Is this the right or correct way of how democracy should be practised?
In a democracy, it is always of the people, by the people and for the people. The Elected MP is of the people, by the people and working for the people. The rejected MP cannot be of the people and by the people. He is an appointee of the govt in a capacity that is neither an employee nor the govt. I am not very familiar with this thing called grassroot adviser. Why must an elected MP, the people’s representative who earns a right to sit in Parliament, have to seek the approval of a grassroot adviser whose authority lies in where?
What is a grassroot leader? An official or unofficial community leader of the people, by the people or appointed by the govt?
This I really cannot understand.
Nathan Tinkler, the foreign talent Singapore needs
At 36, he is the richest Australian below the age of 40. He is making Singapore his home, to be nearer to his customers. He is one of the few real high net worth people after Jim Roger and Eduardo Saverine to make this island home base.
Tinkler was quoted to have told a journalist who approached him for a story, “You’re a f**king deadbeat, people like me don’t bother with f**king you. You climb out of your bed every morning for your pathetic hundred grand a year, good luck.”
For sure the journalist did not get an apology from him. And Reuben Wang should not feel too bad in such company. As long as Tinkler did not shoot at our minister, I think he should be ok. He needs not adapt to anyone. Sinkies better adapt to him. Singapore loves this kind of foreign talent. Ministers, please stay clear of him. He was a coal miner and you should know what coalminers are.
Someone needs to give him a lesson on social etiquette and decorum in the company of our dear leaders. He will have plenty of opportunities to be in their good company, or even be invited to the Istana. Just hold your cool, mate.
One thing, this guy is real. He doesn’t hide his feelings. He is no hypocrite. Matilah will make a good companion for him, same lingo.
Nordic system not good enough
How can the Nordic system be good enough for Sinkies? Sinkies must not be easily satisfied with any system that money can buy. We must demand the best and must expect the best and nothing else.
The Nordic system is good but not good enough. We have the most talented ministers, paid the world’s highest salaries to match their talents, how can they be expected to deliver less? Let’s not insult our talented ministers by asking for half baked system. We can depend on them for the best system the world can ever had.
Sinkies cannot be shortchanged. Every cent we paid must be matched in quality and value. If Sinkies are willing to pay out of this world salary to their political leaders, it will be daft of them to expect anything less than out of this world quality and system.
In another 10 years or 20 years, Sinkies will get the best system money can buy. Just be patient. The Nordic system is nothing.
6/12/2012
Fuck you! They cheered
.
Was in this nightspot and in the company of many young and beautiful people with a lot of money to burn. Not Holland V for sure. These were the young and upward mobile people, talented, well educated and enjoying life. But listening to their conversation was quite enlightening. They were fucking and fucking at you know who.
This singles were obviously very angry. Of course they were. Several still did not have a place of their own. Single and too rich and not eligible to buy HDB. One confessed he had quite a bundle in his bank account and could afford a private flat. Then his temper shot up. ‘What the fuck must I pay half a million for a shoe box or a million for a private flat. I served my NS, I am supposed to defend and die for this fucking country. And they refused to sell me a HDB. What am I defending for? I am homeless!’
He had many comrades who were in the same shit, and all started, ‘Fuck you, fuck you.’
Some in the group were married. And they too were shouting in chorus, ‘Fuck you, fuck you.’ For they too were not eligible to buy HDB. Too talented and too high an income for their own good. They were victims of their own success. So what it they had served NS and still needed to do reservists? The new citizens are definitely much better off than them without having to do NS and burdened with a life of reservist liabilities. And fuck you, they all cheered.
I share their grievance. I understood, and feel they have every right to fuck the buggers. The people they are fucking deserved to be fucked. No doubt about it. Not a single shred of doubt.
Was in this nightspot and in the company of many young and beautiful people with a lot of money to burn. Not Holland V for sure. These were the young and upward mobile people, talented, well educated and enjoying life. But listening to their conversation was quite enlightening. They were fucking and fucking at you know who.
This singles were obviously very angry. Of course they were. Several still did not have a place of their own. Single and too rich and not eligible to buy HDB. One confessed he had quite a bundle in his bank account and could afford a private flat. Then his temper shot up. ‘What the fuck must I pay half a million for a shoe box or a million for a private flat. I served my NS, I am supposed to defend and die for this fucking country. And they refused to sell me a HDB. What am I defending for? I am homeless!’
He had many comrades who were in the same shit, and all started, ‘Fuck you, fuck you.’
Some in the group were married. And they too were shouting in chorus, ‘Fuck you, fuck you.’ For they too were not eligible to buy HDB. Too talented and too high an income for their own good. They were victims of their own success. So what it they had served NS and still needed to do reservists? The new citizens are definitely much better off than them without having to do NS and burdened with a life of reservist liabilities. And fuck you, they all cheered.
I share their grievance. I understood, and feel they have every right to fuck the buggers. The people they are fucking deserved to be fucked. No doubt about it. Not a single shred of doubt.
Hsien Loong’s speech on growth
Hsien Loong’s speech to the Economic Society of Singapore has attracted critics to question some of the premises that he used. One is the soundness of our SWF and the other, the almost flogged to death horse, the need for more immigrants as the only way for growth.
I read Kenneth Jeyaretnam’s comments on how much was really left in our SWF or the possibility that we don’t really have much money in our reserves. To this I have a simple answer. Our reserves or money available for our SWF is unlimited. Our people will contribute in one way or another to ensure that the funds will always have plentiful of money. The supply is unlimited. Even dictators will be envious of our suppliers of money for our SWF. The people are happily providing the money without complaining or without knowing that they are doing so. Thus they did not even bother to know how much is there or not there. The only thing that needs to worry about is whether the people ended with any money for retirement or hospitalization.
As for more people for more growth, I think the people have not been cooperative, or not listening, or at least the Chinese and Indians. They need to support this policy by increasing the number of headcounts per household. They need to multiply more aggressively, even have more spouses if desperate measures are needed. More spouses, more children, instant growth. And if both can’t work, bring in more foreigners into their homes. The growth formula that is applicable to the country must also be applicable to households as well.
The only catch is that if one has two members living in a 1,000 sq ft flat, having four members will reduce the space per head from 500 sq ft to 250 sq ft. And if there are 10 members, each will only have 100 sq ft and this may impact on the quality of life. Then again it may not be so as some are advocating for smaller units. Dogs being quite comfortable in their little kennels are good examples to emulate. If Sinkies can be convinced to think and live like dogs, then space should not be an issue at all. Just a spot to lie down will be more than adequate.
When the Sinkies are conditioned to accept such quality of living, then having 10 member households would be a normal thing and every household will surely enjoy good growth. And if they want continuous growth then they just have to continuously make more babies to increase the number of people per household.
It is such a simple and logical solution and it is exasperating to find Sinkies unable to grasp such beautiful logic. More heads mean more growth, dummy. The farmers used to share this logic in the farms.
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