MAS's survey foresee sub-prime troubles?
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Cat got your tongue?
Ooops.....should be.......
Panties got your tongue?
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Originally posted by maurizio13:
As you can see, this dick head M13 is trying to twist and turn facts again.
Also take note of the MAS annual report 2007, our "Gold and Foreign Exchange" is SG$208,202.1 millions and the "Total Foreign Reserves" US$137,735.7. If you multiply the US$137,735.7 by the exchange rate US$1 = SG$ 1.51, you get the SG$208,202.1 in "Gold and Foreign Exchange" which means that the majority of our reserves in "Gold and Foreign Exchange" is in US dollars (which might include US treasury bills, US bond, US equities, etc).
The annual report from MAS states "Gold and [b]Foreign Exchange" at SG$208 billions, if it was held in other currencies, then you won't get a perfect exchange rate figure of US$1 = SG$1.51 when you divide SG$208,202.1 by US$137,735.7.
Do the maths and tell me the answer. [/b]
This is what he posted earlier.
Our US$ reserves held by MAS stood at US$ 138 billion as on March 2007. FYI, US is one of Singapore's major trading partners, what better currency to hold than US$.
This is classic example why I say that he is one of the worst accountant you can find in this planet.
Obviously the only people that is going to try defend him will be the SHEEP. -
M13, are you hidding under the skirt again?
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Do you have any constructive comments regarding the Monetary Authority of Singapore's (MAS) annual report under the heading "Gold and Foreign Exchange" and the make up of those figures are US$ assets?Originally posted by Gazelle:M13, are you hidding under the skirt again?
Any proof to back up whatever you are trying to disprove?
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obviously M13 is so dumb to understand that when you say US Dollar Reserve, that mean that everything is in US$. However when you say that Singapore Reserve stood at US$138b, it means that it is the equivalent of US$138b and it can consist of multiple currencies and gold which are not peg to the US$.
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Where's your proof to substantiate your logic?Originally posted by Gazelle:obviously M13 is so dumb to understand that when you say US Dollar Reserve, that mean that everything is in US$. However when you say that Singapore Reserve stood at US$138b, it means that it is the equivalent of US$138b and it can consist of multiple currencies and gold which are not peg to the US$.
I am sure it's easy to prove if it's true; or are you just speculating. -
M13, please STOP giving us all that BS numbers if you dont even have a clue what you are talking about. My concern here is that many SHEEP in this forum would believe you just because you are a SHEEP.Originally posted by maurizio13:Where's your proof to substantiate your logic?
I am sure it's easy to prove if it's true; or are you just speculating.
Prove? You should prove yourself what you said that majority of our reserves are in US$, just because S$/US$ = 1.51...BULL CRAP!!! -
If it's in other currencies, they would have put GBP, JPY, DEM, AUD and EUR, instead they chose to only put USD under the constituent of "Gold and Foreign Exchange".Originally posted by Gazelle:M13, please STOP giving us all that BS numbers if you dont even have a clue what you are talking about. My concern here is that many SHEEP in this forum would believe you just because you are a SHEEP.
Prove? You should prove yourself what you said that majority of our reserves are in US$, just because S$/US$ = 1.51...BULL CRAP!!!
Moreover if it's in other currencies, the division of the numbers SGD 208,202.1 / USD 137,735.7 would not have given you USD 1 = SGD 1.51, due to the bid-ask spread when you convert from other currencies to USD.
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It is simply characteristic of Gazelle to see everything as BS, whenever he cannot argue himself from a dead-end.Originally posted by maurizio13:If it's in other currencies, they would have put GBP, JPY, DEM, AUD and EUR, instead they chose to only put USD under the constituent of "Gold and Foreign Exchange".
Moreover if it's in other currencies, the division of the numbers SGD 208,202.1 / USD 137,735.7 would not have given you USD 1 = SGD 1.51, due to the bid-ask spread when you convert from other currencies to USD.
His problem is sniffing too much at too many people, and will simply get a high even from 'loose wind'.
His mood swing range from being an infantile to a sexual deviant as expressed in his choice of words that showcase his expert sexual fantasies - that probably was driven from some exotic high with a pad stuck to his favorite fabric.
Why will the Gazelle be infatuated with the word 'Sheep' ?
It must be due to the tolerance of the Sheep towards the gazelle frequent habit of sniffing at everything. -
Originally posted by Atobe:It is simply characteristic of Gazelle to see everything as BS, whenever he cannot argue himself from a dead-end.
His problem is sniffing too much at too many people, and will simply get a high even from 'loose wind'.
His mood swing range from being an infantile to a sexual deviant as expressed in his choice of words that showcase his expert sexual fantasies - that probably was driven from some exotic high with a pad stuck to his favorite fabric.
Why will the Gazelle be infatuated with the word 'Sheep' ?
It must be due to the tolerance of the Sheep towards the gazelle frequent habit of sniffing at everything.
Don't understand these people, they don't come up with any evidence to support their claims, then they proceed to say it's all BS. They don't even come up with any logical explanation. -
I don't understand. The news of possibility of subprime have been reported way before and by April 2007 it is already next to happening. A survey is fine, but why take credit and boast that you know beforehand for something like this, out of the blue?
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lionnoisy wants to exalt our benevolent fascist, even if it's some remotely linked events, he will try to attribute the event(s) as the great foresight of our benevolent fascist.Originally posted by ^tamago^:I don't understand. The news of possibility of subprime have been reported way before and by April 2007 it is already next to happening. A survey is fine, but why take credit and boast that you know beforehand for something like this, out of the blue?
There were loads of economist who forecasted the event way before our beloved minister gave his insights. Frankly, I don't think our Ministers are all that proficient in economics, moreover, they do not have the time to do the analysis given their tight hip hop dancing schedule. -
sounds so North Korea.Originally posted by maurizio13:lionnoisy wants to exalt our benevolent fascist, even if it's some remotely linked events, he will try to attribute the event(s) as the great foresight of our benevolent fascist. -
So where is the proof that I am BS?Originally posted by Gazelle:M13, please STOP giving us all that BS numbers if you dont even have a clue what you are talking about. My concern here is that many SHEEP in this forum would believe you just because you are a SHEEP.
Prove? You should prove yourself what you said that majority of our reserves are in US$, just because S$/US$ = 1.51...BULL CRAP!!!
Kindly prove me wrong, I am waiting for a good discourse on the subject -
We are not too far behind North Korea, according to a survey done by World Audit.Originally posted by ^tamago^:sounds so North Korea.
http://politics.sgforums.com/?action=thread_display&thread_id=265491 -
I think only dumb people will expect a government to disclose the details of the foreign currency reserve.Originally posted by maurizio13:If it's in other currencies, they would have put GBP, JPY, DEM, AUD and EUR, instead they chose to only put USD under the constituent of "Gold and Foreign Exchange".
Moreover if it's in other currencies, the division of the numbers SGD 208,202.1 / USD 137,735.7 would not have given you USD 1 = SGD 1.51, due to the bid-ask spread when you convert from other currencies to USD.
The reason why it is 1.51 is because, everything, except the US$ reserves will be converted to S$ value before converting to US$. -
Atobe, do you agree that US$138b Singapore reserves are all in US$?Originally posted by Atobe:It is simply characteristic of Gazelle to see everything as BS, whenever he cannot argue himself from a dead-end.
His problem is sniffing too much at too many people, and will simply get a high even from 'loose wind'.
His mood swing range from being an infantile to a sexual deviant as expressed in his choice of words that showcase his expert sexual fantasies - that probably was driven from some exotic high with a pad stuck to his favorite fabric.
Why will the Gazelle be infatuated with the word 'Sheep' ?
It must be due to the tolerance of the Sheep towards the gazelle frequent habit of sniffing at everything. -
proving you wrong is as simple as ABC.Originally posted by maurizio13:So where is the proof that I am BS?
Kindly prove me wrong, I am waiting for a good discourse on the subject -
Is it?Originally posted by Gazelle:I think only dumb people will expect a government to disclose the details of the foreign currency reserve.
The reason why it is 1.51 is because, everything, except the US$ reserves will be converted to S$ value before converting to US$.
Do elaborate more, I am all ears.
Why don't you think that government won't disclose details of our foreign currency reserves? Any particular reason? -
Prove to me then?Originally posted by Gazelle:proving you wrong is as simple as ABC.
Don't be all talk and no action.
Prove to me!
I am waiting.
If you don't have the facts, don't say my FACTS are bull sh|t!!!
Don't get your panties into a wad!!!
I know you don't have the brains to prove me wrong. -
http://en.wikipedia.org/wiki/Foreign_exchange_reservesOriginally posted by maurizio13:Is it?
Do elaborate more, I am all ears.
Why don't you think that government won't disclose details of our foreign currency reserves? Any particular reason?
""These are assets of the central banks which are held in different reserve currencies such as the dollar, euro and yen, and which are used to back its liabilities, e.g. the local currency issued, and the various bank reserves deposited with the central bank, by the government or financial institutions""
Plus, do you expect the government is so stupid to put everything in USA when the whole market knows that US is running on trade deficit and central banks in many countries are all shifting aways from US$ reserves?
By disclosing your forex reserves, you will encourage expeculation in S$, which is no good for singapore as stablility is important for trade. -
Those were never fact, they have always been Bull.shi.tOriginally posted by maurizio13:Prove to me then?
Don't be all talk and no action.
Prove to me!
I am waiting.
If you don't have the facts, don't say my FACTS are bull sh|t!!! -
FYI, did this wiki page mention about Singapore??? Or is it a general statement???Originally posted by Gazelle:http://en.wikipedia.org/wiki/Foreign_exchange_reserves
""These are assets of the central banks which are held in different reserve currencies such as the dollar, euro and yen, and which are used to back its liabilities, e.g. the local currency issued, and the various bank reserves deposited with the central bank, by the government or financial institutions""
Plus, do you expect the government is so stupid to put everything in USA when the whole market knows that US is running on trade deficit and central banks in many countries are all shifting aways from US$ reserves?
By disclosing your forex reserves, you will encourage expeculation in S$, which is no good for singapore as stablility is important for trade.
You say they don't disclose their foreign currency reserves, then how do you know that what I state is wrong??? Since you don't know the make up of the foreign currency holdings too. -
You wiki some very general information about central banks with no reference to Singapore whatsoever.
Do you think it's very good evidence? -
If I can proof you wrong, (ie. Singapore reserves are not ALL in US$) are you willing to take a gazelle challenge? ie. to kiss my hairy deer arse and call yourself a stupid piece of sheep?Originally posted by maurizio13:FYI, did this wiki page mention about Singapore??? Or is it a general statement???
Or are you going to hide under the skirt again?