MAS's survey foresee sub-prime troubles?
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Despite all the big talking, 2 questions remain
1) Why did Atobe make the below statement?
""If EVERYTHING is converted to US$ and lumping it back into the US$ Reserves - should we not take it at the face value of what your favorite Government has done by using the US$ as the common comparative denominator for all nations as recognised by the IMF ?""
2) Is Atobe is supportive of M13 statement? If not why Atobe keep smelling the sheep's arse?
"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$. "" -
A Gazelle appealing for support from the wider audience whom you accuse of being SHEEP ?
You cannot even read what others have posted and will blindly barge into someone else's point of view ?
Did you make any serious attempt to understand fully what has been posted by m13; and if my effort in explaning his position still cannot fall on your imagination for you to ask the obvious question if I am supporing m13 - it clearly tell us your mind is already preoccupied with your sniffing fetish.Originally posted by Atobe: 14 August 2007 01.11 PM
[Quote] : Originally posted by Gazelle: 14 August 2007 12.33 PM
Atobe, do you agree that US$138b Singapore reserves are all in US$?
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Do you know how to read what m13 has written ?
Is it not in your usual anxiety to sniff out all the wrongs by reading things the way you sniffed it out ?
You should learn how to differentiate the many nuances with each sniff - surely you must be an expert sniffer by now ?
[Quote] : Originally posted by Gazelle: 14 August 2007 12.32 PM
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$.
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Do you even know where you are heading with your argument after going one whole circle ?
If EVERYTHING is converted to US$ and lumping it back into the US$ Reserves - should we not take it at the face value of what your favorite Government has done by using the US$ as the common comparative denominator for all nations as recognised by the IMF ?
What is the beef that you are trying to sniff at, and which m13 had tried to make clear in his own way to simplify things for your perversely cynical mind that seem to be haunted by SHEEP ?
Try reading m13's post again and you see if you are not indulging in useless debate with your own skewed interpretation of his post - simply to prove your worthless opinions which no one will even take a first sniff at ?
Have you been losing counts of your ewes in trying to overcome your insomnia ?
[Quote] : Originally posted by maurizio13: 14 August 2007 11.27 AM
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.
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[Quote] : Originally posted by Gazelle: 13 August 2007 - 11.03 PM
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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Is it not your own dumbness to interprete m13's post in the manner of your OWN understanding of what he has written ?
Shoule we believe your clever interpretation of what m13 intend to mean by your own opinion that ''gold is not peg to the US$'', or what did you actually intend to mean ? -
SHEEP,
I dont really quite understand why you are quoting all that BS without answers to my question?
1) Are you saying that your wrote this
"If EVERYTHING is converted to US$ and lumping it back into the US$ Reserves - should we not take it at the face value of what your favorite Government has done by using the US$ as the common comparative denominator for all nations as recognised by the IMF?"
because I a wrote this
"The reason why it is 1.51 is because, everything, except the US$ reserves will be converted to S$ value before converting to US$."
2) Atobe, are you saying is that value of GOLD is peg to the value of US$?
3) You havenÂ’t answer my question if agree to M13Â’s statement that Singapore US$ reserves is US$138b? -
Gazelle,
So....., did you come up with anything concrete to counter my data?
Or
Are you sidetracking from the main issue again? -
Some Gazelle are simply dumb, others who are smarter have always managed to survive - did you not watch Discovery Channel, or National Geographic, or even the Animal World ?
Only a 4-legged Gazelle will seek out the company of SHEEP and when none are found, they will see SHEEP everywhere ?
Too much sheep will make you suffer from insomnia and lead to an inability to read or comprehend what you have read.
Is there anything similar to what I have written and your approach ?Originally posted by Gazelle:SHEEP,
I dont really quite understand why you are quoting all that BS without answers to my question?
1) Are you saying that your wrote this
"If EVERYTHING is converted to US$ and lumping it back into the US$ Reserves - should we not take it at the face value of what your favorite Government has done by using the US$ as the common comparative denominator for all nations as recognised by the IMF?"
because I a wrote this
"The reason why it is 1.51 is because, everything, except the US$ reserves will be converted to S$ value before converting to US$."
Do you feed your mouth with the spoon going straight from the plate to your mouth, or do you habitually extend your arm through your legs and then bring the spoon to your mouth ?
On what clever basis do you believe that what you have written is correct ?
How is GOLD traded internationally ?
2) Atobe, are you saying is that value of GOLD is peg to the value of US$?
Have you noticed that when the US$ weakens, prices of GOLD will rise ?
Surely as a self-acclaimed financial economist you can sniff out the significance in the relationship between the US$ and GOLD - unless your economic credentials is that of a study in Home Economics ?
Are you looking for some help ?
3) You havenÂ’t answer my question if agree to M13Â’s statement that Singapore US$ reserves is US$138b?
What make you think that M13 statement is in error ? -
SHEEP,
You below statement definitely contradict M13 statement of saying that Singapore US$ reserve is US$ 138b. As you have mentioned, (maybe after doing some research) that the value of gold is different from value of US$.
So my question to you again. Do you agree with M13 earlier statement of saying that Singapore UNITED STATES DOLLAR Reserves is US$ ONE HUNDRED AND THIRTY BILLION DOLLARS?
""How is GOLD traded internationally ?
Have you noticed that when the US$ weakens, prices of GOLD will rise ?
Surely as a self-acclaimed financial economist you can sniff out the significance in the relationship between the US$ and GOLD - unless your economic credentials is that of a study in Home Economics ?"""
Btw, I am glad that you are starting to admit that you are a SHEEP -
Gazelle,
Aiyo!
Sidetrack by nitpicking on extremely minor issues.
Can you tell me what is the amount of US$ holdings of Singapore according to the US Treasury?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$138b and it can consist of multiple currencies and gold which are not peg to the US$.
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Just in case you want to say all of Singapore's Foreign Reserves are in Gold.
Singapore's Gold Reserves is small compared to it's US$ holdings.
US$21,484,662 = 1 tonne of gold
Singapore's Official Gold Reserves 127.4 tonnes:
US$21,484,662 X 127.4 tonnes = US$2,737,145,968 (approx. US$2.7 billions)
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M13 is so dumb to actually help me proof him wrong for making the below statement.
"Our US$ 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$. ""
What a SHEEP!! -
Originally posted by Gazelle:
Either your eyes are screwed or your brains is.
M13 is so dumb to actually help me proof him wrong for making the below statement.
"Our [b]US$ 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$. ""
What a SHEEP!!
[/b]
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Even your fellowSHEEP who is willing to smell your arse has refuses to support your statement.Originally posted by maurizio13:Either your eyes are screwed or your brains is. -
Poor Gazelle, wake up so early and click on to Speaker's Corner only to face a rude shock and can only respond with blood pressing into the eyeballs and squeezing the small brains into a smaller cavity.
SHEEP..... did you continue to count sheep even when you no longer intend to sleep ?
Or has the word become so enamoured into your sub-conscience - that you see SHEEP each time your blood pressure shoots up ?Originally posted by Gazelle:
SHEEP,
You below statement definitely contradict M13 statement of saying that Singapore US$ reserve is US$ 138b. As you have mentioned, (maybe after doing some research) that the value of gold is different from value of US$.
So my question to you again. Do you agree with M13 earlier statement of saying that Singapore UNITED STATES DOLLAR Reserves is US$ ONE HUNDRED AND THIRTY BILLION DOLLARS? [/quote]
''.... definitely...?''
You cannot even read a Thread Starter's post on a very simple topic concerning -
''Golden Period ? - Suicide figures up - 419 deaths last year''
- which I exposed the stupidity of a Gazelle blind charge to dismiss the Thread Starter's effort - can you handle such a complex issue ?
Do you have enough on your cards to call my bluff ?
Do you have anything in your credibility account left to see this poker game through, or will you simply walk away like in all the threads ?
Do you know enough of what you are talking in this blind challenge to m13 position ?
Did you not know how to read and compare what I have quoted for you - which you simply dismiss due to you own inability to digest anything longer than a few words that make a nonsensical sentence ?Originally posted by maurizio13: 14 August 2007 11.27 AM
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.Originally posted by Gazelle: 13 August 2007 - 11.03 PM
If you think that you are more clever than m13 in trying to interprete what m13 has written - did you understand him correctly first, or did you simply jump into something based on your own total misunderstanding of the concept behind what is being said, or are you approaching m13 piece based on a totally different argument that should have been made on another planet based on your own preferred subject of understanding and interpretation ?
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$138b and it can consist of multiple currencies and gold which are not peg to the US$.
Were you stating something from your own interpretation, or were you TRYING to interprete what m13 was writing in this line :
''when you say that Singapore Reserve stood at US$138b, it means that it is the equivalent of US$138b......'' ?
Are you not indulging in LPPL talk ?
Do you know enough of what m13 is writing based on your stupendously miniscule display of what you actually superficially know about a Nation's Financial Report ?
[quote]continuing post by Gazelle:
""How is GOLD traded internationally ?
Have you noticed that when the US$ weakens, prices of GOLD will rise ?
Surely as a self-acclaimed financial economist you can sniff out the significance in the relationship between the US$ and GOLD - unless your economic credentials is that of a study in Home Economics ?"""
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Btw, I am glad that you are starting to admit that you are a SHEEP
Is this a reply ?
Is this the best reply you can respond with to what I have written to your challenge about ''YOUR Gold being pegged to the US$'' ?
How does my reply correspond to your obsession with the word ''SHEEP'' ?
Have you been sniffing too much with the abundant supply from the vending machine that I gave you ?
Or did the vending machine run out of supply, and leaving you to feel double frustration when the flock of sheep have also gone out of sight - leaving you alone without the ewes that you have been sniffing with horny interests ?
Too bad, it looks like the sea gulls have also abandoned you too ? -
SHEEP,
You are again going in circles, messing up the whole discussion just to avoid those question isnt it?
Nvm lah...I think I have written enough to expose your BS in this forum.
Cheers!! -
Originally posted by Gazelle:
To begin with, was it not your own poor attempt at understanding what others have written and messed the thread up with your own LPPL thinking ?
SHEEP,
You are again going in circles, messing up the whole discussion just to avoid those question isnt it?
Nvm lah...I think I have written enough to expose your BS in this forum.
Cheers!!
Too much sniffing at everyone will tear the tissues in you nose and your brains, that lead us to wonder if we should be surprised that you will end up being deluded with your vision of the SHEEP that is closer to total infatuation ?
Do we expect anything more from an impotent Gazelle that needs to sniff at everyone ?