Malaysia give their CPF members over 5% interest rate.....
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Whereby our F**King PAP government only give us 2.5% interest rate!!!!And the government even force us to prolong our age to withdraw our CPF money plus forcing us to buy up Life Annuity in future.
All the news that our PAP leaders boosted themselves that Singapore economy is doing well,our GLC companies are making money,and the excuse they given to us that buying Life Annuity is for our own good blah blah blah....All are Bullsh!t!!!!
If the F**King PAP government really so rich,why they didnt give us a much higher CPF interest rate?Why must they keep "inventing" new ways to suck our money?Either the PAP leaders are a bunch of stinggy miser,or our GLC companies are making heavy losses in foreign investment.Choose either one,F**King PAP leaders,both end up proving you guys are a bunch of liers with bad reputation known around the world!!!! -
Since medieval times government have been inventing new ways to cheat the peasants. If you watch some medieval movies, you will notice some of the actors biting the gold coin, this is because whenever the King issues new coin, he adds some other non-precious metals into the coin. Pure gold is very soft, that's why if it yields when you bite, means it's pure gold, if it's very hard, means it has been mixed with other non-precious metals.
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Any prizes for exposing the scam that is in place?
Let's shed further light on this mother of all scams.
Try analysing this state-orchaestrated scam from the perspective of an economist. What you have is effectively a fascist regime that forcibly legitimises its citizenry (and PRs) into providing it with a steady flow of liquidity for investments whose returns do not in any way directly benefit the shareholders (and may I add, the shareholders have no say with regard to how such investments are made). In layman terms(and by most sensible standards), this would effectively be a loan.
However, in the context of this fascist scam, the debtor effectively calls the shots and determines, at its sole discretion, the interest rate it shall pay its debtees without the debtees having a say with regard to either the duration or the terms of the loan. In truth, the period of this brand of enforced loan effectively supercedes that of most government bonds (with few exceptions, most of such bonds last a maximum of 30 years) in the free world, yet generates returns which are woefully inadequate even in comparison with modest bills and notes.
A conservative estimate over the last 7 years of the bills and notes(lasting no more than 10 years) issued by the US Treasury would sensibly yield nothing less than 3.50% (coupon interest rate) on average. (As a matter of fact, Bloomberg's latest figures suggest returns substantially higher than that)
On the basis of that, how anyone can find the fascists' arguments (with regard to generating such pitiful yields for half a lifetime's loan) reasonable is beyond me. Maybe, that's the perfect testament to the merits of having a press ranked 141st for press freedom.
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Originally posted by walesa:
No savy investor would put their money all in bonds. It pays too little.
Any prizes for exposing the scam that is in place? Let's shed further light on this mother of all scams.
Try analysing this state-orchaestrated scam from the perspective of an economist. What you have is effectively a fascist regime that forcibly legitimises its citizenry (and PRs) into providing it with a steady flow of liquidity for investments whose returns do not in any way directly benefit the shareholders (and may I add, the shareholders have no say with regard to how such investments are made). In layman terms(and by most sensible standards), this would effectively be a loan.
However, in the context of this fascist scam, the debtor effectively calls the shots and determines, at its sole discretion, the interest rate it shall pay its debtees [b]without the debtees having a say with regard to either the duration or the terms of the loan. In truth, the period of this brand of enforced loan effectively supercedes that of most government bonds (with few exceptions, most of such bonds last a maximum of 30 years) in the free world, yet generates returns which are woefully inadequate even in comparison with modest bills and notes.
A conservative estimate over the last 7 years of the bills and notes(lasting no more than 10 years) issued by the US Treasury would sensibly yield nothing less than 3.50% (coupon interest rate) on average. (As a matter of fact, Bloomberg's latest figures suggest returns substantially higher than that)
On the basis of that, how anyone can find the fascists' arguments (with regard to generating such pitiful yields for half a lifetime's loan) reasonable is beyond me. Maybe, that's the perfect testament to the merits of having a press ranked 141st for press freedom. [/b]
Average returns in most stock markets would be in the region of 10% returns.
The government has the capacity to pay out 8% (say 10% less 2% admin fees) returns if it chooses to. Simple, as a single investor, your timing if fixed (i.e. if you are 50 y.o., you will only work say another 15 years before you retire). But as a pool of investors or CPF members with differing age bands (i.e. some 21 y.o., 22, 23, 24.......), your timing is varied, so not everybody would want to cash out (retire) at the same time.
It's right that the stock market rises and falls, but in the long run through the highs and the lows, the stock market will trend towards a average return. The government with it's diverse age bands of investors can even out the highs and the lows, because not everybody withdraws at the same time.
The government has the ability to pay out average returns in the stock market, but it chooses not to, instead they just pay out 2.5% and pockets the difference of around 5.5%.
Aren't we Singaporean suckers. -
The point I am trying to make is government bonds (those in the free world) generate, on average, far higher returns than the derisory pittance one gets from this state-orchaestrated scam. I am working on the knowledge that bonds are far less volatile than stocks or any other derivatives or financial instruments. Perhaps, you'd need the educated to figure out how much they have really been shortchanged as apparently, for all the first world education dished out by this regime, not many are equipped with fundamental common sense and acumen to call their bluff.Originally posted by maurizio13:No savy investor would put their money all in bonds. It pays too little.
Average returns in most stock markets would be in the region of 10% returns.
I'm not so much trying to speculate on the merits of which financial instrument being the most viable vehicle around - as a matter of fact, I do that for a living but that's irrelevant to this thread and that's pretty much a story for another day.
Remember you're dealing with a regime that does not believe in social justice.Originally posted by maurizio13:The government has the capacity to pay out 8% (say 10% less 2% admin fees) returns if it chooses to. Simple, as a single investor, your timing if fixed (i.e. if you are 50 y.o., you will only work say another 15 years before you retire). But as a pool of investors or CPF members with differing age bands (i.e. some 21 y.o., 22, 23, 24.......), your timing is varied, so not everybody would want to cash out (retire) at the same time.
It's right that the stock market rises and falls, but in the long run through the highs and the lows, the stock market will trend towards a average return. The government with it's diverse age bands of investors can even out the highs and the lows, because not everybody withdraws at the same time. In other words, it's every man for himself - so how could you even dream of these despots subscribing to the notion that different people would benefit unequally (dependent on when their cash is due)?
This regime has the potential to pay out substantially more - you haven't taken into account the other profits it reaps through its countless indispensable monopolies!Originally posted by maurizio13:The government has the ability to pay out average returns in the stock market, but it chooses not to, instead they just pay out 2.5% and pockets the difference of around 5.5%.
Well, good luck to those affected by this regime's scam and are unable to call their bluff.Originally posted by maurizio13:Aren't we Singaporean suckers. -
Just thought it might be timely to reassess the merits of the state-orchaestrated scam in view of the latest inflationary developments.
With this regime's inflation anticipated to be between 3.5%-4.5% for 2008, the paltry 2.5% returns (on the back of figures from the last 7 years) on the ordinary accounts of the fascist national scam must be doing wonders to help individuals save for retirement... A city of possibilities indeed!