Are foreigners pulling money out of Singapore banks?
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we now all know that all these figures cannot gurantee foods on the
table or a good life for people,if u cook the books or
earn money not in a proper way.
16Iceland is the good example.The value of currency reflects the relative
strength of two countries.
In 1984,RM 100 can buy S$91.In these few years,RM 100
can only buy S$41 to 45---Depreciation of about 100%,same as Australia dollars!!
year......S$ Per 1 Australian Dollar......S$ Per RM$1
1984...................1.95...................................0.91
2009,,,,,,,,,,,,,,,,,,1.00...................................0.43
u can see from here that the trend is gradually.
https://secure.sgs.gov.sg/apps/msbs/exchangeRatesDisplay.jsp?tableName=exchangeRatesForm.jsp&startYear=1984&startMonth=00&endYear=2009&endMonth=11&frequency=M&displayType=Table&columns=04&columns=14&columns=21
@@@@@@@@
i can stop u to think that Oz can go back to 1.3 to S$.
I dunt have crystal call.I only surf their medias daily to feel the pulse!!
I dunt know why Oz need the PM Rudd and the Treasuer announce the
A$42 b package on their official web site.
Is there supposed one source of information.
Who is the IC?
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Originally posted by walesa:
So why did your beloved regime move to guarantee all non-FI bank deposits with their sacred reserves until 2010 after Hong Kong had made the same guarantee just shortly before?
Similarly, was it sheer coincidence that this regime had, for a long time, been pegging its corporate tax rate to Hong Kong's level?
I guess it must have been nothing but a benevolent act of charity, eh?
from another point of view,u can say HK lack confidences!!
Corporate tax----can u think for a while why SG can afford to do this?
Part of the reason is GST!!
U need many stuff to attract local and foreign businessmen to stay.
People only loyal to profits,so to speak!!
i think u also think for your own interst first,Right?
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wat is the meaning of this table?
year......S$ Per 1 Australian Dollar......S$ Per RM$1
1984...................1.95...................................0.91
2009,,,,,,,,,,,,,,,,,,1.00...................................0.43
If u bought a house in Oz in 1984 for A$150,000(S$292,500).
Now u sell it at A$ 300,000 and convert back to S$.
u now get $300,000 only!Appreciation and depreciation.
Before u choose a right currecny,Choose a right country first.
If u find or pick a right country,the currency wil not go too bad,
in long term.
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Originally posted by lionnoisy:
my englissh is not very good.So i jus put facta nd figures.
Unlike u guys can write really damn good.u can say so many empty words.
Yes,empty words.
WTF foreigners are pulling money out of money?
Did we have to nationalise banks?
Does SG have to ask a cdreidt line from the impotent WB and IMF,
which are supposed to supervise world economy?
Did World bank or IMF give lessons to UK USA abt credit crunch,sub prime
in after the crisis floating to surface?
NO.Reasons is the CEO are controlled by UK and USA or are just American
or British!!
i have yet seen IMF boss supervising USA President and UK PM
to sign reform document like this----
''The image shows former Indonesian President Suharto signing a letter of agreement as IMF Director-General Michel Camdessus looked on. The letter spelled out major reforms and austerity measures linked to a massive bailout of the Indonesia economy. It kaboomed and Suharto became history soon after.''
This is a good reminder.
I remember during the financial crisis in 97, when HK government came into the market to intervene, the western economists quickly came out to say "let the market forces work"; and Mahathir, for once in his lifetime, did one good and right thing for the Malaysians, and a good lesson for all Asians, he imposed currency control and disallowed the international funds from coming to exploit the weak economy.
Now we see the US and UK government coming in to intervene in the market in gigantic scale, we see tax payers money being used to pay for the greedy wall streets CEO, we see young americans incurring heavy debts even before they reach 30. Talk about hypocricy, double standard.
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Originally posted by lionnoisy:
we now all know that all these figures cannot gurantee foods on the
table or a good life for people,if u cook the books or
earn money not in a proper way.
16Iceland is the good example.The value of currency reflects the relative
strength of two countries.
In 1984,RM 100 can buy S$91.In these few years,RM 100
can only buy S$41 to 45---Depreciation of about 100%,same as Australia dollars!!
year......S$ Per 1 Australian Dollar......S$ Per RM$1
1984...................1.95...................................0.91
2009,,,,,,,,,,,,,,,,,,1.00...................................0.43
u can see from here that the trend is gradually.
https://secure.sgs.gov.sg/apps/msbs/exchangeRatesDisplay.jsp?tableName=exchangeRatesForm.jsp&startYear=1984&startMonth=00&endYear=2009&endMonth=11&frequency=M&displayType=Table&columns=04&columns=14&columns=21
@@@@@@@@
i can stop u to think that Oz can go back to 1.3 to S$.
I dunt have crystal call.I only surf their medias daily to feel the pulse!!
I dunt know why Oz need the PM Rudd and the Treasuer announce the
A$42 b package on their official web site.
Is there supposed one source of information.
Who is the IC?
You are damn good at telling history and propaganda history at that!
Let's see, I said in July 2007 (07 Jun `08, 3:55AM) that Singapore will see a serious economic crisis and according to your type of logic, it is not possible and you churn out some propaganda.
What is the use of the propaganda? Anyone that listened to your propaganda in JULY 2007 would have been a fool. As you can see we are indeed in a serious economic crisis and stocks, properties, COE prices have fallen.
So now I say, HOARD YOUR MONEY IN FOREIGN CURRENCIES and you come up with some propaganda... and what good will your propaganda do, make fools out of people again?
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Originally posted by AndrewPKYap:
You are damn good at telling history and propaganda history at that!
Let's see, I said in July 2007 (07 Jun `08, 3:55AM) that Singapore will see a serious economic crisis and according to your type of logic, it is not possible and you churn out some propaganda.
What is the use of the propaganda? Anyone that listened to your propaganda in JULY 2007 would have been a fool. As you can see we are indeed in a serious economic crisis and stocks, properties, COE prices have fallen.
So now I say, HOARD YOUR MONEY IN FOREIGN CURRENCIES and you come up with some propaganda... and what good will your propaganda do, make fools out of people again?
ok ok u are right in the past 2 years.I still have 200% in SG and S$.
Have u renounce your SG citizenship to get all CPF?
Which currency u suggest today?Oz pounds,yen RM....?
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Originally posted by lionnoisy:
ok ok u are right in the past 2 years.I still have 200% in SG and S$.
Have u renounce your SG citizenship to get all CPF?
Which currency u suggest today?Oz pounds,yen RM....?
I asked people to talk to their financial advisors (talk to a advisors) did I not? So you should do the same. This is not a simple issue, when it comes to currencies. It is just clear that the SGD will sink, with such dishonorable despots in power, but you dont want to end up with a currency that will sink even more so talk to your financial advisors and look at your own portfolio.
As you know (if you refer to the earlier pages in this thread) I was into Jap Yen and Thai Baht but that is because I have business dealings in Thai Baht and Japanese Yen. If you look at the charts SGDTHB and SGDJPY I have provided, it was a brilliant move, if I do say so myself.
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Originally posted by lionnoisy:
from another point of view,u can say HK lack confidences!!
Corporate tax----can u think for a while why SG can afford to do this?
Part of the reason is GST!!
U need many stuff to attract local and foreign businessmen to stay.
People only loyal to profits,so to speak!!
i think u also think for your own interst first,Right?
So are you saying your beloved regime lacks even more confidence since they need to take their cue from Hong Kong in formulating their own policies?
Does it even make sense to you?
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SGD bounced up on the Jinxed stepping down from Temasek.... hahahaha... What a Hole, what Jinx...
SGDJPY
SGDTHB
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oops sori, eh..eh just bumping up my Uncle thread...up
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Originally posted by AndrewPKYap:
I asked people to talk to their financial advisors (talk to a advisors) did I not? So you should do the same. This is not a simple issue, when it comes to currencies. It is just clear that the SGD will sink, with such dishonorable despots in power, but you dont want to end up with a currency that will sink even more so talk to your financial advisors and look at your own portfolio.
As you know (if you refer to the earlier pages in this thread) I was into Jap Yen and Thai Baht but that is because I have business dealings in Thai Baht and Japanese Yen. If you look at the charts SGDTHB and SGDJPY I have provided, it was a brilliant move, if I do say so myself.
Hi AndrewPKYap, I've been long gold for a while. Too difficult to guess which currencies will be safe. If the world financial market comes apart, gold is the only guaranteed safe haven.
Unfortunately, bloody 7% GST makes investment in physical gold really expensive. If shit really hits the fan, lots of Singaporeans will be without a safety net and lose their hard earned savings to hyperinflation.
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Originally posted by Panache1976:
Hi AndrewPKYap, I've been long gold for a while. Too difficult to guess which currencies will be safe. If the world financial market comes apart, gold is the only guaranteed safe haven.
Unfortunately, bloody 7% GST makes investment in physical gold really expensive. If shit really hits the fan, lots of Singaporeans will be without a safety net and lose their hard earned savings to hyperinflation.
Right. Except that in addition to the 7% GST, there is the spread (difference between the buying and selling price), and carrying cost (opportunity cost from the interests you would have earned).
*sigh* yes many singaporeans are woefully unprepared.
Better HOARD your money, clear as much debt as possible, and convert at least a portion into foreign currencies, currencies of much bigger countries and those that are self sufficient and with little debt and some into gold.
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wow, now the markets are realising what a basket case this depot run, propaganda satuarated, dogs and silliporeans packed country this is!
Hang Seng Index13747.78+92.74ST Index 1,696.36 -18.99Continue to be prepared for the downfall of Singapore
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Originally posted by AndrewPKYap:
wow, now the markets are realising what a basket case this depot run, propaganda satuarated, dogs and silliporeans packed country this is!
Hang Seng Index13747.78+92.741,696.36 -18.99Continue to be prepared for the downfall of Singapore
me no investment, also cannot invest, downfall or upfall olso non of my business,...sori, just to bump up yr thread...hmmm...invest in China equity better -