Singapore's People Power
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Did you see anything in the budget that will save the economy? Of course not. As predicted, these dishonorable despots will rather kill off the economy than to let their relatives, cronies and dogs suffer for the sake of the nation.
Any money that they return to you? Three words.... HOARD YOUR MONEY!
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...and send the email encouraging all Singaporeans to do the same.... let their cronies and dogs spend...
Originally posted by AndrewPKYap:Do you see the dishonorable despots lowering HDB rentals? JTC rentals? ERP?
I guess not. They are too dishonorable to do the right thing and they would rather protect the interests of their relatives and cronies (and dogs, so many you see in this forum right here) than look out for the interest of the country.
You know what to do. Take action yourself and encourage your friends to do the same.
Businesses, too, will benefit from lower costs.
send the email:
Look what I found in the internet and I am forwarding it to you and forward it to as many people you know as possible:
Quote:
Singaporeans are now attempting to lower the cost of living here by stopping all spending and cutting down on spending on essentials.
It will benefit the country and Singaporeans at the expense of foreigners.
Do not spend even if you can, hoard your money in this time of uncertainty and do yourself a favour as well. Do this until the cost of living falls significantly. You will benefit from the lower prices if you delay your spending, you will be able to buy more for less later.
Regards
Andrew Yap"
End of quote
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Originally posted by AndrewPKYap:
Did you see anything in the budget that will save the economy? Of course not. As predicted, these dishonorable despots will rather kill off the economy than to let their relatives, cronies and dogs suffer for the sake of the nation.
Any money that they return to you? Three words.... HOARD YOUR MONEY!
They just "wayanging" only lah, andrew. If they are sincere, they should help all categories of people and not just be selective. Bunch of bloody hopeless "eating money" kings and queens.
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Originally posted by AndrewPKYap:
Did you see anything in the budget that will save the economy? Of course not. As predicted, these dishonorable despots will rather kill off the economy than to let their relatives, cronies and dogs suffer for the sake of the nation.
Any money that they return to you? Three words.... HOARD YOUR MONEY!
Keynesien Theory...........
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Originally posted by Chris88110:
Keynesien Theory...........
Don't bother telling that to AndrewPKYap.
He has less intellect than a concrete wall.
You are better off explaining Keynesian Theory to a cow.
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Originally posted by teraexa:
Don't bother telling that to AndrewPKYap.
He has less intellect than a concrete wall.
You are better off explaining Keynesian Theory to a cow.
I gathered about as much -
Originally posted by teraexa:
Don't bother telling that to AndrewPKYap.
He has less intellect than a concrete wall.
You are better off explaining Keynesian Theory to a cow.
If "Keynesian Theory" can work, then USSR would have been the sole super power in this world.... cow.
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Originally posted by Fantagf:
They just "wayanging" only lah, andrew. If they are sincere, they should help all categories of people and not just be selective. Bunch of bloody hopeless "eating money" kings and queens.
err... I was not thinking along the line of "help"... otherwise communism would have succeeded ....
I was thinking more along the lines of undoing their dishonorable acts that damaged and are damaging the economy...
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Bottom line is.... HOARD your money!!!!! and if you are kind to your friends... encourage them to do the same with this revised email:
Hi
Look what I found in the internet:
"Dear Singaporeans
The recent Budget announcement shows that no strategic, fundamental changes will be made to the management of the economy and the main thrust is that money will be thrown into the system.
This will only have a short term effect as obviously you cannot keep throwing money into the system for the long term.
Until you see real, fundamental, strategic changes to the system, you can expect the economy to have a long lasting downturn that when you look back years from now, a deep depression.
The thing to do therefore is to HOARD YOUR CASH and whatever money you have, to remain as CASH and hoard it. If you have non essential assets, it would be better to convert them back to cash.
With regards,
Andrew Yap"
Bottom line is.... HOARD your money!!!!! and if you are kind to your friends... encourage them to do the same and send the revised email.
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Originally posted by AndrewPKYap:
If "Keynesian Theory" can work, then USSR would have been the sole super power in this world.... cow.
If the Keynesian Theory did'nt work, we'd still be in the great depression of the 1930s -
It took a world war to make govts and economist realised the truth of Keynesian theories. After the war, infrastructure were in shambles, govt had to unlock their treasuries and vaults, borrowed and paid to rebuilt their cities.
It created jobs and ever since then, Keynesian methods had always worked despite hiccups now and then, and will continue to work.
Surely Uncle Andrew does not want another world war to be convince of Keynesian theory? -
Originally posted by Chris88110:
If the Keynesian Theory did'nt work, we'd still be in the great depression of the 1930sOriginally posted by xtreyier:It took a world war to make govts and economist realised the truth of Keynesian theories. After the war, infrastructure were in shambles, govt had to unlock their treasuries and vaults, borrowed and paid to rebuilt their cities.
It created jobs and ever since then, Keynesian methods had always worked despite hiccups now and then, and will continue to work.
Surely Uncle Andrew does not want another world war to be convince of Keynesian theory?That kind of analysis is called "ivory tower" thinking.
You need to look at each situation and apply theories accordingly. For the economy to do well, you need to get the fundamentals right. If anything, Keynesian policies are good for very short term effects. Communism is Keynesian all the way and that is why it failed and China had to let go and free up the people to do their thing.
Singapore is not makig any fundamental changes and the despots are too dishonorable to do the right thing in order to take care of their self interests and dogs like you two.
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Originally posted by AndrewPKYap:
That kind of analysis is called "ivory tower" thinking.
You need to look at each situation and apply theories accordingly. For the economy to do well, you need to get the fundamentals right. If anything, Keynesian policies are good for very short term effects. Communism is Keynesian all the way and that is why it failed and China had to let go and free up the people to do their thing.
Singapore is not makig any fundamental changes and the despots are too dishonorable to do the right thing in order to take care of their self interests and dogs like you two.
I doubt if you understood what John Keynes wrote or even read his papers. I guess the 'Paradox of Thrift' must be too difficult for you to understand, where even a village idiot could grasp its meaning.
If you dont understand even that, it would be comprehensible why you lump Communism with Keynesian theory. And just what 'fundamentals' are you alluding to? Freedom? Shades of the now despised Milton Friedman there, unfetted freedom, unregulated, cause this crisis.
Is that what you mean by 'fundamentals' as opposed to resources?
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Originally posted by AndrewPKYap:
If "Keynesian Theory" can work, then USSR would have been the sole super power in this world.... cow.
I am so sorry that your one-neuron brain can't comprehend the difference between Keynesian Theory and communism.
But then again, it's natural instinct to laugh at someone so stupid like you, regardless of it being downright unethical.
Communism is hardly Keynesian Theory. Let me attempt to explain it so that your sole neuron does not explode due to information overload.
Keynesian Theory advocates fiscal actions to pull the economy out of a depression, similar to what a jump start does to revive a car battery. However, to ensure a full recovery, the mechanisms of free market would have to work and apply the long term benefits of this jump start.
Communism, on the other hand, advocates the absence of the free market mechanism and instead allocate resources based on a central planning.
Since we are in the mood for cows, let me draw an analogy. You have two cows. One cow is dying.
Keynesian Theory advocates that you conduct in-vitro fertilisation to get a new calf to replace the one that is dying.
Communism, on the other hand, takes away the two cows and gives you what it thinks you need.
Does that clear things up for your one-neuron brain?
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Excessive saving
To Keynes, excessive saving, i.e. saving beyond planned investment, was a serious problem, encouraging recession or even depression. Excessive saving results if investment falls, perhaps due to falling consumer demand, over-investment in earlier years, or pessimistic business expectations, and if saving does not immediately fall in step, the economy would decline.
The classical economists argued that interest rates would fall due to the excess supply of "loanable funds". The first diagram, adapted from the only graph in The General Theory, shows this process. (For simplicity, other sources of the demand for or supply of funds are ignored here.) Assume that fixed investment in capital goods falls from "old I" to "new I" (step a). Second (step b), the resulting excess of saving causes interest-rate cuts, abolishing the excess supply: so again we have saving (S) equal to investment. The interest-rate fall prevents that of production and employment.
Keynes had a complex argument against this laissez-faire response. The graph below summarizes his argument, assuming again that fixed investment falls (step A). First, saving does not fall much as interest rates fall, since the income and substitution effects of falling rates go in conflicting directions. Second, since planned fixed investment in plant and equipment is mostly based on long-term expectations of future profitability, that spending does not rise much as interest rates fall. So S and I are drawn as steep (inelastic) in the graph. Given the inelasticity of both demand and supply, a large interest-rate fall is needed to close the saving/investment gap. As drawn, this requires a negative interest rate at equilibrium (where the new I line would intersect the old S line). However, this negative interest rate is not necessary to Keynes's argument.
http://en.wikipedia.org/wiki/Keynesian
Get it genius?
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The above are very good examples, Uncle Andrew. I hope you will seriously read and understand.
I have another simpler analogy to help you, and the other thousands dollars salaried economists who puh pah'ed govts trillions impact to kickstart economies of the world, and claim it is only for the 'short term':-
A block of plastic charge (RDX-Cyclotrimethylenetrinitramine) can easily destroy a concrete column.
But if a wharehouse filled with compacted RDX, is set on fire, it would only burn and nothing explodes. However, if just one fuse the size of a pencil, electronically created to set off a high temperature mini ignition, is placed anywere near the warehouse and ignited, the explosion would create a crater 25m deep and any concrete building within 100m will be flattened!
Thus, even though the trillions spent is significantly small to the annual world's GDP, it is a powerful fuse that will ignite world's economy and cause it to boom.
Infrasture and govt recruitment spending will create jobs. Once people have jobs, with money spent, confidence will return. Like a trickling effect, from the hawker selling hotdogs to them until to the CEO manufacturing comp chips.
( Males would understand this analogy, having served NS. For women, perhaps tiny jabs of Botox onto the face would be comprehensible?)
So, do not look down on Keynesian theory. It is a powerful fuse that had serve mankind for decades, provened and will continue to do so. It's only hoarder people like you that will fail it.
This part is not Keynesian. Just my thoughts:-
With regards to the stock market, unfortunately, it no longer served its noble purpose of providing funds for companies. Mankind had over relied on it as an indicator of performance. Stock brokers and fund managers only used it to justify their salaries, which is nothing more than pure gambling, using any data to convince the movements of stocks, from a simple hurricane to war, anything at all in order to earn the money.
As such, confidence of the real economy, where real biz and jobs are, depends on the good performance of the stock market. Indicator Up and people spend. Indicator Down and the people flee with the money, hurting the real economy. It is purely a gambling spree right now, of people playing for 'long' and others going 'short' to take profit, with absolutely no regard to the welfare of the company that they are so called 'investing' in.
If only more people can be educated to look at other real indicators of company performance in the real economy, which there are, then future fluctuations of economic activity can be avoided.
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A whole lot of gibberish is useless and clouds the mind.
What is clear is that history has shown that you cannot expect a group of people (whether PAP or Communist parties of USSR, China and North Korea or Facists) to succeed when they use their political power to meddle in the economy.
The more directly they meddle the worse it is. Take China for example. Deng let go the control and meddling and you see the economy take off. I don't buy Keynesian economics simply because it is about government intervention.
Governments should just do what is needed for the economy to run and not run the economy or even worse, run businesses.
In Singapore Singapore could do well in the beginning because there was little meddling by the state.
As time went by, the dishonorable despots took control of more and more businesses and put more and more resources into their own hands (Temasek, GIC, Stats boards, GLCs), under their control and why? Greed, self interests and the need to feed dogs and cronies that lick their asses and in so doing, damage the economy.
Do you see any fundamental change in this budget? Of course not. You are talking about a bunch of dishonorable asslickers, licking the asshole of the cursed senile despot.
Bottom line therefore is to HOARD YOUR MONEY and send the email.
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Sigh, he just does'nt get it.
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Sigh, he just does'nt get it. Its basicly cuz of idiots like him that we're in this mess in th first place. He's gonna deny this but I say Andrew is acting like a typical Singaporean
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Originally posted by Chris88110:
Sigh, he just does'nt get it. Its basicly cuz of idiots like him that we're in this mess in th first place. He's gonna deny this but I say Andrew is acting like a typical Singaporean
*sigh* a typical asslicking dog that will never blame the ass-holes he licks and instead puts the blame on the messenger that has done nothing except deliver the message.
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Whose message may I ask?. I would'nt blame any messenger. However, i would blame him if his message was wrong, and even then i would'nt insult him by calling him an ass-licking dog which he is rather behaving like. And since the message is from himself, Andrew how may I ask, do you lick your own ass?
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Originally posted by AndrewPKYap:
A whole lot of gibberish is useless and clouds the mind.
What is clear is that history has shown that you cannot expect a group of people (whether PAP or Communist parties of USSR, China and North Korea or Facists) to succeed when they use their political power to meddle in the economy.
The more directly they meddle the worse it is. Take China for example. Deng let go the control and meddling and you see the economy take off. I don't buy Keynesian economics simply because it is about government intervention.
Governments should just do what is needed for the economy to run and not run the economy or even worse, run businesses.
In Singapore Singapore could do well in the beginning because there was little meddling by the state.
As time went by, the dishonorable despots took control of more and more businesses and put more and more resources into their own hands (Temasek, GIC, Stats boards, GLCs), under their control and why? Greed, self interests and the need to feed dogs and cronies that lick their asses and in so doing, damage the economy.
Do you see any fundamental change in this budget? Of course not. You are talking about a bunch of dishonorable asslickers, licking the asshole of the cursed senile despot.
Bottom line therefore is to HOARD YOUR MONEY and send the email.
Well, when you have been wrongly advised in your investment scheme, who would you first turn to/blame for redress?
The government is expected to play the role of a referee.
As for government running business, let me assure you, some countries are worse. South Korea's economy are effectively dominated by 4 chaebols, namely Samsung, Hyundai, LG and SK Telecom.
Want a truly free economy? Go to Lalaland.
Hoarding money will only kill the people that you allegedly claim to help in the very first place.
Just so similar to the regime's claims.
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Originally posted by Chris88110:
Whose message may I ask?. I would'nt blame any messenger. However, i would blame him if his message was wrong, and even then i would'nt insult him by calling him an ass-licking dog which he is rather behaving like. And since the message is from himself, Andrew how may I ask, do you lick your own ass?
I don't know, I am not the ass licker, you should know better being the ass licking dog that your are... but then again you are licking despotic asses and maybe you don't know either....
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Originally posted by teraexa:
Well, when you have been wrongly advised in your investment scheme, who would you first turn to/blame for redress?
The government is expected to play the role of a referee.
As for government running business, let me assure you, some countries are worse. South Korea's economy are effectively dominated by 4 chaebols, namely Samsung, Hyundai, LG and SK Telecom.
Want a truly free economy? Go to Lalaland.
Hoarding money will only kill the people that you allegedly claim to help in the very first place.
Just so similar to the regime's claims.
You can utter the words, "The government is expected to play the role of a referee" and yet you continue to lick the ass-holes of the referees that have no qualm playing the game and putting massive amounts of public money into the pockets of their relatives, cronies and into own pockets.
When they try playing the game outside the country where they are not the referee, it becomes obvious what idiots they are... spending billions buying Barclays at 700 and within a couple of years it is 52.
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They bought Shin Corp at 48 and now it is 16....
