BTW you people know that the market crashed today?
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China together with the rest of the world are holding 'a heck of a lot US$' in foreign reserve and US$ really has nothing backing the currency. To use US$ to buy those papers associated with sub-prime mortgages to me makes a lot of sense. At least those sub-prime papers have at least property assets backing them whereas US$ you have nothing and yet the whole world is accepting it for payments for oil, iron-ore, copper. uranium etc.Originally posted by AndrewPKYap:If only that was true... they can buy them and then burn the papers for the ghosts in hell... hahahaha... because as of now... a US Federal Court refused to let one bank foreclose until they can show proof that they own the properties and not just simply showing the court the SIVs... maybe they can show the proof and if they can, they will keep it...
... if they determine that they cannot hahaha... they will be so happy to sell them to China and Temasek, that will buy them up like a bargain (as usual) and then find that the papers are worth for use only as hell notes...
Edited to add: I have just found out that a couple more US Judges did the same... disallowed the foreclosure... until proof of ownership is brought before the court...
A picture of the Golden Opportunity for Temasek and China... -
Ho Jinx, Ho Jinx....
...this is what happens when you have cronyism and you put family members in charge... and when they lose money, pay them a big bonus instead of kicking their ass and make them fly to Timbuktu...
BARCLAYS ORD 25P (BARC)
490.00 -26.50 (-5.13%)
as of 12:12 PM EST on 11/21/2007 (London Delay: 15 mins.)
... and will she be raising prices for Singaporeans to cover the money lost to foreigners?
... Or get her wife and father in law to raise GST again to help the poor?
... or increase ERP to raise funds, so that she has more money to lose to the foreigners?Open your books, Temasek Holdings
Columns By Andrew PK Yap
Founder of www.casinogamblingprevention.com -
its disgusting the way you incite mob mentality by linking completely different things
ERP and GST? What has that got to do with a short term loss in the markets? And that is all it is. Unless you can pull charts over the long term(say, 5 years?) that prove they are CONSISTENTLY losing money.
You and I both know(well, i do, at least) that this is not even close to be admissible evidence statistically. -
Hi all,Originally posted by AndrewPKYap:
I'm new to this forum. I did not read through every page on what was discussed, however I feel that some of your comments that linked the market drops and your local government together were unjustified.
Your government couldn't have done anything to not be affected by the recent market corrections.
This is a public forum, and are accessible by people from all walks of life. Some may not have enough know-how in investments. By incorrectly linking market performance to your government, may cause serious misrepresentations, not to mention potential lawsuits against yourself (at least in my country).
Although we are in a public domain, and are free to post our own opinions, the least we could do is to ensure its accuracy.
No hard feelings. -
If you would click on his link at the bottom of andrew's signature, you will find out why andrew is trying so hard to garner attention. He's launching a book(on subjects i have more or less already proven on another thread he has no idea of).Originally posted by libitina:Hi all,
I'm new to this forum. I did not read through every page on what was discussed, however I feel that some of your comments that linked the market drops and your local government together were unjustified.
Your government couldn't have done anything to not be affected by the recent market corrections.
This is a public forum, and are accessible by people from all walks of life. Some may not have enough know-how in investments. By incorrectly linking market performance to your government, may cause serious misrepresentations, not to mention potential lawsuits against yourself (at least in my country).
Although we are in a public domain, and are free to post our own opinions, the least we could do is to ensure its accuracy.
No hard feelings.
I'm assuming he's at least semi intelligent, so he doesnt really believe the things he is writing. He just wants ppl to band together and hopefully buy his book. -
orh... so it's about his goddamn book. chey... i tot what. no wonder he keep bumping this stupid old thread. ma de so irritating. every morning check newest topic then this idiotic thread appear on it. maciam like fly lidat.
Andrew: Don't like don't read lah.
Me: Diam lah.Originally posted by deathbait:If you would click on his link at the bottom of andrew's signature, you will find out why andrew is trying so hard to garner attention. He's launching a book(on subjects i have more or less already proven on another thread he has no idea of).
I'm assuming he's at least semi intelligent, so he doesnt really believe the things he is writing. He just wants ppl to band together and hopefully buy his book. -
I did not say that this market drop can be linked to what the government did... my main trust was...Originally posted by libitina:Hi all,
I'm new to this forum. I did not read through every page on what was discussed, however I feel that some of your comments that linked the market drops and your local government together were unjustified.
Your government couldn't have done anything to not be affected by the recent market corrections.
This is a public forum, and are accessible by people from all walks of life. Some may not have enough know-how in investments. By incorrectly linking market performance to your government, may cause serious misrepresentations, not to mention potential lawsuits against yourself (at least in my country).
Although we are in a public domain, and are free to post our own opinions, the least we could do is to ensure its accuracy.
No hard feelings.
1. Singaporeans are losing the money they pay for ERP, COE, exorbitant public housing to foreigners through Temasek because of incompetence and bad foresight by Temasek's management at best... helmed by you-know-who's daughter-in-law... that was promoted and promoted even when she made grossly and glaring mistakes...
2. The government policies of taking as much of the people's money as possible and the policy of making Singaporeans indebted, (calling it "home ownership scheme", to make it sound good while pushing up state land prices)....
...these couple of things, for example.... is capable of doing major damage to Singapore and Singaporeans when the sub-prime crisis hits our shores...
I am not saying that the Singapore government engineered the US$100 billion to US$ 1 trillion scam... (if only they were that smart instead of losing money to foreigners... continuously...) ....
I am saying that they are making narrow self, party and family interests above national interests and this crisis could hit Singaporeans really hard because of their policies... -
saw tis pic in his websai... who ijjit ah? the photoshopping improve abit can anot? wl the hair there so shoddy... lidat the websai wont' have a pro image liao.
Please pm me if the photo is offensive. I shall remove it. Or sue me. -
please don't remove it, thanks for promoting me and my book... gosh thanks....
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how about promoting my blog site also?
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my sis fren lost 10k.
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ok...
[email protected] u beri interesting neh...Originally posted by AndrewPKYap:how about promoting my blog site also? -
sorry to hear that... but it is "nothing" compared to the billions Ho Jinx through Temasek lost... and she lost Singaporeans hard earned money to boot...Originally posted by Aaron8209:my sis fren lost 10k. -
wrong lah... want to promote also do a good job mah.... it is www.newsintercom.org ....Originally posted by newcomer:
or just click on this link:
http://www.newsintercom.org/index.php?memberid=226 -
ok here's how things work in the REAL world.Originally posted by AndrewPKYap:sorry to hear that... but it is "nothing" compared to the billions Ho Jinx through Temasek lost... and she lost Singaporeans hard earned money to boot...
The government set in place the CPF(which is the only thing you can argue about, really).
It agrees to pay you a certain ROI on the amount you have in it. It uses the money you leave in it to generate returns via investments. This in turn pays off the interest it pays to you. The CPF money you have with the government is in fact the only thing that should interest you. Money you pay the government as tax is NOT yours. It belongs to the government. This includes all kinds of taxes, including the ERP.
When temasek made returns greater than the ROI given to the people, the public complains that they should give greater interest. Now that it makes a loss, fearmongers like Andrew would like the public to believe that they are losing your money. They're not. When you withdraw from your CPF, the balance would be exactly the same as in the case where Temasek is making tons of money via investments. Temasek pays you interest smaller than their earnings in good years so that you don't have to pay for the bad years. It's a symmetric process.
Andrew also wants you to believe that the taxes you pay to the government still belongs to you. It does not. The government has the right to divide the way it uses the taxes. Are your roads cracked with many portholes? Are your schools falling apart? Are you constantly in mortal fear of crime? The government has done a decent job of providing what it promises thus far.
Compare your standard of living with people from similar economies. The government may not be transparent. It may promote people based on things other than achievements. But so far, it's working. Stop listening to people who try to instill fear in you. Stop for a while and think about it.
Investments make money. Sometimes they lose money. Don't look at the short term results Andrew likes to put up on graphs. Ask him for more. Ask him for the long term earnings of Temasek. Is it in the red, or black? Is this just a short term downswing, or has it been losing money year after year?
Don't be lead blindly by the nose everytime someone makes a speech, this one included. Stop to ask questions. Ask for more details. Ask for the other side of the story. Just ask. -
because "odds ARE everything?
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you know it's getting sad how your rebuttal to everything i make is that quote from me.Originally posted by AndrewPKYap:because "odds ARE everything?
Especially since you're the only one who finds it funny. I've explained to everyone why that statement is true. You on the other hand have come up with nothing more than the defence of repeating those words followed by strings of emoticons.
Seriously. Does anyone really think a book written by this guy would be useful? Amusing, of course. But useful? -
because that quote... is a critical strategic error in thinking... when people make strategic critical errors in thinking... what else they say, what follows... is suspect...
It is like a kid that tries to do additional maths and all the time, he thinks that 1+1=zero... and when people tells him it is not, he insists that 1+1 is zero and is the truth...
...so every time, the kid opens his mouth, and tries to show people how brilliant he is... all you need to do is remind the kid that he said and he continues to believe that 1+1=zero.... -
Originally posted by deathbait:I've explained to everyone why that statement is true.
"odds ARE everything" is true? -
except, the one person who claims he can prove that 1+1 =2 refuses to do so.(again, i'm looking at you andrew)Originally posted by AndrewPKYap:because that quote... is a critical strategic error in thinking... when people make strategic critical errors in thinking... what else they say, what follows... is suspect...
It is like a kid that tries to do additional maths and all the time, he thinks that 1+1=zero... and when people tells him it is not, he insists that 1+1 is zero and is the truth...
...so every time, the kid opens his mouth, and tries to show people how brilliant he is... all you need to do is remind the kid that he said and he continues to believe that 1+1=zero....
And once more, i have to urge you to not just string random words together and make meaningless phrases.
How is this a "critical strategic error".
You claim i'm making a sweeping statement. I ask you for the exception that would indeed prove it was a sweeping statement, and all you come up with a emoticons. A very valid argument indeed, if we were still in kindergarten. -
more emoticons. One day I may actually get hypnotised by them.Originally posted by AndrewPKYap:
"odds ARE everything" is true?
As I have explained in my TWO extremely long posts, it's true. The only rebuttal you have every come up with was:
Just because you keep questioning it won't make it untrue. You actually have to come up with an exception to my rule to prove it false. That's how it works.
God it's like teaching the primary school debate team. -
Just like a kid asking people to prove that 1+1 is not zero....
this is so fundamental.... asking people to prove that "odds ARE everything" is a sweeping statement and therefore cannot be true is like asking people to prove that 1+1 is not zero.... -
well we can end this right here right now.Originally posted by AndrewPKYap:
Just like a kid asking people to prove that 1+1 is not zero....
this is so fundamental.... asking people to prove that "odds ARE everything" is not true is like asking people to prove that 1+1 is not zero....
Just list ONE.
All it takes is ONE measly other factor you take in account when investing correctly to prove me wrong.
You obviously think you know a couple. Just list one. How about it. Stop hiding behind your silly emoticons. Just list one. Easy right?
Oh that's right, you know there aren't any. So you'll be blinking emoticons all day to distract everyone from the real argument you know you lost.
Oh by the way, proving 1+1 = 2 is harder than most people think. Just some trivia=) -
yeah! down with andrew the mr-know-it-all who really thought he knew it all.
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I rather not...
It is more fun this way....
I rather prolong it a bit....
You are making laugh so hard I might fall off my chair...
"odds ARE everything" is not a grossly stupid statement..... to use in an argument ?