https://vt.tiktok.com/ZSQTEf5qu/
1. Very good explanation of Quantum Entanglement.
2. Buddhism - Form = Formless, Formless = Form - best describe Quantum Entanglement.
佛法：-
色 = 空。空 = 色。來解释 Quantum Entanglement 很贴切。
@Babe:Einstein:- "Spooky Action at a Distance".
@Babe:第四个图，就是 空 的关键所在。
[20/06, 11:50 pm] ☸️ Danny 心: https://vt.tiktok.com/ZSQTXQhuA/
Karen say Singaporeans not hungry enough.
[20/06, 11:52 pm] ☸️ Danny 心: https://vt.tiktok.com/ZSQTXPRfG/
Karen comments on Singaporeans not hungrier hit a nerve.
@Babe:1. There is no need to be enraged by the comment "you need to be hungrier".
2. Just go to job interview and get yourself employed - and prove the word is wrong.
@Babe:1. All my extended families and close circle young people got their jobs upon graduation.
2. So cannot see "You are not hungry" - apply to the youth employment.
====
@Babe:1. Singaporeans graduates and workers must be "persistent" and "consistent" in their job search.
a. Persistent - refer to unrelenting, unyielding (despite rejection or failure) in applying for jobs on available opportunities, look for and apply for job lead, apply through their Uni job fairs, Government job fairs, internship, e2i, MOM, headhunter, job portals etc - until one get their job.
b. Consistent - refer to consistent searching and applying for jobs without fail - and never be deterred or depress by rejection or failure.
2. Ensure Singaporeans graduates and workers skillsets are relevant and up-to-date and AI-ready - especially business are in the midst of transformation into AI-ready business.
3. If skillsets not up-to-date or not AI-ready, get yourselves trained in the up-to-date skillsets and take AI courses that business are looking for - to ensure workers will be of values to the businesses.
4. Only through such approach, majority of the Singaporeans can get a good pay jobs.
5. For some where the skillsets or AI skills are lacking, or where job applications outcome are not forthcoming - be prepared to :-
a. Join internship - to participate in companies who are willing to train the workers that lack relevant skills - but willing to accept a lower pay.
b. Willing to take lower pay in which companies are willing to take but train on the jobs.
Singaporeans graduates and workers don't need to be "hungry" to secure a job.
Singaporeans graduates and workers only need to be pragmatic in their job search because they are facing:-
a. A more formidable challenge - the rise of AI and the need to get themselves AI-aware, AI-trained.
b. Business transformation - that make some workers' skillsets obsolete - and need to retrain to stay relevant.
c. Losing out to foreigners in job search is only one factor. Even if business don't hire foreigners - business also won't hire Singaporeans if you don't possess the right skillsets or are AI-ready.
@Babe:Also Singaporeans need to be thick skin, and be perseverance in their job search.
Sure will get it one.
Because there are more job vacancies than workers.
@Babe:Source:- Google AI
Singapore’s job market currently has more vacancies than unemployed persons, though the ratio is tightening. Latest data shows there are 73,300 job vacancies compared to a low resident unemployment rate.
However, hiring activity has cooled, with retrenchments rising slightly due to corporate restructuring.
Despite a dip in overall vacancies, a talent shortage persists in several key domains, and certain sectors continue to see strong resident employment growth:
Technology & AI: The AI talent shortage is driving salaries up, with strong demand for roles in machine learning, AI engineering, and data science.
Growth Sectors: Job growth for locals is primarily driven by Administrative & Support Services, Transportation & Storage, and Public Administration.
Manufacturing & Construction: These outward-facing sectors support the bulk of non-resident employment growth, and also see higher vacancy rates for production, transport operators, and labor roles.
====
https://vt.tiktok.com/ZSQvbr6xq/
Singapore F-16 cannot be seen in radar.
@Babe:1. Jammer pod to jam hostile radar so that it cannot be detected and locked by missiles is as good as the stealth capabilities of F-35.
2. But F-35 capabilities are more than stealth.
3. F-35 is sensor based (to collect real time info), network to communicate with friendly forces (aggregated firepower) + bird eyes view on the whole operation theatre (stored in the MDF - Mission Data File) - a superior winning formula.
@Babe:1. F-35 capabilities far exceed F-16.
@Babe:1. And F-35 in addition to "the bird eyes in the sky", is also a "computer in the sky".
2. It aggregates all the information collected, processed them and provides targeting options - leaving the decision to humans only the vital final decision to shoot or not based on the available options.
3. It greatly accelerate decision making based on the most comprehensive real time information - and is a game changer in winning the air, ground battle.
====
https://vt.tiktok.com/ZSQ7gG9UY/
PM Lawrence Wong shake hand with President Putin in bilateral talks.
[18/06, 1:08 am] ☸️ Danny 心: https://vt.tiktok.com/ZSQsGf9ur/
https://vt.tiktok.com/ZSQ7QjBA2/
Gov.sg
May the prompt be with you.
https://vt.tiktok.com/ZSQ7qgcwt/
Al shrinking jobs in banks.
@HighLevelWithJonathan:Reskilling into what then? That's the question many are struggling with.
@Babe:New jobs in high demand:-
1. AI creator & R&D researchers (Machine language, NLP, LLM, Computer Vision, neural networks, Deep learning, reinforcement learning, AI cybersecurity, Frontier AI etc)
2. AI developers, AI Agentic apps development (Machine language, python programming)
3. AI Agentic users
4. Forward deployed engineer (gather and formulate user requirements into AI development)
----
Existing IT professionals jobs:-
1. Cloud professionals
2. Cybersecurity professionals
3. System & Servers IT professionals
4. Network IT professionals
5. Storage, Database IT professionals.
6. Software engineers.
[18/06, 1:09 am] ☸️ Danny 心:
@Babe:1. All AI professionals need to be bilingual:-
a. Possess the AI technical skills.
b. Learn the trade domain - in which AI is to be deployed.
(Eg. If need to AI bank's functions and operations, AI professionals need to know the bank's trade and which aspects of bank operations to AI - in order to reap productivity.
Working with bank users, bank software developers, COO, CTO, CEO - all the C-suite will be critical for success.
Likewise if to AI manufacturing, healthcare, f&b, logistics supply etc - same approach to AI like AI banks).
2. AI users need to be trained in:-
a. Agentic AI develop by AI developers - to reap specific business functions productivity.
b. Use public AI LLM to reap general job productivity.
====
@Babe:To illustrate what we can do and what we will be doing in an AI era:-
1. Government
2. Big Enterprise - DBS
@Babe:1. Eg. Government, big public enterprise use AI models, LLM and transformer engine develop by Big Tech but use internal dataset and accessible only by the internal government staff.
At no time, the data set will be leaked to the public.
2. The AI architecture uses air-gapped network and the AI transformer engine and LLM run on internal servers and GPUs, internal clouds and internal datasets.
Permission are granted to internal staff based on strict access control with local content filtering on internal data access.
3. This is like using Microsoft OS, install in servers developed by US companies but network are designed by government IT staff with air-gap, firewall and protected within an intranet not accessible by public. The AI architecture and infrastructure are reserve for use by internal government staff only.
The AI infrastructure are not controlled by few powerful overseas companies but in the sole domain and control of the government AI staff.
Our government AI staff control, manage and maintain the entire AI models, architecture and infrastructure.
This is similar to our control of Microsoft OS, servers and network bought from US companies.
@Babe:2a. DBS full AI solution are using Microsoft Co-Pilot.
But the entire dataset that DBS access is DBS internal banking datasets.
There are no instance of DBS dataset, customer information held by Microsoft.
DBS has full control of its purchase technologies from Microsoft - such as Microsoft AI Co-Pilot, LLM, Microsoft Azure cloud and Microsoft OS.
Microsoft has no visibility into DBS AI architecture.
2b. DBS AI forward deployed AI engineers will work with DBS top management, DBS users and DBS IT software developers to establish and formulate user requirements for development of AI Agentic apps.
2c. DBS AI developers will then either use python programming, machine language, Co-pilot to develop Agentic AI apps to automate DBS business functions, process that access the internal DBS datasets.
Microsoft has 0 visibility into this Agentic AI apps develop by DBS AI developers.
2d. DBS AI developers are merely riding on the Microsoft AI Co-Pilot LLM.
Just like using Microsoft Azure Cloud and Microsoft OS.
2e. Once the AI Agentic apps are developed, DBS users will be trained to use the AI apps that will improve their productivity by leaps and bounds.
====
@Babe:So all the following jobs will be needed and useful.
They are also highly paid:-
@Babe:New jobs in high demand:-
1. AI creator & R&D researchers (Machine language, NLP, LLM, Computer Vision, neural networks, Deep learning, reinforcement learning, AI cybersecurity, Frontier AI etc)
2. AI developers, AI Agentic apps development (Machine language, python programming)
3. AI Agentic users
4. Forward deployed engineer (gather and formulate user requirements into AI development)
----
Existing IT professionals jobs:-
1. Cloud professionals
2. Cybersecurity professionals
3. System & Servers IT professionals
4. Network IT professionals
5. Storage, Database IT professionals.
6. Software engineers.
====
@Babe:So the big question is - for most Singapore workers.
Reskill into what?
Most Singapore workers can be categorized as "AI users".
1. AI users need to be trained in:-
a. Agentic AI develop by AI developers - to reap specific business functions productivity.
b. Use public AI LLM to reap general job productivity.
====
@Babe:To summarise:-
1. AI don't make graduates worse off.
2. In fact, new job opportunities are opening up for graduates and workers like what the digital economy and e-commerce are opening up for workers.
3. The key is, do our graduates be able to leverage on AI like we leverage on digital economy, e-commerce, mobile apps in their jobs.
If we do, we thrive else we lose out.
@Babe:1. Previously, if our graduates and workers don't get trained in using internet, mobile apps, computer, smartphone - they can't secure a job.
2. Likewise, if now graduates and workers don't get themselves trained in AI, like how you get trained in digital economy, you won't get your jobs.
Simple analogy.
====
@xxxxxx:Model ultimately still comes from that few Big Tech companies. If they decide that the rest of the world can only access models 3-4 generation behind because of national security, what happens then?
@Babe:1. AI is similar to operating system Microsoft, open source Linux, Apple iOS, Google Android.
OS only control by a few US companies and open source.
2. Social media control by Instagram, YouTube, Tik Tok, xiaohongshu, etc - a few US and China companies.
Why no concern?
3. Do you know that Singapore have our own AI R&D researchers or AI creators that can create Al GPT (Generative Pre-Trained Transformer) and LLM (multi-languages LLM trained on many languages datasets for ASEAN countries)?
4. Singapore also got AI R&D researchers and creators working in Singapore top R&D labs creating AI models for government bodies.
5. Singapore also develop many humanoid robots for our own used.
6. Singapore is the 2nd global highest industrial robot adoption just behind South Korea.
Ahead of China, Germany and Japan.
So when are Singapore control by a few overseas companies?
@Babe:The GPT engine and LLM multi-languages for ASEAN that are produced by Singapore AI researchers and AI creators are called SEA-LION.
@Babe:1. Do you know that our 2 Universities are Ivy League grade - global top 8/10 NUS and top 12?
2. These Universities are producing AI R&D researchers and AI creators that can produce GPT (Generative Pre-Trained Transformer), LLM (Large Language Model) from scratch - such as those produced by ChatGpt, Google Gemini, Meta Llama etc.
3. They also able to produce DeepSeek like AI model through Knowledge Distillation.
4. Among the knowledge and subjects that they learn and competence in, including final year projects (that need to produce live GPT and LLM) in undergraduate and postgraduate research or coursework studies are:-
Subjects need to be learned to produce AI models like gpt, LLM, knowledge distillation - Neural networks, Generative Adversarial Network, machine learning, supervised learning, unsupervised learning, deep learning, reinforcement learning, semantics analysis, python programming, computer vision, multi - modal, NLP (Natural Language Programming) etc. etc. etc.
Also need to learn complex math like linear algebra, optimisation, statistics, probability, differentiation, integration etc etc....
5. And many Singapore AI R&D science lab are staff with scholars, graduates, postgraduates from Ivy League in addition to our homegrown produce AI R&D researchers and AI creators.
Who say our AI future are control by a few overseas companies only ????
@Babe:All these are Singapore built humanoid robots.
====
@Babe:1. Singaporeans graduates and workers must be "persistent" and "consistent" in their job search.
a. Persistent - refer to unrelenting, unyielding (despite rejection or failure) in applying for jobs on available opportunities, look for and apply for job lead, apply through their Uni job fairs, Government job fairs, internship, e2i, MOM, headhunter, job portals etc - until one get their job.
b. Consistent - refer to consistent searching and applying for jobs without fail - and never be deterred or depress by rejection or failure.
2. Ensure Singaporeans graduates and workers skillsets are relevant and up-to-date and AI-ready - especially business are in the midst of transformation into AI-ready business.
3. If skillsets not up-to-date or not AI-ready, get yourselves trained in the up-to-date skillsets and take AI courses that business are looking for - to ensure workers will be of values to the businesses.
4. Only through such approach, majority of the Singaporeans can get a good pay jobs.
5. For some where the skillsets or AI skills are lacking, or where job applications outcome are not forthcoming - be prepared to :-
a. Join internship - to participate in companies who are willing to train the workers that lack relevant skills - but willing to accept a lower pay.
b. Willing to take lower pay in which companies are willing to take but train on the jobs.
Singaporeans graduates and workers don't need to be "hungry" to secure a job.
Singaporeans graduates and workers only need to be pragmatic in their job search because they are facing:-
a. A more formidable challenge - the rise of AI and the need to get themselves AI-aware, AI-trained.
b. Business transformation - that make some workers' skillsets obsolete - and need to retrain to stay relevant.
c. Losing out to foreigners in job search is only one factor. Even if business don't hire foreigners - business also won't hire Singaporeans if you don't possess the right skillsets or are AI-ready.
@Babe:Also Singaporeans need to be thick skin, and be perseverance in their job search.
Sure will get it one.
Because there are more job vacancies than workers.
@Babe:Source:- Google AI
Singapore’s job market currently has more vacancies than unemployed persons, though the ratio is tightening. Latest data shows there are 73,300 job vacancies compared to a low resident unemployment rate.
However, hiring activity has cooled, with retrenchments rising slightly due to corporate restructuring.
Despite a dip in overall vacancies, a talent shortage persists in several key domains, and certain sectors continue to see strong resident employment growth:
Technology & AI: The AI talent shortage is driving salaries up, with strong demand for roles in machine learning, AI engineering, and data science.
Growth Sectors: Job growth for locals is primarily driven by Administrative & Support Services, Transportation & Storage, and Public Administration.
Manufacturing & Construction: These outward-facing sectors support the bulk of non-resident employment growth, and also see higher vacancy rates for production, transport operators, and labor roles.
====
[17/06, 11:19 pm] ☸️ Danny 心: https://vt.tiktok.com/ZSQsxPLmY/
@Babe:Not really.
1. Eg. Government, big private enterprise use AI models, LLM and transformer engine but used internal dataset and accessible only by our internal staff.
At no time, the data set will be leaked to the public.
2. The AI architecture uses air-gapped network and the AI transformer engine and LLM run on internal servers and GPUs, internal clouds and internal datasets.
Permission are granted to internal staff based on strict access control with local content filtering on internal data access.
3. This is like using Microsoft OS, install in servers develop by US companies but network with air-gap, firewall and protected within an intranet not accessible by public and reserve for use by internal staff only.
So how does AI be controlled by few powerful overseas companies?
Our AI staff control, manage and maintain the entire AI models, architecture and infrastructure - all within our control like how we manage Microsoft OS, servers and network bought from US companies.
@Babe:Eg. DBS full AI solution using Microsoft Co-Pilot.
But the entire dataset that DBS access are DBS internal datasets.
So in which instance DBS future is held by Microsoft?
DBS has full control of its own Microsoft AI Co-Pilot, its Microsoft Azure cloud and its Microsoft OS.
Microsoft has no visibility into DBS AI architecture.
@Babe:1. DBS AI developers need to develop Agentic AI apps to access the internal datasets.
Microsoft has 0 visibility into this Agentic AI apps develop by DBS AI developers.
2. DBS AI developers are merely riding on the Microsoft AI Co-Pilot LLM.
Just like using Microsoft Azure Cloud and Microsoft OS
3. So in what ways DBS future is control by Microsoft?
Can you explain.
@Babe:1. If you are unable to understand complex tech, then let us look at simple analogy.
2. Eg. you buy a car - it could be China made, or Japan made, or SKorea made or German made.
3. Once you buy the car, the car is yours. It is your say how you want to use the car - the car is completely own by you, maintain by you and how and when to use it.
4. You only need to send to the factory for maintenance and spare parts.
5. AI is the same.
6. Singapore don't make car, but are we control by car manufacturers?
@Babe:"Southeast Asia's digital economy set to top US$300b by end-2025; Singapore attracts most AI funding: Report".
500 AI startups setup shops in Singapore AI hub.
@Babe:So indeed, Singapore AI hub is indeed rosy posy.
No bullshit.
@Babe:Hence what you say in this video is completely wrong.
It mislead the people who are viewing your video.
@Babe:Anyhow say.
Anyhow derive the wrong conclusion.
Anyhow mislead people with your limited technical knowledge.
Anyhow the blind leading the blind.
[17/06, 11:20 pm] ☸️ Danny 心:
@Babe:Quite obviously you all don't understand how AI works and how we use AI.
====
[19/06, 12:08 am] ☸️ Danny 心: https://vt.tiktok.com/ZSQnVa57E/
Stanford graduates booing Google CEO graduation speech on AI.
[19/06, 4:18 am] ☸️ Danny 心:
@Babe:1. As far as I know, AI professionals are highly sought after by business and fetching very high salary - way above median salary.
2. Non AI graduates that uses AI pervasively in their jobs - also gainfully employed.
3. So AI is not making workers worst off.
4. Only those workers who refuse to make use of AI in their work are facing the pressure.
@Babe:To summarise:-
1. AI don't make graduates worse off.
2. In fact, new job opportunities are opening up for graduates and workers like what the digital economy and e-commerce are opening up for workers.
3. The key is, do our graduates be able to leverage on AI like we leverage on digital economy, e-commerce, mobile apps in their jobs.
If we do, we thrive else we lose out.
@Babe:1. Previously, if our graduates and workers don't get trained in using internet, mobile apps, computer, smartphone - they can't secure a job.
2. Likewise, if now graduates and workers don't get themselves trained in AI, like how you get trained in digital economy, you won't get your jobs.
Simple analogy.
====
@Babe:The Global Human-to-Robot Ratios (Robot Density).
The International Federation of Robotics (IFR) tracks this automation metric as "robot density" (the number of operational robots per 10,000 manufacturing employees).
Rank Country Robots per 10,000 Workers
1. South Korea 1,220
2. Singapore 818
3. Germany 449
4. Japan 446
5. China 166 (National Statistic Basis) / Up to 470 in manufacturing hubs
@Babe:Singapore rank 2nd in density in the World in industrial robot adoption.
====
@hongchuan:Model ultimately still comes from that few companies. If they decide that the rest of the world can only access models 3-4 generation behind because of national security, what happens then?
@Babe:1. AI is similar to operating system Microsoft, open source Linux, Apple iOS, Google Android.
OS only control by a few US companies and open source.
2. Social media control by Instagram, YouTube, Tik Tok, xiaohongshu, etc - a few US and China companies.
Why no concern?
3. Do you know that Singapore have our own AI R&D researchers or AI creators that can create Al GPT (Generative Pre-Trained Transformer) and LLM (multi-languages LLM trained on many languages datasets for ASEAN countries)?
4. Singapore also got AI R&D researchers and creators working in Singapore top R&D labs creating AI models for government bodies.
5. Singapore also develop many humanoid robots for our own used.
6. Singapore is the 2nd global highest industrial robot adoption just behind South Korea.
Ahead of China, Germany and Japan.
So when are Singapore control by a few overseas companies?
@Babe:The GPT engine and LLM multi-languages for ASEAN that are produced by Singapore AI researchers and AI creators are called SEA-LION.
@Babe:1. Do you know that our 2 Universities are Ivy League grade - global top 8/10 NUS and top 12?
2. These Universities are producing AI R&D researchers and AI creators that can produce GPT (Generative Pre-Trained Transformer), LLM (Large Language Model) from scratch - such as those produced by ChatGpt, Google Gemini, Meta Llama etc.
3. They also able to produce DeepSeek like AI model through Knowledge Distillation.
4. Among the knowledge and subjects that they learn and competence in, including final year projects (that need to produce live GPT and LLM) in undergraduate and postgraduate research or coursework studies are:-
Subjects need to be learned to produce AI models like gpt, LLM, knowledge distillation - Neural networks, Generative Adversarial Network, machine learning, supervised learning, unsupervised learning, deep learning, reinforcement learning, semantics analysis, python programming, computer vision, multi - modal, NLP (Natural Language Programming) etc. etc. etc.
Also need to learn complex math like linear algebra, optimisation, statistics, probability, differentiation, integration etc etc....
5. And many Singapore AI R&D science lab are staff with scholars, graduates, postgraduates from Ivy League in addition to our homegrown produce AI R&D researchers and AI creators.
Who say our AI future are control by a few overseas companies only ????
@Babe:All these are Singapore built humanoid robots.
====
https://vt.tiktok.com/ZSQQgAVxF/
@Babe:1. Envy and jealousy knows no bounds.
2. These 2 are very successful and rich persons before they join politics.
One is a famous lawyer earning much more than a Minister.
Another is a CEO of a big enterprise.
3. They take a big pay cut to join politics and become Ministers to serve the Country.
4. Why can't they buy a GCB with their own money?
https://vt.tiktok.com/ZSQQphn4P/
Values of a public servant.
1 important ingredient - " Must be thick skin" - because it is a thankless job.
----
@WPCanChangeSG:The problem with most people who defend pap is dishonest cause u guys have a bias towards this gov and attack anyone who disagrees with u.
@Babe:Let us examine all the flaws of WP alternative policies and why WP is not right party to govern Singapore.
@Babe:WP Kenneth Tiong suggest paying NSF $1,800 a month as minimum wages like regular pay.
@Babe:1. WP Kenneth Tiong want Government to pay the minimum salary to NS man $1,800 - which is essentially transforming our conscription into regular army with regular pay.
2. No small countries can afford a regular army of strength 300,000 servicemen = 300,000 x $1,800 x 12 months = a whopping $6.48 billion every year just to pay the NS.
3. This will take out a big chunk of the SAF budget to buy weapons, maintain weapons, do R&D, keep all the 4 services function effectively, training, overseas exercise, maintain overseas bases etc - to ensure Singapore has an effective SAF fighting forces.
4. In other words, this opposition MP suggestion - will have make our SAF less effective in ensuring a effective fighting force with less effective weapons, less budget for training, reduce training hours, maintain weapons to become operational, less flying hours etc to defend our Countries.
It pose an existential threat to Singapore.
5. As MP, does he have strategic depth when making suggestion in Parliament - without resorting to populist policy just to woo votes - but pose a great threat to the Country?
@Babe:@Babe:---
1. NS men unlike other jobs - are given full time accomodation to live in barracks (Mon - Fri) except weekends when they book out - they don't need to pay rent, house loans etc.
2. NS men are given 4 meals everyday (commercial caterers) - breakfast, lunch, dinner, night snacks.
3. NS men are given full clothings, footwear, bags etc - no need to buy clothes, running shoes, T-shirts, short pants, full packs, ali-baba bags etc
4. NS men don't need to pay electricity, water for bathing, charging handphone to surf internet etc.
5. NS men only pay public transport during book out time and book in time.
6. If sick, see doctors (MO - Medical Officers) are free.
7. Half of the expenses are taken care off by the SAF - hence cannot justify the needs for a minimum wages of $1,800 a month.
Workers outside don't have such special privileges, perks and services - that will have easily cover more than half of the $1,800 if a worker with minimum is on their own.
8. DId this WP MP take into account of this - and include in his calculation when making comments in Parliament?
9. Besides, performing National Service is a sacred duty that is a responsibilities of all male Singaporeans - without the Country, we have no home, no peace, no prosperity, and we cannot protect our loved ones.
Does WP MP reflect on this?
@Babe:@Babe:Do you know why many countries cannot afford a regular standing Army to defend their countries?
Because it is too expensive and will burn a big hole in their defense budget, albeit their fiscal budget - and leave with very little to finance their social and economic needs.
That's why countries have to turn to conscription by paying allowance.
Else our soldiers will have to use their salaries to fight advanced weapons thrown by enemies without effective weapons to counter them.
This is simple math.
Why doesn't this WP MP cannot see this and instead focus in winning votes while putting our NS boys at risk?
@Babe:Throughout all his Parliament speeches, Kenneth Tiong is all about how to dig more and more into the fiscal budget to pay more for this and more for that.
I have not come across making constructive suggestions how to bring in more money for Singapore.
He think Singapore money fall from the sky.
@Babe:He will bankrupt Singapore coffer very quickly.
@Babe:@Babe:6. Advocate Nationalisation of public transport.
This will drain taxpayers money, inefficiency, no market discipline, cannot bid overseas project to earn revenue.
After Note (about Nationalisation, what is the impact):-
Assume what WP and the oppositions say, let us revert back to Nationalisation – by converting all GLCs (that provide public goods and services) to State-Run Enterprises, what will be the implications :-
Funding – how and where to get the money to buy out all the public shares in the Singapore Stock Exchange eg. Singtel, PSA Corp, NCS, ST Engineering, Keppel Corp, Smrt , Comfort Delgro, DBS, Sembcorp, SIA, SIA Engineering, Scoots etc ?
a. Liquidate half of Temasek Holdings GLCs' assets to pay shareholders holding all these GLCs shares and delist from the Singapore Stock Exchange (about $200 billion). What will be the implications:-
SES (Singapore Stock Exchange) portfolio diminished drastically – and can no longer function as a stock exchange as the market capitalisation heavily front by GLCs. SES paralysed and could become dysfunctional as the remaining shares are SMEs or smaller values in capitalisation.
Temasek Holdings' asset values as Sovereign Fund cut by half – and the NIRC and the profit earned will be greatly reduced. Hence the half of NIRC contributing to the fiscal budget will be greatly reduced – means more taxes in the form of GST, personal income tax, corporate tax etc will be needed. We as a taxpayer will have to pay more taxes – don't know how many percentage more taxes that we need to pay to make up for the lost government revenue earned from the NIRC.
@Babe:b. If financing the Nationalisation of all the GLCs are not to be funded by the liquidation of Temasek Holdings, then Government will have to make use of taxpayers money to “Nationalise” the GLCs – assume Government need to collect additional $200 billion more taxes to do that. Now with GST, personal income tax, corporate tax, NIRC, other taxes – we collect about $100 billion to finance our yearly government spendings. To finance another $200 billion to “nationalise” the GLCs, taxpayers got to pay 200% more in terms of GST, personal income tax, corporate tax, NIRC, other taxes etc for the government to collect $200 billion more --- are taxpayers willing to pay 200% more taxes? Not to mention getting CDC vouchers, GST vouchers etc ---- taxpayers will have to pay much more taxes to “Nationalise the public goods and services” with no more CDC or GST vouchers.
c. The impact to our structure of our Economy and GDP is huge – we immediately drop from a very rich country to become a 3rd world country – from 2025 back to 1990s or 1970s – this is the impact of mismanaging our Economy if WP and the oppositions play their cards to push for Nationalisation of our public goods and services.
d. In addition, all our GLCs without subjecting to market forces and market competition will fall into inefficiency – because it cannot benchmark to market competitive pricing – as these State-Run Enterprises (SOEs) will keep putting out their hands to the Government for funds year after year. How do the various Ministers determine if the funds requested by the SOEs are reasonable if there are no market competition and benchmark? Where do the Ministers get the fund from short of taxing taxpayers to pay them?
e. GLCs if nationalise cannot tender and compete for business in overseas market – whereby currently, most if not all our GLCs gain very huge revenue and profits from overseas business because Singapore domestic market is very small unlike overseas world market - then we are losing billions and billions of $ in foreign earnings.
Only North Korea are using SOEs to run public goods. Many current and previous communist countries such as China, Russia, Vietnam, East European countries
@Babe:Only North Korea are using SOEs to run public goods. Many current and previous communist countries such as China, Russia, Vietnam, East European countries have long discarded Nationalisation and convert to Privatisation or GLCs (Government Linked Companies) operate in a market economy precisely the negative impact of a SOEs.
Now our oppositions, WP want to revert back to Nationalisation of our public goods and services started with SMRT?
Are we dooming ourselves to place our trust with the oppositions and WP?
I am surprise that WP has an Economist that work with international economic bodies – but fail to understand this very basic fundamental principles of macroeconomics – free market economy.
@Babe:@Babe:Flaws with WP alternative policies in Parliament :
1. Propose land sales to finance recurrent fiscal budget - soon no more lands for younger generations as Singapore is a little red dot.
@Babe:2. Use more nirc 60% - no GST hikes.
Equivalent to raiding our reserves & leaving less reserves for our younger generations.
@Babe:Babe:4. Advocate Minimum wages without productivity growth. Singapore labour force lose competitiveness to other countries.
PAP advocate PWM - step increase in wages with productivity growth.
@Babe:5. Advocate Retrenchment insurance.
Retrenched workers no incentive to rejoin workforce.
PAP provide job support fund + training + job placement.
@Babe:Workers' Party, that criticized high fuel taxes and introduced carbon taxation during economic hardships.
Government Stance: Acting Transport Minister Jeffrey Siow stated that reducing fuel duties is a "too blunt" and regressive approach. The government prefers to let fuel prices reflect market realities to prevent inefficient energy use.
Alternative Support: The government focuses on targeted relief, including $200 in cash for platform workers (covering taxi/PHV drivers) and additional $200 special payments, rather than broad tax cuts.
Context: These discussions come as global fuel prices remain elevated, leading to concerns about the overall cost of living.
[07/05, 6:47 pm] Close friend comments: How to subsidize diesel as per their suggestion. Throwing money into fire.
[07/05, 6:48 pm] ☸️ Danny 心: Exactly.
That's why I keep rebutting them. Including an economist TikTok video who support our government stand. I also help to explain why cannot subsidies fuel and diesel in the comments section - targeted by oppies attacking the economist to justify removing fuel tax.
They will sink Singapore finances.
[07/05, 6:54 pm] ☸️ Danny 心: These people don't have economic grounding and strategic depth - but yet insisting on making such dangerous suggestions.
Fuel tax though fixed including GST in total are percentage of fuel prices - and removing it will create a big lobang in our fiscal budget.
The rest of the taxpayers are financing this small group of people which will be a black hole as fuel & diesel prices keep escalating.
Subsidise tax or fuel tax removal will lead people to use more, rent out their vehicles after office hours for leisure or other frivolous purpose, keep refueling and then store it in containers etc - while the rest of taxpayers keep using tax money to compensate them.
This is what happens to Malaysia and Indonesia as well as other countries that subsidise fuel/diesel or remove fuel/diesel tax.
End up the countries financial coffer go into red, need to ration fuel/diesel and finally their fuel/diesel reserves run dry.
Diesel is also used to complement LNG as fuel to generate electricity.
The whole economy and transport stop functioning.
@Babe:@Babe:Jamus Lim is trying to define social needs for some groups of people but neglected the needs for other groups - playing the role of a "social judge".
Who has given him the right to do so?
@Babe:Apparently Jamus Lim very weak in the economic principles of scarce resources, demand, supply, opportunity cost vis a vis definition of social needs.
As well as knowledge of alternatives such as MRT, bus, taxi, private hire, av - a mass mover versus a selfish self-centred private car in lieu of limited road space.
@Babe:@Babe:Just cannot understand some people:-
1. call cab cannot?
2. call grab cannot?
3. take MRT cannot?
4. take bus cannot?
5. rent car cannot?
die die must buy a car? no car can die?
if die die want car, then work hard, earn more money, bid for coe and buy lor.
so many people can travel everywhere with public transport without a car - but yet some people prefer the vanity to own a car.
cannot afford Kao beh Kao bu.
@Babe:Limited land space that are shared by the population is an expensive economic goods.
People who want to own cars for its private use must pay a high price for this privilege luxurious commodity for its own used at the expense of the rest of the population.
I am surprise Jamus Lim as an economist don't understand this Economic principles and try to fool his supporters appealing to compassion - but work against the benefits and interest of the population at large for a few selfish individuals not willing to pay the price to enjoy the privileges.
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@Babe:Opposition parties, such as The Workers' Party (WP), have called for greater transparency from GIC, particularly regarding its total assets, performance figures, and the specific valuation of its unlisted assets, arguing that Singapore's sovereign wealth funds are falling short of transparency standards compared to other nations and that the lack of detail raises questions. While GIC discloses its policy portfolio and some performance data, the WP and others have specifically requested more detailed public disclosure of its total assets, arguing it does not share annual performance figures and that hiding performance figures is not sensible, according to The Workers’ Party.
Sovereign wealth funds’ transparency—by Chua Kheng Wee Louis
Delivered in Parliament on
28 February 2025
https://share.google/QOD16Q4Ipwwt2WY0S
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1. I take very strong stand against WP in Parliament and some opposition parties position to force our Government to be transparent and reveal GIC financial statement.
2. We need to keep our financial positions secret and not to reveal to the outside world because there will be crocodile out there in the world that can launch speculative attacks on Singapore finances, lead our nation wealth to plummet, including yours and mine (denominated in S$) or even bankrupt our reserves.
3. Because our sovereign reserves is to protect Singapore wealth, you and my wealth - not to subject to speculative attack by any hostile foreign actors.
4. Hence WP position and some opposition parties position in revealing our reserves and GIC assets - are in fact harming Singapore, as well as your wealth and my wealth.
5. WP and the opposition parties are assisting hostile state actors to attack us by pressing our government to reveal our financial reserves leaving us vulnerable to financial attack.
6. We must not be gullible and fool by WP that will harm all of us.
7. Imagine your wealth and my wealth suddenly cut by 1/2 in values after hostile actors successfully launch a financial attack on us aided by our oppositions and hostile actors earn 1/2 of our wealth thanks to our oppositions?
@Babe:心法:
1. How George Soro speculative attack destroy UK, Mexico, some ASEAN countries financial system and economies.
2. Assume US $1 = UK $1 pound for easy illustration and understanding.
3. Through future trading, assume Soro come into UK market to buy or borrow UK 50 billion pounds. (Note:- Soro taking significant position can influence market trends).
4. UK pound exchange rate value increase and US $ fall as UK in short supply in UK financial market.
5. Soro buy US $ of $60 billion using UK $50 billion pounds as UK pounds is stronger than US $.
6. US $ in UK market in short supply. But US $ as global reserve is needed to make payment for trade.
7. Hence UK business and banks will chase up US $ by buying at higher prices using UK pounds. Leading US $ to strengthen against UK pound.
8. Because Soro significant position suck up significant US $ in the UK financial market leading to short supply, UK Central Bank (Bank of England) will have to release US $ in its reserve to stabilise the exchange rate between UK pound and US$.
9. But as Soro significant position knowing how much Bank of England US reserve is could draw down the CB US reserves beyond what it have to stabilise the exchange rate.
10. Assume CB only have US $30 billion, UK are still short of US $30 billion to support the payment of trade needed by UK business and banks.
11. So in order for UK economy to service the trade payment, CB have to devalue the UK pound to buy US$ assume UK $2 to US$1.
12. Soro is waiting for this opportunity to earn a big buck and raid UK Bank of England reserves.
13. Soro only needs to use US$25 billion to pay back UK $50 billion pounds as the exchange rate now is 1 : 2.
14. Soro earn US $60 billion - US $25 billion = US $35 billion with virtually 0 or minimal capital.
15. Whereas UK wealth plummet by 1/2 as it devalue its UK pound from 1:1 to 2:1 against the US$.
16. How does HK through the backing of China reserves stop Soro speculative attack against one country after another for his personal gain - and lead to the bankruptcy of Soro Long Term Capital Management Fund?
17. Soro launch a similar ploy on HK financial markets again through future trading.
@Babe:18. But HK through the backing of China are ready for it.
20. Soro target HK equity and currency exchange through future trading leading turbulence selling of HK shares and currency.
21. But China financial reserves are very strong and much more than Soro depth in many folds, whereby Soro is unable to know how deep China and HK reserves are.
22. As Soro sell HK shares and currency extensively, China and HK keep buying to maintain and preserve its exchange rate stability with US $ as well as sustainable share prices.
23. As Soro is unable to exploit its significant position, because this significant position is in the hands of China and HK, Soro is not able to profit from the differences in exchange rate through the future contract as his predicted market trend cannot be materialised.
24. As a result, when the future contract mature, Soro funds got to top up the significant differences in the shares and the currency exchange to fulfil the future contract.
25. Eg. Soro predict HK currency to be low 2:1, but ended up 1:1 due to active prop up by HK and China CB, Soro got to dig into his fund to pay the differences.
26. So if he borrow HK$50 billion using US$50 billion, he now have to use US$100 billion to repay HK$50 billion when the future contract mature.
27. Hence Soro fund bankrupt.
1. To conclude, I take very strong stand against WP in Parliament and some opposition parties position to force our Government to be transparent and reveal GIC financial statement.
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@Babe:[16/10, 11:00 am] ☸️ Danny 心: Inheritance tax and capital tax are the main drivers that chase away millionaires from the country.
WP Jamus Lim say taxes on the rich is not the main motivator that chase away rich individuals and business when he debate the GST tax.
He is always wrong economically.
[16/10, 11:06 am] ☸️ Danny 心: If millionaires migrated, they will stop creating business and jobs. And many Singaporeans will lose their jobs. Economic growth will be dampened.
In addition when that happens, the tax burden fully falls on the middle income and the lower income groups.
This means an even higher GST tax will need to be levied for the loss of tax income - and no GST vouchers will be issue to these 2 groups as the GST tax collection can barely cover other government expenditures with lesser leftover for GST vouchers and CDC vouchers.
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[13/11, 11:15 am] ☸️ Danny 心: "Singapore ranked third top destination for world’s wealthy: Savills".
After Dubai, New York.
HK and Abu Dhabi 4th and 5th.
https://www.edgeprop.sg/property-news/singapore-ranked-third-top-destination-world%E2%80%99s-wealthy-savills#:~:text=Advertisement-,Singapore%20ranked%20third%20top%20destination%20for%20world%E2%80%99s%20wealthy%3A%20Savills,-By%20Atiqah%20Mokhtar
[13/11, 11:18 am] ☸️ Danny 心: Singapore also ranked among the top locations for legacy, given its absence of inheritance, capital gains and wealth taxes.
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@Babe:
To summarise, WP have governance deficiencies in the following areas:-
1. Economic engineering deficiency.
2. Social engineering deficiency - misplaced compassion.
3. Financial engineering deficiency.
4. Tax engineering deficiency.
5. Technology engineering deficiency.
6. Political engineering deficiency - adopting populist policies to gain votes instead of holistically and objectively solving difficult issues that impact the Nation.
How to let WP alternative policies take root?
@Babe:Singapore hard earned economic miracle will cease to exist and fail if WP alternative policies is to take root and govern Singapore.
@Babe:Only 1 word to summarise WP alternative policies.
"Disastrous" !
Cannot stand up to scrutiny.
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@Kevin:do we even need a good gov given SG is situated in a regional hub where billions of flows pass through?
@Babe:Did money drop into your pocket just because you are in Singapore?
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