Thursday, February 8, 2024

REACH 536 - What are your views on the debate on our national reserves? How can Singaporeans safeguard our future?

(SK)

08 Feb 2024 (10am - 7pm)


REACH

8/2/24, 9:23 am - +REACH: *Dear Contributors,*

Welcome back! 😊

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Thank you

Megan 😊

8/2/24, 9:24 am - +REACH: *📢 Topic 📢*

Parliament on Feb 7 discussed the question of Singapore’s national reserves and how much should be spent from them to meet today’s needs.

In response, Prime Minister Lee Hsien Loong said that this compact of protecting the reserves has been forged across generations of Singaporeans, and had also been upheld across both sides of the House. “We must not erode the patrimony, this family treasure, which we have inherited from our forefathers, nor should we burden future generations with debt nor mortgage their future,”he added.

💬 *What are your views on the debate on our national reserves? How can Singaporeans safeguard our future?*

Key issues raised from the debate:

📌 _*Reserves are a strategic asset, and it is against our national interest to reveal the full size of the reserves*_

In response to suggestions to reveal the full size of Singapore's reserves, Minister Indranee noted that there is already publicly available information on the reserves from the Monetary Authority of Singapore (MAS), Temasek and GIC. However, she added that the reserves are a strategic asset and hence all the information about them should not be disclosed.

📌 _*Reserves are not accumulating faster than necessary*_

Minister Indranee said that if Singapore were truly over-accumulating its reserves, the Net Investment Returns Contribution (NIRC) would be growing at a much faster rate than the gross domestic product (GDP). However, the NIRC has remained stable at about 3.5 per cent of GDP.

📌 _*The NIRC’s 50-50 formula balances current and future needs of Singaporeans*_

Minister Indranee said the current formula strikes a balance between Singapore’s current and future needs by spending 50 per cent of the investment returns while putting the remaining 50 per cent into the reserves to grow for the future.

PM Lee added that the reserves helped Singapore protect lives and livelihoods during the Covid-19 pandemic, and that the pandemic was far from being the worst thing that can happen to Singapore.

📌 _*Reserves monies invested in endowment and trust funds do contribute towards current needs of Singaporeans*_

Minister Indranee said that the monies that the Government put in funds are not just for the far unknown future, but resources set aside to meet funding commitments that are benefiting Singaporeans today. This includes packages such as the GST Vouchers Fund, Merdeka Generation, Pioneer Generation Packages, and funding long-term projects like the development of Terminal 5 and other aviation facilities.

📌 _*Reserves accumulation does not come at the expense of CPF savings*_

Minister Indranee said there is no assurance that GIC’s returns will exceed CPF interest rates in the shorter term, and there have been years where GIC’s returns fall below CPF interest rates, but the Government does not cut CPF interest rates.

Where GIC has earned returns higher than CPF interest rates, this is used to cover for the many years of low interest rates, and when GIC earns returns below CPF rates.

📌 _*Putting proceeds from land sales into reserves a stable and sustainable stream of revenue for Government*_

Minister Indranee said that there are several pitfalls to this suggestion. 

First, land sales are affected by property cycles, which are volatile and difficult to predict. This would mean government revenues could fluctuate with the market, making it more difficult for the Government to plan for the long term.

Second, when the Government relies on land sales to fund spending, it could develop a vested interest in keeping land prices high to maximise revenues.

Minister Indranee argued that by accruing land sales proceeds to the reserves, investing them and using 50 per cent of the investment returns through the NIRC, the Government is spending from land sales proceeds, but indirectly rather than directly.

👉🏻 https://www.straitstimes.com/singapore/politics/s-poreans-are-both-beneficiaries-and-stewards-of-the-reserves-pm-lee

👉🏻 https://www.straitstimes.com/singapore/politics/opposition-mps-debate-reserves-accumulation-and-use-6-key-issues-and-the-govt-s-response

8/2/24, 9:26 am - ~ REACH Singapore changed this group's settings to allow all members to send messages to this group

8/2/24, 9:29 am - ~ REACH Singapore changed the group description

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8/2/24, 9:28 am - +Frankie Wee: Is enough for reserve fund when inflation soar high and big spent when less reserves.

8/2/24, 9:50 am - +Thank You: land sale proceed 🤔 developer buys land the. Who buy the HDB 🧐🤔 💭 had been hearing the youngsters talk about BTO being Sooooooooooooooooooooooooo EXPENSIVE!!!!!!!!!!!! HDB stands how many percentage of overall residency? 80%?

8/2/24, 9:52 am - +Thank You: What is the cheapest rate for budget hotel per day $70? 

$70x30days = $2,100

8/2/24, 9:53 am - +Thank You: If someone like a single wants to stay long term can negotiate for a cheaper price like $60/day!!!!

8/2/24, 9:57 am - +Thank You: We know ppl from all walks of life:

A true story was my friend’s husband after divorce he first rent condo then move to budget hotel as condo/HDB rental too expensive.  Well he’s not local earns $8K and above….. and had been like this for 3years

8/2/24, 9:57 am - +Thank You: So to say 羊毛出在羊身上

8/2/24, 9:58 am - +Smiley face: 8 February, 2024

"Mighty or Lucky? Steady & Stability ! "

(“强大或幸运”; 一半一半 !)

"It's easy to spend money and it's harder to earn more money! Money not enough!"

- - anonymity

“花钱容易，赚多钱更难了！钱还不够吗？”

8/2/24, 9:59 am - +Thank You: Now I understand why my parents or the elderly always says when the govt gives you a drum dun be happy as he wil take back the “WHOLE” chicken 🐓😱

8/2/24, 10:01 am - +Thank You: This morning overheard the our deputy PM Lawrence earns 5 salary 🤔

8/2/24, 10:01 am - +Thank You: Em he is not being like by the senior…….

8/2/24, 10:03 am - +Thank You: Reserve is not transparent 🤔 what’s the implication if it was?

8/2/24, 10:03 am - +Smiley face: 1 chicken: 1 drumstick

Or

1 chicken: 1 egg

8/2/24, 10:03 am - +Thank You: So sad 

1 chicken : 1 drumstick

8/2/24, 10:05 am - +Thank You: Oh is the new phrase of Govt give 1 egg and take 1 chicken 🤷‍♀️

8/2/24, 10:05 am - +Rama: Yes

8/2/24, 10:06 am - +Smiley face: The concept of Comparative analytics?“ Envy or Angry?

"人比人，空气死很多人 ?”

8/2/24, 10:06 am - +Rama: 4 side line!?

8/2/24, 10:07 am - +Smiley face: Apa 4 lines?

8/2/24, 10:07 am - +Rama: Side income ontop of main!

8/2/24, 10:09 am - +Rama: Angry!

8/2/24, 10:09 am - +Smiley face: Wait....chill....

8/2/24, 10:09 am - +Frankie Wee: No give then no live

Give and take then live 

Which mean no give is zero

8/2/24, 10:11 am - +Frankie Wee: How about USA Govt reserve dry up and more debt keep on painting USD

8/2/24, 10:12 am - +Smiley face: In yourself, you see your abilities and capabilities as an infinite course of knowledge and skills gathering (and not about competing with others around you and the larger world)

It is You and it's not about the existential Competitions and Comparisons; the fear of losing and the anguish of failings! (FOLO).....

8/2/24, 10:14 am - +Smiley face: Good excellent example! Thanks!

$34 Trillions and accelerating towards $50 Trillions!

So how to play this DEBT CRISIS in the making? And the larger GLOBAL DEBTS CRISIS!

Either it will IMPLODE or EXPLODE, sooner!

8/2/24, 10:14 am - +XaniceAfcai: Pls do not discriminate all cyclists. 

I'm a cyclist (but not advance one) who basically cycle to work and for groceries. I'm also a victim of other pmds and cyclist who nearly knock onto me n impatient beeping me for slow movement. I death dare at them n even tell them off..can't u wait..

My suggestion:

If want to discriminate or catch those inconsiderate ones, punish those ppls who make the offence by clocking the community hrs or volunteer by catching the speedy pmds or cyclist.

Of cos, everyone play a part.. one needs to look out for dangerous act. 

Dun tell me.. cars dun speed.. if many vehicle on the road speed etc, does it mean ban all vehicles? <This message was edited>

8/2/24, 10:15 am - +Frankie Wee: Country go bankrupt if GDP going negative more drop 📉 then economy is collapsing

8/2/24, 10:16 am - +Smiley face: Automatic 自动 !

A sense of thought for others, that's the way forward riding

8/2/24, 10:16 am - +Frankie Wee: Keep on push and push trade with balance support GDP

8/2/24, 10:17 am - +Smiley face: Will never come, this D Day!

If so happens, SG kena jialiat lo !

8/2/24, 10:17 am - +XaniceAfcai: Culture also play a part..

That why I believe Moe is culturing our young ones to do moral act n character  building. Hope our future generations will...

8/2/24, 10:17 am - +Smiley face: Selfless or Selfish!

8/2/24, 10:17 am - +Frankie Wee: Ownself

8/2/24, 10:17 am - +Rama: Becoming a banana Republic with monkey printed money soon of no value!

8/2/24, 10:18 am - +Frankie Wee: Yes things useless no value

8/2/24, 10:18 am - +Smiley face: Let it be known! Bananas don't grow well in the USA!

8/2/24, 10:19 am - +Smiley face: One thought.....the Americans are NO Fouls so are the Chinese and the Russians too!

8/2/24, 10:19 am - +Rama: Yankees don't even know where Singapore is!

8/2/24, 10:20 am - +Smiley face: Sure, book it in....there is always Value

8/2/24, 10:20 am - +Frankie Wee: Donald Trump is back election he want tell public make American great again. 

Action than no word nor louder than action

8/2/24, 10:20 am - +Rama: Dotard's tag line!

8/2/24, 10:20 am - +Smiley face: They DOODA DOODA you.... that's the Yankee DOODA!

8/2/24, 10:21 am - +Rama: Senator Tim Cotton grilling Tik Tok Singapore CEO is a fine example!

8/2/24, 10:21 am - +Smiley face: Will Donald be banned from the Poll in November?

A Yankee song goes like this....

8/2/24, 10:21 am - +XaniceAfcai: Live on its own world. Then ban them to isolated island to let them cycle as much as they can... Plenty if space yo roam ard the island.🙄

8/2/24, 10:21 am - +Frankie Wee: He want seek appeal Justice

8/2/24, 10:22 am - +Smiley face: Life is a big theatre and the naughty ones happen to sit in front of you...?

8/2/24, 10:22 am - +Rama: Courts are looking 150 years back into the civil war to decide.

8/2/24, 10:22 am - +Frankie Wee: Human mankind thinker of wise making a power political

8/2/24, 10:22 am - +Smiley face: Sure! Book it in, Donald will play it up and freedoms!

8/2/24, 10:22 am - +Frankie Wee: Exactly

8/2/24, 10:23 am - +Smiley face: Let's go back to Lincoln's time!

8/2/24, 10:23 am - +Smiley face: Is a theatrical......

8/2/24, 10:23 am - +Frankie Wee: Lincoln was first person American we want YOU

8/2/24, 10:24 am - +Smiley face: Importantly, SG must secure footings with our Yankee! Ahead of the curve...that means ahead before September arrives or it's running late into the game!

8/2/24, 10:25 am - +Smiley face: Waited....no longer a valid political narrative!

8/2/24, 10:26 am - +Smiley face: Trade benefits, the inevitable consequences of resetting agreement of trades and diploma including relationships...all reset

8/2/24, 10:26 am - +Smiley face: Diplomacy

8/2/24, 10:27 am - +Smiley face: Can we invite Intel to set up a facility in SG?

8/2/24, 10:27 am - +Smiley face: Koreans suffering wounds,...now!

8/2/24, 10:28 am - +Smiley face: Taiwanese have gone to Japan....

8/2/24, 10:28 am - +Smiley face: Semiconductor....SK etc the entire chain supplies

8/2/24, 10:28 am - +Frankie Wee: Korean famous technology like Samsung, LG sold in world

8/2/24, 10:29 am - +Smiley face: This message was deleted

8/2/24, 10:30 am - +Smiley face: This message was deleted

8/2/24, 10:32 am - +Smiley face: This message was deleted

8/2/24, 10:33 am - +Kenneth Lee WM: I think gov should have a savings target, announce it and publicise it.

As long as savings target hit, no tax increases, able to spend the surplus as needed.

Right now I get the impression that gov is being extremely cautious and try to squeeze out as much money from the population as possible.

8/2/24, 10:35 am - +Smiley face: Concepts of Squeeze?

Can also be related to the concept of Balancing ?

Let's investigate the history of both rules of the game of gain and loss!

8/2/24, 10:36 am - +Smiley face: Simplistically, let's start with HDB or even COE?.....

8/2/24, 10:37 am - +Frankie Wee: https://www.channelnewsasia.com/commentary/ipef-talks-singapore-free-trade-agreement-us-asia-indo-pacific-trump-3472691

8/2/24, 10:37 am - +Smiley face: Cut the chart of either or both into half, that's twenty five years ago and Now!

Understand each metric of value and trajectory of growth and superimpose onto the overall economic growth?

8/2/24, 10:38 am - +Frankie Wee: How power he is to win the election he wanted the trade war with Asia Pacific countries

8/2/24, 10:38 am - +Smiley face: In every kind of war, including the election war....you have pundits and media supporting the causes and the generator of narratives to what?

8/2/24, 10:38 am - +Frankie Wee: I would said this crazy iPhone cost $3k

8/2/24, 10:39 am - +Smiley face: Paper Money and Paper Tiger....

Bring both to the negotiating table, please, Sooner!

8/2/24, 10:39 am - +Smiley face: Not so, Tim Cook is not foolish

8/2/24, 10:40 am - +Frankie Wee: Tim Cook stress govt policies <This message was edited>

8/2/24, 10:41 am - +Frankie Wee: Every price is soar and inflation over the war trade from western.

8/2/24, 10:42 am - +Smiley face: Fyi....China, strategically speaking still commands 60% of Global manufacturing....so where are these outsource factories gone to? Years ahead and years ago....gone liao! All in the search of lower cost of production and so called derisking US hegemony?

8/2/24, 10:42 am - +Frankie Wee: MTI views charter how high inflation can affected economy

8/2/24, 10:42 am - +Smiley face: Business and politics...... blurry

8/2/24, 10:43 am - +Smiley face: No sweat! Owneself self scares and overnite cannot sleep soundlly.....?

8/2/24, 10:43 am - +Frankie Wee: I tell my my boss I have a new job salary $8k administrative 

Boss said are you CRAZY

8/2/24, 10:43 am - +Smiley face: Pls change jobs and your boss will scare Liao lor !

Act on it and walk the talk !

8/2/24, 10:43 am - +Frankie Wee: Boss can sale high profit against margin %

8/2/24, 10:44 am - +Smiley face: To make profit mah !

8/2/24, 10:44 am - +Frankie Wee: Purchase trade high then sale 3-4 times higher

8/2/24, 10:44 am - +Frankie Wee: More soar inflation

8/2/24, 10:44 am - +Frankie Wee: FED said won’t cut back rate

8/2/24, 10:45 am - +Smiley face: Seriously, do Human really LOVE to work or even work harder?

Ask Megan, pay her P and you will see no Monkey! That's pragmatic! Lol

Disclaimer as a metaphor to illustrate....

8/2/24, 10:45 am - +Frankie Wee: Accountant and lawyer or doctor will be replaced Ai

8/2/24, 10:45 am - +Frankie Wee: Company can make high profit

8/2/24, 10:46 am - +Smiley face: Wait lah....the game of election from POTUS to the grounds yet to drum up!

8/2/24, 10:46 am - +Smiley face: Later...

8/2/24, 10:46 am - +Frankie Wee: 2050 really going beyond future changed

8/2/24, 10:46 am - +Smiley face: Are you sure?

8/2/24, 10:46 am - +Smiley face: That's highly possible it will materialise!

8/2/24, 10:46 am - +Frankie Wee: Unsure point of viewer

8/2/24, 10:47 am - +Smiley face: What view? Tell AI, aka anonymity....lol

8/2/24, 10:47 am - +Frankie Wee: Govt see think going to increased jump GST 12%

8/2/24, 10:47 am - +Smiley face: No sweat lah.... let's prospect 10%, please

8/2/24, 10:48 am - +Smiley face: Bring in the 10%.....不三不四

8/2/24, 10:48 am - +Frankie Wee: More higher what Donald trumps wanted for if USA people vote him

8/2/24, 10:49 am - +Smiley face: So long inflation adjusted... wage incremental of 3% to 4%...that's ok.

8/2/24, 10:49 am - +Smiley face: Must win and make America Forever Great'....

8/2/24, 10:50 am - +Rama: Agree

8/2/24, 10:51 am - +Rama: Afraid to let you go?!

8/2/24, 10:51 am - +Smiley face: Agree, somehow agree... however...

Do you let your neighbors or strangers look into your savings book?

8/2/24, 10:51 am - +Smiley face: Advantage! Frankie!

8/2/24, 10:53 am - +Rama: After 2030, GST possible to go 10%

8/2/24, 10:53 am - +Smiley face: Let's prospect 2028/29 or its too sensitive because of GE?

8/2/24, 10:55 am - +Rama: Opposition sees it as everyone savings bank!

8/2/24, 10:57 am - +Smiley face: Good view and good point!

If you delay it, it's like kicking the can of opportunities further....this case our future critical windows to invest in !

Before you think of social services and other spending, you must have robust revenue and sources of revenue to weather all future fittings and unknown factors that will dislocate our SG!

Let's think deeper.....

8/2/24, 10:57 am - +XaniceAfcai: Even our neighboring country tax will increase fr 6 to 8% next mth.

One shot so that merchant has no excuse to keep on adjusting the price.

8/2/24, 10:57 am - +Bhavani: This message was deleted

8/2/24, 10:57 am - +Smiley face: Multiplier effects

8/2/24, 10:58 am - +Smiley face: Why and where is it?

8/2/24, 10:59 am - +Redzuan: The gst can jump to that high to supplement the amount back to the citizens, but public properties must be affordable. Cos it directly impacts transportation and other expenses. For instance now the transport for schoolbus shoots up almost 70-90%. And how much can the government intervene, and it burdens a lot more when the household has more than 2 kids.

COE prices, fuel prices.... yada yada.. 

Space Rentals keep going higher.. despite lots of empty units. Whyy?? (Maybe some statistics gathered can explain this)

After covid prices of commodities are almost double, why?? (Perhaps statistics can explain this)

 🤔

8/2/24, 11:04 am - +Bhavani: Hi I am not discriminating all cyclists. I just said that when singapore is going carlite, it should separate roads into two categories: 1 for less cars then a barricade then 1 for bicyces. The current pedestrian pathways are extremely dangerous as many cyclists speed, don't even honk, and not just elderly, children and teens but even others find it difficult to get out of the way. Cyclists, pmds and pedestrians should certainly not be lumped onto pedestrian pathways

8/2/24, 11:06 am - +Bhavani: It has become a real nightmare to walk on pedestrian pathways. I am not the only one saying this. Look at reddit and Facebook forums how many are saying this. <This message was edited>

8/2/24, 11:09 am - +Bhavani: Recently a pmd rider hit a 92 year old elderly in a bus interchange. When a bus interchange can be so dangerous, what about pedestrian pathways.

8/2/24, 11:10 am - +Bhavani: When we are encountering speeding cyclists/pmds all the time

8/2/24, 11:21 am - +Rama: Agree

8/2/24, 11:25 am - +XaniceAfcai: Msia. When I went in massage last weekend, the Cs told me.

8/2/24, 11:26 am - +XaniceAfcai: The issue is inflation rate increase but our claims for health care and others still remains... Cannot catch up n balance.

8/2/24, 11:26 am - +Rama: Enforcement by LTA/TP is poor still!

8/2/24, 11:26 am - +Telephone number: Severe shortage of manpower.

8/2/24, 11:27 am - +Rama: CCTV/AI!?

8/2/24, 11:27 am - +Smiley face: AI CCTV + AETOS ?

8/2/24, 11:27 am - +XaniceAfcai: True. Need to tighten the rules n law.

8/2/24, 11:29 am - +Rama: Raise the penalty meanwhile!

8/2/24, 11:30 am - +Redzuan: To bring back these prices down, gonna impact votes.. 

We do not want a blame game later in the future. 

For eg.

"We are not taking the risk to implement now because it may impact my pay"....

🤔🤔🤔

8/2/24, 11:31 am - +Rama: Land constraints along with other infrastructure will only allow limited success for some areas outright only.

8/2/24, 11:31 am - +Rama: Agree

8/2/24, 11:32 am - +XaniceAfcai: Let those 'offenders' do the preliminary task aka community work by catching its own kind...need to meet quote if not cannot reduce community pts( use pts to judge them to clear their offend task. Eg more pts reduce  if they are serious in their work. ) Lta who ever relevant authority need to address this issue but not wait for happening...

8/2/24, 11:38 am - +Rama: With incentive!

8/2/24, 11:48 am - +Bhavani: If we are truly going carlite, then we can separate the roads by allowing one lane for cars (less cars) and 1 lane for bicycles. There is no need to lump cyclists and pedestrians together on paths


8/2/24, 11:49 am - ☸️  Danny 心: 

1. Safeguarding our national reserves is consider one of the most vital strategic assets that we must protect and never let it wasted away frivolously.


2. In fact this topic is very close to my heart - because our stakes, our younger generations and our future generations stake - are heavily contingent on this strategic assets 


3. We must not let anyone take the easy way out to utilitse more NIRC 60% or 70% or all of the NIRC to finance the yearly fiscal budget - because this will systematically deplete all our sovereign funds in the long run - putting our current generation, our younger generation and future descendants into great risk.


4. My private chat groups are comfortable with the current arrangements of using 50% of NIRC to finance the yearly operating fiscal budget and plow back 50% of the other NIRC to the sovereign funds to grow our Capital and earn more income.


5. This formula must be steadfastly enshrine into our Constitution - to ensure no unscrupulous political parties or politicians exploit our hard earned national wealth and fritter it away


8/2/24, 11:49 am - +Bhavani: Right now I don't see carlite many roads are still congested with cars, vans and lorries <This message was edited>

8/2/24, 11:50 am - +Bhavani: This defeats the aim to go carlite


8/2/24, 11:50 am - ☸️  Danny 心: 

https://sgmatters.com/a-country-that-does-not-take-care-of-its-future-has-no-future/

PSP wants to spend 100% NIRC from reserves.

WP wants 60% to 70%.

PAP 50%.


8/2/24, 11:52 am - ☸️  Danny 心: 

My close friend comments:-

Now only post pandemic, want to spend 100% nirc. 

War how?


My comments:-

That's why I won't vote for PSP and WP.

I spoken to my family members, they say don't vote the oppositions.

They will raid our reserves and leave nothing for our children and grandchildren.


8/2/24, 11:53 am - +Redzuan: Aiyoh, this one only politics. Only PAP knows the reserve numbers. 🫣

8/2/24, 11:56 am - +Redzuan: The head of state and ministers takes the oath to protect the reserves for future Singaporeans. Keep it that way. 

This topic exposes secrets, and the world is watching 🧐


8/2/24, 11:58 am - ☸️  Danny 心: 

WP shifted position on reserves since days of Low Thia Khiang: DPM Wong.

https://petir.sg/2023/02/24/wp-shifted-position-on-reserves-since-days-of-low-thia-khiang-dpm-wong/


8/2/24, 12:02 pm - ☸️  Danny 心: 

WP previously under Low Thia Kiang want to protect our national reserves - and this is a responsible politician.

But this current batch of WP politicians are eager to change course and try to raid our reserves.

PSP lagi best - spend 100% of NIRC and even try to raid the land bank revenues.

No way, my family members, extended family members and close friends in my private chat groups will support the oppositions. <This message was edited>


8/2/24, 12:06 pm - +Rama: There's costs involved which has to be taken into account whatever the proposal.

8/2/24, 12:07 pm - +Rama: PSP is a wash out!

8/2/24, 12:07 pm - +Rama: Keep the value and the basket of currency for our reserves under lock and key.

8/2/24, 12:09 pm - +Khuan Yew: Minister Indranee’s replies were outdated and selective. She repeated the mantra that the nation’s stability would be at stake if it was disclosed because there would be an “enemy” that might take advantage of the country. There is no proof that such an “enemy” exists because countries like Norway disclose the size of their sovereign wealth fund and there has been no country or financial trader who has targeted Norway’s economy or currency. 

In fact it is better to have transparency and accountability like what the Norwegians have done.

8/2/24, 12:11 pm - +Rama: PAP can go lower if circumstances dictate but throw WP/PSP comments in the trash bin!


8/2/24, 12:11 pm - ☸️  Danny 心: 

Yesterday I was watching the Parliament debate.

PSP Leong mun wai bring up the motion to use more reserves and use land sales revenue, disclose reserves numbers.

Hazel Poa speak to support.

Then WP Pritam Singh say he support using more NIRC beyond 50%.

Jamus Lim support his motion.

These 2 MPs are the main culprits that propose raiding more of our reserves.

My blood pressure went up.

When coming to vote, all WP MPs and PSP NCMPs stand up - wanting to raid the reserves.

My blood pressure reach boiling point.


8/2/24, 12:12 pm - +Rama: Hit them hard in Parliament to show their incompetence!

8/2/24, 12:13 pm - +Khuan Yew: Furthermore, Minister Indranee said that the CPF interest rates were not cut in years when GIC’s returns were lower than CPF. However, this is just a selective argument. GIC’s annual report shows that it had annual returns of 6.9% per year over the past 20 years. This is still way higher than the average of 3.7% that GIC pays to CPF.


8/2/24, 12:14 pm - ☸️  Danny 心: <Media omitted>

 






8/2/24, 12:14 pm - ☸️  Danny 心: <Media omitted>

8/2/24, 12:14 pm - ☸️  Danny 心: <Media omitted>

8/2/24, 12:14 pm - ☸️  Danny 心: <Media omitted>


8/2/24, 12:14 pm - +Smiley face: Malaysia paying 6% or more for their EPF...should we follow suit?

8/2/24, 12:15 pm - +Smiley face: Uncle Solo...

8/2/24, 12:15 pm - +Rama: Did Norway say which basket of currency their sovereign wealth fund is made up of!? That's how ill intend manipulate!

8/2/24, 12:15 pm - +REACH: *Speech by PM Lee at the Debate on the Motion on Public Finances* 

👉 More: https://m.youtube.com/playlist?list=PLqvAkd0-laMdfMDnLUwtmh7Lker7zuijO&si=t5qxLD_1JMsNACg1


8/2/24, 12:19 pm - ☸️  Danny 心: 

1997 speculative attacks on Asia currency - lead to a massive financial crisis not only in Asia but the whole world.

The suspected culprits is Soro with some unknown fund managers with trillion dollars of funds - cause devaluation of Thai baht, Indonesia rupiah, and Malaysia ringgit.

Singapore currency is not left unscathed if not for our secretive undeclared financial reserves - help to prop up our currency - and prevent our national wealth and personal wealth from being depleted.

Malaysia have to impose capital control to prevent currency flight - but trigger investment flight in Malaysia.

If we have disclose our financial reserves, Soro will have amass more funds to deplete our currency - and all our wealth will be depleted in no times.


8/2/24, 12:20 pm - +Thank You: When Lawrence and YK ONG speaks   I faint 🤣


8/2/24, 12:22 pm - ☸️  Danny 心: 

How Beijing and Hong Kong sent billionaire George Soros packing the last time he attacked Asian markets.

The history of how George Soros has affected currencies and economies in Asia is remembered with some bitterness.

https://www.scmp.com/news/china/economy/article/1906325/how-beijing-and-hong-kong-sent-billionaire-george-soros-packing


8/2/24, 12:22 pm - +Rama: Don't trust George Soros!

8/2/24, 12:22 pm - +Rama: Right move


8/2/24, 12:23 pm - ☸️  Danny 心: 

Even China and HK with strong financial strength are also under stress - from Soro speculative currency attack.


8/2/24, 12:23 pm - +Rama: Utterly disappointed both!

8/2/24, 12:24 pm - +Khuan Yew: CPF should start being a proper retirement fund manager. It is merely an administrator now and instead passes the money on to GIC as “national reserves”. GIC then earns a higher return and the government keeps the difference after paying CPF members. In other countries, the retirement fund invests in properly constructed and managed portfolios to earn a decent return that beats inflation and all that benefit is given to its members. 

Only in Singapore, are people told not to take risks in their retirement planning and to put it in risk free CPF to earn a steady return. However the return hardly beats inflation and that is why the average Joe cannot retire on his CPF savings because it has not grown sufficiently. There are many pension funds around the world that earn 6% p.a. over decades for their members.

8/2/24, 12:24 pm - +Smiley face: https://youtu.be/BVXyprEo_kk?si=qU1chfkDsbjvNMYt


8/2/24, 12:24 pm - ☸️  Danny 心: <Media omitted>

 

 




8/2/24, 12:25 pm - +Smiley face: "Mighty or Lucky? Steady & Stability ! "

(“强大或幸运”; 一半一半 !)

8/2/24, 12:26 pm - +Smiley face: Not billions of people know how to Manage their money in highly disciplined ways nor millions who think they can manage their lives pretty well may sometimes turn into nightmares?

8/2/24, 12:26 pm - +Frankie Wee: Malaysia low fund and insufficient

8/2/24, 12:27 pm - +Rama: Let's hope

8/2/24, 12:27 pm - +Smiley face: Exchequer rates? Foreign Exchange rates.....

8/2/24, 12:27 pm - +Frankie Wee: EPF 6% ask them to top up more but they are not saving

8/2/24, 12:27 pm - +Smiley face: Runaway......

8/2/24, 12:28 pm - +Khuan Yew: <Media omitted>

8/2/24, 12:28 pm - +Frankie Wee: https://www.nst.com.my/news/nation/2023/02/882811/71-pct-epf-contributors-aged-55-and-below-do-not-have-enough-rise-above

8/2/24, 12:28 pm - +Smiley face: What then is the best formula in savings and saving one's from sufferings?

8/2/24, 12:29 pm - +Smiley face: Oh O ! Frankie you dug it....


8/2/24, 12:30 pm - ☸️  Danny 心: 

Foreign exchange speculative fund in the world per day is US $7.5 trillion.

Anyone think that Singapore sovereign fund reserves can withstand a coordinated speculative attack on Singapore currency if we disclose our reserves number?

You think our $1 trillion enough?

 (Assume we have $1 trillion)?


Our national reserves is our only national security.

We cannot let unscrupulous political parties and politicians as well as their gullible supporters put our national security at risk.

We cannot let our current generation, children generation and future descendants lives, livelihood and economy at risk.


Hence we must jealously guard our reserves, keep our reserves number and use our reserves wisely according to our current constitution. <This message was edited>


8/2/24, 12:31 pm - +Smiley face: Millions thinking or thinking over this NIRC or NRIC....the latter means National Reserves including Capital Gains!

8/2/24, 12:32 pm - +Frankie Wee: NIRC is our IC 🤣

8/2/24, 12:32 pm - +Smiley face: 1st happiness is a big piggy Bank!

8/2/24, 12:32 pm - +Smiley face: You....lol

8/2/24, 12:32 pm - +Smiley face: 2nd happiness?


8/2/24, 12:33 pm - ☸️  Danny 心: 

Norway has join EU.

Their GDP is about $20 trillion.

The EU will protect one another if come under attack.

Singapore, a little red dot, no natural resources, no motherland, only human and our only precious national reserves.

Who will help us if our financial hub come under attack?

Even China and HK are not revealing their financial reserves.

What make Singapore, a little red dot with no backing, no motherland to be so brave to declare everything and let people attack us?


8/2/24, 12:34 pm - +Frankie Wee: Singapore govt borrow IMF if under attack

8/2/24, 12:34 pm - +Smiley face: Living on interests gained or divided paid....you die Faster and why do ?

8/2/24, 12:34 pm - +Smiley face: Don't need and no sweat

8/2/24, 12:35 pm - +Frankie Wee: If got a lot reserved then no issue

8/2/24, 12:36 pm - +Smiley face: Capital Gains is the motherboard of gain!

Interest rates up and down so do dividends too!

See it or....

8/2/24, 12:36 pm - +Frankie Wee: We know Singapore is top wealth in South East Asia

8/2/24, 12:36 pm - +Smiley face: Pls refer to the posted essay dated 3 January....

8/2/24, 12:37 pm - +Smiley face: Let's adjust it to the top 5 , Global....

8/2/24, 12:37 pm - +Smiley face: No tikam tikam !

8/2/24, 12:37 pm - +Rama: So, Indranee is incompetent!?


8/2/24, 12:37 pm - ☸️  Danny 心: 

If we borrow from IMF - then our economic policies will be under distressed because IMF impose very stringent economic and fiscal disciplines in using their money 

Many people will be jobless or work with little pay - because they are obsessed to make business profitable and repay IMF loan.

There is no free lunch.


8/2/24, 12:37 pm - +Smiley face: Wow!

8/2/24, 12:37 pm - +Smiley face: Borrowed cheap.... no sweat

8/2/24, 12:38 pm - +Smiley face: No free money!

8/2/24, 12:38 pm - +Rama: Malaysia government made a huge blunder!

8/2/24, 12:38 pm - +Smiley face: Yes,.... competency?

8/2/24, 12:39 pm - +Frankie Wee: Malaysia economy slowest

8/2/24, 12:40 pm - +Smiley face: One of SG Strategic Advantages is our Sovereign Funds!

See it or...?


8/2/24, 12:40 pm - ☸️  Danny 心: 

<Media omitted>

 


8/2/24, 12:40 pm - +Smiley face: Just that each nation has their own internal challenges....

8/2/24, 12:41 pm - +Frankie Wee: No money can’t afford project HSR

8/2/24, 12:41 pm - +Smiley face: Yes, but but,

8/2/24, 12:41 pm - +Smiley face: Do you tell your neighbors you have tons of money?

8/2/24, 12:42 pm - +Frankie Wee: Singapore already revealed to Malaysia neighbours suddenly change mind can’t afford or look for LRT cheap cheap

8/2/24, 12:42 pm - +Smiley face: GLOBAL politics in play....


8/2/24, 12:43 pm - ☸️  Danny 心: 

Really pension funds in the world doing so well, can earn 6%?

But from what I know pension funds all around the world is under distressed.

Singapore CPF funds are hail as the best run pension funds in the world.

Even EU France got to lengthen retirement because pension fund not sufficient to pay retirees.

US pension fund the same.

I read somewhere, Taiwan and China the same.


8/2/24, 12:44 pm - +Smiley face: If your portfolio earned 6% for your shareholders, perhaps you earned 10% gross?


8/2/24, 12:44 pm - ☸️  Danny 心: <Media omitted>

 


8/2/24, 12:44 pm - +Smiley face: In the real estate pot, your spread is 3-4%

8/2/24, 12:45 pm - +Khuan Yew: Your assumption is incorrect. A lot of the currency exchanges that take place is not speculative but trade related. Furthermore, when the reference is in USD, it is double counted as many currency exchange rates are quoted against USD. So changing SGD to EUR actually requires a trade from SGD to USD and then from USD to EUR. 

Financial speculators do not target countries with sound finances like Singapore. They target those with weak fundamentals. 

This doesn’t get mentioned but Singapore banks are not allowed to lend more than SGD5 million to foreign financial entities i.e speculators. This limits foreign speculators as they can only borrow maximum SGD5 million that they sell in the FX market to buy say the USD. What financial damage can SGD5 million do? Where are the billion dollar financial traders like Soros selling the SGD? It doesn’t exist because they can only sell SGD5 million.

So Minister Indranee’s remarks are selective and outdated. Bordering on misinformation…

8/2/24, 12:45 pm - +Smiley face: Rout of over $7 Trillions in January 2024...

8/2/24, 12:46 pm - +Smiley face: The game of gathering your bullets before the storm....calm Before any storm!


8/2/24, 12:46 pm - ☸️  Danny 心: 

Then 1997 soro speculative currency attack - how do you explain it?


8/2/24, 12:47 pm - ☸️  Danny 心: <Media omitted>

 


8/2/24, 12:47 pm - +Frankie Wee: China over spent project military south East China Sea and heavy invest BRICS

8/2/24, 12:47 pm - +Smiley face: Uncle Solo did not do it all ALONE.....

8/2/24, 12:48 pm - +Smiley face: It is called investments.... ahead deployed Liao !

I lend you and you borrowed and then it's up to you...

8/2/24, 12:49 pm - +Frankie Wee: Then its biggest failure and too regretted has been shrinking down economy

8/2/24, 12:49 pm - +Frankie Wee: Population 3B = per capital rate Low growth GDP

8/2/24, 12:49 pm - +Smiley face: When you have a family of ten people, all sitting at home; how to get half to go out and find jobs?

8/2/24, 12:50 pm - +Smiley face: I lent you yesterday Money and you will pay me tomorrow!


8/2/24, 12:50 pm - ☸️  Danny 心: 

One fund not sufficient firepower to do currency attack.

They will co-ordinate with some other speculative funds to do so - especially when they computed how much they have - and we so stupid disclose our reserves number - then they will be successful in their attack, earn their income at our expense.

So don't let the oppositions fool us and don't let their gullible supporters fool us.

Protect our national reserves like protecting our sovereignty and our motherland.


8/2/24, 12:50 pm - +Frankie Wee: China is culture or money 

Of culture wisely to rebuilding again and again save country too big failure

8/2/24, 12:51 pm - +Smiley face: Yes, sir! You saw it !

Our Sovereign Funds etc are our BULLETS!

8/2/24, 12:51 pm - +Smiley face: Either you go out of your way to build or you build till you are exhausted!

Which way to move, going fwd?


8/2/24, 12:53 pm - ☸️  Danny 心: 

Majority of our population trust our Government, our Ministers including Indranee.

Conversely, I believe majority don't trust the oppositions and those who are determined to raid our national reserves.


8/2/24, 12:53 pm - +Smiley face: Interest rates, fiscal and monetary policies, trades surplus or deficit and other critical resources are the book of valuations of any given nation of interest!

8/2/24, 12:54 pm - +Smiley face: 一半一半 50-50 ?

8/2/24, 12:54 pm - +Smiley face: Assumption model of belief !


8/2/24, 12:55 pm - ☸️  Danny 心: 

Singapore national reserves and our GDP capita is one of the highest in the world.

Precisely because we have the best government and hardworking and trusting population and voters.

The build up of our national reserves and per capita GDP - is not the result of the policies make by the oppositions and its supporters.

Hence it is a no brainer that majority will trust our government foresight , policies and directions.


8/2/24, 12:57 pm - ☸️  Danny 心: 

Like what our PM suggest, WP and PSP should raise their election platforms to raid our reserves in the coming General Election.

And let voters vote.

Let us see the outcome.


8/2/24, 12:57 pm - +Smiley face: Wow! You are Mighty!

8/2/24, 12:58 pm - +Smiley face: "US- South Korea-Japan Summit @ Camp David"

"Is either you do it your ways...or others shall show you their ways?"

- - anonymity


8/2/24, 12:59 pm - ☸️  Danny 心: 

When someone infringe and harm our national security and our national reserves - we must defend it jealously with our lives.


8/2/24, 1:00 pm - +Smiley face: Yes Sir! You are prudently right and what about those cheeky folks poking the piggy bank?

8/2/24, 1:01 pm - +Smiley face: Millions of folks don't know what is poor, poverty or BROKE!

8/2/24, 1:01 pm - +Rama: Starve them with one pot meal for lunch and dinner  for to days. Suspend internet and cable tv.

8/2/24, 1:02 pm - +Smiley face: Not enough!

Take away their wallets!

8/2/24, 1:02 pm - +Smiley face: Concept of Squeezing....

8/2/24, 1:02 pm - +Rama: Ministers cannot use the same past analysis to explain without going deeper! We don't need parrots!

8/2/24, 1:02 pm - +Smiley face: Today is TOMORROW.... this confusing concept


8/2/24, 1:03 pm - ☸️  Danny 心: 

We are not only safeguarding the lives and livelihood of our current generation.

We are safeguarding our children generation, grandchildren generation and future descendants.

This is what Mr LKY and his comrades lay out their lives to do it for us.

We must do the same for our current generation, our children generation, our grandchildren generation and our future descendants.

We must not let this unscrupulous political parties and politicians and supporters - destroy our Singapore civilization.


8/2/24, 1:03 pm - +Smiley face: Yesterday?

8/2/24, 1:03 pm - +Rama: All thanks to the foresight of our foundation government way back then!

8/2/24, 1:03 pm - +Smiley face: You are hitting the home run on the home ground!

8/2/24, 1:03 pm - +Smiley face: Andrew any Mighty batter!

8/2/24, 1:04 pm - +Smiley face: You guys got it all correct!

8/2/24, 1:04 pm - +Rama: As what LKY said! Hit them financially!

8/2/24, 1:04 pm - +Smiley face: Hit them and pls remember not to KENA HIT BACK!

8/2/24, 1:04 pm - +Rama: <Media omitted>

8/2/24, 1:05 pm - +Smiley face: Prudent reply!

8/2/24, 1:05 pm - +Rama: So, be alert in your public comments

8/2/24, 1:05 pm - +Smiley face: No sweat....only if you talk the walk and stand taller!

8/2/24, 1:06 pm - +Rama: Yeah

8/2/24, 1:06 pm - +Smiley face: Again home run, Andrew! You got it ! High five !

8/2/24, 1:07 pm - +Rama: 👍🤝🙏🙌

8/2/24, 1:07 pm - +Smiley face: What is the opposite trying to be the opposite?


8/2/24, 1:08 pm - ☸️  Danny 心:  <Media omitted>

 


8/2/24, 1:08 pm - +Rama: 😳

8/2/24, 1:09 pm - +Rama: Ending up like Kenneth Jeyaretnam, Lim Tean and Leong Mun Wai!

8/2/24, 1:09 pm - +Smiley face: Hokkien says,...act smart!

8/2/24, 1:10 pm - +Bhavani: The cost to life is what's important we can't allow speeding bicycles to cause accidents and hospitalisation. That would incur more costs and pain to pedestrians

8/2/24, 1:10 pm - +Smiley face: What's the hurry man?

You are not even settled with China On Trades and EV and subsidies! A plate full of....


8/2/24, 1:10 pm - ☸️  Danny 心:  <Media omitted>

 


8/2/24, 1:11 pm - ☸️  Danny 心:  <Media omitted>

 


8/2/24, 1:11 pm - +Rama: A balance must be struck nonetheless

8/2/24, 1:11 pm - +Smiley face: Our forefathers purpose-built social infrastructure learned from other Pitfalls and mistakes!

8/2/24, 1:12 pm - +Rama: Work smart not work hard!

8/2/24, 1:12 pm - +Bhavani: We can't be making young seniors and elderly suffering chronic conditions(so unable to work) with no income to pay property tax, gst etc from their savings. They are Singaporeans who have contributed to the reserves.

8/2/24, 1:12 pm - +Smiley face: Yes, you will be surprised many nations are trying to replicate our CPF and importantly, our HDB systems and models!


8/2/24, 1:12 pm - ☸️  Danny 心: 

Singapore CPF pension fund is the top in Asia.

And top 10 globally.

Who say Singapore CPF pension fund not well run?

And the rest of world pension funds well run?


8/2/24, 1:13 pm - +Rama: Thus, the misconceptions!

8/2/24, 1:13 pm - +Smiley face: Let's go to Africa or even part of Asia to do investigative journalism...shall we?

8/2/24, 1:13 pm - +Smiley face: Wait....

8/2/24, 1:14 pm - +Bhavani: We can't keep comparing ourselves to the world. We need to address the anguish of Singaporeans who have toiled hard to contribute to the reserves.

8/2/24, 1:14 pm - +Smiley face: either you spent now and see how your life journeys will turn out to be and letting Society to foot your bills is the biggest mistake any individuals should think of and the counter-measure is simply to be as self-sufficient as one possible could in this mysterious and unknown thing called Life!....

8/2/24, 1:15 pm - +Rama: So, any increase in wages for politicians must not be decided by one!

8/2/24, 1:15 pm - +Smiley face: Never been....unless?

8/2/24, 1:15 pm - +Bhavani: For the past 53 years we have been safeguarding the reserves carefully

8/2/24, 1:15 pm - +Smiley face: Let's party now?

8/2/24, 1:16 pm - +Smiley face: 53 years is a short spell....

8/2/24, 1:16 pm - +Bhavani: This is the true reason why mental health is being affected.

8/2/24, 1:16 pm - +Smiley face: Maybe....

8/2/24, 1:17 pm - +Bhavani: I didn't say we need to party. I just said young seniors and the elderly have contributed to the reserves and they must be compensated when they are suffering now.

8/2/24, 1:18 pm - +Smiley face: Ratio of compensation? Any idea?


8/2/24, 1:19 pm - ☸️  Danny 心: 

Conservely based on research, most wealthy developed and developing countries pension funds are under distress.

They are US, EU, China, Taiwan and many others that I have not attached here.

So do Singaporeans believe what PSP, WP and other oppositions and their supporters philosophy about how to use our national reserves.


Or do we believe in our current Government, PAP's philosophy in the way we currently manage, control and usage of our National Reserves - and safeguard our National Security, our Wealth, our future and our children, grandchildren and successive descendants futures?

We owe alot to Mr LKY and his comrades legacy.

We hence must continue to safeguard our forefathers legacy - and not let unscrupulous political parties and politicians and their supporters raid our precious reserves!


8/2/24, 1:21 pm - +Rama: Likewise for the next 53 years too with a stable government!

8/2/24, 1:21 pm - +Rama: Amongst other reasons

8/2/24, 1:21 pm - +Smiley face: Let's explore reasons...

8/2/24, 1:22 pm - +Smiley face: Think further or short....for the future is always unknown! That's the trillion dollars award! Thanks!

8/2/24, 1:22 pm - +Rama: Cost of living, peer pressure, work related politics, bring ostracized, cyber bullying etc.

8/2/24, 1:23 pm - +Smiley face: In yourself, you see your abilities and capabilities as an infinite course of knowledge and skills gathering (and not about competing with others around you and the larger world)

It is You and it's not about the existential Competitions and Comparisons; the fear of losing and the anguish of failings! (FOLO).....

8/2/24, 1:23 pm - +Smiley face: Change the thinking and it will change your life !

8/2/24, 1:24 pm - +Rama: Reflect and understand

8/2/24, 1:25 pm - +Smiley face: You ACE it !

8/2/24, 1:25 pm - +Bhavani: Climate change is also an important reason for poor mental heath. The heat is terrible!

8/2/24, 1:26 pm - +Smiley face: 1st variable....

2nd?

8/2/24, 1:28 pm - +Smiley face: 2nd.... pandemic

Let's list it so that we can REACH it!

8/2/24, 1:28 pm - +Smiley face: 3rd .....?

8/2/24, 1:29 pm - +Bhavani: Too much overcrowding in buses and trains

8/2/24, 1:29 pm - +Bhavani: Queues everywhere

8/2/24, 1:30 pm - +Bhavani: Tourists are also crowding out public transport

8/2/24, 1:30 pm - +Smiley face: 3rd..... Density

4th..... Retrenchment

5th...... Competitions

8/2/24, 1:31 pm - +Bhavani: They're also contributing to waste generation

8/2/24, 1:31 pm - +Smiley face: 6th.... green and brown

8/2/24, 1:33 pm - +Smiley face: 7th....comfort & convenience

8th...wages and COL

8/2/24, 1:33 pm - +Smiley face: 9th...?

8/2/24, 1:34 pm - +Smiley face: 9th....medical & ageing

8/2/24, 1:34 pm - +Smiley face: The Power of 10th....?


8/2/24, 1:34 pm - ☸️  Danny 心: 

"Bring It To The Ballot Box’: PM Lee Issues Challenge To Other Political Parties Over Management Of Reserves".

Political Parties Who Don’t Agree With The Government’s Approach To Reserves Should Let Voters Decide: PM.

 https://mustsharenews.com/reserves-pm-lee-challenge/#:~:text=%E2%80%98-,Bring%20It%20To%20The%20Ballot%20Box%E2%80%99%3A%20PM%20Lee%20Issues%20Challenge%20To%20Other%20Political%20Parties%20Over%20Management%20Of%20Reserves,-Political%20Parties%20Who


8/2/24, 1:35 pm - ☸️  Danny 心: 

I agree with the PM.

WP and PSP should bring the national reserves up in the coming election as their election platforms and let the voters decide.


8/2/24, 1:36 pm - +Smiley face: Discontent!

8/2/24, 1:36 pm - +Frankie Wee: WP said GST should not increased 

PSP said public housing over price

8/2/24, 1:36 pm - +Frankie Wee: War of word


8/2/24, 1:37 pm - ☸️  Danny 心: 

I can guarantee my private chat groups - at least 100 over votes will not go to the opposition parties.


8/2/24, 1:37 pm - +Frankie Wee: Govt reserves fund should make up decisions

8/2/24, 1:37 pm - +Smiley face: FOC the best!

8/2/24, 1:38 pm - +Smiley face: Yes, you got it! High five!

8/2/24, 1:38 pm - +Smiley face: So little!


8/2/24, 1:38 pm - ☸️  Danny 心: 

Yes we need more.

Your private chat groups top up.


8/2/24, 1:39 pm - +Smiley face: Anonymity is Anonymity! No chat nor group!

8/2/24, 1:39 pm - +Frankie Wee: Here chat group has 282 view

8/2/24, 1:39 pm - +Frankie Wee: No one comments

8/2/24, 1:40 pm - +Frankie Wee: Few of us

8/2/24, 1:40 pm - +Frankie Wee: Idea feedback or suggestions on govt

8/2/24, 1:40 pm - +Smiley face: Silent means....

8/2/24, 1:41 pm - +Smiley face: So what if you have 20,882?

8/2/24, 1:41 pm - +Smiley face: The simple concept of "zero to hero and hero to zero" is real ! ...

8/2/24, 1:41 pm - +Frankie Wee: Wowowo awesome

8/2/24, 1:41 pm - +Smiley face: 4D lah ...2882!

8/2/24, 1:41 pm - +Frankie Wee: Cool bet it

8/2/24, 1:42 pm - +Frankie Wee: If strike I am happy for you

8/2/24, 1:42 pm - +Smiley face: Luv to chat with Frankie! You got it too, hi five!

8/2/24, 1:42 pm - +Frankie Wee: Hi 5

8/2/24, 1:43 pm - +Smiley face: If no strike how?

Mighty or Not LUCKY?

Hero to Zero?

8/2/24, 1:43 pm - +Frankie Wee: Happy still as long as is a small bet

8/2/24, 1:43 pm - +Smiley face: Love it....爱死你了！

8/2/24, 1:43 pm - +Frankie Wee: Big bet is big win million dollars but at risk get nothing lose

8/2/24, 1:44 pm - +Smiley face: Beat to start SAVINGS for all days ! Tomorrow begins TODAY!

8/2/24, 1:44 pm - +Frankie Wee: Exactly 👍

8/2/24, 1:44 pm - +Smiley face: Simply the Best Policy!

8/2/24, 1:45 pm - +Smiley face: Don't need a complex analysis nor hours of debating over and over now and then....

8/2/24, 1:46 pm - +Smiley face: Wait....

8/2/24, 1:47 pm - +Smiley face: "Economics History: From 1973 and for the past fifty years of ups and downs of the Dow Jones index & the NASDAQ index, a common indicator is if you believed in Prosperity and you have invested in America; today, you win! If we look at the performance of Straits Times index for the last 30 years, the same trend and outcome; today, you win too! What is the usefulness of Gold and Paper Money? Draw a line, a clean sheet of paper and rechart the future!

All graphs or charts don't always tell the truth? If you have put your money in 2013 or lately in 2020 or earliest in 2009 into anyone or more of these centres of exchange: NYSE or Nikkei 225 or HSI, or CSI; perhaps your returns today is 2x or more, and possibly more than 10x on regional markets, specific sectors and betting on clusters of stocks driving the US- China economies from 2008 to post pandemic 2023. 

One truth, the critical windows to invest happened in the year 2009, 2018, 2020 to 2022 and the rest is money making time.

What will 2024 and 2025 brings to your money pot, will it boom again or will it bomb out? 

What are the historical lessons from the economics, world politics, the pacts and the order of trades & the past-present relationships, and the divergent of ideologies and societies (multilateralism vs plurilateralism vs unilateralism)? How the future world plays it all (2030-2050-2100)?"

- - anonymity

8/2/24, 1:54 pm - +Frankie Wee: 2024 and 2025 won’t cool down price all price has soar up overall global index market. Money spent on inflation and wage earn level higher 

Completion market bull US dollars will keep on going debt level gain. More over is non stop end of war between country.

8/2/24, 1:54 pm - +Frankie Wee: France will be big trouble with NATO alliance

8/2/24, 1:55 pm - +Frankie Wee: If you are lucky in 1990s is more peace than current situation crisis buy and sell then buy back again

8/2/24, 1:56 pm - +Frankie Wee: Rich is your property


8/2/24, 1:56 pm - ☸️  Danny 心: 

My close friend comments:-

I think current NIRC 50-50 feels right.


My comments : 

Yes I also feel that the formula is just right.

50% for our current generation and leave 50% for our future generations.


8/2/24, 1:57 pm - +Smiley face: You asking for Deflation, perhaps to cook things down?

8/2/24, 1:58 pm - +Smiley face: In the concept and teaching of TAO.... moderation or moderate path will yield....

8/2/24, 1:58 pm - +Smiley face: Who told you the 1990s was a walk in the park...?

8/2/24, 1:59 pm - +Smiley face: You got it again, hi five! Btw why?

8/2/24, 1:59 pm - +Frankie Wee: Deflation going down but GST going up disadvantage sell and buy

8/2/24, 1:59 pm - +Smiley face: Disengaged....no actions talk only...m

8/2/24, 2:00 pm - +Frankie Wee: Yes

8/2/24, 2:00 pm - +REACH: *📢 Topic 📢*

8/2/24, 2:00 pm - +Smiley face: You simply cannot short or SHOCK any markets


8/2/24, 2:00 pm - ☸️  Danny 心: 

Tao or Middle Path.

Both are moderation.

Never in excess.

It tilt the equilibrium and balance.

Then everything will go haywire.


8/2/24, 2:01 pm - +Smiley face: Champion chatter! You ACE it....

Pls delve deeper and learn the truth and the essence of it....you will be shocked and you shall benefit ALOT !

8/2/24, 2:02 pm - +Smiley face: Strategic Asset equals Strategic Advantage!

8/2/24, 2:02 pm - +Smiley face: Let's please think of Strategic Advantages rather than the assets class !

8/2/24, 2:03 pm - +Smiley face: Let's change the thinking and you will see the Power in it....!

8/2/24, 2:03 pm - +Frankie Wee: Because this index market sell higher and more take profit 

Rich investment or strike Toto

8/2/24, 2:03 pm - +Smiley face: Hello SL

8/2/24, 2:03 pm - +Frankie Wee: Money is everything they wish for

8/2/24, 2:04 pm - +Smiley face: Index or ETF are highly speculative alternatives....only if and if only you are totally knowledgeable, don't touch it!

8/2/24, 2:04 pm - +SL: Any investment in money or derivative market needs to be aware of the risk associated with it and investors consider its own risk appetite.

8/2/24, 2:04 pm - +Smiley face: It's a 24/7 game! You wanna play?

8/2/24, 2:05 pm - +Smiley face: Concept of risk taking over risks itself....hello SL...good point!

8/2/24, 2:05 pm - +Frankie Wee: How about CPF valuable by 2050 would be higher yield % return

8/2/24, 2:05 pm - +SL: Some overseas mkt can be short, depending on investors' capacities and roles holding.

8/2/24, 2:05 pm - +Smiley face: Ok lah....ahmmmm!

GDP is one metric!


8/2/24, 2:05 pm - ☸️  Danny 心: 

You know why Singapore Government specifically PAP - govern the Country so well?

Precisely we practice the essence of right equilibrium.

In many ways, whether in racial harmony, financial prudence, government policies, compassionate society, religious practices, social services, economy, business practices, international relations.

Hence our Country are humming beautifully.

If those oppositions are to govern Singapore with their imperfect ideologies, philosophy and policies - Singapore will be in deep trouble.


8/2/24, 2:05 pm - +Smiley face: Like China now....short it or kena SHOT?

8/2/24, 2:05 pm - +SL: Hello 😁, good days

8/2/24, 2:06 pm - +Rama: Hope electorate are not stupid!

8/2/24, 2:06 pm - +Smiley face: Wow!

Inside may be TAO!

8/2/24, 2:06 pm - +Smiley face: This message was deleted

8/2/24, 2:06 pm - +Smiley face: 50/50 Andrew!

8/2/24, 2:06 pm - +SL: Depended on where the shoe was worn by a particular investor

8/2/24, 2:07 pm - +Smiley face: Ok, let's short now and get out before Q2!


8/2/24, 2:07 pm - ☸️  Danny 心: 

用心体会。

不可言语。


8/2/24, 2:07 pm - +Smiley face: Wow,!

8/2/24, 2:08 pm - +Smiley face: Buy Yen !

8/2/24, 2:09 pm - +SL: Maybe too late. 🤣 China Securities Regulatory Commission head replaced by another yesterday

8/2/24, 2:10 pm - +SL: Keeping the capital in a depository sounds lesser risk.

8/2/24, 2:11 pm - +Smiley face: Wait...never says never....

Read it and prospect it.

8/2/24, 2:11 pm - +Smiley face: This message was deleted

8/2/24, 2:12 pm - +Smiley face: This message was deleted

8/2/24, 2:12 pm - +SL: Done..

8/2/24, 2:14 pm - +Smiley face: Great you got it , snapped! Cos it's sensitive!

8/2/24, 2:16 pm - +SL: @ 😁thank you.. I understand the writeup, it looks a lot more complicated…… region north, south, west for the subject. Especially in future.


8/2/24, 2:16 pm - ☸️  Danny 心: 

佛治心。

道治身。

儒治世。

Hence, Mr LKY start with Confucianism in the early days.


8/2/24, 2:17 pm - +Smiley face: For we wish our MFA to have more insight's whether it is the past or present or into the future!

We must have upper hands when it comes to diplomacy negotiations!

To know your friends truly well is perhaps understanding your friend's foes and their thinking! That's one art of diplomacy!

8/2/24, 2:17 pm - +Smiley face: TAO !

8/2/24, 2:18 pm - +Smiley face: The rules of all  HUMANLY PLAYING GAMES!

8/2/24, 2:18 pm - +KL: :)

8/2/24, 2:19 pm - +Smiley face: Will GAI beat TAO?

NAY ! or it wouldn't be TAO, HOPE ALL GOT IT !

8/2/24, 2:19 pm - +Smiley face: Pinnacle of survival!

8/2/24, 2:20 pm - +SL: Complicate matters. “国际-事务.棋盘.与棋手.”🤔

8/2/24, 2:21 pm - +Thomas: We should not treat our reserves like endowment fund. Contribute now and withdraw on old age. The reserves is for our children and future children.

8/2/24, 2:22 pm - +Rama: Don't overspend now to burden future generations.

8/2/24, 2:22 pm - +Smiley face: So if the theory of TAO works, then the $34 trillions will not implode nor will it explode and why?

It's even going to be $50 trillions sooner!

8/2/24, 2:22 pm - +Frankie Wee: Limit spent

8/2/24, 2:23 pm - +Frankie Wee: Reserve can growth saving in future.

8/2/24, 2:23 pm - +Frankie Wee: Cool

8/2/24, 2:24 pm - +Smiley face: Frankie, pls book it in your record book! Thanks!

8/2/24, 2:25 pm - +SL: Spending for items with a clear target of achieving for good of the nation. Sustainable project. The reserve amount is important for the future.

8/2/24, 2:25 pm - +Smiley face: This message was deleted

8/2/24, 2:26 pm - +Smiley face: Huat ah !

8/2/24, 2:26 pm - +Smiley face: This message was deleted

8/2/24, 2:26 pm - +Frankie Wee: Singapore future can gain $50T while US going gain debt $50T towards

8/2/24, 2:26 pm - +Smiley face: $10 trillion enough Liao lor!


8/2/24, 2:27 pm - ☸️  Danny 心: 

The world deviate from equilibrium.

Hence all go haywire.

Our opposition parties, politicians and their supporters - are of similar calibers.

That is why we will be in deep trouble if oppositions win power.

All these oppositions are unlike Low Thia Kiang - who understand equilibrium.

That's why PM Lee say he is a responsible politician.

Even LKY and GCT got good comments about him.

But these current batch of WP politicians and PSP NCMPs all cannot make it.


8/2/24, 2:28 pm - +Smiley face: So what if the Tao is rite again ? All of today's miseries, noises and discontent shall be booked into our history of nation building and once again, we stand tall again !

That if you think TAO works?


8/2/24, 2:29 pm - ☸️  Danny 心: 

My close friend comments:-

If 50-50 is not right, how then is 100% or 70% or 60% right?

My comments:-

Exactly!


8/2/24, 2:32 pm - +Smiley face: a Chinese saying....it's alright ! (没事！没事!)


8/2/24, 2:33 pm - ☸️  Danny 心: 

If the world understand the concept of equilibrium, the following world events won't happen:-

1. Global warming

2. War conflict, people disharmony.

3. Financial crisis

4. World food shortage


8/2/24, 2:33 pm - +Smiley face: Greed !

8/2/24, 2:34 pm - +Rama: Definitely


8/2/24, 2:34 pm - ☸️  Danny 心: 

Specifically, ignorance, greed and hatred.

贪嗔痴。


8/2/24, 2:34 pm - +Smiley face: This message was deleted

8/2/24, 2:35 pm - +Smiley face: Yes Sir, the sin of humankind!

8/2/24, 2:35 pm - +Smiley face: This message was deleted

8/2/24, 2:37 pm - +SL: @😁, what is the last one?

8/2/24, 2:42 pm - +Smiley face: This message was deleted

8/2/24, 2:43 pm - +Smiley face: This message was deleted

8/2/24, 2:43 pm - +SL: Done

8/2/24, 2:44 pm - +Smiley face: TAO said....to give all your best for the right causes.....! Our SG and Our People!

8/2/24, 2:45 pm - +Frankie Wee: <Media omitted>

8/2/24, 2:45 pm - +SL: For Singapore 🙏💐

8/2/24, 2:46 pm - +Frankie Wee: When economy is crisis so we have aside reserve draw out of money whenever is necessary saved

8/2/24, 2:50 pm - +Smiley face: Remembering one GREAT man and his fellow Men! What a joy but....

8/2/24, 2:52 pm - +Smiley face: Good video, Frankie!

JCS or JSS, luckily we have the means to tahan through those turbulence years! It is more costly to lose jobs and even more so to create more jobs! And jobs don't just land at your doorsteps! Jobs are painfully created through economic growth or what else or means to create jobs?

8/2/24, 2:53 pm - +Frankie Wee: Upskill use skillfuture credit when there will be change Ai

8/2/24, 2:53 pm - +Smiley face: This message was deleted

8/2/24, 2:53 pm - +Frankie Wee: World economy challenges Ai when old soon gone

8/2/24, 2:54 pm - +Smiley face: This message was deleted

8/2/24, 2:54 pm - +SL: Done

8/2/24, 2:55 pm - +Smiley face: Bring on the AI and the GAI ..

8/2/24, 2:55 pm - +Smiley face: The concept of Ethical robots and Ethical Botchat? Possible or not so ?

8/2/24, 2:56 pm - +Frankie Wee: Possible

8/2/24, 2:56 pm - +Frankie Wee: Speed smart than human

8/2/24, 2:56 pm - +Frankie Wee: Few seconds answer question <This message was edited>

8/2/24, 2:58 pm - +Smiley face: Best man, Frankie! You almost strike 1st Prize!

8/2/24, 2:58 pm - +Smiley face: Less than a sec !

8/2/24, 3:00 pm - +SL: Sorry need to go and join meetings until end of the day. Wishing everyone a Happy Chinese New Year in advance and happy holiday.

8/2/24, 3:01 pm - +Smiley face: This message was deleted

8/2/24, 3:02 pm - +Smiley face: This message was deleted

8/2/24, 3:10 pm - +Rama: https://www.straitstimes.com/singapore/courts-crime/iswaran-can-leave-s-pore-to-help-son-settle-in-at-australia-university-case-transferred-to-high-court

8/2/24, 3:26 pm - +Frankie Wee: Super rich cash bail $500k allow him to see his son Australia

8/2/24, 3:27 pm - +Rama: 🤷‍♂️

8/2/24, 3:36 pm - +Smiley face: Came back and faced the Court! Steady?

The other came back too....! Steady?

8/2/24, 3:37 pm - +Rama: 🤷‍♂️


8/2/24, 3:37 pm - ☸️  Danny 心: 

My close friend comments:-

If people were old enough to remember the oil crisis in the early 70s - the world went into stagflation and sg was a very young/poor nation then.

Before that my mom could go to the market with $2/=. She could buy $0.30 pork, $0.30 small prawns, most other condiments to cook up a meal are 5c 10c. Not great, just very simple meals. How prices shot up after oil crisis.

According to records, late Dr Goh Keng Swee was busy fending off Malaysia who wanted Sg reserves to be managed centrally by Central Bank of Malaysia before our independence. We have to thank the man who resisted and post independence, we have some reserves. We were still poor by any standards.

We didn't survive the 70s crisis by means of distributing reserves or NIRC, rather, we survived through economic growth and development.

The long and short of my thoughts - focus on growth and development. 

Taking from reserves is an easy way out and a "lazy" proposal.

I hope to hear better proposals from the oppositions


8/2/24, 3:37 pm - +Smiley face: Still not so steady.... then how?

8/2/24, 3:38 pm - +Smiley face: Wow!

$0.30 noodle

Now $4.5 noodle?

Where is the logic or Tao li?

8/2/24, 3:39 pm - +Smiley face: Important economic history! You nailed it again!

8/2/24, 3:39 pm - +Smiley face: 15x

8/2/24, 4:00 pm - +REACH: *📢 Topic 📢*

8/2/24, 4:15 pm - +Smiley face: https://youtu.be/7-CKvKqOiAQ?si=0zTMm4THza_6HfV6

8/2/24, 4:15 pm - +Smiley face: Coherent by PM Lee!

8/2/24, 4:22 pm - +Smiley face: https://youtube.com/shorts/-huN60a0qIU?si=DxSlGrHLkpTZ1nXp

8/2/24, 4:40 pm - +REACH: *Dear Contributors*

We want to *HEAR MORE* from you! 

💬 *What are your views on the debate on our national reserves? How can Singaporeans safeguard our future?*

We have had good feedback from this group, and we hope that we can keep the discussion robust and active!

Megan 😊

8/2/24, 4:45 pm - +Smiley face: 8 February, 2024

"Mighty or Lucky? Steady & Stability ! "

(“强大或幸运”; 一半一半 !)

"It's easy to spend money and it's harder to earn more money! Money not enough!"

- - anonymity

(“花钱容易，赚多钱更难了！钱还不够吗？”)

Steady?

Today steady, tomorrow stability and tomorrow happens to be Today!  Either you are in a steady position in life or later on in an even stable life, it's a game of choice and decision, so important!!"

You think you are lucky or you are mighty? It's only through the pain of multiple failures, we will come to realise the value of success. And success don't just simply appears in front of anyone and success is the sacrifices you laid ahead because of all failures! Just one shining moment of success and there comes challenges which can be fatal and or disruption to put an individual or a society into its own place!l-stucked! That's the rule of success and the valuable lessons of failings!...


8/2/24, 5:36 pm - ☸️  Danny 心: 

<Media omitted>

 


8/2/24, 5:37 pm - ☸️  Danny 心: 

The philosophy of 50-50 rules.

The Middle Path.

（中道）


8/2/24, 5:37 pm - ☸️  Danny 心: 

Tao (道）.


8/2/24, 5:42 pm - +Smiley face: Half of half?

(一半的一半?)

8/2/24, 5:53 pm - +Bhavani: Children and grandchildren can contribute themselves

8/2/24, 5:53 pm - +Bhavani: Not rely on seniors sweat blood and toil

8/2/24, 5:54 pm - +Bhavani: Moreover seniors need it to spend on ther children's and their elderly parents' needs too. There are young seniors with children too <This message was edited>


8/2/24, 5:54 pm - ☸️  Danny 心: 

Then we should not be using the reserves - because it is sweat and blood from our forefathers.


8/2/24, 5:55 pm - +Frankie Wee: Everyone has own account self earn contributions into

8/2/24, 5:56 pm - +Bhavani: When young seniors and the elderly have multiple medical conditions and are unable to work due to their conditions,  then reserves should be used to help them


8/2/24, 5:58 pm - ☸️  Danny 心: 

But why this sense of entitlement?

How much each of us contribute to the reserves via tax?

Then rightfully, if one contribute $10,000, then one should receive $10,000.

Why ask for more?


8/2/24, 5:58 pm - +Frankie Wee: Government has subsidised use Pioneer Generation Package

8/2/24, 5:59 pm - +Bhavani: Subsidy will not help when one does not have income <This message was edited>

8/2/24, 5:59 pm - +Frankie Wee: Huh… should be have


8/2/24, 5:59 pm - ☸️  Danny 心: 

If another contribute in $100,000 in tax, then he should get back $100,000.

Then why some ask for more?

If go by the logic?


8/2/24, 5:59 pm - +Smiley face: 1:1.... fainted

8/2/24, 5:59 pm - +Bhavani: Those with multiple medical conditions that impact their mobility

8/2/24, 6:00 pm - +Thomas: Then since I contributed more. I don’t want to share with others going with your logic. How ?

8/2/24, 6:00 pm - +Smiley face: 1 : 1.....passed out!

8/2/24, 6:00 pm - +REACH: *📢 Topic 📢*

8/2/24, 6:00 pm - +Frankie Wee: Silver Support Scheme or budget medical CPF top up

8/2/24, 6:01 pm - +Bhavani: I don't think you understand what I mean.

8/2/24, 6:01 pm - +Thomas: ?? You asking for income from the reserves??

8/2/24, 6:01 pm - +Frankie Wee: Is it pension income???

8/2/24, 6:02 pm - +Bhavani: I only said young seniors and the elderly have contributed to the reserves so they must be helped if they are suffering with health issues and are unable to work due to their health conditions

8/2/24, 6:03 pm - +Frankie Wee: Retire then

8/2/24, 6:04 pm - +Bhavani: Moreover, whether they have contributed or not, it is only humane to help the elderly when they are suffering

8/2/24, 6:04 pm - +Bhavani: Young people will also grow old one day

8/2/24, 6:04 pm - +Bhavani: What do you mean by retire?

8/2/24, 6:04 pm - +Smiley face: Let's go back to the idea of stability and income. One of our existing social structures, a hotly discussed topic, that is our CPF system. Its not only enabling all workers of all ages to contribute and buy homes, interest earnings, and investing in stocks.  It's a permissive regime of savings and utility for the near future and later on in life. All for one single purpose that is peace and harmony for our people with the least disruption to their lives in the event of future financial crisis or an economic setback or even ageing itself that will cause many unintended consequences from disability to medical costs that is one of the biggest concerns for all individuals regardless of age or gender....

8/2/24, 6:05 pm - +Frankie Wee: U mean young senior has insufficient saving in CPF and suffer health matter in condition due to unfit in workplace?

8/2/24, 6:06 pm - +Bhavani: Young seniors who have mulitple serious conditions that affect their mobility and so are unable to work

8/2/24, 6:06 pm - +Frankie Wee: Like suddenly case stroke?

8/2/24, 6:07 pm - +Frankie Wee: I see

8/2/24, 6:07 pm - +Thomas: Don’t get you. There are social networks to help but you are looking for handouts, that’s a different topic

8/2/24, 6:07 pm - +Frankie Wee: Those young senior who had been work start from young age till reach 50

8/2/24, 6:08 pm - +Bhavani: By young seniors I mean 50 to 60

8/2/24, 6:08 pm - +Frankie Wee: It’s long growing contributions CPF

8/2/24, 6:09 pm - +Thomas: CPF life will provide a steady income till death when retire at 65

8/2/24, 6:09 pm - +Frankie Wee: That is a MIND those who are disability and hardship job mean having a health issue to them

8/2/24, 6:09 pm - +Smiley face: Majulah Generation

8/2/24, 6:09 pm - +Bhavani: Not handouts but rightful share in our reserves which young seniors (50 to 60) and the elderly (above 60) have contributed to

8/2/24, 6:09 pm - +Frankie Wee: Right I forgot

8/2/24, 6:10 pm - +Bhavani: Yes Majulah generation and the elderly

8/2/24, 6:10 pm - +Smiley face: Frankie, any idea how to portion some to the Maj Gen?

8/2/24, 6:10 pm - +Thomas: Then what is the proportion of share ? 1% or 10% ? Then what about other Singaporean?

8/2/24, 6:10 pm - +Frankie Wee: Helping them get well health instead mental health

8/2/24, 6:11 pm - +Smiley face: This message was deleted

8/2/24, 6:11 pm - +Bhavani: Of course other Singaporeans also have rights to the reserves

8/2/24, 6:11 pm - +Smiley face: Majulah

Merdeka

Pioneer

8/2/24, 6:11 pm - +Thomas: Then our reserves fritter away

8/2/24, 6:11 pm - +Smiley face: PR?

8/2/24, 6:11 pm - +Rama: Agree

8/2/24, 6:11 pm - +Bhavani: and should have a share if they have serious conditions that impact their mobility <This message was edited>

8/2/24, 6:12 pm - +Frankie Wee: Singapore reserves has long road ahead

8/2/24, 6:12 pm - +Frankie Wee: CPF insurance AHD 2

8/2/24, 6:13 pm - +Smiley face: Will the Non Profit Organization help enough? Plus NSF

8/2/24, 6:13 pm - +Smiley face: MSF

8/2/24, 6:14 pm - +Smiley face: MSF+FSC+NPO

8/2/24, 6:14 pm - +Frankie Wee: Sorry old already changed careshield life

8/2/24, 6:15 pm - +Rama: Means testing will decide helping hand for the unemployed to be fair.

8/2/24, 6:17 pm - +Rama: There are conditions in place to prevent fraudulent misuse of public money.

8/2/24, 6:19 pm - +Rama: For their children's education, yes. Transfer of funds between spouse and siblings, yes. Young seniors with children of non working age!?

8/2/24, 6:20 pm - +Rama: There are various schemes currently for medical subsidies.

8/2/24, 6:21 pm - +Rama: This is where irresponsible release of our reserves must not happen!

8/2/24, 6:22 pm - +Frankie Wee: Edusave

8/2/24, 6:24 pm - +Frankie Wee: It’s support to help them 

Because employees and employers every monthly donate $1-$4 different group Chinese, India, Malay

8/2/24, 6:26 pm - +Rama: No one size subsidy can apply to all citizens. That's why means testing helps to appropriate accordingly.

8/2/24, 6:27 pm - +Smiley face: That's right

8/2/24, 6:28 pm - +Smiley face: That's also right

8/2/24, 6:28 pm - +Frankie Wee: Low income and living in rental or 2 room they need help subsidies

8/2/24, 6:28 pm - +Smiley face: That's all correct.

8/2/24, 6:29 pm - +Rama: Maximum subsidy where appropriate.

8/2/24, 6:29 pm - +Frankie Wee: I see

8/2/24, 6:29 pm - +Smiley face: Talk about this....

$25 rental/mth + utilities= $80

8/2/24, 6:29 pm - +Smiley face: Look this $25 rental

8/2/24, 6:30 pm - +Bhavani: Are you saying elderly and young seniors with mobility conditions must suffer? This does not reflect well on a first world country <This message was edited>

8/2/24, 6:33 pm - +Rama: Ours is not a fly by night or kangaroo court type government.  From 1965 till now, as our economy grows, so does our relevant subsidies accordingly with required mean testing.  Our blood and sweat reserves of some 58 years is our life line! All must be careful not to squander!

8/2/24, 6:34 pm - +Bhavani: This is what I have been hearing for 53 years of my life!

8/2/24, 6:34 pm - +Rama: It will not change for someone whims and fancy!

8/2/24, 6:35 pm - +Bhavani: Helping people who are suffering is not whims and fancy <This message was edited>

8/2/24, 6:35 pm - +Rama: Ours is a respected government who knows very well!

8/2/24, 6:36 pm - +Bhavani: Our government has asked us to provide feedback and this iswhat I'm doing

8/2/24, 6:36 pm - +Rama: Same here for us all.

8/2/24, 6:36 pm - +Bhavani: Helping people who are suffering is not squandering

8/2/24, 6:37 pm - +Frankie Wee: It’s alright do not mean zero since have growth contribution

8/2/24, 6:37 pm - +Rama: Helping with conditions and not a blank cheque.

8/2/24, 6:39 pm - +Rama: There is cpf contributions top up for most if not singaporeans from time to time. This helps especially for medisave.

8/2/24, 6:44 pm - +Smiley face: Let's go back to the idea of stability and income. One of our existing social structures, a hotly discussed topic, that is our CPF system. Its not only enabling all workers of all ages to contribute and buy homes, interest earnings, and investing in stocks.  It's a permissive regime of savings and utility for the near future and later on in life. All for one single purpose that is peace and harmony for our people with the least disruption to their lives in the event of future financial crisis or an economic setback or even ageing itself that will cause many unintended consequences from disability to medical costs that is one of the biggest concerns for all individuals regardless of age or gender....

8/2/24, 6:46 pm - +Smiley face: All human activities need proper planning , a sense of prudence, and the need to be self disciplined in order to achieve our long term goals! It's that simple concept of saving for raining or sunny day whichever the future brings, we will be fine because we got the other half covered for the second part that is the unknown future....

8/2/24, 6:47 pm - +REACH: *Dear Contributors,*

⏰ We will be closing the chat in *15 minutes* ⏰

Thank you very much for being part of our WhatsApp chat and participating actively.

Goodnight!

Megan 😊 <This message was edited>


8/2/24, 6:51 pm - ☸️  Danny 心: 

Hence the taxes I pay, my family and extended families and my close friend families from my private chat groups pay for so many years - are to be lock into the national reserves with 50-50 NIRC for the current generation and future generations.

Not to be frivivolously be squandered away by the oppositions and its supporters - more than 50% NIRC.


8/2/24, 6:54 pm - ☸️  Danny 心: 

Every one can see that those who advocate more spending of our reserves don't make sense.


8/2/24, 6:57 pm - +Rama: Agree

8/2/24, 6:57 pm - +Rama: Y

8/2/24, 6:59 pm - +Smiley face: This message was deleted

8/2/24, 6:59 pm - +Smiley face: 8 February, 2024

"Mighty or Lucky? Steady & Stability ! "

(“强大或幸运”; 一半一半 !)

"It's easy to spend money and it's harder to earn more money! Money not enough!"

- - anonymity

(“花钱容易，赚多钱更难了！钱还不够吗？”)

Steady?

Today steady, tomorrow stability and tomorrow happens to be Today!  Either you are in a steady position in life or later on in an even stable life, it's a game of choice and decision, so important!!"

You think you are lucky or you are mighty? It's only through the pain of multiple failures, we will come to realise the value of success. And success don't just simply appears in front of anyone and success is the sacrifices you laid ahead because of all failures! Just one shining moment of success and there comes challenges which can be fatal and or disruption to put an individual or a society into its own place!l-stucked! That's the rule of success and the valuable lessons of failings!

Our national reserves is like our personal  savings for today and critically for the unknown future! If we have a good saving habit not just money wise but the entire philosophy of needs overriding wants; we are more likely to enjoy in our ageing years better and more robust in weathering unforseen circumstancesnsuch as the cost of livings. 

All human activities need proper planning , a sense of prudence, and the need to be self disciplined in order to achieve our long term goals! It's that simple concept of saving for raining or sunny day whichever the future brings, we will be fine because we got the other half covered for the second part that is the unknown future.

Stability?

Without steady streams of income, you may not find yourself achieving your goals. And one critical goal is the future of stability! To counter this idea of prudence and frugality; one might says it easier said that doing it! Perhaps, it's all boils down to the self and the discipline to deter all temptations of ejecting or rejecting one's intended dreams that is to live a peaceful and smooth life.

Let's go back to the idea of stability and income. One of our existing social structures, a hotly discussed topic, that is our CPF system. Its not only enabling all workers of all ages to contribute and buy homes, interest earnings, and investing in stocks.  It's a permissive regime of savings and utility for the near future and later on in life. All for one single purpose that is peace and harmony for our people with the least disruption to their lives in the event of future financial crisis or an economic setback or even ageing itself that will cause many unintended consequences from disability to medical costs that is one of the biggest concerns for all individuals regardless of age or gender.

The simple concept of "zero to hero and hero to zero" is real ! The choices and decisions you made in your lifetime will not only profoundly changed the course of your life and thereafter your descendents too! Pick your battle plans and constantly reminding yourself of the potential pitfals than the temptation of accelerating to success! That's the smarter choice to choose over either Mighty or Lucky! 

To sum things up, either you spent now and see how your life journeys will turn out to be and letting Society to foot your bills is the biggest mistake any individuals should think of and the counter-measure is simply to be as self-sufficient as one possible could in this mysterious and unknown thing called Life! And Money always not enough!

https://youtu.be/BVXyprEo_kk?si=pcRqdCZ68Wg6--Lu

https://youtu.be/7-CKvKqOiAQ?si=lSsvMyFUnuxHZT4X

https://youtu.be/wo7njZRtDFo?si=HsEmDywAAUZQ433m

                       - -  in progress - -

"US- South Korea-Japan Summit @ Camp David"

"Is either you do it your ways...or others shall show you their ways?"

- - anonymity

"Cara a Cara" moments in history!

In 1942 this lucky and charming Shangri-La named by President Roosevelt and later on in 1953 President Eisenhower renamed it to Camp David. Its the place: a one to one meetings for world leaders to settle things in privacy away from the camera and the media, tranquil and relax settings, in hope for a win-win outcome.

During the winter of 1941/42, Roosevelt and Churchill drafted the grand strategies of growth, stability and defence for WW2.

In September 17 of 1978, the Israel - Egypt summit famously called the Camp David Accords. Over twelve days of intense negotiations among the three nations that led to a breakthrough peace treaty of the Egypt-Israel. It was a much serious matter and high stakes meetings of the two and the US. Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin; both shared the Nobel Peace Prize of 1978. At last for President Jimmy Carter, he too was awarded the Nobel Peace Prize in 2002. What the world would be if there wasn't a Peaceful agreement? A hot war would have started in the Middle and spread to the West and onto the East of the geography of this world! 

On the fall of 2003, George W Bush had his Camp David moment with Vladimir Putin. The meeting of the two, perhaps it was a chance to size up Putin and other matters in hope for a better bilateral relationship between the US and Russia.

Fast forward today, the conclusion of the"Camp David" Summit have reminded many in the world that one nation's security is best to own the defense force than having to rely on others to provide national security services on their behalf unless the common nemeses are too big to contain!

For South Korea, it has not been an easy solution to accept US offerings to secure the Korean Peninsular since the last Korean War ended in July of 1953. 

Seasonably, came the agreed armistice of the North-South border buffer between the two to prevent future military conflicts. Will this armistice once again be challenged and a possible conflict happens or starts a proxy war similar to what is unfolding in Ukraine?

For Japan, it is known that the larger parts of its territory are under the care of the US. The latest Indo-Pacific military command is over seeing the entire Japanese air, sea and land defences. With the directives of the commanding US army and the orders from the White House; from 1950, simply, Japan cooperated with the US wholeheartedly on its defence and this military collaboration has brought many economic benefits to Japan that resulted in quantum leap into a top ranking developed nation, today! 

Now and again, Japan has tilted towards the US, it's a natural progression for the Japanese for one simple reason that its economic benefits as the famous Mark Twain would say so "History never repeats itself, but it does often rhyme...".

Always have been, all the above are the sake of global stability and national security of Japan and the larger threats from Russia, China and the unpredictability (kooky Kim) of the North Korean regime! 

Why is national defence so important to any nation?

It is the sovereign rights of a nation to self-defense in times of uncertainty and possibility of conflicts within and outside of a nation. Having a competent armed forces will deter conflicts or intentions to escalate into bigger chaos or small wars in a country or in a region.

Sum all together and putting all things away; it's peace and prosperity that matters to the billions of people than wars that killed millions in a shortest timespan!

                      - - in progress - -

Japan?

Imbalanced settlement of sovereignty rights after WW2 between Japan and then USSR. Another area of concern is the South China Sea, one of the surrender of the Japanese empire in WW2 was the relinquished of the SCS. During the WW2 years of the intrusions of the Japanese Army into South-East Asia and the larger theatre of fighting in the Pacific ocean; the Japanese used the Spratly, Daoyu, Dongsha and Xisha as their naval bases to berth warships and importantly, safeguard their submarines and the control of the sea and trades route of the SCS. 

One critical thing did not materialised that was the subsequent ownership of these abandoned islands in the middle of the SEC which criss-crossing among Philippines, Malaysia, Brunei and Vietnam. All converging into today's dispute over the SCS with multinational claiming for their own Rights and Sovereignty to the lying islands 

Today China is using the past strategy to control the freedom of navigations in the SCS, just in case one day should there be multi-confrontations happen...

8/2/24, 7:02 pm - +REACH: *Dear Contributors,*

We will be closing the chat for today.

Thank you very much for being part of our WhatsApp chat and participating actively.

Goodnight!

Megan 😊

8/2/24, 7:02 pm - ~ REACH Singapore changed this group's settings to allow only admins to send messages to this group

8/2/24, 7:33 pm - Only admins can message this group


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