We have many gurus, fortune tellers, market analysts and current affairs
writers in our club. There is plenty of concern that the US will not be
able to borrow and print more money to use, after Aug 3. Many US
government employees will not be able to be paid their monthly salaries.
And, worst, US bonds and other securities will be downgraded, together with the
US dollar.
I wonder whether this will be a frightening time in our lifetime. And,
it’s not just the US, there is Europe to worry about. I am aware
some guys in SHC have already liquidated or disposed most of their
holdings. Many countries have lost confidence in the US
dollar. Perhaps, a good time for all of us to put more gold necklaces
around our necks.
Have you been following? or have you been worrying? Share with us
your views and thoughts? If not, how about a good prediction where the
world economies will head before 2011 comes to a close.
Terence Seah
Dear Terence
Good morning! Just when I’m beginning to think that Life is Beautiful, then comes this Bombshell……
As the saying goes, the $ isn’t ours until we’ve spent it?
Cheerssssss….
G
Good Question Terence, to summarise, is the USA mad enough to put a gun on it’s own temple(head) & fire. Is the USA mad or there’s really a “method to the madness”
what do you think Terence ? haha
Hi Terence,
Actually the market is not showing signs that it is expecting a global collapse. The consensus thinking is that this is a game of brinkmanship.
Remember too that the Republicans will have more to loose than the Democrats in the event of a meltdown and that some politicians around are complaining that the American politicians are playing a dangerous game at this late stage by not coming to a deal on the debt limit.
So some of the funds who want to hedge their positions in this period have bought gold, but the US$ has also depreciated.
Since we all live on this same planet and the financial connectedness is greater than before, there is no alternative asset class.
The logical thing therefore is to buy the ‘hard assets’ which theoretically will guard against any collapse of financial engineering assets. So since most of us have house or houses, jewellery, etc., our hard assets are sufficient.
Some have ventured into higher yielding foreign currrencies, like the A$, C$, NZ$ etc., as a temporary asset class to park their money, but they know this is not a long term viable solution, as these currencies usually have weaker B/S, larger trade and budget deficits, and the premium they enjoy now are because of the volume of money chasing after yields, viz the carry-trade in these currencies.
IMHO this is not a good time to sell equities. Most companies are trading in an oversold position. The risks therefore, have been priced in. Don’t forget some companies, here are very good proxies for the ‘hard assets’ that is being sought after.
My bet therefore is to go contrarian and to load up, rather than to follow the ‘news’ and to go light.
Wish me luck, and I wish the same for you too.
Life is still beautiful if we look at the candle instead of focussing on the dark morass.
Charles, so well expressed.
Hi Terence,
In para 2, ‘loose’ should be ‘lose’. Apologies
Hi Henry,
As usual you are too kind in your compliments.
But better to be right as the events unfold than to have expression and perceptions correct.
I don’t know why but I am reminded of Gordon Geek’s expression, (In Wall Street) “Making money is better than IT”.
I wish I now the answer, but I know neither.
Wishing you the same, as always.
Hi Charles, majority of us will not know. But I’ll not be surprised if some “clean” congressmen are putting on some bets now while the posturing is going on. haha
There will be quite a few “world contenders” who are secretly wishing & praying that the USA will pull the trigger on itself. Saves alot of time & efforts.
Yes life is still beautifull…..
Hi Terence
Once again you have expressed what I intended to… but did not have the time till now…
We as a global country have the same exposure and correlation to whatever happens in the States and Europe. The US is dicing with death and going to pull a lot of other nations down with it… at least their currencies.
Singapore is holding about US$57 billion in treasuries and I dread to think of the losses we will make if the US dollar tanks!
Closer to home, I was thinking of the recent announcement of the Deposit Insurance Scheme which will guarantee personal deposits in banks and financial institutions up to S$50,000 per account. This is a very small amount of guarantee and those who have more money in the banks should think about spreading it to different institutions.
Can Singapore banks fail? A slim probability but it can happen.
The Policy Owners’ Protection Fund (PPF) was also announced. Here your insurance cover is guaranteed to a maximum of S$500,000 but your surrender value only up to S$100,000. This, again, is a very small amount and financial advisors are suggesting that you buy policies from different companies to spread your risks.
Can insurance companies fail? You bet your life they can… at least more certainly than our banks.
Yes, we are living in very dangerous times!
when the untoward does eventualize, wouldn’t that be nice? we balek all over again. I echo Henry, “what do you think, Terence?”.
Hi Henry, John,
I also do think that the US will not aLlow its fanancial standing to be downgraded, just like the EU will not want to see its members go bankrupt.
The disagreement may be between the Dem and the Rep. But so much damage has already been done. Yes, the markets may have already positioned itself for action, in the event of a US default on its payment, but no country can ever be that ready.
In our times, we have seen pr come close to these scenarios. So, in the event the debt ceiling is not raised, of course, this is the world’s joke, what will happen? I too like to hear what will or can happen. The situation can turn gambling tables too.
Terence Seah
Boss,
Laugh-Out-Loud!!! I am a poor man….
Dun have thousands of $$$ to dis-inherit, dun have additional properties other than the one I use to live in, dun have any necklaces like ah huatx3, dun even have a dress-watch….
So, come the day, the US$ tanked….., the Euro$ collapse, the world ended, I am still a poor man….no diff!
Ya, still hoping that life will be beautiful today bcos I dun know about tomorrow……it’s too far away from my view.
Hi Terence,
This is not the first time America may default on its debt obligations. Here are a few instances….
1979…The US Treasury defaulted on certain T-Bills held by individual investors. Subsequently, T-Bill interest rates rose 60% over the next few months.
1933…During the height of the worst Great Depression, the Treasury repaid gold-based obligations with dollars, which is considered a default as the repayment terms differed from the actual vehicle of repayment.
1970…The US defaulted on external and internal debt obligations.
1841-2…During the depression, 9 states defaulted on their debt obligations. 1873-84…During the recessionary years after the Civil War, 10 states defaulted. These defaults are the reason so many states have constitutionally required balanced budgets.
My personal view…If America does default, expect USD to plummet further & inflation to go hyper. Every country will suffer as all are somehow exposed to USA who is the largest consumer & debtor in the world. That is why gold & other physical assets e.g. real estate are exploding. There will be global staglation, recession or even depression. Sorry if its not a nice picture, just my 2 USD cents worth!
Don’t worry guys. All the worlds’ currency collapse, I can give you sweet potato and tapioca leaves to eat. In exchange, tell me what you can do for me. I don’t want your paper money or scrap metal coins.
Hi Jonathan, thanks for the instances of previous defaults by the most irresponsible member of our global community.
yes, we are fully aware of these defaults.
It’s significant to note that the last time this happens was during the 70’s. Those were the days of this irresponsible member being the top dog of the times. The other top dog of the times whch was the Soviet Union, was not fully integrated into the world’s trading system then. So not much political competition. If the USA wants to default & hold the world to ransom then, there’s nothing much the world can do about.
Today is different. As the world becomes more & more of a multi polar world, the world need not just depend on the USA. There are other Great Powers like China,India etc who are fully integrated members of the world trading system whom the world can turn to.
If the USA wants to run their country like a very irresponsible third world country, so be it. 300 million Americans held ransom to 300 odd fellow americans, and they call this democracy. Your honour I rest my case.
Tian Soo, great going man…I’ve stocked up on Jacob’s Creek, so we can barter!
Sorry yr Honour, quote”and they call this democracy” I meant to say, they call themselves a first world country.
And yes democracy in it’s crudest form can be best seen in USA today. Thanks You. Hv a good week end everybody hahaha
On one side, countries are watching to see how the US will manage this debt ceiling. On another hand, every market and every trader is watching for the slightest signal of a default.
If, and let’s say the US defaults on Aug 3, the markets will run into a chaos. Where will the Sing dollar go to, and how far can it go? Can China help stabilise the markets within such a short period. Our reserves and our banks will go crazy too.
Guys, and Gals, touch all the wood on the table. Yes, we can have John’s Jacob Creek and Tian Soo’s cucumbers, and maybe like Gabriella and Ivan, there may be nothing we can do about. But is there anything you can share, that we can do before this deadline Aug 3? And, if the US fires a bullet at its 300 million population, what can we can do, after Aug 3, besides nothing.
Gosh, I still remember the night before Y2K. And, also the one week after the Y2K.
Terence Seah
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ah lua tua wei & all other schians ah
a very early good de morning hor… i hor can offer u my backside still in 1 good condition lei hahahahha or i can be yr slave lor….ai mai har ? ( want or not )hahahahaa
ah ivan kor ah ….
aiyo i ..now so pai sei liao…u so kek ki 1…u aso ve liu jway jway aso ( plenty of $$$ ) just dat u 1 2 keep low low profile lei…. not like me ai howe lian lei..hahahhaha
sam huat x3…
Perhaps, we wont see a global financial crisis, after Aug 3. Almost everybody I talk to believe that the US will find a solution, just two minutes before the critical deadline on Aug 2. Yet, so much preparation has been done, in the event the US defaults on its debt payment.
Catch up with you on this topic on Aug 3.
Terence Seah
I dont give a damn.
2/8 is but another day which will come and go. Come what may. suicide isnt in most of our minds so the majority of us will live on, a few to join the ranks of octogenarians.
I am more concerned with the end of August, that it arrives quickly. I will then be richer by 50,000 US cents (yes, it’s US$1 = S$!). Caught that street-jumping frog last nite, he offered me a bet he cant win, I cant lose.
Me more concerned with what’s revolving around us closer home.
She passed away 12 years ago today and is only remembered by no more than her children. Comrades of yesterday are like corn flakes of today. Ingestion, digestion and then they come out as faeces. Worthless, unfeeling.
On-going Primary 1 registration has traumatised many parents, kiasi-kiasu that their kids wont get into their Dream Schools.
For sure, day-dreamers must be put in a Dream Schools to study; otherwise, they will scream in the class for the next 6 years and then quit school and sell ice cream after the PSLE.
My kid is in a school which used to hv a big name. Which produced a PM and CEOs of big corporations. It appears to be stuttering in the last decade. That’s why i put her in there.
Message to her : it’s up to you and yr cohorts to work hard to put the school back on the glory path.
“Dont ask what the school can do for you. ask what you can do for the school”. Be “us”; dont be the US, basking in past glory achieved by the bygone.
Every school is good and is a dream school if students want to make it good and spend less time dreaming the dreams of their parents.
If the Demo brat and the Re-pubic aunt were to shake hands and make love, this world would be a better place to live in. OH BUM AH ?
Hi John
Jacob’s Creek! Hope it’s cabernet sauvignon. I have Wolf Blass, Wyndham Estate in line with your aussie grape juice.
Hope this mind-game and even-the-score shiat will stop in time and move on with reality. Bunch of losers.
If not, I’ll count my blessings eating sweet potato and some leaves like a cow.
Watch the CNN as I laze on the hotel bed. A compromise is imminent. Political showmanship is about over. One upmanship gets tiring. The crisis is nearing an end.
Really?
Even if a deal is made by the Ds and Rs, it’s merely pushing doomsday to another day.
Meanwhile. the US is putting itself in a straightjacket. No room to manoeuvre out of a shit-hole. Giving itself a bit more time to print more US$, and pay off its debts.
Then November/December 2011 will come and Santa Claus comes a calling with a sack. No gift in it. A sack for repayment.
A new world economic order has to emerge but is China, India………………Spore, Somali dare take the lead?
With wine today, why think of tomorrow. Booze till you go crazy and only then you find this world less crazy but more beautiful.
WATCH this 13 minute video clip……..
http://www.youtube.com/watch?v=b3-vwYJiD8g
frightening…
The Mayans predicted that 2012 will the end of the world. As with other predictions, I don’t think the world will end in 2012. But the collapse of America have began with the recent spade of disagreements within the US government. It confirms that America have no solution to the problem they have created with their overspending. They want to borrow more !!!
Rome had fallen and Russia have fallen, USA will be next. Many economist have already concluded that the fall of USD and America is imminent. It is a question of when. I think 2012 will be a good year.
Unfortunately, we in Singapore will be effected more than others. Our government have hoards of cash which will have zero value. We have always depend on international trade and commerce to survive. If there is no acceptable currency to exchange, there will be little trade and no commerce. We have no natural resources or skills we can use to exchange with others for food. We will be over 4 million people trying to egg out a living on this little island.
I am going to sleep now. I sleep well because I had a good life.
Yes, they are now considering selling a few states to Asia. Soon there’ll be a Chinese-America, a Japanese-America and an Indian-America. Singapore can buy over Hawaii to replace our once Christmas Island. They call this restructuring!
And, Geraldine, Jacob’s Creek cabernet sauvignon will be on the tap to wash down the steaming sweet potato. The party is on!
Hey John
Yesss! Let’s partayy. Until the grape juice runs out.
Not to worry, Asia will be fine with China looking after HK and if HK is fine, Sg will be fine, too.
Hi Terence,
Well, here you have it. No default by the “great USA” (“great Satan” more likely), but a ridiculous plan to reduce spending over the next 10-12 years by a paltry couple of Ts.
Next the shock announcement from the ECB Chairman that Euro banks are an endangered species in Euroland.
Here’s your bloodbath. Enjoy it while I slowly wash off all the blood on my body. Don’t drink it lah, some of it is mine and you can never be sure if its tainted.
Tian Soo, John and G Gerrie T, Enjoy.
Hi CharlesC #29, JohnH 27,
So far, the US has got away with printing more dollars, and now the debt ceiling has been raised. But, this time, the scenario seems to get worse. Governments, economists, bankers, credit agencies, reporters and even Singapore are seeing a collapse in the dollar. This looks like it may be something we have not seen in our lifetime.
Perhaps, John, with unemployment likely to hit 10% in the US, no money to spend on new wars, no money to pay government officers, even no money to pay social security and pensions, the US economy looks poised to collapse. So, you may be right, soon America will have to start selling his hard assets to China, to India, maybe to the IMF. We have to see what this panel can do in the next 6 months.
But, what is Wall Street doing about this crisis? Many corporations have benefitted from the lifetime, provided by the Central Bank, whereas the citizens are suffering. Will they help?
I guess this talk will only bring the crisis closer to reality. Is it safe to keep SGD? I just read an article yesterday that US banks are charging depositors for safekeeping their monies. Any body keeping money under the pillows?
So,, maybe hard assets are an alternative, only if one has the money to buy. And, not only Gold, it may be good to hold Gold or other metal ores. Oil and food related are also worth looking at. Are we too worried?
So much talk about our reserves, our CPF and other government holidings. Tough, I thought we can look forward to some good SilverHairs years ahead, after the last financial crisis in 2007/8. Time for some belt tightening exercises.
Daniel #25, thank you for the video clip. The video mentioned 5 places where not to be when the dollar collapses further. Interesting, also to read that more tourists are heading for the US. And more students too, if only the immigration treats visitors better.
Terence Seah
Charles
Perhaps you want to join us? Then again, you may not need to.
John and I will certainly party on since there is nothing left to lose (for me, that is). Thing is, the farmer has not responded if our grape juice is good enough to exchange for his cucumber and sweet potato (steaming hot) plus leaves.
I see the whole mess a long time coming. Ok, US’s been downgraded, everyone is in a rile but we must remain calm.
We’ve weathered the previous crisis and I know we will survive this. It’s no longer where every country’s for itself. We are all dependant on each other. One goes down, so does the rest so to speak.
We will ride out this storm.
Let the dust settles and we’ll pick up the pieces and back to what we need to do.
It is a rainy day again, nowhere to go and nothing to do. Much like the world economy at this stage. Our worldly leaders have no idea, except to continue the deceit.
What can we do to protect ourselves?
1. Keep your Singapore dollars and wait to buy cheap properties and stocks.
2. Hope that another politician can come up with a bigger bull…t that everyone can believe and life goes on.
3. Prepare to grow your own food.
4. Learn some skills with your hands to feed yourself.
5. I would like to say ‘make babies’ but it may be too late for most of us. Children can help farming and fight off thieves.
6. Get drunk. I will exchange my sweet potatoes and leaves for grape juice, but not my cucumber.
At last………the farmer has spoken. No cucumber. Fine.
By the way, when the grape juice runs out I will cook. See, I do have a skill and am very good with my hands.
Hope John has some skills, too.
p/s It’s sweltering hot here.
While the world is still unsure whether its economy will collapse, I almost did when i saw the symbols of the ETs.
My kid described one as the Singtel-Hello logo.
I saw another as a pair of specs of a befuddled grumpy, and yet another a porous fan used by the monk Chai Kong.
Of all the indesript, the heart impresses most.
When it comes to marking the X, older folks who dont know what’s happening and what the heck it’s all about might just leave the burden of the cross next to the heart.
That will definitely break my heart.
Dear China,
I sincerely hope you will act steadfastly in the interest of the world by highlighting to the USA, while their VP Joe Biden is visiting, the USA’s deplorable Human Rights records both within & outside of the USA. I hope U’ll urge VP Biden very strongly to stop repressing the basic & fundamental economic Human Rights of Americans & trading partners of the USA by acting responsibly. I hope the World Court will consider indicting all of the USA’s congressmen for economic crimes against their fellow American citizens.
I also urge China, as the very few great powers who can stand up to the economic repressions of the west, to strongly warn & urge the UK to stop repressing & murdering their fellow english men who have the basic rights of protesting peacefully. I demand that China boycott the London Olympic Games, if the UK regime continues with the delinquent behaviour.
end of the economic & sports news in brief. thank you for tuning in to 666.
Hi HenryY,
Short of buying this morning and selling this evening, what are your trading strategies. I have heard “Short selling” may be banned too.
I believe it is inevitable that the RMB will keep appreciating, in controlled steps. We have also been reading “Gold at an all time high”. Also, just read yesterday of the interests in the Swiss currency which has appreciated some 30%. Gosh, and the Australian dollar firmly holding fort.
Guys and gals, please share your thoughts. And stay cool, before Tian Soo recommends us to eat more cucumbers. Alsol nice to read that our new potential EPs are focused on safe keeping our reserves and CPFs.
Feel free to share. again, stay cool.
Terence Seah
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Your Lordships Liu Pei & Sun Quan,
SunZi said ” Continuosly redefine the expance of the battlefield”.
It’s clear Cao2 has taken the advantage & initiative of the battle to the south, in our very own territories with overwhelming force.
SunZi said ” Do not meet hard force with Hard force”
I urge all citizens of Wu & Shu to hunker down, for the winter of discontent have come upon us. This winter may last 6 months, or it may lasy 1 year, preserve your strength, conserve yr energy, while we plan for the Great battle ahead…..The Battle of Red Cliff……
The STI is up by some 33 points today. Those who went long yesterday, sold and locked in their profits today, shd sleep well. My gut feel is, the Dow will spiral down tonite, and those thinking that dracula’s bath is over, will scurry for the door tomorrow.
This is only my hunch. A speculation.
But I am very sure who the next President is, and winning with relatively big margin. This is how I calculate his winning percentage.
In a closely match ended recently when there was disenchantment all round, it was 60% for the winner. A good many who supported the winner then will probably support this Tan.
However, the candidates vie as individuals. When one stands as an individual, one is scrutinised from head to toes, with the focus in the middle. And it’s telling bcos his belly-button looks terrible.
THus, he wont get 60%. If lucky, he might garner 42%-50% of the valid votes cast.
Whatever, the sun wont fall asleep and will still rise on Sunday.
Whatever, the Consitituion is couched in language so strict and tight that whoever he is, there’s not much he can do. Remember, the President has to act under advice, and any attempt to stir the ground and instigate the crowd will only cause tension and bring misery eventually.
The damage is just as colossal if he lends out his Key to any Harry and monkey..
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35.19% was within the range of 32%-37% I predicted weeks before the nomination. With all the hustings – backing of unions, associations, clans and whatnot, I move the % by 10% higher, the same kind of mistake one wd hv made amidst the sounds and furies as horses are led tpo the starter’s gates.
Well, my 1 vote cdnt save him from losing his deposit – quite obvious when he had the smallest camp.
Society is very polarised. With 64.71% nays, it’s easy to say “I shall unite the people” than to do.
In the final moments dawning, they were seen walking with the wives. One shoved the spouse in a very MCP manner. Another took no notice that his wife was next to him. Another touched his tenderly, guiding her on his side as he walked. These small body languages spoke volumes of their personalities – nvm what they had said of themselves or what they will do.
Dear Americans,
Today is Sept 11.
Today all over America, your fellow Americans will hold silence for three minites in a mark of respect for those 3,000 innocent victims who died as a result of terrorist acts.
That’s the right thing to do.
Today, the entire world also expects that all Americans will continue to keep silence for another ninty-nine minites in a mark of respect for more than 100,000- Iraqi fathers, mothers, daughters & sons who were murdered & outright massacred by your American military. The most unimaginably horrible & worst terorist act in human history. A most terrible crime commited by your Government & miltary against a whole nation, against the people of Iraq, who have no role whatsoever in 9.11.2011
Dear Americans, now use your right hand & touch your heart & search your souls, and you will know that, that’s also the right thing to do.
Dear Strats Times & Channel News Asia,
Today is Sept 12.
The day after Sept 11.
No thanks, Straits Times for the many pages commemorating how 3,000 have died & not a word about how another 100,000 Iraqis were murdered!!!!
No Thanks too Channel News Asia for that several hours of Propaganda, are those propaganda an asian perspective?
Both are nothing but western propaganda mouth piece.
10 years have gone by, you believe your propaganda will be able to hide those ugly truths from Singaporean & the world? good luck
Hi HenryY,
I have been travelling, but I have also kept myself abreast with the news.
It is disgusting that there is a loss of perspective when the big powers passed judgement on smaller nations. No doubt, I don’t agree with the killing of 3,000 innocent lives. But, this does not give America the right to invade another country and kill the more than 100,000 innocent lives too. Bush deserves to be sent to a criminal court.
The media needs to take an unbiased approach in its broadcast. Henry, Asians know what is Western propaganda.
I wish the Americans get out of their double dipped recession fast.
Terence Seah
Hi Henry Y
I am with you on this issue.
It intrigues me that 10 years after one of the most daring attack on American soil and they still do not want to ask WHY. They prefer to keep killing Arabs and develop more lethal weapons with borrowed money. It is as if they expect Arabs will cower and disappear from this earth with fear. They did not learn from Hitler, he gassed 2 million Jews to death and they are now strong enough to run America. Terrorism has grown in tandem with American aggression. But the news reporters do not know. They are not paid to know.
I think our major media here in Singapore have done a good job making Singaporeans mindless. Our world news are copies of western reports. The blind leads the blind. The stupid follows. The only use I have for our Media is keep up with technology, by reading the advertisements of new products on sale.
Hi Henry,
I don’t know how many Iraqis were killed in the last 10 years of US domination, but should think its well above the 3000 killed in 9/11. But even one loss of unnecessary life is just one too many, 3000 or 100.000.
I do know that despite the propaganda issued by the US CIA on WMD (weapons of mass destruction), they have not found any, to this day, 10 years later, with all their manpower, technology and resources. Even Gen Colin Powell, US Defence Secretary, in his memoirs, had to apologise for making a mistake. Rumsfeld has resigned, is in disgrace and in denial. Halliburton and other US contractors have made billions of (blood) money. But George Bush is also in disgrace. He may be remembered as the US Prez who wrought financial tragedy on the 220+ millions of US citizens. But let’s wait and see. Who knows what the future will bring?
The tragedy, the grief and sorrow remains over the unnecessary loss of lives. Their cries for justice will ring for years on end. Pax Americana may be re-written. Who knows?
I do know that politics is selfish and hypocritical and politicians are two-faced. US policy is also 2-faced, and for many years. Their calls for human rights and justice are now ringing hollow with reports from Guantanamo. Their duplicitious policies on Latin American countries are now getting louder. Why even only recently we read about how US scientists injected Latin Americans with syphilis, gonorrhea and other disgusting diseases to test out their reactions. The US media has conveniently forgotten about all these embarrassing stories, while still trying to educate Europe on how dangerous debt financing. Conveniently forgetting that the US is the BIGGEST debt financier on planet Earth, which, by the way is also where we reside.
Just last week we read about how 187 Singaporean citizens and companies (NTUC and some CCCs included) are suing Morgan Stanley for about $180+ million, for selling the DBS Pinnacle notes to unknowing Singaporeans, when they knew full well the dire situation of the sub-prime collateral attached to the Pinnacle Notes. BTW, the total loss by Singaporeans number more than the 187, and the total value are about $500 mill+. Some have realised their losses, and their life-savings, when they accepted the heavily discounted and knocked down values offered by the lead banks (like our own Temasek-owned DBS Bk).
While no lives were lost, there was much grief, misery and trauma to these poor Singaporeans. In Singapore, we do not have earthquakes and hurricanes, but we do have financial earthquakes and financial hurricanes, both just as damaging.
What is the role of the media in Singapore? It depends on the government. The media is just a sideshow. Therefore they can entertain, but cannot educate, they can constrain, but cannot grow the mind. There are many instances to show. There is no alternative media, save for those that are approved. Like going to a Russian restaurant and asking what is on the menu. The waiter says “Everything” So you ask for eggs. No eggs, is the reply. How about ‘tim sum’, no tim sum, is the reply. After many attempts, all with the same reply, No, NO, NO. But you say you have ‘everything’? Yes but you have not got it yet. You can have everything you want, but we only have bread and water today, for everyone.
Is it a wonder our ST is rated a lowly 156th in world ranking for truth?
How many Singaporeans know how our savings (public and private, reserves and CPF) are linked to hard assets? And what are they and how much are they worth now? Even OTC, was told to wait 56 years for the answer? How about us lesser mortals? We have no right to know? Is it top secret?
THANK YOU Terence, Charles & TianSoo for adding to our conciousness. The higher our conciousness, the lower the odds are for our children’s childrn becomng slaves in some evil empire.
At this moment, the conciousness are low, the odds are high that our children’s children would be slaves to some “evil white agenda”
On behalf of our children’s children who will stand tall & independent, I urge more man (women included) of conscience to speak up & stand on the side of the truth.
Thank you & God bless us all.