Someone said:
Now... what if one day, we wake up knowing that the Singapore's reserves is nothing but hot air?
Why have the government been unwilling to return CPF, and have been issuing bonds and doing all sorts of stunts like SG50 notes? (1.7 billion printed)
Are they really insolvent? We'll never know, but once you do it'll all be too late. We'll be the second Greece/Brazil almost instantly.
REPLY
I agree with the risk. We need to have a Parliament comprising of a strong opposition to the government. They can demand transparency and accountability.
Now... what if one day, we wake up knowing that the Singapore's reserves is nothing but hot air?
Why have the government been unwilling to return CPF, and have been issuing bonds and doing all sorts of stunts like SG50 notes? (1.7 billion printed)
Are they really insolvent? We'll never know, but once you do it'll all be too late. We'll be the second Greece/Brazil almost instantly.
REPLY
I agree with the risk. We need to have a Parliament comprising of a strong opposition to the government. They can demand transparency and accountability.
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