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Thread: Let's bring down the price of COE together

  1. #51
    Jehuty
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    Quote Originally Posted by mechwira View Post
    at the end of the day, if someone has a better idea of how to control the car population rather than COE, lets hear it. i dun like paying for that piece of paper with a price tag twice the price of the actual car i'm buying, but lets face it: we all want to buy car, but if we are all allowed to buy car, the road becomes unusable. whoever dun acknowledge the real problem of traffic congestion is just in denial.

    the COE system limits the number of cars purchased, period. even if you point out that LTA miscalculate past few years and admit too may COE's released (thus causing current sky-high prices), be aware that essentially that is a calculation mistake, not a systemic flaw.

    so what other method do we have? all i can think of is to peg COE to per household rather than by capacity. 'CAT A' is for a household's first car, 'CAT B' is for the household's second car. So even if husband and wife and one adult son/daughter (staying in the same housing unit) all got class 3, they either make do with one car for entire family, or bid utra-high 'CAT B' for a second or third car. after all what's the point of pegging the category to capacity? for car control, one family forced to use a single big capacity minivan better or two/three small cars better? penalize the households getting second and third cars, not the ones buying bigger cars.

    but whatever method you think of, bear in mind this: any effective method you propose necessarily means that a significant portion of us will not be able to buy car, because that is the whole point of car population control. we cant all be getting cars because then the road is too congested. the only issue is can there be a method where only some of us get to buy cars without resorting to increasing the price of the cars.
    Thing is, whatever method they use, the roads will still be congested, especially when you brought in FTs by the boatload.

  2. #52
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    SINGAPORE (OR whoever in charge) has a master plan. To make Singapore VIBRANT AND constantly on the move (NOT STAGNANT), They want MORE PEOPLE. MORE PEOPLE MORE ACTIVITIES. MORE MONEY. MORE PEOPLE THEN MAKE MORE HOUSES , MORE VEHICLES , MORE ROAD (LIMITED BUT MORE), MORE VEHICLES BUT LIMITED COE SO IT MEANS MORE MONEY, MORE PEOPLE MORE PEOPLE DOING CRIME (MAYBE YES MAYBE NO) THUS MORE POLICE, THUS MORE JOBS THUS ATTRACTING MORE FTs, thus to them creating more jobs for we singaporean.

     

     
  3. #53
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    yup, when i put up my last post, i wondered when the FT-bashing will start. Immediately, it seems.

    It's true: it's more fun to ride a slow bike fast than to ride a fast bike slow. Admittedly, though... It is MOST fun to ride a fast bike fast!

  4. #54
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    mine standing is, i paid government the coe, government claim the fund and simply say they will take the money and put it back in ministry of finance. what are they then used for? at the moment i can only think of major corruption figures behind abusing the country so called low corruption rate figure. are the money used for charity? I dont think so, our government are infamous for taking part in little of such activities despite drawing tremendous salary.

    hence this system is flawed as it open gates to corruption. because nobody know exactly where did the 30billions are spent after they earned them by coe. government made no explaination to the people either because people had so much trusts in the government.
    but among the big head insiders u just need to pay the lower figures insiders 100k-1mil out of the 30billion each to shut their mouth what they actually did with the money.

    so be it 300$ or 30k or 300k, all the car owners are feeding this powerful guy behind the management of coe without knowing where the money went to just to get the rights to buy their car which i will say is a fundamental right actually, but made hard to get. the human rights are granted only if you can pay me(the government/figures behind coe), because there is so much people in singapore, human rights are rewarded to those who pays me, your ruler, your leader, your government, because im on a grand plan to become the first trillionaire in the world. that is the message behind coe that im inferring.

    singaporeans just donno their rights and fight for something that belongs to them.


    mine idea requires resources? then the chicken rice stall auntie would had even more trouble allocating resources when they started the idea with minimal business and management knowledge.
    Last edited by guangwei; 28-05-2013 at 09:24 PM.
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  5. #55
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    Don't let dealer bid the COE for you if you're buying new bike. If everyone do so, COE price guarantee come down.

  6. #56
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  7. #57
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    Quote Originally Posted by ki113r View Post
    Why go up?
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    Quote Originally Posted by 736cc View Post
    Why go up?
    Supply (quota) decrease, demand increase. So most likely will go up, but only up by hundreds ba.


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  9. #59
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    supply and demand is always one of the few root caused

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    Yup but will they abolished the coe?

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    Quote Originally Posted by attap chee View Post
    Yup but will they abolished the coe?
    I really doubt so. Where bikes are concerned, I view it like a tax because it cost about the same as a mid range laptop. At that level, it will not reduce vehicle ownership. Not as though bikes significantly contribute to congestion to begin with...
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    Quote Originally Posted by Lowness View Post
    supply and demand is always one of the few root caused
    questions arise when supply can be fully controlled...in relation to demand.
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    your hobbies are my annual pay liao hehehehhe



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    PAP is to blame for high COE.

    COE is supposed to control vehicle population, and thus traffic jam. Instead, record high COE price with Record traffic jam, record breakdown in MRT with record profits, does it make sense? It only show our PAP scholars ministers, who pay themselves super high, are simply incompetent. They are not fit for any use in society.

    We have so many Foreign Trash today, because PAP is Trash too. Today, many FT can buy cars with full payment on the spot, they are not affected by recent loan restriction. Do IRAS & MAS investigate where their money come from??? With Casino, how to investigate, except cause many to bankrupt, not to mention recently cases where casino cause civil servants to go to jail.

    With 6.9 million, more Foreign Trash, COE will go up, traffic jam will be more jam, more breakdown in MRT, not to mention, more PMET jobs lost to Foreigners.

    The only way is to vote PAP out. PAP is giving our future & next generation for sake of Foreign Trash, so vote wisely.
    Last edited by AliDavidSum; 04-09-2013 at 05:38 PM.
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    Quote Originally Posted by Baal View Post
    I really doubt so. Where bikes are concerned, I view it like a tax because it cost about the same as a mid range laptop. At that level, it will not reduce vehicle ownership. Not as though bikes significantly contribute to congestion to begin with...
    refer to the article http://www.gizmag.com/motorcycles-re...gestion/21420/
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    Quote Originally Posted by Tyrian View Post
    Another great reason why COE should not apply to bikes. My car has 2 yrs & 5 mths to go. On the last month of COE, both my kids will in Primary 1 & 3 respectively. Maybe that will be a good time for me to go back to my riding days. But when I think of family outings on weekends w/o a car

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    Its true that family outings without car is not convenient. But by taking public transports or cabs, we don't have to concentrate on the road driving or riding. We can rest our mind more...lol. i find it enjoyable at times.

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    nothing we can do about it, price of living going up

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    so can i get a coe first andthen buy a new bike? will the bike have a higher premium ?
    Trying to clock 50 posts DONE !

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    but how will that benefit the bike buyer?
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    Quote Originally Posted by artop123 View Post
    nothing we can do about it, price of living going up
    Can, get rid of the guys who made this happen.

     

     
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    to think that it all started at $1. But they control the supply of the toilet papers. So effectively no way to out. Yea, I believe in a 1st world parliament. should start or is there a thread on "lets petition them to relook the licensing system". Wished it was more relevant. Even if it stayed 3 tier, but based on system using hp, we would see a lot more variety at the class 2A & 2 cats. Say 250cc, 500cc, >500cc or 30hp, 60hp, >60hp. Since soon bikes must be at least euro 3, then at least the try & be in sync with the euro system or at least in part. Sigh, I am still sore that Sk not allowed to have the new Honda 500 series.
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    KNN, now not only never go down but went up to $1961. pui pui pui.
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    Quote Originally Posted by Baal View Post
    to think that it all started at $1. But they control the supply of the toilet papers. So effectively no way to out. Yea, I believe in a 1st world parliament. should start or is there a thread on "lets petition them to relook the licensing system". Wished it was more relevant. Even if it stayed 3 tier, but based on system using hp, we would see a lot more variety at the class 2A & 2 cats. Say 250cc, 500cc, >500cc or 30hp, 60hp, >60hp. Since soon bikes must be at least euro 3, then at least the try & be in sync with the euro system or at least in part. Sigh, I am still sore that Sk not allowed to have the new Honda 500 series.
    You do know the license system is not really an issue, it just affects impatient people. COE on the other hand, is a much more dire issue of extortion by law.

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    cannot imagine so many rich guy desperate to get new vehicle.....
    Trying to clock 50 posts DONE !

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    i do agree on that, but the lic system may also have a knock on domino effect. Due to lic system, certain bikes become a rare breed & the net effect is that those bikes not brought by AD, then PI mark like mad. The tenure 660. 21k for a single cylinder bike gosh. Coe for bike is just crap.
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    Quote Originally Posted by mechwira View Post
    so what other method do we have? all i can think of is to peg COE to per household rather than by capacity. 'CAT A' is for a household's first car, 'CAT B' is for the household's second car.
    Yup, this is the only fair way to let this resource be shared n congestion n car population be controlled.
    Under this system If i'm a family man and i want to buy a car and my household consists of me, wife, 3 children then i can only buy one car. I pay the COE of which is capped at 30k and then i get to own a car cos i need to send my young chilren one in infant care, another in nursery and another to kindergarten n then get wife to the nearest MRT station for her to go to work and on some days, i have to ferry my old age mother to her doctor's appointment cos she is wheelchair bound.

    I would like to have another car but the COE would be 100K to get a second one. So better than nothing I am thankful cos i bought a 7 seater MPV and can ferry the whole family including my parents if we want to go out on weekends.

    And if i'm a rich tycoon, i can buy any car i want! But because of this system i'll just get the huge BMW 7 series so my wife n 2 kids can sit inside comfortably. Buy since i got so much money, i'll pay the 100k COE to get myself that spanking new lambo n my wife gets to drive the BMW.

    Isn't this system fairer???? Poor man whom NEEDS a car can have one and a rich man too can have one.

    Now have u guys noticed at your carparks n see some ppl living at HDB flats wherby father drives a BMW, mother drives an MPV, son drives a REX and daughter drives a mini cooper? N because of them you can't buy season parking for your house carpark n has to park damn far n walk home? In the morning u see the father, son n daughter go to work all driving their cars but with 4 seats empty n later at 10pm the mother goes off to meet her taitai sisters driving the mpv with 6seats empty!

    Whilst the neighbour with 2 kids n wheelchair bound parent n a pregnant wife all rush to the MRT station jostling with the crownd so that he n wife could drop off the children at their nursery n in time so that he n his wife can rush to work. Not only that, he has to take time off to take a taxi and send his wheelchair bound parent for doctor's appointment once every few weeks.

    So is the current system any where near fair at all?

    Quote Originally Posted by guangwei
    Also I dont understand how they can convince at least half of the population with this extremely obviously flawed system by rewarding whoever that pay them the most to use the Singapore road
    Why is the system still around when it is flawed, well there are sooooo many examples in life when a group of ppl choose things to be mediocre so that they can benefit from it. Take an example of electronic products, last time when u buy a mobile phone from nokia, u will expect it to withstand the test of time. I'm sure many of us are used to the old brick like nokias. But then technology progress, instead of making the technology to easily upgrade your mobile phone easier instead of buying a new one, the manufacturers make it impossible to do it n u have no choice but to buy a new set. N then these things will not only seem to lag after a period of use but components also start to go haywire n then it suddenly means u need to buy a new one. N we all know that electronic components nowadays all are made to have a life expectancy n after that it will start to fail. Why didn't someone make these components last longer? Well answer is, there is no profit to be made from making the thing last your lifetime rite?

    THis is why the current system is existent, its because it is made to be a flawed system! And gangwei is spot on the govn to gain revenue and profit from it. Even when they argue on it in parliament, the arguments brought forward are all scripted to be flawed so whatever outcomes of it is still a flawed system just like the new COE cat they passed through parliament. Be it the COE system, road tax or even the ERP is never made to control congestion or car population, its just made to be a profiteering tool for the govn.

    "Paradoxically, the high prices of cars have made them even more desirable as status symbols. This is why luxury brands trump cheap brands in Singapore sales. If the desirability of cars keeps rising, our efforts to curtail car ownership will be as successful as a dog chasing its tail." - Mahbubani.K , Professor in the Practice of Public Policy
    Source - http://sgtalk.org/mybb/Thread-Mahbub...asing-its-tail

    So same as the COE system, it is made to be a dog chasing its tail cos there's someone to profit from it. THe dog owner of course cos its entertainment to him or in COE terms is just the govn plain profiteering from it.

    Where the money goes? Well has anyone looked at where we are in the world on the public debt list?
    here take a look: https://www.cia.gov/library/publicat.../2186rank.html

    We are number 11 in the world ranked by public debt to GDP, did anyone notice that, greece, portugal, ireland, iceland, italy are eurozone countries whom are either bankrupted or are going to?

    So does this ring a bell where might all the money go to?????
    But question is "I thought we have our national reserves, which is said to be so huge"
    Well does anyone even know how much out reserves are? Even our late President Ong Teng Cheong whom asked this question
    in parliament cos he is handed the key to the reserves n were given an excuse that it takes "55man years to calculate it". Since even the president was told that he cannot get the figures, isn't it easier to just let it be unknown so that even if its ZERO no one really knows.
    Last edited by XclandestineX; 11-10-2013 at 02:57 AM.

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    Not much the people can do untill alternative voices gain 40% where it counts. I am returning to my 2 wheeled roots in 2016. I am also married with 2 young children. Meanwhile, i can only vote wisely. If its just for myself, even a 10k coe is too much.

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    Quote Originally Posted by XclandestineX View Post
    Yup, this is the only fair way to let this resource be shared n congestion n car population be controlled.
    Under this system If i'm a family man and i want to buy a car and my household consists of me, wife, 3 children then i can only buy one car. I pay the COE of which is capped at 30k and then i get to own a car cos i need to send my young chilren one in infant care, another in nursery and another to kindergarten n then get wife to the nearest MRT station for her to go to work and on some days, i have to ferry my old age mother to her doctor's appointment cos she is wheelchair bound.

    I would like to have another car but the COE would be 100K to get a second one. So better than nothing I am thankful cos i bought a 7 seater MPV and can ferry the whole family including my parents if we want to go out on weekends.

    And if i'm a rich tycoon, i can buy any car i want! But because of this system i'll just get the huge BMW 7 series so my wife n 2 kids can sit inside comfortably. Buy since i got so much money, i'll pay the 100k COE to get myself that spanking new lambo n my wife gets to drive the BMW.

    Isn't this system fairer???? Poor man whom NEEDS a car can have one and a rich man too can have one.

    Now have u guys noticed at your carparks n see some ppl living at HDB flats wherby father drives a BMW, mother drives an MPV, son drives a REX and daughter drives a mini cooper? N because of them you can't buy season parking for your house carpark n has to park damn far n walk home? In the morning u see the father, son n daughter go to work all driving their cars but with 4 seats empty n later at 10pm the mother goes off to meet her taitai sisters driving the mpv with 6seats empty!

    Whilst the neighbour with 2 kids n wheelchair bound parent n a pregnant wife all rush to the MRT station jostling with the crownd so that he n wife could drop off the children at their nursery n in time so that he n his wife can rush to work. Not only that, he has to take time off to take a taxi and send his wheelchair bound parent for doctor's appointment once every few weeks.

    So is the current system any where near fair at all?



    Why is the system still around when it is flawed, well there are sooooo many examples in life when a group of ppl choose things to be mediocre so that they can benefit from it. Take an example of electronic products, last time when u buy a mobile phone from nokia, u will expect it to withstand the test of time. I'm sure many of us are used to the old brick like nokias. But then technology progress, instead of making the technology to easily upgrade your mobile phone easier instead of buying a new one, the manufacturers make it impossible to do it n u have no choice but to buy a new set. N then these things will not only seem to lag after a period of use but components also start to go haywire n then it suddenly means u need to buy a new one. N we all know that electronic components nowadays all are made to have a life expectancy n after that it will start to fail. Why didn't someone make these components last longer? Well answer is, there is no profit to be made from making the thing last your lifetime rite?

    THis is why the current system is existent, its because it is made to be a flawed system! And gangwei is spot on the govn to gain revenue and profit from it. Even when they argue on it in parliament, the arguments brought forward are all scripted to be flawed so whatever outcomes of it is still a flawed system just like the new COE cat they passed through parliament. Be it the COE system, road tax or even the ERP is never made to control congestion or car population, its just made to be a profiteering tool for the govn.

    "Paradoxically, the high prices of cars have made them even more desirable as status symbols. This is why luxury brands trump cheap brands in Singapore sales. If the desirability of cars keeps rising, our efforts to curtail car ownership will be as successful as a dog chasing its tail." - Mahbubani.K , Professor in the Practice of Public Policy
    Source - http://sgtalk.org/mybb/Thread-Mahbub...asing-its-tail

    So same as the COE system, it is made to be a dog chasing its tail cos there's someone to profit from it. THe dog owner of course cos its entertainment to him or in COE terms is just the govn plain profiteering from it.

    Where the money goes? Well has anyone looked at where we are in the world on the public debt list?
    here take a look: https://www.cia.gov/library/publicat.../2186rank.html

    We are number 11 in the world ranked by public debt to GDP, did anyone notice that, greece, portugal, ireland, iceland, italy are eurozone countries whom are either bankrupted or are going to?

    So does this ring a bell where might all the money go to?????
    But question is "I thought we have our national reserves, which is said to be so huge"
    Well does anyone even know how much out reserves are? Even our late President Ong Teng Cheong whom asked this question
    in parliament cos he is handed the key to the reserves n were given an excuse that it takes "55man years to calculate it". Since even the president was told that he cannot get the figures, isn't it easier to just let it be unknown so that even if its ZERO no one really knows.

    Same place where our CPF money goes to, our reserves and that's where the gahmen dips to invest like casinos, FTs and etc. Temasek didn't make its billions of dollars in losses public did they? Singapore prints out papers and coins, they are like credits so we can use what we 'owe' the gahmen.

    COE is basically unpaid hard work from you because road tax, insurance, machine price and seller's profit are all tangible things, road tax because they need money to maintain and build roads, machine price for buying the cost required to build the car, seller's profit to pay the people who brought you the car, insurance to cover your a$$ in an event of an accident then COE for what? I paid for the thing in full, road tax, insurance, machine plus a lil for the seller, why the F can I use it only for 10 years? That's COE in a nutshell.

    You might have thought that if they bundled COE and that it covered road tax and insurance for 10 years would be alot more fair but that isn't the case, less money for them to siphon from.

    They could have just controlled how many vehicles per family can have, which is far more effective but that would not have been profitable or as profitable as the COE system. You wanna stop congestion, make COE 1 million lor.

    One can use the usual argument 'If you think COE so bad, you come up with a better idea lor', my rebuttal would be 'you pay me millions of dollars like our ministers lor'. I don't see change in the PAP or that they will change, to me anything that is not PAP is a welcomed change, at least it is a change.

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    at MCF, there were many suggestions. But......

    I future, i forse see for CAT A, there will be lots of 1.6 TD. With specs like over 120hp / 240nm. And TD continentals are not rare at all. So in the end, its still a rich maket. Cat A is for rich. Cat B is for elite. Bye Bye to the worker & sandwich class.
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    Quote Originally Posted by Baal View Post
    at MCF, there were many suggestions. But......

    I future, i forse see for CAT A, there will be lots of 1.6 TD. With specs like over 120hp / 240nm. And TD continentals are not rare at all. So in the end, its still a rich maket. Cat A is for rich. Cat B is for elite. Bye Bye to the worker & sandwich class.
    To me anyone that buys 1st hand car, doesn't have a family of his/her own is rich, anyone that buys Supercars are filthy rich.

     

     
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    i say just let the person pay whatever he is bidding.
    Trying to clock 50 posts DONE !

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    Quote Originally Posted by Jehuty View Post
    Same place where our CPF money goes to, our reserves and that's where the gahmen dips to invest like casinos, FTs and etc. Temasek didn't make its billions of dollars in losses public did they? Singapore prints out papers and coins, they are like credits so we can use what we 'owe' the gahmen.

    Temasek Holdings Loses 31 Percent of Portfolio
    http://www.nytimes.com/2009/02/11/bu...11temasek.html

    By BETTINA WASSENER
    Published: February 10, 2009

    HONG KONG — Temasek Holdings, the Singapore government’s sovereign wealth fund, said Tuesday that the value of its investment portfolio fell by 31 percent of its total, or about $39 billion, from March to November last year, a reflection of the stock market rout set off by the turmoil surrounding American subprime mortgages.

    Temasek’s portfolio was worth 127 billion Singapore dollars ($85 billion) at the end of November, down 31 percent from the end of March. Lim Hwee Hua, senior minister of state with the Finance Ministry, confirmed the figures to Parliament on Tuesday, news agencies reported.

    The decline was broadly in line with the performance of the world’s stock markets last year — the MSCI World Index fell 38 percent over the same period in American dollar terms, Bloomberg News said.

    Temasek, which has a wide-ranging portfolio spanning financial services, telecoms, media, infrastructure and other sectors, is nursing losses from prominent investments that it made in Merrill Lynch and Barclays as it aggressively expanded outside its core Asian market.

    Its $5.9 billion investment in Merrill Lynch alone resulted in a loss of more than $2 billion; the shares plunged before the stock was delisted after Merrill’s purchase by Bank of America.

    Temasek controls some of Singapore’s best-known companies, including Singapore Airlines and Singapore Telecommunications, and has stakes in global companies like Standard Chartered.

    Last week, Temasek announced that its chief executive, Ho Ching, would step down and be replaced by Charles Goodyear, the former chief executive of BHP Billiton, on Oct. 1.

    S. Dhanabalan, Temasek’s chairman, said that the decision by Ms. Ho to step down was not linked to performance and that it was too early to determine whether investments made in the last two years would lose out in the long term. Ms. Ho drove the state fund’s expansion outside Singapore with acquisitions in China, Europe and the United States. She is married to Prime Minister Lee Hsien Loong.





    even the amgmo chip goodyear didn't want to take over the job cos it would mean that
    the screwups will be blamed on him later on. So is our national reserves really sooooo much money meh?
    N now we have KFC uncle tony who is the President n he was the Executiv Director of GIC so isn't it soooo nice?
    Now we will never know if our national reserves have money or not.So if u wonder why the gahmen need cheat money from us sooooo much from COE, ERP, ROAD TAX, ARF, HDB, GST, TOWN COUNCIL etc etc etc if we got soooooo much money from our reserves then u should ask, IS THERE REALLY MONEY INSIDE OUR NATIONAL RESERVES MEH????

    If our national reserves got soooooo much money, why are we paying so much for everything while wages and benefits are stagnated? In fact if we have soooo much money, we can easily reach the swiss standard of living where, medical, education and social services are almost free and public transportation is sooo efficient and sooo cheap that ppl will just choose to take public transport, even the rich would think its better to take the MRT cos its safe, efficient, fast not crowded n u can be seen in public showing off your clothes n accessories in public.

    And if we have soooo much money in our reserves why we do we need to import more n more FT over here to expand the economy to get more revenues??? In fact if we have soooooo much money, the immigration policy into singapore should be almost zero unless a singaporean gets married to a foreigner then bo pien, he/she then should get a PR. If we have sooo much money in our reserves our economy should be almost self sufficient even if we close it to the outside world n live on our own (that is the extreme case but it is an anology we should consider) cos look at the swiss, immigration to their country is soooo tight even if u are married to one, it does not grant you a swiss passport immediately.

    In fact if our national reserves has sooooo much money, who cares if population is aging n not enuf new citizens, we would be aging gracefully, with social benefits like medical, elder care etc taken care off by the govn n we would be a nation with only 2-3 million citizens but we have damn good quality of life till we die.
    N men and women from singapore would be sought after as husbands and wives all over the world cos if u get married to one n gain citizenship, it would mean u will be taken care of for life. Unlike now, where the pink ic is thrown everywhere to almost anyone.
    NOW THAT IS THE SWISS STANDARD OF LIVING! So what type of living standards and condition we are living in now in Sgp?

    Last edited by XclandestineX; 11-10-2013 at 10:59 PM.

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    Quote Originally Posted by XclandestineX View Post
    Temasek Holdings Loses 31 Percent of Portfolio
    http://www.nytimes.com/2009/02/11/bu...11temasek.html

    By BETTINA WASSENER
    Published: February 10, 2009

    HONG KONG — Temasek Holdings, the Singapore government’s sovereign wealth fund, said Tuesday that the value of its investment portfolio fell by 31 percent of its total, or about $39 billion, from March to November last year, a reflection of the stock market rout set off by the turmoil surrounding American subprime mortgages.

    Temasek’s portfolio was worth 127 billion Singapore dollars ($85 billion) at the end of November, down 31 percent from the end of March. Lim Hwee Hua, senior minister of state with the Finance Ministry, confirmed the figures to Parliament on Tuesday, news agencies reported.

    The decline was broadly in line with the performance of the world’s stock markets last year — the MSCI World Index fell 38 percent over the same period in American dollar terms, Bloomberg News said.

    Temasek, which has a wide-ranging portfolio spanning financial services, telecoms, media, infrastructure and other sectors, is nursing losses from prominent investments that it made in Merrill Lynch and Barclays as it aggressively expanded outside its core Asian market.

    Its $5.9 billion investment in Merrill Lynch alone resulted in a loss of more than $2 billion; the shares plunged before the stock was delisted after Merrill’s purchase by Bank of America.

    Temasek controls some of Singapore’s best-known companies, including Singapore Airlines and Singapore Telecommunications, and has stakes in global companies like Standard Chartered.

    Last week, Temasek announced that its chief executive, Ho Ching, would step down and be replaced by Charles Goodyear, the former chief executive of BHP Billiton, on Oct. 1.

    S. Dhanabalan, Temasek’s chairman, said that the decision by Ms. Ho to step down was not linked to performance and that it was too early to determine whether investments made in the last two years would lose out in the long term. Ms. Ho drove the state fund’s expansion outside Singapore with acquisitions in China, Europe and the United States. She is married to Prime Minister Lee Hsien Loong.





    even the amgmo chip goodyear didn't want to take over the job cos it would mean that
    the screwups will be blamed on him later on. So is our national reserves really sooooo much money meh?
    N now we have KFC uncle tony who is the President n he was the Executiv Director of GIC so isn't it soooo nice?
    Now we will never know if our national reserves have money or not.So if u wonder why the gahmen need cheat money from us sooooo much from COE, ERP, ROAD TAX, ARF, HDB, GST, TOWN COUNCIL etc etc etc if we got soooooo much money from our reserves then u should ask, IS THERE REALLY MONEY INSIDE OUR NATIONAL RESERVES MEH????

    If our national reserves got soooooo much money, why are we paying so much for everything while wages and benefits are stagnated? In fact if we have soooo much money, we can easily reach the swiss standard of living where, medical, education and social services are almost free and public transportation is sooo efficient and sooo cheap that ppl will just choose to take public transport, even the rich would think its better to take the MRT cos its safe, efficient, fast not crowded n u can be seen in public showing off your clothes n accessories in public.

    And if we have soooo much money in our reserves why we do we need to import more n more FT over here to expand the economy to get more revenues??? In fact if we have soooooo much money, the immigration policy into singapore should be almost zero unless a singaporean gets married to a foreigner then bo pien, he/she then should get a PR. If we have sooo much money in our reserves our economy should be almost self sufficient even if we close it to the outside world n live on our own (that is the extreme case but it is an anology we should consider) cos look at the swiss, immigration to their country is soooo tight even if u are married to one, it does not grant you a swiss passport immediately.

    In fact if our national reserves has sooooo much money, who cares if population is aging n not enuf new citizens, we would be aging gracefully, with social benefits like medical, elder care etc taken care off by the govn n we would be a nation with only 2-3 million citizens but we have damn good quality of life till we die.
    N men and women from singapore would be sought after as husbands and wives all over the world cos if u get married to one n gain citizenship, it would mean u will be taken care of for life. Unlike now, where the pink ic is thrown everywhere to almost anyone.
    NOW THAT IS THE SWISS STANDARD OF LIVING! So what type of living standards and condition we are living in now in Sgp?

    No money already. That why they keep increasing the CPF amount. We can only see our CPF in paper as figures but not cold hard cash. That why will take them hundreds of years to reveal us whats left in the reserve.

    Smart move by Ho Ching. Bail out before things get uglier. Familiar? Similar move by the MRT CEO Saw. Best of buddies.
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    Quote Originally Posted by duo View Post
    No money already. That why they keep increasing the CPF amount. We can only see our CPF in paper as figures but not cold hard cash. That why will take them hundreds of years to reveal us whats left in the reserve.

    Smart move by Ho Ching. Bail out before things get uglier. Familiar? Similar move by the MRT CEO Saw. Best of buddies.
    By increasing the minimum sum then lesser cash is needed to be printed by the govn to pay back these retirees. N by increasing the age of the CPF drawdown, it will postpone the cash payment too. In the end, these retirees just get a few hunderd dollars per month that is all.

    As your CPF sits inside the CPF bank looking like a lot of money but its actually just digits on the computer screen and it is getting smaller n smaller n smaller via inflation year on year. Go look at inflation figures which is 3-5% whilst the CPF only pays what's the interest rate of your ordinary account now?

    Even if one day u get to get all the money out, so many opportunites has been lost cos things are more expensive or should i say the money became cheaper after that so many years sitting inside the CPF bank as the govn keep on printing money.

    Well what about would happen if the govn pays all our CPF now? Well imagine super hyper inflation cos they would have to print billions of SG dollars to pay us all back when the economy is still so limited in size. That money will forever circulate without an end n your Teh today cost 1 dollar, will cost 5 dollars tmrw.

    So how to solve this problem? Expand the economylah, how to expand the economy? Open the immigration floodgates n let everyone in lah! More ppl means they will need more cars so more expensive COE, more houses needed cos of short supply so HDB becomes expensive, so need more money circulating lah. So now they can print more money!

    So ask yourself again, where are all our sovereign reserves gone too if this is the situation we are going through?
    If we have sooooo much national reserves why are we being robbed everyday? Well by 2016 its gonna be too late to even vote for a change cos the new citizens with the 7million white paper plan will take over n squeeze the native born n bred singaporeans out making their voices no more n KFC uncle Tony will just smile cos he managed to keep the national reserves still a secret.
    Last edited by XclandestineX; 13-10-2013 at 09:42 PM.

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    Quote Originally Posted by XclandestineX View Post
    By increasing the minimum sum then lesser cash is needed to be printed by the govn to pay back these retirees. N by increasing the age of the CPF drawdown, it will postpone the cash payment too. In the end, these retirees just get a few hunderd dollars per month that is all.

    As your CPF sits inside the CPF bank looking like a lot of money but its actually just digits on the computer screen and it is getting smaller n smaller n smaller via inflation year on year. Go look at inflation figures which is 3-5% whilst the CPF only pays what's the interest rate of your ordinary account now?

    Even if one day u get to get all the money out, so many opportunites has been lost cos things are more expensive or should i say the money became cheaper after that so many years sitting inside the CPF bank as the govn keep on printing money.

    Well what about would happen if the govn pays all our CPF now? Well imagine super hyper inflation cos they would have to print billions of SG dollars to pay us all back when the economy is still so limited in size. That money will forever circulate without an end n your Teh today cost 1 dollar, will cost 5 dollars tmrw.

    So how to solve this problem? Expand the economylah, how to expand the economy? Open the immigration floodgates n let everyone in lah! More ppl means they will need more cars so more expensive COE, more houses needed cos of short supply so HDB becomes expensive, so need more money circulating lah. So now they can print more money!

    So ask yourself again, where are all our sovereign reserves gone too if this is the situation we are going through?
    If we have sooooo much national reserves why are we being robbed everyday? Well by 2016 its gonna be too late to even vote for a change cos the new citizens with the 7million white paper plan will take over n squeeze the native born n bred singaporeans out making their voices no more n KFC uncle Tony will just smile cos he managed to keep the national reserves still a secret.
    Gahmen print money, give banks, banks make money off debt, since SG is so expensive, people take up more loans thus making the banks rich and the gahmen richer. Problem is, all that money isn't real, the value of the money becomes less and less, thus inflation, things never got more expensive, Singapore just got cheaper for everyone else that is not Singaporean.

    For example, bangla work here, bangla get Singapore money, bangla change Singapore money into Bangla money, he makes a profit.

    Just look at it this way, Singapore is a giant bank.
    Last edited by Jehuty; 14-10-2013 at 02:10 AM.

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    yep, its a well known fact already. This place is a business entity. Even if another 2-3 GRC fall in the next GE, still cant make them lose 2/3 maj, which means they can safely bulldoze whatever they want across.
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    Quote Originally Posted by Baal View Post
    yep, its a well known fact already. This place is a business entity. Even if another 2-3 GRC fall in the next GE, still cant make them lose 2/3 maj, which means they can safely bulldoze whatever they want across.
    Agreed. This little island is a company. Run like a company. A business hub. Provided with housing which we still owe to the company paying for it our entire life. We are going backwards as far as living is concerned. Houses are getting smaller and smaller. Similar to the 'quarters' our parents used to live in.
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    Quote Originally Posted by Baal View Post
    yep, its a well known fact already. This place is a business entity. Even if another 2-3 GRC fall in the next GE, still cant make them lose 2/3 maj, which means they can safely bulldoze whatever they want across.
    unfortunately, all was lost after our last chance in 2001 & our 'remedial' chance in 2006. our nation's "true" sovereignty was lost by 2005 & sunk by 2008.

    not being cynical above, but my own analysis of the situation.

    can it be salvaged? answer is both yes & no. yes because it is technically possible.

    no because it will take a complete makeover in our mindset. it is no longer just about voting, that is NOT going to make much of a difference, it will slow down the decline but not cure the root cause.

    i was a oppostition supporter for many years but recently i realise even the opposition is not enough. we have a national crisis that will take years maybe even decades to overcome.

    the situation is way graver than i thought. it is not insurmountable but unfortunately, after 5 decades of propaganda & tight control, our people may not be up to the challenge, that is my biggest fear.

    our observation on our national pysche / mindset ( even amongst anti pap folks ) have not given me any hopes to suggest we may be strong or radical enough in our minds to change things.

    4 decades of tightly controlled socialist & fascist mixture 'experiment' in a small island has been way too successful for the totalitarism globalist. we are now trapped & 'pwned dip dip' in our minds.

    after 5 decades, 2 generations ( my parents & my own ) & probably a third generation in today's youths, most of our minds have been shackled by the strongest chains. worst of all, our people have got so used to them that most are unwilling to take them off! it saddens & grieves me greatly...
    Last edited by bruce71; 21-10-2013 at 12:55 PM.
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    Quote Originally Posted by Jehuty View Post
    Gahmen print money, give banks, banks make money off debt, since SG is so expensive, people take up more loans thus making the banks rich and the gahmen richer. Problem is, all that money isn't real, the value of the money becomes less and less, thus inflation...

    Just look at it this way, Singapore is a giant bank.
    nope, you are wrong on 1 very important fact ( most important fact ).

    You got it all WRONG. no, no, no...it is not the way you think it is. you have not yet understood the money creation process. NO, the gahmen DON'T print money nor create it.

    Our PM recently said "money does not come from heaven"

    the truth is going to shock you so much that you may not believe it. do more research & find out more. that is about the most i can say here in a public forum as i need to protect my own personal safety.
    Last edited by bruce71; 21-10-2013 at 01:03 PM.
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    Quote Originally Posted by bruce71 View Post
    nope, you are wrong on 1 very important fact ( most important fact ).

    You got it all WRONG. no, no, no...it is not the way you think it is. you have not yet understood the money creation process. NO, the gahmen DON'T print money nor create it.

    Our PM recently said "money does not come from heaven"

    the truth is going to shock you so much that you may not believe it. do more research & find out more. that is about the most i can say here in a public forum as i need to protect my own personal safety.
    For those whom didn't understand the discussions so far here's a video regarding money creation through the fractional reserve banking system explained in plain simple english.

    Take some time to watch it and process cos it is kind of challenging if one has never approached this topic or has never thought about it to ponder in their heads.

    I'm sure most would be awestruck that this is actually how money is being created by central banks to finance a government's budget n how perpetually inflationary the system is.

    To think about it draws some kind of similarity on how the COE system is made to be flawed for someone to be benefitting from it.


     

     
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    Quoted from a Forumer at MCF.

    "I remember it. Because I bidded $2 that time...thinking I had gotten it.
    From that day onwards....I know there must be invisible hand at work somewhere.
    Also with the LTA formula, the motorcyle COE quota available will be decreasing 15% each review cycle. Becaue the formula dictates that 15% of deregistered motorcyle quota will be allocate into Cat.E. only 85% will be put back into the motorcyle Cat.D pool of quotas.

    So in theory....the motorcycle numbers on the road will be cut by 15% every ten years. In a decreasing trend untill one find day Motorcycle COE will cost $20,000 each.(my prediction only)

    Not many people KPKB becaue, I assumed motorcycles owners are mostly poor and voiceless.

    Somehow I think this 15% rule is wrong and in future will cause the Cat.D to be very expensive. "
    1997 TZR 125 - 1998 FZ 150 - 1999 GSXR 400K - 1999 RX 100 - 2000 LC 125 - 2001 TZR 125 - 2002 CB 400 Ver S - 2006 CBR 929 - 2006 GETZ 1.4 - 2009 STEED 400 - 2016 ???

    Riders ride to work. Drivers work to drive.

  43. #93
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    Quote Originally Posted by Baal View Post
    Quoted from a Forumer at MCF.

    "I remember it. Because I bidded $2 that time...thinking I had gotten it.
    From that day onwards....I know there must be invisible hand at work somewhere.
    Also with the LTA formula, the motorcyle COE quota available will be decreasing 15% each review cycle. Becaue the formula dictates that 15% of deregistered motorcyle quota will be allocate into Cat.E. only 85% will be put back into the motorcyle Cat.D pool of quotas.

    So in theory....the motorcycle numbers on the road will be cut by 15% every ten years. In a decreasing trend untill one find day Motorcycle COE will cost $20,000 each.(my prediction only)

    Not many people KPKB becaue, I assumed motorcycles owners are mostly poor and voiceless.

    Somehow I think this 15% rule is wrong and in future will cause the Cat.D to be very expensive. "
    Singaporeans forget what COE stands for...Certificate Of Entitlement...ie. it is NOT OWNership but just Entitlement to LEASE a vehicle for 10 years which YOU have to pay for to get such a privilege

    ie. You, even as a Citizen are NOT entitled to any OWNERSHIP of any motor vehicle in Singapore...it is ILLEGAL to OWN. period.

    however, if you pay enough, you are then "rewarded" to the "privilege" of being allowed to LEASE one for 10 years or 3652 days.

    in the case of CAT A or B or even sometimes C ( goods vehicles ), you have to pay around $200 or more PER DAY & excluding interests for the loan to get such a 'privilege' BEFORE even paying even MORE to lease the vehicle itself.

    in the case of Cat D motorcycles, you should be 'grateful' that we pay much less for that 'privilege'. Be Grateful for this is our 'reward' for being a first world nation. stop debating about unfairness of Cat D, you are 'lucky' it is still so 'affordable' now. Do not be ungrateful or else you might regret it if we decide otherwise.

    This is the truth of the COE system.

    Even if you wash your bike or car every day, give it the best maintainance & keep it in perfect condition, pay all your road tax & insurance, even pass every year's inspection even if it gets harder with all the new regulations they have added recently which you must abide by...

    ...making almost any modifications illegal. remember it is NOT your bike. you are NOT allowed to do as you please even when it is in your lease period.

    once the LEASE is up, you have to give it up...cause your lease has ended, regardless of your wishes or the condition of your vehicle. you can of course extend the lease by paying all over again for that 'privilege'.

    welcome to the first world. you do not have a choice. the vehicle has never belonged to you, you have NEVER owned it. you only LEASE...

    be grateful, be grateful, you are at least entitled to the illusion of ownership. in cars & motorcycles increasingly, more & more people are still willingly bid & pay such high fees to get the "privilege to lease".

    in the case of businesses that needs a goods vehicle to run their businesses. Good luck, businesses are not exempted too, we have to be fair to everyone, right?

    this is a fair system. Everyone, rich or poor, individuals or businesses even taxi must follow the rule.

    families with sick members or aged parents or handicapped are not exempt. this is equality & justice.

    Salespersons whose companies require them to 'lease' their own vehicle by just giving them a small 'compensation' so that they can keep their jobs & ricebowls are not exempt too.

    retrenched middle aged that have to turn to work as dispatch riders are also not exempt.

    NO ONE is exempt, this is only fair & equal, clear?
    Last edited by bruce71; 06-11-2013 at 11:37 PM.
    Raptor: ( quote )

    "As one gains more experience on a bike... one's perceptions and views on how a bike should be ridden will change over time.. just live and let live for now."

  44. #94
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    Quote Originally Posted by XclandestineX View Post
    For those whom didn't understand the discussions so far here's a video regarding money creation through the fractional reserve banking system explained in plain simple english.

    Take some time to watch it and process cos it is kind of challenging if one has never approached this topic or has never thought about it to ponder in their heads.

    I'm sure most would be awestruck that this is actually how money is being created by central banks to finance a government's budget n how perpetually inflationary the system is.

    To think about it draws some kind of similarity on how the COE system is made to be flawed for someone to be benefitting from it.

    ]
    you have only taken the first step to understanding the "HOW" it works. Many Singaporeans are not even willing to take such a step to understand the true nature of the system as you can tell from the lack of replies to your post.

    If you have the guts to brave it out, try to figure out the "WHY" is it this way. why does such a system even exist in the first place? why?

    the journey might upset you greatly, you need courage to accept the reality. be warned.
    Raptor: ( quote )

    "As one gains more experience on a bike... one's perceptions and views on how a bike should be ridden will change over time.. just live and let live for now."

  45. #95
    bruce71
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    Quote Originally Posted by XclandestineX View Post

    I'm sure most would be awestruck that this is actually how money is being created by central banks to finance a government's budget n how perpetually inflationary the system is.
    btw, no offence but even your above statement may not be entirely accurate.

    review the clip carefully again. Note that the mass MAJORITY of money out there is NOT even created by central banks.

    in fact central banks usually create only around 20% +/- of the entire money supply. Know how the majority of the 80% +/- is created?

    the video is pretty comprehensive. you may have been too "shell shocked" to miss it the first time. it is so obvious that the majority of the world's not just singapore's population missed it.

    once you realise the true of the 80%, you might not know to laugh or cry!

    btw, most of the central banks of the world are now using SDR ( Sovereign Drawing Rights ). Check that out & find out what that really means.

    All that is not even the worst bit yet. Worst of all is the inevitable result of the entire system. No, inflation isn't the biggest problem. inflation is only a mere inconvienence.

    there is a way bigger danger than inflation. watch it again carefully, do you know what the system MUST lead to? it is a mathematical CERTAINTY.
    Last edited by bruce71; 08-11-2013 at 08:31 PM.
    Raptor: ( quote )

    "As one gains more experience on a bike... one's perceptions and views on how a bike should be ridden will change over time.. just live and let live for now."

  46. #96
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    Same applies for flats. Owners are actually lessees...in spite of paying a few hundred k.

    As for bikes, mo is that there is some degree of protection from exploitation like what is seen in other CATs due to geo-political reasons. Thankfully. But bike coe is still not justifiable.

    Arhh.....maybe that's why car have more leeway for external mods. The ultra high COE includes more entitlements to mod, at least externally.
    1997 TZR 125 - 1998 FZ 150 - 1999 GSXR 400K - 1999 RX 100 - 2000 LC 125 - 2001 TZR 125 - 2002 CB 400 Ver S - 2006 CBR 929 - 2006 GETZ 1.4 - 2009 STEED 400 - 2016 ???

    Riders ride to work. Drivers work to drive.

  47. #97
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    Quote Originally Posted by bruce71 View Post
    btw, most of the central banks of the world are now using SDR ( Sovereign Drawing Rights ).
    Oh u mean the coming NWO?

    Well of course it is inevitable, its coming.
    Its a waiting game now for, when will the rest of the world decide to dump their dollar assets rendering the US dollar worthless pieces of paper.
    N then they will all start to use the SDRs which they've already started buying from the world bank or IMF with their gold all this while.
    Of course they will say the SDR is backed by gold and whichever country has most gold can have more SDRs but sooner or later the IMF will depeg it from gold and and THEN WE HAVE NWO hahaha! TOtalitarian slavery.

    So i wonder what happens to the holdings of our US treasury bills -> http://www.treasury.gov/resource-cen...uments/mfh.txt As of 2012 Singapore is holding almost 100billion dollars, anyone has the lastest holdings?

    I believe by end of 1st quarter 2014 the paradigm will SHIFT. So what's your take? Sooner? Later than march 2014?
    Now do u ever wonder why the tightening the credits over the last few months n unnecessary loans are kerbed like 10 year car loans etc, housing regulations are tightened which all looked like hold on to your hats cos the storm is coming.
    Well the inevitable is coming.....

    So for those who thought things will always be like yesterday well let's look at the anology of the turkey:
    From day 1 the turkey hatched from its egg, it realised that food, water n a roof is already there so he quietly eats his food and make the gobbly gobbly sounds he makes but he worries, will he have food the next day but since there is no way for him to address his worries, he just sleeps on it.

    Come morning the next day, well he is fed and watered n the next day too, n the next, it goes on and on and his neighbours on the right n left too tells him they got fed as him which after a few months the worry of will they be fed the next day or will anything change starts to diminish.

    N not only that, they were even fed more n more special delicious meals over the months. SO the turkey thinks he will live forever this way in peace n harmony, with abundance of good food, water, nice neighbours and a cozy shelter.

    Suddenly he wakes up n its Nov 28th n its Thanksgiving day.
    Last edited by XclandestineX; 15-11-2013 at 06:44 PM.

  48. #98
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    Quote Originally Posted by XclandestineX View Post
    Oh u mean the coming NWO?

    Well of course it is inevitable, its coming.
    Its a waiting game now for, when will the rest of the world decide to dump their dollar assets rendering the US dollar worthless pieces of paper.
    N then they will all start to use the SDRs which they've already started buying from the world bank or IMF with their gold all this while.
    Of course they will say the SDR is backed by gold and whichever country has most gold can have more SDRs but sooner or later the IMF will depeg it from gold and and THEN WE HAVE NWO hahaha! TOtalitarian slavery.

    So i wonder what happens to the holdings of our US treasury bills -> http://www.treasury.gov/resource-cen...uments/mfh.txt As of 2012 Singapore is holding almost 100billion dollars, anyone has the lastest holdings?
    .
    >75% of all money is created by PRIVATE banks ( the ones which we all use everyday ) in the form of Fractional Reserve LENDING, only 20% of money is created by central banks lending to governments.

    All are created as debt.

    SDR, IMF, World Bank or BIS or whatever money has NEVER EVER being backed by gold or any precious metal. all are fiat money.

    it does not even matter at all. even if they were backed by gold or silver, it will only make the situation even WORSE, something all the gold or silver supporters fail to understand.

    using rare & scare precious metals will only accelerate their tightening grip! we were be doomed even faster!

    So many people are brainwashed that they failed to realise that the ancient world was controlled by the feudal lords & masters using a rare metals that have very little "practical usefulness, quite worthless in practicality".

    they made us love gold so they can use the scarcity of gold that they hoard to control us by giving us gold in exchange for things of real value & USE!

    now they use Debt based money. different soup, same medicine.

    going back to gold / silver is an outdated concept that these fanatics have not yet understood the lessons of history!

    it is about the ideas, concepts, systems, the intangible controls, the fight for these rather than over some gold, silver or paper notes. it is not about backing or inflation. it is about the tools or "chains" of CONTROL!


    all money is created as debt. the interest for the debt created as money ensures that there will always be more debt owed than the entire money supply. that is the essence of usury.

    therefore, the system is set up from the very beginning to fail & defaultment inevitable! inflation is the side effect, DEFAULT is the aim of their game!
    get the idea?

    USA is so deep in debt that they were never be able to pay it back. USA citizens are the ones that will be enslaved to pay it all back.

    but the world is NOT yet dumping the US dollar & T bills, notes whatever despite repeated warnings from doomsayers over the past few decades. know why?

    PetroDollar status, that is why. that is why Obama did NOT pull out of Iraq & Afghanistan. that is why Obama sends US 'might' to Pakistan, Somalia, Yemen, Libya.

    that is why they are interfering in Eygpt & Syria.

    they have been interfering in Iran since 1953 & Saudi Arabia & middle east since the 60s & 70s.

    Might is Right. it is everything. Not happy?send your troops to war & fight against their military might. Saddam, Gaddafi etc any enough warnings for u?

    why are China & Russia defending Iran ? it is just a game of power & control balance against the Monopoly of USA, the henchmen of the UN.

    forget the NWO, illuminati, jewish conspiracy...it does not matter who is behind it. Eliminate them & we get another bunch of crooks.

    it is the awakening of the ideas of the people that matter. we must realise what the rules & the aims of their game for what it really is.
    Last edited by bruce71; 21-11-2013 at 11:23 PM.
    Raptor: ( quote )

    "As one gains more experience on a bike... one's perceptions and views on how a bike should be ridden will change over time.. just live and let live for now."

  49. #99
    bruce71
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    Quote Originally Posted by XclandestineX View Post

    I believe by end of 1st quarter 2014 the paradigm will SHIFT. So what's your take? Sooner? Later than march 2014?
    Now do u ever wonder why the tightening the credits over the last few months n unnecessary loans are kerbed like 10 year car loans etc, housing regulations are tightened...
    does it matter?

    look at what has happened at Cyprus & Iceland...

    think about it. which path will Singapore take?

    based on my analysis of our national pschye & culture, probably more like the route Cyprus take instead of Iceland's stance.

    does the date matter anymore? i am not a prophet or fortune teller, i dunno & i don't that it even matters. 2014 or 2024? so what? as long as we continue to busy ourselves over small unimportant issues that are used to distract us from the REAL GAME...the result is not going to change.

    but look around at the sg kiasu, kiasi , kiachenghu culture, what do you think? look at the roads, streets, HDB void decks. listen to what is the men on the street are concerned about...

    eg. children's places in prestige schools, how they are UNHAPPY that they cannot get into more debt to afford HDB & cars & got 'face' weddings...how to invest smartly to afford a comfortable retirement...how to keep wages low to keep their businesses profitable, saying singaporeans are a whining lazy lot, FTs are more hardworking & cheaper ( i hope they keep enough to support their whining lazy low wage grown up children in the future, who cannot even get minimum wage & cannot afford to move out as HDB is too expensive... )

    sinkies pawning sinkies. we are divided, unable to see the real threat...let alone stop it or resist it.

    we are so used to it ( ie. giving in first, complain later )...we are docile & 'domesticated' for too long...

    the Slavery is in our minds, in the 'Island of Slaves'...
    Last edited by bruce71; 21-11-2013 at 11:28 PM.
    Raptor: ( quote )

    "As one gains more experience on a bike... one's perceptions and views on how a bike should be ridden will change over time.. just live and let live for now."

  50. #100
    kiss29
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    Every bidding cycle...
    I see only average 50++ more bids than quota. By right we just need lesser 50 to buy bikes every two weeks, and all of us will have $1 COE.
    Also someone should go tell the LTA that reducing 15% of bike quota every review period is NOT OK!
    There will come a time bike COE will cost $10,000 or more, due to the stupid reducing formula LTA use to allocate motorcycle quota.
    Every motorcyclist are **** by the formula and made to pay for the high COE unnecessary.
    There is no reason to decrease Motorcycle quota.
    Motorcycle seldom contributed to traffic jams.
    Having COE for motorcycles is a mistake.

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