Beware: CPF Ponzi scheme may blow up soon
The explosive growth of CPF balances is a clear warning sign that something is terribly amiss with our CPF scheme. Fact: GIC’s spectacular ‘growth’ is unrelated to its investment activities but mainly due to additional annual contributions from CPF members. According to the MAS, CPF contributions (net of withdrawals)...
China got point that Temask model ‘undesirable’?
FT reports that China has tot about and now rejects the S’pore model for state-owned enterprise reform. FT says, China “turns away from Temasek-style effort to insulate state companies from politics.” Seems the State Assets Supervision and Administration Commission thinks that promoting the Temasek model would reinforce...
PAP continues to screw up as it tries to fix the CPF Ponzi scheme
PAP government has been screwing up big time because it is a fixer of things. By devoting an inordinate amount of time to fixing opposition members and dissenting voices, all our infrastructures have started to crumble. (MRT system is really in …. deep shit.) But the ‘fixing’ is not limited to the above: PAP has also...
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