He who holds the gold, makes the rules
Named after Charles Ponzi, a Ponzi scheme is a fraudulent investment operation that pays unrealistic returns to its investors from their own money or the money paid by subsequent investors. The latter explains why Bernard Maddox could get away with it for so long (federal investigators believe the fraud began as early as the...
The Truth About HDB Flat Ownership that Nobody Wants to Remember
HDB HDB Singapore is an enigma. When I was a young boy I could not understand the logic of '99 years' whenever the adults discussed about HDB flats. According to my parents who bought their HDB flat in the 70s, the agreement with HDB was that every flat 'owner' was allowed to occupy their flat for the period of 99 years after...
May Day Protest Speech from Speaker Chan Wai Han
May Day Protest at Hong Lim Park against 6.9M Population White Paper The policy makers are not always right Outline of Chan Wai Han’s speech at May Day People’s Assembly: 1 May 2013, Hong Lim Park Two key examples show that the policy makers of Singapore do not always get it right. So too with the proposals of the 6.9 million...
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