Swiss vs Singapore - the golden era is here

[phantom_opera]

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/03/Swiss%20fin%20assets%20GDP.jpg

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/03/Singapore%20fin%20assets%20GDP_0.jpg

[blackjack21trader]

i see where u r coming, i agree with u. Singapore is becoming the Swiss of the East very very soon. :)

[Iamderek]

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/03/Swiss%20fin%20assets%20GDP.jpg

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/03/Singapore%20fin%20assets%20GDP_0.jpg

Please do not be so intellectually dishonest as to rip this out of its original context at Zerohedge.

[phantom_opera]

Please do not be so intellectually dishonest as to rip this out of its original context at Zerohedge.

so u think ZeroHedge is not biased (or has hidden agenda) lol

[Iamderek]

so u think ZeroHedge is not biased (or has hidden agenda) lol

Every one or rather every entity has a bias. Instead of presenting it in its entire form for readers to decide for themselves, you decided to selectively pick the one graph that in its true context actually highlights the danger that most local investors are unaware about. Instead the message is distorted.

This is being intellectually dishonest.

[phantom_opera]

Every one or rather every entity has a bias. Instead of presenting it in its entire form for readers to decide for themselves, you decided to selectively pick the one graph that in its true context actually highlights the danger that most local investors are unaware about. Instead the message is distorted.

This is being intellectually dishonest.

PAP always presents data/stats in a way they want it (please don't say PAP always present data/stats in its entire form hoh), so do the opposition parties and TR Emeritus

are they, according to your definition, intellectually dishonest?

also answer me, is a private banker or an insurance agent or property agent intellectually dishonest as they will present in a specific way that help them to close a deal?

[august]

PAP always presents data/stats in a way they want it (please don't say PAP always present data/stats in its entire form hoh), so do the opposition parties and TR Emeritus

are they, according to your definition, intellectually dishonest?

also answer me, is a private banker or an insurance agent or property agent intellectually dishonest as they will present in a specific way that help them to close a deal?

for a fact the nation-building media has a robust track record of intellectual dishonesty.

[phantom_opera]

for a fact the nation-building media has a robust track record of intellectual dishonesty.

you say one hah, not I say one lol :p

I don't see anything wrong with it ... even LTK from WP also say PAP garmen is competent :rolleyes:

[blackjack21trader]

Every one or rather every entity has a bias. Instead of presenting it in its entire form for readers to decide for themselves, you decided to selectively pick the one graph that in its true context actually highlights the danger that most local investors are unaware about. Instead the message is distorted.

This is being intellectually dishonest.

so pray, good brother, can share with us your entire form view ? thanks. I love a good debate ;) as u are aware, I am the most illuminated and i can pass sound judgement for u guys :)

[blackjack21trader]

Every one or rather every entity has a bias. Instead of presenting it in its entire form for readers to decide for themselves, you decided to selectively pick the one graph that in its true context actually highlights the danger that most local investors are unaware about. Instead the message is distorted.

This is being intellectually dishonest.

i also assure you, my knowledge far exceed any human beings on this planet.

[blackjack21trader]

meanwhile i personally do not feel bro phantom_opera has taken the issue out of context. In fact, it is by convenience that he uses this graph from the site I believe is by his own recollection of the location of this table.

If this table can be used for dinner and also fro breakfast, why not use for lunch as well? (.....err...........now that's really deep.... )

[phantom_opera]

meanwhile i personally do not feel bro phantom_opera has taken the issue out of context. In fact, it is by convenience that he uses this graph from the site I believe is by his own recollection of the location of this table.

If this table can be used for dinner and also fro breakfast, why not use for lunch as well? (.....err...........now that's really deep.... )

thank you for your kind words from the higher realm

the 2 tables itself just presenting that many rich ppl in the world put money in SG/Swiss ... in my naive intepretation since rich ppl in the world trust us like they trust the Swiss previously ... it must be the golden era as highlighted by the Grandmaster LKY

of course, Zerohedge thinks SG/Swiss both have a risky business model .. a permabear is always a permar-bear ... a glass half full is seen as a glass half empty

:beats-me-man:

[Iamderek]

This thread is pointless. I now understand why many have left this forum.

Good day.

[blackjack21trader]

thank you for your kind words from the higher realm

the 2 tables itself just presenting that many rich ppl in the world put money in SG/Swiss ... in my naive intepretation since rich ppl in the world trust us like they trust the Swiss previously ... it must be the golden era as highlighted by the Grandmaster LKY

of course, Zerohedge thinks SG/Swiss both have a risky business model .. a permabear is always a permar-bear ... a glass half full is seen as a glass half empty

:beats-me-man:

I see. Your view is what I see from the table: that people are putting money into Singapore, although I do vaguely remember of the Zerohedge's argument.

That is why I said u are using the table for your own expression of opinion, nothing to do with dishonesty, seriously that is how I feel.

Unless you use the table and said Zerohedge share the same view as you, then wahpiangeh......that is too much liao tiobo ????

:)

[blackjack21trader]

This thread is pointless. I now understand why many have left this forum.

Good day.

wait, hang on.

Why did you say this thread is pointless? I thought you have some opinion to share with us ?

Please share, as the congregation of knowledge no matter how far fetched or diverse in nature/views is what we all seek here, good brother :)

[economist]

If anyone has watched the recent hot video about Sarawak's corruption, you would understand some sources of money in Singapore.

[blackjack21trader]

this is not a pointless thread.

I tell you why I think so.

In order to determine if I should proceed further with my property investment in Singapore, the confidence in Singapore's future is what matters.

This confidence comes from whether the GOLDEN ERA can indeed arrive here on our shore. If we can really become the Swiss of the East.

This, is what I called confidence investing.

Diverse views and debate must be shared from all brothers including some siaolang like that BIG NEH NEH. why so ? Because in the pursue of TRUE INVESTMENT knowledge, we must all cast doubts in our minds first.

:)

[blackjack21trader]

If anyone has watched the recent hot video about Sarawak's corruption, you would understand some sources of money in Singapore.

i have not seen the video, but i will google for it. thanks for sharing, good brother :)

[economist]

i have not seen the video, but i will google for it. thanks for sharing, good brother :)

After you watch that video, don't forget to search for the video on CM Taib's response to some young reporters on the same topic. It makes you think.

[Arcachon]

http://www.youtube.com/watch?v=_1RRNggnM6A

http://www.globalwitness.org/insideshadowstate/index.html

[Arcachon]

http://www.youtube.com/watch?v=nWmKk_Q457A

[Arcachon]

http://www.asiaone.com/News/AsiaOne%2BNews/Malaysia/Story/A1Story20130320-410073.html

[taggy]

MAS: 'Sting video' claim about Singapore is false
(http://www.straitstimes.com/premium/top-the-news/story/mas-sting-video-claim-about-singapore-false-20130322)Video alleging corruption by Sarawak chief minister goes viral in Malaysia
...
Calling that allegation false, the Singapore Government said Singapore has provided full information requested by Malaysia for tax purposes and the two countries have had a good working relationship on tax matters.
"The allegation is simply false," it said. "Contrary to what was claimed in the video, Singapore has to date provided fully the information requested by Malaysia for tax purposes."
...


news come out in strait times liao...
i just like to know will this affect sg prop prices or not :D

[phantom_opera]

Even Swiss demands reserve gold to be stored in Switzerland soon

The initiative asserts that the Swiss people should have a right to vote on 3 things, none of which will please the banking cartel:

1. To keep Swiss gold physically in Switzerland (ie repatriate Switzerland’s gold)
2. Preventing/forbidding the SNB from selling any more of its gold reserves
3. Requiring the SNB to massively increase their gold holdings to a minimum of 20% of its reserves within 5 years, held within Switzerland.

When all central banks race to print money, all faith are lost :doh:

[eng81157]

MAS: 'Sting video' claim about Singapore is false (http://www.straitstimes.com/premium/top-the-news/story/mas-sting-video-claim-about-singapore-false-20130322)
(http://www.straitstimes.com/premium/top-the-news/story/mas-sting-video-claim-about-singapore-false-20130322)Video alleging corruption by Sarawak chief minister goes viral in Malaysia
...
Calling that allegation false, the Singapore Government said Singapore has provided full information requested by Malaysia for tax purposes and the two countries have had a good working relationship on tax matters.
"The allegation is simply false," it said. "Contrary to what was claimed in the video, Singapore has to date provided fully the information requested by Malaysia for tax purposes."
...


news come out in strait times liao...
i just like to know will this affect sg prop prices or not :D

this is not new.....look at marco's money, look at suharto's money. still parked safely in some bank here, in spite of their respective government's attempts to retrieve them

[phantom_opera]

this is not new.....look at marco's money, look at suharto's money. still parked safely in some bank here, in spite of their respective government's attempts to retrieve them

Malacca Trust origin could be Indons ... :D

[eng81157]

the news report may draw even more rich (of the corrupt kind) to park their monies within our shores.

we are going to be the next cayman islands liao :eek: :eek:

[hopeful]

Malacca Trust origin could be Indons ... :D

if continue reading the comments in zerohedge article,
their financial report in Rupiah, 1000 billion, which somehow is more sensational if typed wrongly as 1000 billion USD.

http://www.zerohedge.com/news/2013-03-20/pop-quiz-answer-presenting-countries-x-and-y

[eng81157]

if continue reading the comments in zerohedge article,
their financial report in Rupiah, 1000 billion, which somehow is more sensational if typed wrongly as 1000 billion USD.

http://www.zerohedge.com/news/2013-03-20/pop-quiz-answer-presenting-countries-x-and-y

if it is a trillion USD :eek: :eek: :eek: , they must be the illuminati then

just tcss

[phantom_opera]

By assets, Singapore top 3 banks don't even qualify for the top 50, so there is still "a lot of room" to grow lah

By quality, yes

http://www.businessinsider.com/bloomberg-the-worlds-20-strongest-banks-2012-5?op=1

[phantom_opera]

OCBC total assets (SGD million)

Total Assets

2012 295,943
2011 277,758
2010 229,283
2009 194,300
2008 181,385
2007 174,607
2006 151,220
2005 134,710
2004 121,935
2003 84,497

expanded by more than 3x since 2003 ... not bad

compared to DBS

Total assets
2012 353,033
2003 159,479

only 2x

[eng81157]

OCBC total assets (SGD million)

Total Assets

2012 295,943
2011 277,758
2010 229,283
2009 194,300
2008 181,385
2007 174,607
2006 151,220
2005 134,710
2004 121,935
2003 84,497

expanded by more than 3x since 2003 ... not bad

compared to DBS

Total assets
2012 353,033
2003 159,479

only 2x

ocbc had a big acquisition leh just a couple of years ago

[phantom_opera]

ocbc had a big acquisition leh just a couple of years ago

yes, from ING private bank .. renamed to BOS

if you add up 3 local banks, the assets under management is about 3x Singapore GDP ...

[TKT]

Wow! ... Malacca Trust?

Are they the wealthy peranakans from Melaka???
All the Tans, Lees, etc...


:scared-1: