Junior
Global GDP Bomb Explodes: Japan Q4 GDP Disappoints, German, French GDP Contract By More Than Expected, Italian GDP Fell By 0.9%, Eurozone GDP Contracts 0.6% Numbers out of Greece and Portugal Are Also Awful, Futures Slump As Global Q4 GDPs Dump!!!
February 14th, 2013
Junior
Top Economic Advisers Forecast War and Unrest : Kyle Bass, Larry Edelson, Charles Nenner, James Dines, Nouriel Roubini, Jim Rogers, Marc Faber and Jim Rickards Warn or War… The End of The Current Fiat Monetary System Is Coming!!!
February 13th, 2013
Junior
Ron Paul: Trade War & Economic Collapse Coming. Doug Kass: ‘Market Feels Like 1987 Right Before The Crash’. 900 Year Old Prophecy Says Next Pope Will Oversee End of Days. And Global GDP Bomb Just Exploded Today While Currency Wars Nearing A Full Blown Breakout. Will Next Market Crash Be The Last?
February 14th, 2013
Junior
The Fed a private family is controlling the markets, keeping interest rates at ZERO and bailing out Europe? Where did they get the money
February 14th, 2013
Junior
Nothing Is Real In Markets Any More, This Will End Badly
February 12th, 2013
Junior
Venezuelans just lost 46% of their purchasing power in a single day
February 12th, 2013
Junior
STATE OF THE UNION: 11,629 MORE GO ON FOOD STAMPS EACH DAY…BOEHNER: President lacks ‘guts’ to tackle problems
February 12th, 2013
Junior
On Eve Of Obama Speech, World Shaken!! N. Korea Carried Out Its Third Nuclear Test, China Is Prepping for Japan War, Japan’s PM Calls Urgent Security Meeting, Pyongyang Calls On Troops To Prepare For Combat!!
February 12th, 2013
Junior
A Global Currency War Is Here And Get Used To Devaluations! Panic Button Has Been Hit By Several Governments… James Turk – Last Piece Now In Place To Trigger! US Economy Set To Crash By April?!?!
February 12th, 2013
Junior
Cheap, Abundant Credit Creates A Low-Return, Bubble-Prone World
02/12/2013
Junior
The World Is Running Out Of US Dollars!! Andy Xie: A Stronger Dollar Could Trigger the Next Crisis
February 10th, 2013
Junior
Berlusconi Ally Supports Alternative Currency To Euro
February 10th, 2013
Junior
Chinese bank calls $1.6 trillion local government debt a timebomb
February 11th, 2013
Junior
The coming pension crisis: States face a $3 trillion funding gap. Only about 10 percent of Americans now covered by pensions.
February 11th, 2013
Junior
Ron Paul & Woody O’Brien & Jim Rogers: Debasing Currency Is Both Dangerous And Foolish. This Is Going To End Very Very Badly!!!
February 9th, 2013
Junior
At The Same Time That We Are Going Into So Much Debt, Our Ability To Produce Wealth Continues To Decline….Show This To Anyone That Believes That “Things Are Getting Better” In America
February 10th, 2013
Junior
A Currency War Has Broken Out And Is Intensifying: Japan Will Keep Printing Until Nikkei Hits 13,000, The Fed Is Buying $85 Billion A Month Until Unemployment Hits 6.5%, ECB Launched Unlimited Bond Buying To Cap Governments’ Borrowing Costs, Venezuela And Egypt To Devalue Their Currency… Banks: G20 Must Act To Avert Currency War!!
February 11th, 2013
Junior
Boeing New Aircraft Orders Implode From 183 To Just 2 In January
02/08/2013
Junior
LTRO Repayment Enthusiasm Evaporates
02/15/2013
Third LTRO Put-Back Post-Mortem: €5 Billion Down, €873 Billion To Go
02/08/2013
Junior
China's Surreal Economic Data: GDP Is Both CNY51.9 Trillion And CNY57.7 Trillion At The Same Time
02/08/2013
Senior
WELCOME BACK
Junior
The U.S. Economy Is Now Dangerously Detached From Reality
02/09/2013
Brandon Smith & David Stockman & Sebastien Galy: The U.S. Economy Is Now Dangerously Detached From Reality. Everything’s Manipulated!! There’s Going To Be A ‘Brutal Reallocation Of Risk’, And Then We’ll See Where All The Hidden Leverage Is…
February 8th, 2013
Junior
HA HA! Ohio Election Official: ‘I Voted Twice for Obama’
February 8th, 2013
Junior
Jim Rogers: I’m short long-term government bonds… I plan to short more
February 8th, 2013
The Fed is Beginning to Remove the Punchbowl… Are You Ready For What’s Coming?
February 8th, 2013
Junior
Battle Is About To Break: Americans Helpless in Face of ‘Financial Pearl Harbor’ While Phony Inflation Numbers Mask Recession. David Stockman: You’re Now In the ‘Bernanke Bear Trap’!!!
February 8th, 2013
Junior
Insiders are now selling heavily
February 8th, 2013
Market Collapse In Process? Billionaires Continue To Dump U.S. Stocks, Traders Are Betting Against U.S. Economy!!
February 9th, 2013
Junior
Thats why I already know long ago.. U need >50% by 2015.. & >60% by 2016.. In order to breakeven..Originally Posted by basically
Your long term rental already cost your saving$$ to reduce by almost 10% each year
Junior
http://www.guardian.co.uk/world/2013...nancial-crisis
Singapore protest: 'Unfamiliar faces are crowding our land'
The island nation's government faces unprecedented dissent towards an immigation plan to increase its population by 30%
Kate Hodal
guardian.co.uk, Friday 15 February 2013 11.19 GMT
Liane Ng is 25 and single, works 60 hours a week, and until recently, shared a bedroom with her grandmother. Like many other Singaporeans, her life revolves around work, family and the stress of making ends meet in a nation that works the longest hours in the world. But lately her life has taken on a more immediate concern: a government initiative to increase Singapore's population by a third by 2030, a move that would see citizenship granted to more foreigners and squash the native population to just over half the total.
"I love my country," says the advertising executive. "[But] the cost of living is high, the income gap is widening, transport is failing and unfamiliar faces are crowding our land. People are getting increasingly fed up because our daily lives are affected."
Singapore has long been heralded as the success story of south-east Asia, a small island nation less than half the geographical land size of Greater London that in just 50 years has transformed from colonial backwater to one of the world's most formidable economic powerhouses.
But that gain has come at increasing cost. Skyrocketing housing prices, overcrowding, long working hours, low birth rates and an ageing population – that the government terms Singapore's "silver tsunami" – are all major contributors to discontent often been focused on the country's rapid immigration.
The city-state currently has a population of 5.3 million, and is now more densely populated than Hong Kong. Under a government white paper – which was approved last week despite widespread public anger – Singapore will aim to increase its population to 6.9 million people over the next 20 years by granting permanent residency to 30,000 people and allowing an inflow of some 25,000 new citizens every year. New social programmes, including marriage and parenthood initiatives, as well as infrastructure schemes, will accommodate the burgeoning population, with immigration calibrated to retain its current ethnic ratios.
"We are producing too few babies, our society is ageing, and if we do nothing, our population will soon start shrinking," said Singapore's prime minister Lee Hsien Loong.
"Singapore must continue to develop and upgrade to remain a key node in the network of global cities, a vibrant place where jobs and opportunities are created."
It is the government's focus on Singapore's economy, rather than its people, that has stirred much of the public's discontent. Singapore is the third most expensive city in Asia.
The ruling People's Action Party (Pap), in power since independence in 1965, is seemingly on a one-track mission to maintain its own rule, despite having heavily lost a recent byelection and potentially standing to lose more, says Singapore expert Michael Barr of Australia's Flinders University.
"Pap has always presented itself as a party above vested interests … [but] that is not washing anymore," says Barr.
"Just like a multinational company's CEO has bonuses tied to the rise and fall of share prices, ministers and civil servants have bonuses tied to economic growth in Singapore. And we're talking about million-dollar bonuses here and more, so there's a lot at stake."
Dissent over the white paper has been huge. Social media, newspapers, blogs and even parliament itself have been rife with commentary, and a rare public protest – with over 3,500 already planning to attend – has been scheduled for Saturday. "There is this fear that foreigners will eventually replace and take over our country," explains protest organiser Gilbert Goh, who hopes for a referendum. "There is no known employment protection for local workers here – people can be easily replaced at the workplace … [and] workers have been known to be replaced by foreigners, as many employers are now foreigners as well."
Racial tensions already run high, not least between the ethnic Chinese, Malay and Indian Singaporeans who already make up the city-state, but also among new immigrants, says Barr.
Some of that tension is due to the country's focus on economics rather than culture. Local opposition politician Nicole Seah, who ran as the youngest female candidate in the 2011 general elections, recently said that the "Singapore Inc" brand cultivated by the government has created a "transient state where people from all over come, make their fortunes and leave".
She added: "The policies over the past decades have created an erosion of our social roots, widespread resentment, and a loss of who we are as Singaporeans. We have been taught to prioritise money-making practicality over what it means to have a solid culture."
The bubbling discontent in Singapore has recently been compounded by a string of scandals causing some outsiders to wonder if the Asian utopia so carefully crafted by the nation's so-called founder, Lee Kuan Yew, is finally crumbling. Most young professionals still live at home because they can't afford to move out, the government has had to subsidise speed-dating schemes to encourage partnerships, and abortion rates among married women now account for over half the total – as many families struggle to stay afloat.
"The government does not give allowance for people who are different from them and this is one of the reasons why we are so politically and creatively stunted," says Ng. "My perspective is, I'm different, I don't want to toe the line, and that's why we have to speak up and push through until something happens."
Junior
Bush Was a Total Disaster … Obama Is WORSE
February 15th, 2013
Junior
National Debt Passes $16.5 Trillion
February 15th, 2013
Posting Permissions
Reply With Quote