Friday, October 24, 2008

Your economy no enough. Lucky i is in Australia.

"We are now facing a potential worst economic melt down, since 1997. The finance minister had said that it might take a couple of years before this recession can see any sunshine beyond the greying clouds. The same would be like you - preparing to go for a picnic at East Coast Park and the sky gives you the finger: "Not today pal."
Yes. The economy outlook is that bad. Some MPs want to help you with systems in place but have no clue what systems they are. "What systems did you say sir?"
http://www.channelnewsasia.com/stories/singaporelocalnews/view/380695/1/.html

Okie, I'm not an economist or an analyst. But I do keep track of what "Front Men" in charge of certain big corporations say. Like GIC. And when Dr. Tony Tan, Chairman of GIC (former Deputy Prime Minister) comes out to tell Singaporeans it's okay we are still hanging on, everything is fine, no panic needed; it's usually a sign that says YOU"D BETTER PREPARE YOURSELF.

How bad?
-Banks are going to stop lending $$. And even if they do, just look at the interest rates they are offering. Banks said they were going for 3Rs. Reduce employment, Re-use copy paper and Retrenchment exercise. Good workout guys.
-More job cuts.
-More news on job cuts.
-More girls find bankers less appealing. Lawyers rejoice.
-More girls going to feel that gentlemanliness fluctuates with the economy.
-MOS closed down. The party people should write to the Ministry of Sound and demand an explaination from the Minister in charge.
-Rich people complaining about foreign workers dormitory.

How stinking bad?
-Your utility bills just went up 21% ..thats like another quater more of your bill. Singapore Power is government owned and being privatised. Ideal way to confused customers/citizens. For public or Profits?
-Your transport cost went up by a few cents. SMRT belongs to Temesek Holdings, which is headed by Ms Ho Ching, who is wife of PM Lee. Are customers/citizens confused already? Public or Profits?
-Your hospital ward charges went up. Your Medi-Save contribution, you can't claim unless each time your bill is S$ 30.00 or more. Public or Profits?
-Your Singtel local fixed line also going up. S$10 bucks more. Government owed Company. Publlic or Profits?
-GIC made a return of 18% on investments. And your stinking CPF interest rate is a fantastic 2.5%. Where the fk is the rest of the money?!

What can I say? ...Seeeeeee Bye!"

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