IMF warns us


starboard

New Member
Mar 8, 2011
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#3
Don't believe the IMF. They are there to serve western interest. During the previous financial crisis, it is so obvious that they pushed and forced Thailand and Indonesia (among others) to accept loans from western countries. The people of those countries suffered tremendously paying interest to western countries. Heard of loan shark? This is what they are.
Unfortunately for them, Malaysia peg its currency and effectively ended the crises.

I have not read the IMF report yet but I suspect they have an agenda for the report. Export their unemployed to this part of the world?.
 

kei1309

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Apr 12, 2010
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#4
IMF and the World Bank are both based in the US. What do you think. Even if the heads are of different nationalities, their objectives are usually to serve western interests
 

ArchRival

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Sep 17, 2006
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#5
Don't believe the IMF. They are there to serve western interest. During the previous financial crisis, it is so obvious that they pushed and forced Thailand and Indonesia (among others) to accept loans from western countries. The people of those countries suffered tremendously paying interest to western countries. Heard of loan shark? This is what they are.
Unfortunately for them, Malaysia peg its currency and effectively ended the crises.

I have not read the IMF report yet but I suspect they have an agenda for the report. Export their unemployed to this part of the world?.
Unfortunately this time what IMF says is the ugly truth. :bsmilie::bsmilie:
 

Octarine

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Jan 3, 2008
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Pasir Ris
#7
The report says 'could' but not 'will' - so there are still couple of factors and a few knobs and screws to turn to get a different outcome.
Overall, Singapore has no choice but to evolve beyond the cheap labour formula.
 

ArchRival

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Sep 17, 2006
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#8
IMF and the World Bank are both based in the US. What do you think. Even if the heads are of different nationalities, their objectives are usually to serve western interests
Are you implying something about a certain Th**m*n?? :bsmilie:
 

Jedi

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Jul 17, 2002
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#9
Depending on which side of the camp are you from.

If you are an employee, you will prefer lesser foreigner workers. On the other hand, if you are a business owner / boss of a company, you will be cursing and swearing because of the tight labor market.

Most of the active CS members are employees. I would like to hear from someone in CS who is a employer / business owner / boss of any company to comment on the tight labor market situation. In this manner, we will have both sides of the story.

So any employer / boss would like to start first?
 

Big Kahuna

Senior Member
Dec 15, 2004
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#10
The threat is genuine and we already felt it....be it internally where staffs have to work beyond 100% and decreased in service std from vendor......this is even with rising cost.....if this goes on....the country will loose its competitveness....eventually business and investor will be driven to cheaper place :cry:
 

Octarine

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Jan 3, 2008
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#12
Predictable knee-jerk response. Sounds like a broken record, the never-ending cry and whining ...
 

keiser

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Dec 13, 2011
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#13
wow! imf care for sg and well being so much and try to give some good advice … hmmm :think: … kekekek :bsmilie:
 

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Jedi

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Jul 17, 2002
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#14
Thanks ArchRival for posting those bosses.

Anyone from CS who is a boss who like to comment?
 

Jedi

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#15
The threat is genuine and we already felt it....be it internally where staffs have to work beyond 100% and decreased in service std from vendor......this is even with rising cost.....if this goes on....the country will loose its competitveness....eventually business and investor will be driven to cheaper place :cry:
The government has already mentioned that we shall repent for the next 5 years after the 2011 GE. Initially, many of us thought that they were talking nonsense. But after the next few years, we are slowly begun to feel the remorseful.
 

#16
Yes, Yes. Curb more FWs.

FTs with the likes Yang Yin who had graduated from the "University of Financial and Trade Beijing China" can continue to stay and prosper.
 

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Jedi

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Jul 17, 2002
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#17
Yes, Yes. Curb more FWs.

FTs with the likes Yang Yin who had graduated from the "University of Financial and Trade Beijing China" can continue to stay and prosper.
Yes, curb more FWs, and you shall repent even harder.
 

Shizuma

Senior Member
Mar 19, 2012
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#18
FW is okay, FT not so good.
the cost of FT is almost the same as citizen, but their culture is very different and we have culture clash
 

kei1309

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Apr 12, 2010
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#19
FW is okay, FT not so good.
the cost of FT is almost the same as citizen, but their culture is very different and we have culture clash
and here i was thinking, weren't most people calling for a reduction in the number of low-skilled foreign workers (FW) because they didn't help with our GDP and were a bad example with their lower-class attitudes?

and now, people are saying that the highly skilled PMET Foreign Talents are the issue.

make up your minds please, people of Singapore.
 

ArchRival

New Member
Sep 17, 2006
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#20
Thanks ArchRival for posting those bosses.
You see some of these bosses braying for more FTs to boost property prices?
They know full well sg is now caught between a rock and a hard place.

Lets face it, the property market surge was fueled by FTs. Core demand was from 3 types of people.
1. Rich FTs buying up properties here, hence jacking up the price.
2. New citizens demanding housing.
3. Existing citizens demanding a >=2nd property to rent to FTs for passive income.

Most other things on top of that is speculation.

But otoh, Sg economy is now damaged by a decade of cheap FTs. Govt is trying to reverse the damage by curbing cheap FTs.

So what to do now? Save the property market by allowing in more FTs? Then you will be gutting the rest of the economy. :bsmilie:
And these bosses want that. They don't care if Sg is broken, so long as their property profits keep rolling in. :bsmilie:

And then what about the financial sector? At one time there were reports of a serious danger of credit meltdown, because too many people owe banks from the low interest rates. These bosses don't care if they drag the financial sector down either. :bsmilie:

Damn funny lah, these people. :bsmilie:
 

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