Again, I declare I am no financial guru nor economist, I always write on sentiments and what a lay man would see. For the last two decades, we have a stagnant economy of averaging 1% or flat growth and negative productivity. If SG model is working, since the launch of two casinos, why have SG been sinking till now? From 4 million to almost 6 million population in very short duration, we have not even improved but actually declined if you take into consideration of how many third world foreigners they have imported.
By introducing and importing third world foreigners in low and high skilled labour, wages have also been stagnant for last two decades. We probably call it the “Maximum Profit Minimum Cost” model. An 1.6 litre car would set consumer back by $110,000, 5 times more than what you will pay 30km away. Public housing crossed million and new BTOs are pegged and inching towards the million dollar mark. The packet of HL milk is 2 times more than in JB. Even basic food stuff like milk powder for babies are getting ridiculous astronomically expensive that vouchers are now distributed to help consumers secure food for their babies. In a country where they claim to want to boost fertility rate, they actually push the prices of baby food sky, what hypocrisy?! Do you agree?
I have been a busy model, everywhere I go, I buy things and I ask questions, the same questions, “How’s the business?” and “How’s the market?” Maybe if you think I am lying, you can ask them yourself to verify what I said are lies or truth or even fake news. On average, they tell me the market is either very quiet or bad. If I have to take away all these government given projects of building sheltered walk ways and repaving the walkabouts, the market is sheepishly silent. Would you agree with me? In the span of three months, I saw three shops exiting in my neighbourhood. One at the swimming pool said the rental is going to be raised again, the business is poor and no way to run a business on such condition. In this poor economy where you need to help revitalise business, the govt still wants to increase rental? How ruthless have they become? Many businesses said the govt rather let the shops be empty than to drop rental. Today, despite have another two million more people, Orchard is dying albeit a slow death and a clown minister suggested that the roads be pedestrianised. You tell me, what is the real problem at Orchard road? Even idiots have no issue telling us the real reasons of why fewer and fewer people are going there.
The SG model model of paying the management millions and scrimping and paying the peasants peanuts. How much are our ministers paid? Let us talk one class failure, the FAS. The management at FAS were mainly politicians in the past, they were paid millions not not kicking a ball and irony that local soccer got very miserable funding. Today, our team is ranked amongst third world countries, we could not even beat Laos or Philippines anymore. And remember, Ah Goh promised Goal 2010?
In Singapore context, everything is priced astronomically, from healthcare to transport to electricity and water, after marking up astronomically, they give you the paperless rebates, after nett nett still make massive profits. For Medishield, the premiums are very high and the collection outweighs the payout which means they are making massive profit. Massive profits aren’t enough, every year, the prices have to be adjusted to make even more. This explains why despite so many empty shops in the mall, rental is still going up. In the open resale market, prices are not coming down because “evaluation” has successfully kept prices high since BTO prices are pegged to retail. Very ingenious way of manipulating the market and consumers’ perception.
After two decades of stagnating economy and businesses are exiting the malls or Singapore, the same old excuse of “Global Uncertainities” will be used to brainwash the sheeps just like those sheep at CHC. If you guys cannot open your eyes and see, you should open your mouth and ask.
After stepping the toes of US and China, we are now isolated, money is being poured into region but not into this island. The rest are progressing well economically and moving ahead and here in SG, we are weathering the storm. Don’t be conned by what you read on MSM, go out and ask the businesses and shops and make your own observations. Don’t behave like those sheep at CHC with dying faith, seek and you shall find the truth of how lousy is our model of perpetual greed that is slowly killing this country.