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If you are here for money, when will you stop?

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bro75
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Re: If you are here for money, when will you stop?

Post by bro75 » Tue, 19 Jan 2021 5:03 pm

the observer wrote:
Tue, 19 Jan 2021 4:32 pm
bro75 wrote:
Tue, 19 Jan 2021 3:04 pm
I had a few friends who went to Canada. Some went there due to job transfer or went there with jobs already confirmed. This is ideal because you would not start from the beginning while gaining "Canadian experience". From that status, it is easy to become a PR and a citizen. Some went there as immigrants. I heard they had a hard time in the beginning as they were in jobs way below their qualifications. Eventually, they were able to land jobs close to their qualifications. Canada would not be for me also as I feel I do not want to uproot my family and start at the beginning again.

But I thought you made a mention that you were stuck in a conundrum, with your daughter not being a PR.
Yes, we feel stuck but currently my wife and I are gainfully employed and our incomes improved greatly over the past few years. Our daughter is also now in local school having passed AEIS exams. The lack of PR for her is still a cause of worry for the future but we are currently doing well here financially.

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Re: If you are here for money, when will you stop?

Post by the observer » Tue, 19 Jan 2021 5:06 pm

bro75 wrote:
Tue, 19 Jan 2021 5:03 pm
the observer wrote:
Tue, 19 Jan 2021 4:32 pm
bro75 wrote:
Tue, 19 Jan 2021 3:04 pm
I had a few friends who went to Canada. Some went there due to job transfer or went there with jobs already confirmed. This is ideal because you would not start from the beginning while gaining "Canadian experience". From that status, it is easy to become a PR and a citizen. Some went there as immigrants. I heard they had a hard time in the beginning as they were in jobs way below their qualifications. Eventually, they were able to land jobs close to their qualifications. Canada would not be for me also as I feel I do not want to uproot my family and start at the beginning again.

But I thought you made a mention that you were stuck in a conundrum, with your daughter not being a PR.
Yes, we feel stuck but currently my wife and I are gainfully employed and our incomes improved greatly over the past few years. Our daughter is also now in local school having passed AEIS exams. The lack of PR for her is still a cause of worry for the future but we are currently doing well here financially.
Ah right. Net positivity to your story then.

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Re: If you are here for money, when will you stop?

Post by the observer » Tue, 19 Jan 2021 6:15 pm

PNGMK wrote:
Tue, 19 Jan 2021 4:44 pm
I've seen a few friends (Chinese) struggle to get on their feet in Canada, I've seen others (Singaporeans and Europeans) do really well there. It's highly dependent on your qualifications having relevance. A chinese degree is only good for ass wiping there I'm afraid.
At the present, I would think there’s little impetus for mongoloids (PRCs, HKs, Taiwanese and the likes) to venture to Canada. There’s the oriental bashing ongoing, due to Covid.

Secondly, ICA has remained fairly welcoming.

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Re: If you are here for money, when will you stop?

Post by Wd40 » Tue, 19 Jan 2021 7:40 pm

I would personally prefer UK to Canada. UK weather is better. It is a much bigger economy. Lots of jobs especially in Finance. Much closer to Asia. Lots of history and culture. Personally I would love to explore Europe for a few years.

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Re: If you are here for money, when will you stop?

Post by Wd40 » Tue, 19 Jan 2021 8:49 pm

Max Headroom wrote:Meanwhile, a disclaimer applies to this entire thread, given the upcoming Great Reset.

:-)
Curious, what kind of reset are you expecting. I am assuming you mean sky rocketing inflation. But what kind of inflation is it going to be. A supply side or a demand side. So far we have had only asset inflation but no cpi inflation or wage growth.

If wages shoot up and prices of daily essentials also shoot up, then the value of money goes down. This is bad for people like us who have accumulated money and kept it in safe fixed income. basically devaluation of existing stock of money. So people who are earning new money get paid way higher as cost of goods are also way higher.

So other than the scenario above, I think we are safe. Even in the above scenario, if you invest in assets you can mitigate a lot of the inflation effects.

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Max Headroom
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Re: If you are here for money, when will you stop?

Post by Max Headroom » Wed, 20 Jan 2021 11:13 am

I was referring to the World Economic Forum meeting later this year, during which they'll propose rebuilding the global economy sustainably, from the ground up.

It can really mean only one thing, i.e. a complete shake-up of the status quo and an end to fiat. Possibly a massive debt jubilee, or perhaps a return to the gold standard. Or maybe the Bancor or SDR.

Whatever the reset is going to entail, pretty much all rules will be out of the window once the dust has settled.

Unless of course the WEF pulls a NATO and we just stick to the debt-based disaster that is today's financial landscape. While stocks last.

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PNGMK
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Re: If you are here for money, when will you stop?

Post by PNGMK » Wed, 20 Jan 2021 11:22 am

Max Headroom wrote:
Wed, 20 Jan 2021 11:13 am
I was referring to the World Economic Forum meeting later this year, during which they'll propose rebuilding the global economy sustainably, from the ground up.

It can really mean only one thing, i.e. a complete shake-up of the status quo and an end to fiat. Possibly a massive debt jubilee, or perhaps a return to the gold standard. Or maybe the Bancor or SDR.

Whatever the reset is going to entail, pretty much all rules will be out of the window once the dust has settled.

Unless of course the WEF pulls a NATO and we just stick to the debt-based disaster that is today's financial landscape. While stocks last.
I don't think the WEF will have the buy in required to do that. They're not the world govt. They'll struggle against the entrenched interests and the USD dominance. They'll come up with proposals but we are not at the point of:

1. Debt Jubilee - really? Wiping out valid debts?
2. Gold standard - Old school - doesn't work as it always limits economic growth.
3. Bancor / SDR - no idea.
4. A digital tokenized currency backed by govts as a replacement for FIAT might come out of this.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

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Max Headroom
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Re: If you are here for money, when will you stop?

Post by Max Headroom » Wed, 20 Jan 2021 12:03 pm

PNGMK wrote:
Wed, 20 Jan 2021 11:22 am
Max Headroom wrote:
Wed, 20 Jan 2021 11:13 am
I was referring to the World Economic Forum meeting later this year, during which they'll propose rebuilding the global economy sustainably, from the ground up.

It can really mean only one thing, i.e. a complete shake-up of the status quo and an end to fiat. Possibly a massive debt jubilee, or perhaps a return to the gold standard. Or maybe the Bancor or SDR.

Whatever the reset is going to entail, pretty much all rules will be out of the window once the dust has settled.

Unless of course the WEF pulls a NATO and we just stick to the debt-based disaster that is today's financial landscape. While stocks last.
I don't think the WEF will have the buy in required to do that. They're not the world govt. They'll struggle against the entrenched interests and the USD dominance. They'll come up with proposals but we are not at the point of:

1. Debt Jubilee - really? Wiping out valid debts?
2. Gold standard - Old school - doesn't work as it always limits economic growth.
3. Bancor / SDR - no idea.
Indeed, PNGMK. But given the current madness, I'm keeping all my options open.

Item 4 isn't really a replacement for fiat; it's just fiat in crypto form. It's still not backed by anything, certainly isn't capped and therefore just as susceptible to more printing, although by then they'll probably call it "minting".

Either way, with CBDC we're as good as neck-deep in MMT, which is a pretty hefty reset if you ask me.

:-)

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malcontent
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Re: If you are here for money, when will you stop?

Post by malcontent » Wed, 20 Jan 2021 6:14 pm

Wd40 wrote:
Tue, 19 Jan 2021 8:49 pm
Curious, what kind of reset are you expecting.
I saw that in a movie once... title was The First Purge.

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PNGMK
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Re: If you are here for money, when will you stop?

Post by PNGMK » Thu, 21 Jan 2021 7:41 am

To add to WD40's topic I'd say a bit factor in when you leave is around your marriage or partnership. I've seen people leave early for that (one of our better members Hanniroo for one). A broken or struggling marriage here is no fun.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

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nakatago
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Re: If you are here for money, when will you stop?

Post by nakatago » Fri, 22 Jan 2021 9:31 am

Hi, from eight years ago.

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PNGMK
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Re: If you are here for money, when will you stop?

Post by PNGMK » Fri, 22 Jan 2021 2:44 pm

nakatago wrote:
Fri, 22 Jan 2021 9:31 am
Hi, from eight years ago.
?
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

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