May I know how you come out with this number that is highlighted in blue. Please show me as you seems to know alot from your dreams....tkuanhoo wrote:Japan has a high level of debt but it has a lot of money in the bank at the same time, second highest amount of foreign reserves. And most of its debt are owned by citizens, that makes it safe.earthfriendly wrote:http://en.wikipedia.org/wiki/List_of_co ... ublic_debt
http://www.google.com/hostednews/afp/ar ... gvH_Idf_XQ
Japan has the highest debt to GDP of any industrialized countries and I read that it runs the risk of going bankrupt. Both SG and Japan have higher debt level than Greece and why is Greece more risky than them? Trying to understand the economics here.
This public debt measurement is very misleading. Singapore has a high debt because of the CPF government owes to the citizen (35% of everyone's total salary for life). Singapore's debt is 113% of GDP (including all the cpf money that needs to be paid to citizens), that means it is around 150 billion.
Singapore has around 260 billion in CASH right now. Not including Temasek and all the non cash assets which total TRILLIONS of dollars.
If Singapore draws out all its reserves today, everyone in Singapore can stop working for 3 decades while receiving still 5k sgd a month. That is how much money singapore has.
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Another European county, Greece, goes bankrupt!
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The positive thinker sees the invisible, feels the intangible, and achieves the impossible.Yahoo !!!
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X, I know, just piss off with this troll that is all. OK, I back offx9200 wrote:MS, is Monday the 3rd, the weekend is over and you're still talking to this troll?Mad Scientist wrote:May I know how you come out with this number that is highlighted in blue. Please show me as you seems to know alot from your dreams....
Thanks for reminding me

The positive thinker sees the invisible, feels the intangible, and achieves the impossible.Yahoo !!!
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Actually. the thread has become interesting. If you look up Singapore on CIA world fact book, the numbers are correct. Singapore comes in at number 6, with public debt equal to 117% of GDP.Mad Scientist wrote:X, I know, just piss off with this troll that is all. OK, I back offx9200 wrote:MS, is Monday the 3rd, the weekend is over and you're still talking to this troll?Mad Scientist wrote:May I know how you come out with this number that is highlighted in blue. Please show me as you seems to know alot from your dreams....
Thanks for reminding me
What I don't understand is where and what this debt is... might not be all bad.
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Could it be the CPF it is holding that actually belongs to the citizens? It is a debt as it is owed to each and every citizen and PR within and without the country. And the government pays interest at the rate of either 2.61 or 4% on that debt.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
I believe a lot of this debt is bond related. The gahmen has been trying to create a SG bond market but then again I could be wrong.Strong Eagle wrote: Actually. the thread has become interesting. If you look up Singapore on CIA world fact book, the numbers are correct. Singapore comes in at number 6, with public debt equal to 117% of GDP.
What I don't understand is where and what this debt is... might not be all bad.
CPF is a strange debt but likely that's the case. On the other hand if a commercial bank is owned by the State does it also count to the debt?sundaymorningstaple wrote:Could it be the CPF it is holding that actually belongs to the citizens? It is a debt as it is owed to each and every citizen and PR within and without the country. And the government pays interest at the rate of either 2.61 or 4% on that debt.
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Is a commercial bank considered commercial if it's owned by the government?
But yeah, I would think so, however, you would have to use the net and if the bank is commercial, e.g., profit oriented, then it wouldn't be a debt would it? At least as long as it's P&L is profitable that is.
But yeah, I would think so, however, you would have to use the net and if the bank is commercial, e.g., profit oriented, then it wouldn't be a debt would it? At least as long as it's P&L is profitable that is.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
I think CIA uses the outstanding Sing dollar Bonds as the debt number. Over the last 10 years, there was a need to development a deeper bond market even though the govt does not need to borrow. So they came up with benchmark issues every 2 weeks to draw a yield curve. It not meaningful as the system is flush with cash, therefore yields are close to zero. Which means they dont want you to buy their bonds, but its offered just for the record.
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You lost me here. How did you come up with this ? I am not trying to ridicule you but just cannot understand the meaning of your postingsubbuteo wrote:I think CIA uses the outstanding Sing dollar Bonds as the debt number. Over the last 10 years, there was a need to development a deeper bond market even though the govt does not need to borrow. So they came up with benchmark issues every 2 weeks to draw a yield curve. It not meaningful as the system is flush with cash, therefore yields are close to zero. Which means they dont want you to buy their bonds, but its offered just for the record.

The positive thinker sees the invisible, feels the intangible, and achieves the impossible.Yahoo !!!
Step back, everyone . . . and let a true professional explain. As you may, or may not know, I have a post-grad in economics (true).
So, if you follow the diagram you will see how the conclusion is arrived at:

But yes, let Greece fail, the Euro will not suffer that badly.
PortugalItalyGreeceSpain
So, if you follow the diagram you will see how the conclusion is arrived at:

But yes, let Greece fail, the Euro will not suffer that badly.
PortugalItalyGreeceSpain
......................................................
'nuff said
'nuff said

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