The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenbook. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag and a cautious outlook regarding a potential recession..
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this consultant that guides you help?
My Financial Consultant is Melissa Terri Swayne. I found her on a Kiyosaki interview where she was featured and reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can run a quick online search with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so
@@aplacecalltambun That's true with a few corruption going on and bribery case from minister+transport and CEO. Also, debt like USA debt LOL and huge amount money+taxes minister earning
I'm old enough to remember when Singapore and the Philippines were basically the same. Amazing what Management and mismanagement have taken both countries now. It's sad that the Philippine government decided to wallow in corruption and self-serving individuals.
You can tell most Filipinos are ignorant because they keep blaming people instead of their laws. The Philippines wasn't overtaken because of "corruption and self-serving individuals," but because of protectionist policies and the ideology of economic nationalism still enshrined in its Constitution. That's the big difference. Singapore was open to trade and foreign capital while the Philippines is still one of the most restrictive to foreign direct investment. To be sure, corrupt and self-serving politicians get fat on virtual monopolies at home when foreign competition is limited. Filipinos don't know the real reason that the Philippines is corrupt, for example, is the 1955 Bank Secrey Law, etc.
The recent Alice Guo case got me hooked to Philippines news. The senators are doing a great job conducting inquiries and hearings on criminal cases. In Singapore such cases are handled by police, CPIB, CID or relevant investigating agencies. The Philippines has great sounding agencies like Presidential Commission or "Presidential" this and that, NBI (sounding like FBI) so the country should do better than Singapore, the former being so modelled after the USA. In Singapore the Ministers don't do the actual investigation unlike the Senators in the Philippines. They let the police do the dirty work. Seems like your Senators want to investigate themselves while police (and Ministers) are wait-till-told, waiting for the Senators to tell them what to do next.
@tradingfriends-js4ss Joblessness, homelessness, crushing poverty are the reality of the everyday Filipino. The bureaucracy does have fanciful names. The ones with actual money and power are part of dynastic nepotism that guarantee that the Philippines will never rise above its current level.
1Filipinos are more interested in electing popular politicians who are incompetent politically and economically. The last one to do well, was Duterte, but those DEI fools hated his guts.
This will work as long as there are enough working age citizens in Singapore to contribute to their Central Provident Fund (CPF), (mandatory national pension fund). But Singapore's birth rate is one of the lowest in the world! Below replacement rate. So newly minted citizens from other parts of the world are brought in and created. Hope this works. By the way Singapore's Temasek Holdings (sovereign wealth fund) has invested into Blackrock.
Thank you for the video, a very balanced view of Singapore. Another reason for other countries not being able to replicate Singapore's strategy is the tendency for corruption to take root in the high echelons of power and corruption is something Singapore avoided due to the legacy brought down from the founders.
The same principle as it doesn't matter how much you borrowed from the bank as long as your income from the loan is more than the interest charged by the bank on your loan
Singapore is able to offset its debts because they have too many local Singaporean savers putting money in banks, bonds, and government reserves e.g CPF, HDB while attracting foreign millionaires/billionaires that put their clean or dirty money in Singapore to evade taxes back in their home country.
❤❤❤There is not much of a problem if the country borrows only in its own currency like what Singapore, Malaysia, the USA or Japan are doing. If you borrow only or mainly in your own currency which you can legally print or create out of thin air, it's just like your left hand owing money to your right hand provided it's done surreptitiously and used mainly for developments or investments and best done when all other countries are doing their quantitative easing. This way foreigners will not devalue your currency. The USA is the only country which can practically print as much money as it likes since its currency is the world's reserve currency and it cannot be devalued as all other major currencies like the British Pound, the Japanese Yen and Euro are also grossly overvalued due to excessive borrowing.
This explanation of debt is applied as if a country was a household... a country is not a household and debt that a country carries is money available within its economy.
the map over countries that would be able to use the same system was horrible. argentina and mongolia was yellow, egypt was red - which color were you supposed to have?
Our macroeconomics is unbalanced. We are the proverbial frogs in a slowly heating bath of water. Just go through what I have to present below. Broad money in the economy as a share of monetarily measured nominal annual GDP was about 0.5 times in 1960. It has seen a secular and steady increase over the years. It is more than 1.42 times the monetarily measured nominal annual GDP today. Let me translate it for non-economists. My blood pressure was 115/70 when I was born in 1960. My blood pressure has steadily increased over the years and now it reads 325/200. What would that mean? Anyone interested in economics can answer this question. Kindly do not come back with a "the economy has grown" answer, that would be stupid, and I am being nice here! Just like a higher BP would have altered my body's structure and makeup and turned it into a powder keg, waiting to blow -up. Why have I yet to receive an answer to this question? What are the central banks doing? What is the economic academia doing? Unfortunately, our mainstream macroeconomics is as much of a Voodoo as Modern Monetary Theory.
My preferred role model for a well managed country is the Micro-State Liechtenstein. A constitutional monarchy which uses it's wealth for maintaining and growing it's wealth, no need for debts.
The need for armed forces is in Liechtenstein as small as in Singapore; close to zero. Small and micro states are safeguarding peace rather with diplomacy and alliances than with military intervention.
@@aaregiel Military expenses are somewhat off topic here, but for countries like Singapore or Switzerland it's quite remarkable to be poorer than Mali in Africa, who is apparently the first debt free country in Africa. Well done Mali!
What is the most effective strategy for entering crypto trading if you have around $5,000 to invest, or even if your investment amount is slightly more or less?
Your economic analysis on government debt is misleading. Governments, with the ability to print their own currency, create their own budgets, and set their own tax rates, cannot be analyzed like households. However, what makes Singapore’s Debt unique is rightly stated in the video. Their debt is used strictly for Investment and not Consumption. Who holds Government Bonds? (2024 US Example) Public Deficits ($36T) = Private Surplus ($36T) US Private Entities: 37% US Agencies & Trusts: 22% US Federal Reserve: 19% Foreign Entities: 23% Source: US Treasury
sounds great for everyone that isn't getting taken advantage of by the increased demand in productivity that comes from the system wanting to maximize profits. Would be a shame if the whole system came toppling down and suddenly a lot of money becomes monopoly money.
While the debts are productive, why should you worry? US is borrowing to spend more and for previous debt interest, with its budget untenable, year after year, after the Clinton's years.
I think more in depth research is needed, some data is wrong. Overall the message is ok, but please don’t be a band wagoner , please be more neutral and don’t parrot propaganda
No wonder our local breed whole-life hard-earned stressed n sweat c p f money are not able to recoup back from bad investments especially those with china suzhou industrial park n tianjian ecopark believe there are more than those twos investments that are stucked or being " cheated " or swindle away in the name of no profit or being cheated with paper work.
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenbook. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag and a cautious outlook regarding a potential recession..
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this consultant that guides you help?
My Financial Consultant is Melissa Terri Swayne. I found her on a Kiyosaki interview where she was featured and reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can run a quick online search with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so
Could you kindly elaborate on the advisor's background and qualifications?
Singapore did not start with a clean balance sheet. We had some very serious liabilities from the onset.
Yes SG is the best country in the world!!! I love my country!
Don't know how ignorant
@@aplacecalltambun That's true with a few corruption going on and bribery case from minister+transport and CEO. Also, debt like USA debt LOL and huge amount money+taxes minister earning
@@aplacecalltambun their usename is "im not real" though XD
Great video 👍🏻 you deserve a lot more subs, keep it uppp!
Thank god no AI voice on this channel
I'm old enough to remember when Singapore and the Philippines were basically the same. Amazing what Management and mismanagement have taken both countries now. It's sad that the Philippine government decided to wallow in corruption and self-serving individuals.
You can tell most Filipinos are ignorant because they keep blaming people instead of their laws. The Philippines wasn't overtaken because of "corruption and self-serving individuals," but because of protectionist policies and the ideology of economic nationalism still enshrined in its Constitution. That's the big difference. Singapore was open to trade and foreign capital while the Philippines is still one of the most restrictive to foreign direct investment. To be sure, corrupt and self-serving politicians get fat on virtual monopolies at home when foreign competition is limited. Filipinos don't know the real reason that the Philippines is corrupt, for example, is the 1955 Bank Secrey Law, etc.
The recent Alice Guo case got me hooked to Philippines news. The senators are doing a great job conducting inquiries and hearings on criminal cases. In Singapore such cases are handled by police, CPIB, CID or relevant investigating agencies. The Philippines has great sounding agencies like Presidential Commission or "Presidential" this and that, NBI (sounding like FBI) so the country should do better than Singapore, the former being so modelled after the USA. In Singapore the Ministers don't do the actual investigation unlike the Senators in the Philippines. They let the police do the dirty work. Seems like your Senators want to investigate themselves while police (and Ministers) are wait-till-told, waiting for the Senators to tell them what to do next.
Totoo
@tradingfriends-js4ss Joblessness, homelessness, crushing poverty are the reality of the everyday Filipino. The bureaucracy does have fanciful names. The ones with actual money and power are part of dynastic nepotism that guarantee that the Philippines will never rise above its current level.
1Filipinos are more interested in electing popular politicians who are incompetent politically and economically. The last one to do well, was Duterte, but those DEI fools hated his guts.
This will work as long as there are enough working age citizens in Singapore to contribute to their Central Provident Fund (CPF), (mandatory national pension fund). But Singapore's birth rate is one of the lowest in the world! Below replacement rate. So newly minted citizens from other parts of the world are brought in and created. Hope this works.
By the way Singapore's Temasek Holdings (sovereign wealth fund) has invested into Blackrock.
Thank you for the video, a very balanced view of Singapore. Another reason for other countries not being able to replicate Singapore's strategy is the tendency for corruption to take root in the high echelons of power and corruption is something Singapore avoided due to the legacy brought down from the founders.
The same principle as it doesn't matter how much you borrowed from the bank as long as your income from the loan is more than the interest charged by the bank on your loan
Singapore is able to offset its debts because they have too many local Singaporean savers putting money in banks, bonds, and government reserves e.g CPF, HDB while attracting foreign millionaires/billionaires that put their clean or dirty money in Singapore to evade taxes back in their home country.
Yes, how much dirty money is the question.!!
Summary: Singapore gov is doing with responsible gov should do while other govs are spending on useless stuff that catering to voters
Or in the case of America, NOTHING that caters to voters!
@meilinchan7314 we just voted to fix that
Ironically, that happens exactly because Gov doesn't need to worry about the incoming election result.
Singapore is a country of good ability.
After 4 min, finally we get to the point.
TY!
❤❤❤There is not much of a problem if the country borrows only in its own currency like what Singapore, Malaysia, the USA or Japan are doing. If you borrow only or mainly in your own currency which you can legally print or create out of thin air, it's just like your left hand owing money to your right hand provided it's done surreptitiously and used mainly for developments or investments and best done when all other countries are doing their quantitative easing. This way foreigners will not devalue your currency.
The USA is the only country which can practically print as much money as it likes since its currency is the world's reserve currency and it cannot be devalued as all other major currencies like the British Pound, the Japanese Yen and Euro are also grossly overvalued due to excessive borrowing.
What a beautiful video I like it very much
I was hoping for a video call later
This explanation of debt is applied as if a country was a household... a country is not a household and debt that a country carries is money available within its economy.
Crazy how you have no clue what government debt actually is 💀
Singapore is up with USA and UK lmfao. Idk why doing debt so much
For how long it will sustain? .. definitely not forever...
Nothing can be forever.
3798🐷
Wtf 4 mins all you said was its diffrent. What a waste of my time! Repeating the same things over and over again just to make the over 10 mins mark. 🤮
Play the video at 2x speed. Cuts it down to 5 minutes and you still absorb the same information.
Hmm, also a massive tax haven..
the map over countries that would be able to use the same system was horrible. argentina and mongolia was yellow, egypt was red - which color were you supposed to have?
Our macroeconomics is unbalanced. We are the proverbial frogs in a slowly heating bath of water. Just go through what I have to present below.
Broad money in the economy as a share of monetarily measured nominal annual GDP was about 0.5 times in 1960. It has seen a secular and steady increase over the years. It is more than 1.42 times the monetarily measured nominal annual GDP today.
Let me translate it for non-economists. My blood pressure was 115/70 when I was born in 1960. My blood pressure has steadily increased over the years and now it reads 325/200. What would that mean? Anyone interested in economics can answer this question. Kindly do not come back with a "the economy has grown" answer, that would be stupid, and I am being nice here! Just like a higher BP would have altered my body's structure and makeup and turned it into a powder keg, waiting to blow -up. Why have I yet to receive an answer to this question? What are the central banks doing? What is the economic academia doing? Unfortunately, our mainstream macroeconomics is as much of a Voodoo as Modern Monetary Theory.
/What is the economic academia doing?/
Clutching pearls in their ivory towers I guess.
My preferred role model for a well managed country is the Micro-State Liechtenstein. A constitutional monarchy which uses it's wealth for maintaining and growing it's wealth, no need for debts.
does liechtenstein have an arm forces? Singapore spend alot of money on her armed forces, of cos we cannot use the same model as liechtenstein
The need for armed forces is in Liechtenstein as small as in Singapore; close to zero. Small and micro states are safeguarding peace rather with diplomacy and alliances than with military intervention.
@@aaregiel Singapore spends 2.77% of its GDP on defence. I live in Singapore.
@@skai8888 Singapore close to zero for armed forces? Lee Kuan Yew must be rolling in his grave.
@@aaregiel Military expenses are somewhat off topic here, but for countries like Singapore or Switzerland it's quite remarkable to be poorer than Mali in Africa, who is apparently the first debt free country in Africa. Well done Mali!
Lol im rich then
What is the most effective strategy for entering crypto trading if you have around $5,000 to invest, or even if your investment amount is slightly more or less?
Your economic analysis on government debt is misleading.
Governments, with the ability to print their own currency, create their own budgets, and set their own tax rates, cannot be analyzed like households. However, what makes Singapore’s Debt unique is rightly stated in the video. Their debt is used strictly for Investment and not Consumption.
Who holds Government Bonds? (2024 US Example)
Public Deficits ($36T) = Private Surplus ($36T)
US Private Entities: 37%
US Agencies & Trusts: 22%
US Federal Reserve: 19%
Foreign Entities: 23%
Source: US Treasury
the music is stupid
🎉
sounds great for everyone that isn't getting taken advantage of by the increased demand in productivity that comes from the system wanting to maximize profits. Would be a shame if the whole system came toppling down and suddenly a lot of money becomes monopoly money.
THE ELITE BELIEVE THEY LIVE STERNATIVELY.
There is a term for that: *gravy train.* 🎉🎉🎉🎉🎉
The bigger the fund, the fewer the investment opportunities. Counterintuitive but true!
U will own nothing n you will be happy. That's Singapore. Even the CPF is govt controlled. Most workers may not be able to spend it.
They com.plain about the noise from the atMic my machine but now are spending me ????? Yet my bank has closed my account with money in i.t
While the debts are productive, why should you worry? US is borrowing to spend more and for previous debt interest, with its budget untenable, year after year, after the Clinton's years.
I think more in depth research is needed, some data is wrong. Overall the message is ok, but please don’t be a band wagoner , please be more neutral and don’t parrot propaganda
Talk under cows come home. Why no pension for SG😂, depend on themselves for the stupid lock CPF with min sum set by them with increase every year? 😅😅😅
Silly fake news again🙈
No wonder our local breed whole-life hard-earned stressed n sweat c p f money are not able to recoup back from bad investments especially those with china suzhou industrial park n tianjian ecopark believe there are more than those twos investments that are stucked or being " cheated " or swindle away in the name of no profit or being cheated with paper work.