Singapore's $800 Billion Massive Debt, Explained

Рет қаралды 275,344

3 ай бұрын

Singapore has one of the world's highest government debts!
Narrated by Tom McKay
Video Edited by Iyanbriandi
Inquiries: behindasian@gmail.com
Brought to you by the Behind Asian Team.

Пікірлер: 413

@BehindAsia 3 ай бұрын

What do you think about Singapore's massive debt? Let us know down below!

@mingz 3 ай бұрын

best country in the world😇

@aeri878 3 ай бұрын

Who cares? Singapore is one of the cleanest, safest, beautiful country in the world, objectively, that is.

@chanboonkwee 3 ай бұрын

You mixed up United States with Singapore. Get your facts straight

@fanlie1576 3 ай бұрын

Nice explanation! Thank you. It's a good debt, not bad debt. Singapore has a prudent and forward thinking approach to manage its financial position.

@moh6410 3 ай бұрын

its not a big deal just tell us what country have no debt ?

@HodgeChris Ай бұрын

For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.

@Pamela.jess.245 Ай бұрын

Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.

@brucemichelle5689. Ай бұрын

Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.

@PatrickFitzgerald-cx6io Ай бұрын

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

@brucemichelle5689. Ай бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@PatrickFitzgerald-cx6io Ай бұрын

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

@genming5317 3 ай бұрын

In simple term, think of Singapore as someone who borrow to buy properties vs US as someone who borrow to pay for its increasing credit card bills.

@pjs20thetube 3 ай бұрын

Not inaccurate, but too simplistic model. For start properties can be a risky "investment", think negative equity. Or interest rate hike to make your mortgage payment worst. You could also increase the credit card bill to help you pay for repairs of your house to increase its value and when sold off pay back your credit card loan. Or buy a car to get a higher paying job.

@alanchiam4546 3 ай бұрын

Leveraging

@azmanrahim9226 3 ай бұрын

Towkay, have extra money invest in export based manufacturing in Malaysialah and hire Malaysianslah...sorry to disturb....

@deschan2246 3 ай бұрын

😂 in short, Singapore is badly managed by current govt

@genming5317 3 ай бұрын

@@deschan2246 sorry what?

@jennyle6395 3 ай бұрын

I think , Singapore regulates their own money domestically from many sources , without needing to borrow from abroad. They’ve calculated very carefully to always have profits since the founding of the country 👍

@jameschern4876 3 ай бұрын

😅

@taipangwong356 3 ай бұрын

Warren Buffet and Karen crossover

@NazriB 3 ай бұрын

Lies again? MILF Division USD SGD

@rabinraj15 2 ай бұрын

@taipangwong356 😂😂😂

@peanut0brain 3 ай бұрын

Let me get this straight : Singapore borrows money to invest in assets (anything that helps to make more money), whereas the US borrows money to pay liabilities (anything that takes money away from you). So Singapore is smart and responsible with the money they borrow vs the US which is totally irresponsible !

@tenglim4406 3 ай бұрын

No, it's more of type of items spent on, and the methods of debt management in general?! Meaning, the spending of borrowed money on projects that could generate more current or future returns than on things that have little or no values at all - but sometimes might be of essential services i.e. the emergency services. In turn, the returns are then being re-invested, and/or used to repay the debts made earlier?!

@peanut0brain 3 ай бұрын

@@tenglim4406 dude you are saying exactly the same as what I'm saying...spend money on things that brings more money in...lol

@tenglim4406 3 ай бұрын

@peanut0brain No?! I focused on what the benefits, both tangible, and intangible, could be brought to both the US, and SG, and its peoples in the future, via the investment of borrowed money, and proper debt management?! Through the construction of public housing, and community facilities, for instance, it could say, significantly improve the overall housing affordability, and standard of living of peoples rather than on those "white elephant" projects or excessive welfare benefits for its people?! Moreover, I explained on how the "borrowing" works in reality, and what the benefits are through the borrowing by the US, and SG in general, in which they differ both in terms of methods, and attitudes? On the other, you only (briefly) discussed the nature, and the attitudes of borrowing by the US, and SG?! So, it's entirely in different perspective?!

@pjs20thetube 3 ай бұрын

@peanut0brain Not that simple. Investment could go sour too. Don't forget Singapore investment includes US treasury bonds too. So effectively holding US debt. Often people use the term "investment" to sound nice as if investment equals guarantee income. That's not always the case. The US uses the money to fund defense so you could say it invests in the long term ensuring that no one can invade it. And because of this money flows to the US when other countries are in trouble.

@iankuah8606 3 ай бұрын

The US is the only country with 'exorbitant privilege' so it can print money to honour debt obligatiios. No other country can do that, especially China whose debts are mounting at a frightening rate as theur property sector implodes and their Belt & Road Initiative has ground to a halt, leaving serveral third world countries in a debt trap.

@graceair3118 3 ай бұрын

Singapore can only plan long term if the Government remains more or less the same. If the Government keep changing like the USA, planning will be short term for quick wins to please voters.

@coolfer2 2 ай бұрын

Yup, this is a massive downside of democracies, unfortunately. Social benefits programs are crowd pleasers, so they are a tool for politicians to quickly garner supports. I'm not from the US btw, but I'm starting to worry that my country is heading to the similar direction, while we are not even nearly as wealthy as the US.

@linhwang6651 3 ай бұрын

Singapore operates like a bank which borrows money from the savers to obtain profits.

@gavinlew8273 2 ай бұрын

The biggest problem is that most of the projects financed can only reap profits by jacking up and inflating prices. Which does not solve the issue of inflation.

@hundrethnameofalli 2 ай бұрын

regulatory arbitrageur

@linhwang6651 2 ай бұрын

@@gavinlew8273 ， No project, no progress.

@linhwang6651 2 ай бұрын

@@gavinlew8273 ，Inflation is common in most countries. It hit harder in poor countries.

@user-xb8kz2my7d 3 ай бұрын

singapore debt is investment debt ie. tie to assets. which generate revenue or sold for cash. usa debt its for consumption which future generations has to pay

@lngkfan 3 ай бұрын

In naive term !!! All ventures, including all investments are risks. In the simplest meaning, risks = gamble, bet, wager, speculation, stake. The higher the risks, the higher the potential return. No risks no gain. Simply, ???

@lngkfan 3 ай бұрын

@@jameschalkwig787 Consumption? Doesn't it mean external sources of funds are channelled into some sort of investment portfolio??? Risks involved, you wouldn't know exactly how much is the realizable value at any given time. Meanwhile, more importantly, you need to maintain cash flow, and also service the external fund. These are rudimentary procedures and no Nobel is required.

@Jack-mz7ox 3 ай бұрын

US debt are paid to US companies which provide healthcare/technology etc, so private corporations get the revenue rather than the government. While essential funds and corporations in Singapore are mostly government owned.

@panzermora902 2 ай бұрын

😂

@jeffs-uw6hr 2 ай бұрын

Don't you worry about Singapore 😅😂 Just pay off the US$34trillion debt 🙄

@yong9613 2 ай бұрын

How to pay off? Or you mean write off? How to write off? Simple, no CPF payouts at all... HDB reaching zero years, just mandate it as zero dollars COE basic price should start at 1mil dollars

@lkl7045 2 ай бұрын

Title should change to Good Debts vs Bad Debts

@mmojave 2 ай бұрын

like Good Cholesterols & Bad Cholesterols.

@slyster Ай бұрын

Lol not a good click bait name

@zero747 2 ай бұрын

Hi @BehindAsia , how did you get all the figures and data?

@fxrisxmxli 2 ай бұрын

7:51 My grandad got flashbacks of WW2. Nice job editing 😂

@chincheong7341 2 ай бұрын

Borrowing to earn more in the future is smart . Borrowing to pay off more n more increasing debts n consumption is unsustainable.

@LanceKuan 2 ай бұрын

No one knows how Temasek and GIC invest Singapore's reserves. Hence, exactly how much reserves the country has.

@abrahamdsl 2 ай бұрын

I think they know but it's state secret - to prevent the dituation of the likes of Soros exploiting GBP then.

@williamwong5627 2 ай бұрын

Only God knows.

@jessieang5604 2 ай бұрын

And which is best to stay this way. Be it in war or business, you wouldn't want your enemy or competitors to know how much and how far you can stretch your resources, do you?

@kuanwengchi4770 2 ай бұрын

Why did they stonewalled former President Ong Teng Cheong telling him they need 59 man years to collate the info? You mean they don't audit their accounts annually? Oh.....in case you aren't aware, Ong Teng Cheong wasn't given a state funeral!

@_Urahara_Kisuke_ Ай бұрын

I think one of Singapore's minister did touch on this, saying that for the obvious reason of national security, the exact amount shouldn't be made publicly available.

@localvisitor88 3 ай бұрын

present in percentage. Can give actual value ?

@Tungku66 3 ай бұрын

I think if I am not wrong, Singapore consider foreign deposit as external debt

@pjs20thetube 3 ай бұрын

Technically yes.

@azureliteyahoo 3 ай бұрын

@@pjs20thetube that's basic accounting entry.

@kentng979 3 ай бұрын

absolutely right

@Amacherasu 2 ай бұрын

Main character yarn? You think you saw you conquer yarn?

@tinyblackmage 3 ай бұрын

Singapore has seemingly high gross debt, but in reality it has ZERO 0️⃣ nett debt. They borrow to earn even more profit 💵, not because lack of budget / fiscal room

@shukriramlee 3 ай бұрын

Liar 😂

@Patroclus27 2 ай бұрын

@@shukriramleesingapore considers foreign investment as debt. So yes the debt will look high on paper. We have no issues with money.

@shukriramlee 2 ай бұрын

@@Patroclus27 No, debt is debt and fdi is fdi.

@hisamjan7842 2 ай бұрын

if zero debt why increase gst, water tax, electricity cost. Debt is debt it have to be paid by someone which is the citizen. Pls dun give brainwash reason such as to pay back country reserved.

@edwinpoon 2 ай бұрын

@@shukriramlee looks like you don't understand the nett debt situation, you poor boi. It's very simple: Debt value minus asset value = nett debt. Singapore actually has negative nett debt.

@lingth 3 ай бұрын

Did they know out of the Top 10 Sovereign Wealth Funds in the world. Singapore has not 1 but 2 in the Top 10? GIC and Temasek

@HMTattiPalosa-mc6jo 3 ай бұрын

What will happen to those countries,who are with high debt ,if there will be financial crises like 2008....

@edmundtan8506 2 ай бұрын

ssb and sgs bonds and T-Bills. COE is also considered a tax. Certificate of entitlement to drive in Singapore. (luxury). ERP is also traffic tax only in certain areas

@mmojave 2 ай бұрын

plus alcohol & tobacco tax...

@AlphaQ922 Ай бұрын

Nope.. SSB and SGS are not considered as tax ..

@nhatthegioi102 Ай бұрын

Hello admin, I was also making videos about Singapore recently when I accidentally saw this video.... thank you admin for providing some useful information!!!

@ghostJammerz Ай бұрын

Still, one of the smallest country with the highest debt in the world.. mind-blowing

@MichaelnguWookuok 3 ай бұрын

Will singapore currency depreciate to pap of usd soon???Or appreciate it to equal value of an USD note soon.

@selvinlouw 2 ай бұрын

Maybe they keep reserves offshore and borrow agains the offshore assets. Like Most large companies do.

@liveisgreatlivenotdie9268 3 ай бұрын

If Singapore issued non tradeable bonds to CPF, then what did they do with the fund they received from CPF which bought the Government non-tradeable bonds.

@waisinglee1509 3 ай бұрын

Most likely, the money is invested elsewhere for a higher return than what they pay out in interest.

@teerificbitch 2 ай бұрын

Invest in higher yield assets to pay for the endowments

@user-db2ob2jc2f 2 ай бұрын

Singapore Has Zero Net Debt The Singapore Government has a strong balance sheet with assets well in excess of its liabilities. This is why international credit rating agencies like Fitch, Moody's, and Standard & Poors give Singapore the highest short-term and long-term credit ratings of AAA.Jan 22, 2024

@gggboy77 Ай бұрын

That's what they tell you. Like the vaccine is safe. Keep believing the liars

@ziq2188 3 ай бұрын

Why worry about debt ??? , where assets are more than visible !!! Hidden and intangible alone . With their prudence for over 50 years in managing financial handling, To WORRY, you are just ignorant, they don't need foreign funds for their infrastructure . Got it, that's. 😄👋🏼

@dickychow3986 3 ай бұрын

It's funny how some Malaysians who don't understand the economy always poke fun at Singapore's high debt.

@davidlim5 3 ай бұрын

They know nuts???

@shukriramlee 3 ай бұрын

Because it's funny 😂 No matter what nationality you are 😂

@deschan2246 3 ай бұрын

They r correct. The funny thing is lots of people are still ignorants.

@cnachopchopnewsagency 3 ай бұрын

Thats why they are stoopid to remove Najib because "he make malaysia alot of debt"😂 When actually during Najib, he bring in alot of FDI and he use national debt luke how Singapore did but yeah, Malaysia too stoopid and think every debt is bad when in reality EVERY country have national debt😂 And now, Malaysia have one of the slowest economic growth in ASEAN😂😂😂 They vote in current people just because if empty promise and populism🤣🤣🤣

@avrental376 2 ай бұрын

That is why they are working for us lol

@tenglim4406 3 ай бұрын

Fun Facts: Currently, both the Temask, and GIC, have a combined value of close to 1 trillion USD, and maintain different investment approaches to achieve investment returns, on the various projects in different fields, for the Government of Singapore (and, in turn, Singaporeans too).

@silentbliss7666 3 ай бұрын

Have you checked how the value of USD$1 trillion has been derived? Most likely it is based on unrealised gains. And what are the 'different' investment approach which you know? I bet they are all investment on market derivatives

@jogo798 3 ай бұрын

Does it include the MAS gold and forex holdings

@NewmaticKe 3 ай бұрын

@@jogo798yes

@tikiewel 3 ай бұрын

1 trillion dollars is more than enough to repay 850 billion

@tsgu8728 3 ай бұрын

It's actually $2.2t as of end 2023

@tikiewel 2 ай бұрын

What does this mean for Singaporeans ?

@jugemujugemugokonosurikire4735 Күн бұрын

Random thought; If every country is in debt, who owes who money?

@thatsyouandme 2 ай бұрын

For example. If one borrows money at 4% annual interest rate to fund projects that grow 10% or more in the long term. This is sound borrowing. Using other's money to generate income while using your own money for other money making channel that will be higher then what you pay in interest, this is the fundamentals of sound financial planning. Unlike US, they borrowed to cover the hole.

@AmbientWalking 2 күн бұрын

Wow. I did not know that.

@halilbinzainee1945 2 ай бұрын

Marvellous

@Souchirouu 3 ай бұрын

What?! Investing in the long term benefit of your people is a good idea?! Naw, that can't be true! Short term profit for the few is the premium economic model!

@lazarusguan2388 3 ай бұрын

"Short term profit for the few" got many empires and dynasties overthrown.

@ziqilim1444 2 ай бұрын

I think he’s being sarcastic

@sklai1907 2 ай бұрын

Good debt helps you to build future wealth and financial strength. Bad debt is an evil cycle to bring you down.

@canineatnight6026 3 ай бұрын

So basically the entire countey was playing rhe investment charty

@ktan6738 3 ай бұрын

sg debts are mostly debts to cpf pension n foreigner deposits. hence the higher the debts the better as it means sg has more pension cash n also more foreign deposit.

@deschan2246 3 ай бұрын

Higher the debts the better???😂🤣😂🤣😂

@vieworama8188 3 ай бұрын

Also because foreign investor's bank deposits in singapore are simply written in the balance sheet as "debt", the bank owes u money because u deposit with them, therefore technically you lend the bank money, so in P&L it's written as debt.

@aravvind 2 ай бұрын

They follow Rich Dad poor dad concept

@fidelcatsro6948 2 ай бұрын

This is nuclear physics simply incomprehensible🤔

@miadelle528 Ай бұрын

cos its rubbish propaganda thats why make shit sense

@PRSer Ай бұрын

As a Singaporean. I myself am amazed how Singapore has become very rich and very expensive. I'm just a normal guy who has very very limited financial knowledge about how my country handles it's money. I do understand that it's much easier to manage an island sized country rather than a country the size and complexity of the US

@kita_komen4391 2 ай бұрын

think Dubai UAE is also like that..., but anyway...as long as you owe somebody money, you're not really independent

@elemental_gaming 2 ай бұрын

8:03 bro just made an imperial japanese flag

@muhammadkhairulizat Ай бұрын

SGS or SGX??

@veliking3175 2 ай бұрын

USD is the reserve currency of the world, it is in US's interest for other Countries, people, institutes to hold US debts. When you are holding US's debts (even if you don't directly hold any, almost everyone holds some US debts indirectly), would you want US to default on those debts? US can just borrow as much as the world can lend it, until another currency becomes a potential new reserve currency. ;)

@De-tw7by Ай бұрын

If USD is going down then there will be problem for Singapore.

@user-sx6xb5nq9l 3 ай бұрын

That's mean ok for some government bebt they pay back more long term stragic

@singapaul1 24 күн бұрын

The Singapore Government has a strong balance sheet with no net debt. Its financial assets are well in excess of its debt. This net asset position is reflected in the net investment returns generated on its reserves, which is made available for Government spending via the Net Investment Returns Contribution. In addition, its strong balance sheet explains why Singapore receives the top credit rating of AAA from the three leading international credit-rating agencies (S&P, Moody’s, and Fitch). The Singapore Government does not borrow for recurrent spending needs. Instead, the Government issues debt to meet specific long-term objectives

@rrron 2 ай бұрын

If the US insists all 401k plans must purchase 30% of all notes and bonds issued by the US Treasury, I doubt u would call it a forward looking country.

@nicb.1213 Ай бұрын

The system theoretically sounds good provided there is no misappropriation. There is no explanation on disbursement of the one trillion debts.

@aizatkassim2491 2 ай бұрын

The first thing that was mentioned in US spending is military expenses. ☠️

@doel89 Ай бұрын

Basically singapore is growing by shorting with margin.

@SUNTZE13 2 ай бұрын

Singapore has no debts, i just goggle, so which is correct?

@LupinIII173-SilentMan 2 ай бұрын

It's far better managed fiscally than many countries around the world.

@seph4667 2 ай бұрын

Uncle Sam is a very wealthy counterfeiter. He welcomes the poor into his mansion. What could possibly go wrong? Please answer.

@Akideoni 3 ай бұрын

Correction high debt does not exactly mean great concern. More appropriately a low credit rating can be a more alarming concern. But again in practice it likely does present imbalance somewhere in in-between during otherwise peace time.

@mohdpolaris3403 2 ай бұрын

US debt 34 trillions and 1 trillions every 100 days , Singapore 800 Billions is small in comparison.

@parryyeo7766 3 ай бұрын

Pap gov said will take 50 years to determine sgp reserves..

@rebootmyth8753 2 ай бұрын

It’s hyperbole, but certainly will not be easy to get an accurate number. Reserves include state land, assets like offices, tools, and infrastructure. etc. But if you’re looking at purely fluid ones, just look at the value of Temasek and GIC. Temasek especially should be public information.

@richardliu7499 29 күн бұрын

They can pay. They use debts to leverage the world currency/ecomony.

@Zelenskyy9 3 ай бұрын

Sounds like $800B debts will becomes $800B credits in the future, si beh hor 💪

@Hazeman. 2 ай бұрын

Ukraine 👎

@waynethorpe1341 3 ай бұрын

Pure Projection

@Rob-lq2ny 2 ай бұрын

That's the US defense budget figure!

@_Urahara_Kisuke_ Ай бұрын

Singapore is "built different", in every sense of the term. It has to be. Otherwise she wouldn't have survived this long, much less thrive.

@dextershaman7154 3 ай бұрын

Its still risk if thres another outbreak.morr debt definitely.

@rebootmyth8753 2 ай бұрын

The Gov of Singapore did not borrow (i.e get into debt) during the 2019-2021 pandemic, but instead simply drew from savings. I’d imagine they’ll do the same in another crisis.

@reichen609 2 ай бұрын

6:00 7:34

@twnetf 2 ай бұрын

Japan was 261% by 2022, should be lot higher now.

@babibrain 3 ай бұрын

Smart debt.

@etphonehome6950 2 ай бұрын

Malaysia with mysterious money missing.

@CCLow-jr7um 2 ай бұрын

Explanation not entirely correct. What he left out is the aspect of money creation which is very complicated.

@gangstagummybear3432 3 ай бұрын

Debt matters, if it didn't these countries with high debt would be alot cheaper to live in.

@gavinlew8273 2 ай бұрын

If it were cheap, then how would those investments by the government reap a profit ! Greedy Corporate Singapore!

@wuqs5458 3 ай бұрын

High quality people come out with high quality methods

@shukriramlee 3 ай бұрын

High quality your ass! 😂

@PIT72100 2 ай бұрын

Viva Singapore 🇸🇬🙏💪👏❤️

@MrJchang27 Ай бұрын

Sometimes, you need to borrow money to make money. If you put money into the right things, then you gain. Average Singapore salary is $46K US a year. However, everything is cheaper in Singapore.

@miadelle528 Ай бұрын

but what is your investments make losses?

@dailydaze77 Ай бұрын

by the word itself and the meaning that comes with it, a debt is still a debt and nothing will change that. A debt still needs to be paid back 🙄

@jailanimerchant9764 3 ай бұрын

Perhaps Spore borrow due to its costly land reclamation project for Tuas mega port and changi avition hub. Anyway, spore govt is stable and has full political support from its citizens.

@davidlim5 3 ай бұрын

Philippines bloggers.???

@cb250nighthawk3 Ай бұрын

If I take a loan to buy a house, it's a debt and if I can't repay the loan and the interests on it, I'm in big trouble, no matter what. 🎉

@user-dw3od3jo6m Ай бұрын

If you don't borrow money, you are limited by your initial capital which is $0, which means your investment return is $0, because you have no investment. If the interest payment is $5 but the investment return is $20, that's $15 of pure profit. If the interest payment is $50 but the investment return is $20, pay it off immediately and you'll never make a loss. Singapore takes on loans when it has money. You take on loans when you have no money. 😂

@cb250nighthawk3 Ай бұрын

@@user-dw3od3jo6m I don't know what is it about my comment that you cannot understand! 🤦‍♂️🤦‍♂️🤦‍♂️

@cb250nighthawk3 Ай бұрын

@@user-dw3od3jo6m 🤦‍♂️🤦‍♂️🤦‍♂️

@miadelle528 Ай бұрын

@@user-dw3od3jo6m but what if your investment loses money? Ever thought of that? If every investment is a sure win, everybody will be rich aldy

@markbrzezinski8889 3 ай бұрын

O god, it's a tax haven?

@mahandranparamasivam73 2 ай бұрын

yes all 4 you Singaporean

@jimmylee1776 Ай бұрын

Debt to GDP measurement does not reflect the true situation. Looking behind the scene the net debt of Singapore is zero. The government is very smart in managing the country’s debt. Let’s hope this continues for years to come. A change of government may change this situation. So Singaporeans have to think carefully about changing their government. A new government may not have the knowledge & skills to manage the country’s debts.

@miadelle528 Ай бұрын

how you know net debt is 0? you dont even know what is your reserve size..

@fs6086 2 ай бұрын

All citizen of singapore are the biggest SSGS funding. I'm one of them

@XiuMexiubill-fq1lp 3 ай бұрын

It is the important thing that the debt is definitely smaller compared to national reserves 💪💪

@miadelle528 Ай бұрын

how you know

@paschallim5539 2 ай бұрын

Smoke & mirrors excuses for incurring debts.

@patricknhester4770 3 ай бұрын

Singapore government has always given the impression that the country has a high reserve and has always been very generous with handouts when there is an economic crisis. Now you are saying that the net debt is zero. Essentially, you are saying that it has as high a debt as its reserve. So after financing all the development, there is actually no money in the bank and everything is into assets? Who has been blowing smoke? Puzzled... And I have studied economics.

@deschan2246 3 ай бұрын

Does Impression equate to reality? 😂 Generous with handout? 😂 R u sure? 😂

@gavinlew8273 2 ай бұрын

In a wealth driven society like Singapore, people are considered capital assets. 😒

@rebootmyth8753 2 ай бұрын

How did you come to the conclusion that all the debt is equal to reserves. The size of the reserves is a national secret so it’s not publicly known. Even if you consider Temasek Holdings and GIC, you need to consider 1. Debt for investment is not zero value. It usually has a value unto itself (can be sold off for less than initial projected value). 2. SG reserves also include gold, foreign currencies held, and land.

@gggboy77 Ай бұрын

A tiny island with a massive debt what can go wrong😂😂😂

@tonykwok9763 3 ай бұрын

MAKE MONEY IN SINGAPORE SPEND MONEY IN JOHORE

@pkchow2580 2 ай бұрын

Smart nations 👍

@SimplyAwesomeness Ай бұрын

If it's really in high debt, it doesn't show. Singapore is safe and clean, has good education, and great infrastructure. The US has failing infrastructure, homelessness, many mass shootings, so many drug issues, corrupted politicians (including the presidents), declining education, and overcrowded prisons.

@mpdmpd8118 2 ай бұрын

SG is money makes money

@norman6499 3 ай бұрын

Im singaporean, remember rule no 1. Never pay full cash to buy property. Singapore is the number 1 in the world in managing finance. Try again, "Behind Asia"

@shukriramlee 3 ай бұрын

Yeah, you can't even enjoy your CPF money since the government pegs it with national debt. 😂

@kenzong8427 3 ай бұрын

financialization is a real problem. I'm no economist, but I think economics has quite clear definition on "FINANCIALIZATION" and "REAL PRODUCTIVE ECONOMY", esp after 2007/2008 crisis....quite a lot of resource. Hope after self education, we'll be able to understand the " HYPERINFLATION" for the past years......

@waisinglee1509 3 ай бұрын

SG has hyperinflation? You're certainly no economist.

@gavinlew8273 2 ай бұрын

Agreed. Singapore wants to be in a position where money does all the work of making more money. The finance sector makes up much of the GDP (Is finance really part of the GDP?!?). But over-financialising the economy has repercussions in the long run. What happens in a society where money made money for everyone else and nobody needs to do any work? Think about it.

@daraz-amazing-finds 3 ай бұрын

Interesting as not very far there is Hong Kong that has one of the lowest Debt to GDP ratio

@flaviomulatojerkin 3 ай бұрын

The bank deposits are very misleadings

@DarkPa1adin Ай бұрын

They are good debt

@actualfacts1055 2 ай бұрын

Borrowing money to invest to earn money actually makes money.

@miadelle528 Ай бұрын

if the investment makes money, what if it makes a loss?

@actualfacts1055 Ай бұрын

@@miadelle528 That's the risk that you take, nobody said that it was easy.

@cjsamtab7 3 ай бұрын

Better be prepared to be POFMA'd.

@gavinhcc 2 ай бұрын

No matter how you explain it, a debt is always a debt.And with the debt stood at 170% of it's GDP, it's scary to see how it can pay its debt at times of extended crisis.Chances of Sing Dollar collapsing in extremely high and when it happens, it will shoot straight down like a falling knife.