The Freeing of Credit to boost liquidity in the Singapore markets

These are some of the ways to Free Credit and boost liquidity in the Singapore markets

1) Allow banks to give an unsecured “overdraft” of say S$1,000 for customers who have a shortfall of less than $1,000 in their savings accounts with interests charged.

2) Allow Singaporeans to borrow against their CPF savings for education upgrading in Singapore Institutions, and other worthwhile causes eg business investments.

3) The Singapore Government cannot be custodians for Singaporeans by limiting the use of HDB flats, there should be changes made in Parliament to allow the eventual privatisation of HDB flats to become private, to kill the “scared cow” when times are bad to boost the economy eventually. Do you know the impact it will have on our financial markets and confidence to the world economy?

4) There is no “Asset Enhancement” when there are limitations to the use of HDB flats as collateral when incomes are stagnant and a slowing economy will only get worst, the freeing of credit is the only option forward as the cost of living in Singapore is ballooning and there is no counterbalance.

5) Many sectors will have business especially property, banking, insurance and the spinoff will be felt globally, as only Singapore and China are the only developed economies that can counter the global slowdown if the cards are played right. Elsewhere in the world, different implementations will help boost their domestic markets especially in US and EU.

6) Low interests rates is not sustainable in the long run as it only benefits those “connected” people with good credit ratings but does not encourage savings thru hard work thru the provision of good and services, and banking Basel reforms will only tighten credit instead of providing a breather to corporations and governments. Capitalism will only work if the right controls are placed with a Free market system in a “Perfect Economy”, but everyone knows the Global Economy is less than “Perfect”. Refinancing can only help the limited few with low interest rates but eventually, it is prudent savings that will champion the recovery of the Global Economy, rather than borrowing money to fund your lifestyle.

7) The many policies mistakes the Singapore Government makes will not help Singaporeans in the age of Globalisation, only restrict access to fair employment and opportunities and increase the burden of every Singaporean, and unless Singaporeans wake up to the Truth and take destiny into their hands, Singapore will never prosper and will be reduced to a Third World status in less than 10 years thru the relentless pursuit of mass importing FTs to lower the costs of wages instead of productivity increases, what “talents” these FTs will contribute have yet to be seen, as more problems will be created than the benefits derived. Loopholes in the contributions of CPF money for foreigners must be closed to ensure employers do not select an FT against a Singaporean, I am sure we do not want to replace LSL with an FT because of costs constraint also.

– Contributed by Oogle.


– 提供者Oogle。

Author: Gilbert Tan TS

IT expert with more than 20 years experience in Multiple OS, Security, Data & Internet , Interests include AI and Big Data, Internet and multimedia. An experienced Real Estate agent, Insurance agent, and a Futures trader. I am capable of finding any answers in the world you want as long as there are reports available online for me to do my own research to bring you closest to all the unsolved mysteries in this world, because I can find all the paths to the Truth, and what the Future holds. All I need is to observe, test and probe to research on anything I want, what you need to do will take months to achieve, all I need is a few hours.​

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