Aren't the Americans proud of their quasi-private Federal Reserve Banks, which wields power above that of their own currency printer, the Department of the Treasury?

Plus, blame all the foibles of American central banks to Alexander Hamilton why don't you.

how on earth those first purchase going to buy Rm400k with 3k salary? Each month instalments already more than 1/3 of the salary
more like lip service jer

Without natural resources how to expand services industry? Pole dancers that make us happy have to consume food which requires fertiliser to grow.

Even the plastic packaging for DVDs is made of petroleum... everything physical in the economy is originated from natural resources.

The current economic/monetary system needs perpetual GDP/consumption growth if not we will slip back into recession, but the natural resources are finite. At some point down the road, we will be facing a big problem...

Tell me how Singapore can divest from industrial to services industry without natural resources? And now they are trying to transform into luxury entertainment industry.

Singapore is a financial hub, it has capital inflow from other countries.

Services industry - engineering, healthcare, insurance, banking, finance, advertising, entertainment etc. It all ties to physical stuff consumption. It's not about the particular country is services based economy or natural resources exporter.

Dude, without physical stuff (natural resources - coal, fresh water, cotton, oil, timber, rice, iron ore, copper etc) how to grow perpetually? Without infinite supply of energy, cement and steel how to build luxury apartments/hotels/casinos in Singapore forever non stop?

I'm not arguing with you, just want to let people know, when we reach the peak supply of physical stuff, we will all be in big trouble...

This post has been edited by debtismoney: Oct 8 2011, 08:55 PM

Agreed, in some way?!?

Shooting own foot also not know...

Economy is a looping cycle.
You can make the loop become bigger, while still consume the same physical resources.

---

Added on October 9, 2011, 11:06 amEconomy is not a zero sum game.
You can have all winner across without loser
and
you can have all loser across without winner.

This a lot of people don't understand.
They only understand one winner must have one loser. So they look for physical resources only.
It is not the case for economy.



This post has been edited by cherroy: Oct 9 2011, 11:06 AM

Pole dancer don't need to eat more foods to make you happy.
Whether they sell the service to you or not, they still eat the same amount of foods.

Must eat more than before, only can dance and provide service to you.

Natural resources is not finite.
You eat rice today, it is not the like finish already, it grow back.
You chop down tree now, after 50 years it grows again.

Where is the finite?

---

Added on October 9, 2011, 11:10 amAgain please post this issue on RWI, this is property section.
Any further post on this kind of issue is not welcomed in this section.
Ty.

This post has been edited by cherroy: Oct 9 2011, 11:10 AM

I agree in someway you've mention. Singapore never go high just that the growth inline with the asia booming trend if you see China, India and Korea. In china people are rich, they migrate to singapore, India expat which are rich they migrate to singapore, Korean or any other country that are rich they migrate to singapore also.

What is singapore like? (for working class)
Singapore is like a giant corporation with alot of workers from multi-racial country. He keeps on invest to grow himself. Definitely not a nice place to retire due to high cost of living and too artificial.
A company that hire alot of expat to generate income for him. These expat can't affort to slow down or be lazy, they must stay in tip-top condition to retain his value to the company.

How about malaysia?(for working class)
If Malaysia is a company, it's a badly debted company with alot of employee sitting down and only able to demand small sum of money every month because company unable to perform. Income based on the existing refinery. That's why so many hard working employee get pissed off because they drawing same pay with the majority 80% of the slacker. If you are hardworking, you choose to accept your fate and start to slack so you don't lose much or you choose to change company?

Where the get the biggest pool of money?
Those are from people that stay in singapore or work in singapore. They tax people lesser in singapore compared to malaysia but the gst they impose to you ends up you are get taxed more. However people willing to pay. They pay for the security of staying there lower crime rate compared to malaysia.

Medical standard of government hospital offering similar to private in malaysia or even better due to their speciality is world recognize.

Education for their next generation is world recognize.

The place singaporean stay forever belong to the government cos 99yrs leasehold but mainly en-bloc before 50 years.

Most of the profitting organization involve singapore government even though they don't have share in the 1st place. They will some how buy over the profitting business with the same set of high level management.

Everybody who is a pr or citizen get contribute 35% (20% you + 16% your company)of their salary to the government reserve fund. (CPF)

Temasek group invest in all over the world, china, malaysia, US, Indonesia, thailand etc ...

Can anybody list down how many foreign investor company left in Malaysia since Mr. Mahathir era until now?

Where they get the natural resources?
The money that they get can buy all the resources in all over the world at a bargaining price and control it at the appropriate level of quality that they need. That's because they own company at other country that help them get it at the best deal.

Singapore lack of land?
Yes, but they are venturing out to buy other country land. Example in they already vested in JB, KL (sungei wang)....

To me I just think the world is changing very rapidly, only malaysia refuses to accept the changes and lagging behind. All the senario that people think Singapore grow non-stop is not true, the fact is just Malaysia is in STAGNANT AND MOVING BACKWARDS. That's why the gap is getting wider and wider.

If you hope for government as helping hand? Think again!

Malaysia a wanabe advance country fall to become a cash cow to modern country all over the world. Soon all the resources that we own will be used for the benefit of other country because we really don't have the ability to convert our resources into full value comparing to modern country. Even China that is resourceful they manage to attract foreign investor to convert their resources to the full value, that makes them have the technology from all over the world.

Will Malaysia catch up Singapore one day?
YES, provided Malaysia can achieve political stability and stop the racism because I believe Malaysia have is a creative and innovative society. We are multi-lingual. It's not too late to start the race from now on because I just feel singaporean is naturally more dull and robotic mindset. ONLY know how to walk straight can't make a turn and too theoretical with no common sense, may be due to the environment they being bring up is always being protected.

To Malaysian think properly help yourself 1st before you have the ability to help the country or others. Do not vent your anger in blaiming government for doing right or wrong, channel your energy into thinking of ways to make more money or ways to have a better life by self improvement or brain new ideas on how you the the world moving towards to generate income.

This post has been edited by REfreako: Oct 9 2011, 01:20 PM

Thats the prOblem, they didn't solve te problem bit add salt on the wound.

Helping seller to maintain or even pull up price of their property. Imagine, those first house scheme project are planned outskirts, price range rm220-400k, that of course 'encourage' higher price for subsale with better location.

Further to that, they allowed 100% financing, pay for 40yrs... Soon they may even say, ask yr next of kin to get involved as 2nd gen borrower.

The root of problem not rectified, or perhaps they didn't wan to...

Moving forward in order for us to solve our own problem, it's the best that we purchase as early as possible. It's hard to change the current government as it's not within our control the only thing we can do is to capitalize the current situation. Make it being favourable to ourselves and for our next generation.

Headline: Hair today, gone tomorrow
NST Property Talk by Andrew Wong , Oct 7, 2011

INTERESTING times these. As property developers in the world's mightiest economies chart out plans to lower their property prices, ours think it imperative that theirs be raised.

Tan Sri Wan Azmi Wan Hamzah, majority shareholder of E&O Bhd, gave a memorable quote during an interview with another English daily that went something like this: "As we speak, financial and equity markets across the globe are looking mighty wobbly, holding out the promise for those with spare cash a rare opportunity to buy quality investments at near fire sale prices ..."That's what investors expect today: Fire sale prices. And that's what Hong Kong's builders are providing.
Noticing an alarming 35 per cent drop in sale transactions to a point not seen since the beginning of the 2008 global financial crisis, billionaire Li Ka-Shing's development arm Cheung Kong recently launched a large residential project in Tseung Kwan O for 20 per cent below the market's expectations.An analyst observed that this put the offer of a brand new home even lower than a completed unit for sale on the secondary market in the area which "is quite rare".

The reason for Cheung Kong's move was to counter the diminishing appetite of buyers by giving them something they couldn't resist. And the strategy is working ... even to the point where rival developers are being pressured into doing likewise due to fears of a worldwide recession that could hit Southeast Asia by next year.

Rather than hold onto the hope of fat profits, the developers there pragmatically seem to be willing to take haircuts now in order to have the cash with which to ride through the lean times.

China's builders too are thinking along the same line."Developers likely to cut prices 15 per cent" screamed a South China Morning Post headline mid last month, following government measures to cool the property markets of key Chinese cities, which resulted in sales falling by 12 to 13 per cent.

"Developers of China's residential properties are expected to adopt a pricecutting strategy to boost sales as cautious home seekers are reluctant to enter the market during what is usually the peak season," read the SCMP story.

…..
Will it happen in Malaysia's Developers ???

This post has been edited by logen33: Oct 9 2011, 03:03 PM

It doesn't matter whether you have a king or a queen or even a pawn. As long as you place the piece in the correct location. Boom, you are creating wealth.

We need fertilizer in agriculture, we need fertile top soil to grow crops, we need diesel to drive machinery on farm land, we need petrol to transport food to your local store, we need plastic packaging which is made of crude oil for our food, those are all finite resources...

My apologies moderator, posting something not relevant.

"Natural resources is not finite" - welcome to the Disneyland.

This post has been edited by debtismoney: Oct 9 2011, 10:00 PM

The government and corporation are in bed, this is corporate fascism... many politicians from BN have their own interest in the property/construction sector.

They may come up 50, 60 years mortgage or 105% or 110% home loan... but they can only push things down the road to a certain extent, when the public don't have the income to sustain the current prices, how much more debt the public could take on?

"You can make the loop become bigger, while still consume the same physical resources."

If we consume less energy/power/petroleum next year today, see our GDP growth will be printed positive or negative? I'm pretty sure you will lose your shirt if you bet on positive

It is joint loan of husband & wife...But its the same thing isn't it?

Please go to the allocated TZM thread for TZM related banter.

http://forum.lowyat.net/topic/1679078/

Sure kena ikat perut and suffer a bit la..

cannot jadi, then lelong, then other bunch of ppl will go bid, and sell back to market again lor