Blogger Roy Ngerng sued by PM

[mictok]

Normal lawyer write letter for you cost $xxx to $xxxx depend on the complexity of the content,for Pinky case of super high net worth I think will be $
Ask a peasant to pay legal fee is as well as say this is the End for you.

[globalcookie]

Singapore lang kiasu kiasee but also not very savvy, but a lot of hearsay, a lot of monkey see monkey do. There were examples of 'hearsay and monkey biz'. Take the property topic for example, there were many coffeeshop talk abt property dipping by 30% last year. Did it? Maybe the gurus mean 3.0% but someone took away the decimal.

This CPF topic were discussed quite much lately and despite the many info shared by some, it remains 'unclear' to others. The many CPF accounts were mostly explained in that thread.

I do agree to the "let the e ppl decide" model. But than we will see a new wave of b!tches who finish squandering their money, some throwing it at CMM, will come kpkb on "no save guard" or expecting welfare, once they finish their money.

[Ong88]

Originally Posted by mictok

Normal lawyer write letter for you cost $xxx to $xxxx depend on the complexity of the content,for Pinky case of super high net worth I think will be $
Ask a peasant to pay legal fee is as well as say this is the End for you.

But he like chopped off head liaow but can one last bite.

Today blog post(repeating his mantra) again : death grip liddat.

[Ong88]

Scary lah this guy, no scare die.

Keep hearing Kesha singing Timber in my head

[globalcookie]

Head In Cloud, fart from the mouth

This is important because currently our CPF only earns 2.5% to 4%. But the GIC earns 6.5% in USD terms and Temasek Holdings 16% in SGD terms.

Now, since our CPF is being used to earn 6.5% to 16%, why are we earning a miserly 2.5% to 4%?
This fund earns 16%, but I am only give you 2.5%

Firstly, let me thank Barney for sharing some valuable insights regarding exceptional high returns.

Coming to this blogger. Ok, high returns. Ok he wants what? 6.5%? It doesn't take much to understand, high interest translate to even higher interest on loans.

How many Singaporeans are on housing loan today? Be it bank or CPF/HDB, how many? There are at least 1.2mil properties and I would guess, nearly 1 mil properties are owned by Singaporeans, and if each property is owned by 2 Singaporeans (assuming), there are 2 million home owners. Do you 2 million home owners want to pay 6.6% interest (0.1% higher than CPF) on your loan?

If the outstanding loan is $300k, over 30yrs, with 6.6% interest, generally, the borrower will be paying approx $2,483/mth ($833 principle, $1,650 interest).

Now, if the gov uses our money (internal debt) and earns more money, i don't care if they are growing the sovereign funds or using it for national development, but I rather they earn more, which means my money in CPF is safer.

[Rocky]

a normal lawyer 1 hr $500 to la kopi.. this fellow mutiply by XX??

[Ong88]

What i shared with some frens :

Our cpf isn't invested in gic/temasek.

Cpf lent our money by investing in garmen bonds that pay miserly coupon returns.

The gic/temasek used the borrowed money and got the better returns.

Too bad.

[globalcookie]

A further glance down his blog... got me question his agenda.

In one of his post, I quote him

So much so that it has been shown that 30% of Singaporean households have to spend 105% to 151% of their incomes.

I wonder, who are the 30% households? The bottom 30% or the middle tier? We need to know, what are the excess 5-51% spent on? Why don't we also ask, are we spending more than we earn? To cite these 30% households, why didn't he cite the spending and who are these 30%?

Singaporeans by paying us the lowest wages among the high-income countries

To compare wages. Than I would want to know, despite having one of the most expensive homes, are we one of the lowest debt households among the developed nations? We may not earn more, we may have higher price of homes, if we leave home loans out of the picture, do we (individuals) have a bit more savings than the wealthier nations?

Also, what's the cost of living? We have one of the lowest cost of living actually.

Perhaps if Chan Chun Sing spend more time actually solving the problems that Singaporeans and the poor face and actually look into how to increase our wages and livelihoods, rather than spend his time chastising companies which try to be as inclusive as they can, his time would actually be better spent making Singapore a more equal and fairer society. Perhaps if Chan Chun Singapore and his government would actually spend their time actually reducing the divide

Yes divides, there will always be. How wide? Do we have wealthy neighbourhood next to complete slumps? Do we even have slumps and ppl ravaging thru garbage for bits of food?

[Ong88]

Ummmhhhhh.

What's Roy's sexual affiliation?
He slammed Planned Parenthood in one blog post.

[globalcookie]

Maybe if you could rope him on ur escapade, he will hv lesser time to write those articles