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Old 09-05-2016, 08:12 PM   #11
millenium
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Quote:
Originally Posted by Ong88 View Post
Glorification not correct.

But I have this view, not politically correct in this day n age but I belief strongly in :
Since the beginning of organised society, roughly 1/3 were slaves or indentured labour.

That's always been and always will be.

In current modern democracy and capitalistic society, it is not so apparent.
But the modern slaves are those who are indentured by their debts : bank/finance company/pawn shops or ah longs/employment agents/pimps or employment bonds.

I am just glad(for now), we have no ah sums or coolies. Also women here not selling their bodies or working as domestic workers overseas.
But I belief, given time, there will be Singaporean going to China and India as foreign workers : when SG is really doomed.
A matter of time only.
Based on that, this is a theory i can think of. When that happen, our property will be 25% of the current price at most. And sgd will be same value as riggit at most. The nearest it can happen is 5 years. So if it will happen that soon, best will be use whatever excess money to buy gold and shift to the smallest dwelling possible asap. When property and sgd crash, will live like a king in sing.
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