Singapore time: 2.20 pm 1st May 2007
Signs are there that Lee Kuan Yew is going to fall from disgrace.
1. The building of casinos
2. Ministers pay rise
3. Government is not moral police
Other signs are
1. Temasek trouble in Thailand
2. Inflation is rising
3. Singapore dollar rising
4. Property price is rising
All these show bubble is building up and it might burst anytime.
PAP government knows about economic cycle but they still want to have ministers pay rise. This will add more pressure to the private sector to increase the top management more to retain them. So most things and salary will increase. So how can Singapore compete with other rising developing countries with pay so high ? Therefore foreign investors might relocate elsewhere. Factories close chop and workers retrenched, and we come back to square one.
Singapore dollar rising will make our products more expensive for export. How many foreign investors would like to invest here if the cost of production keeps rising ?
Lee Kuan Yew still do not wise up when I said he had an albino grandson is all due to his sins. He still want to hold on to power, using his son as a front. His family fortune is now very huge and he still don't want to step down. His stubborness will cause him to fall down disgracefully, because his old age will cause him to behave erratically and mentally unsound.
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