Thursday, April 05, 2018

TOTD: Greatest Falsehood and Fake News from PAP ...

Thought of the Day - Greatest Falsehood and Fake News from PAP ...

FORGET about Operation Coldstore or Operation Spectrum. Singaporeans are just pragmatically selfish and self serving. They won’t be bothered about what injustice had happened to a few tens, hundreds or even thousands of people as long as these don’t affect them directly. We are cultivated to be reaped off of any sense of Social Justice but only taught to focus on our own short term selfish well being.

That’s the harsh reality of being a Singaporean.

The biggest, greatest Falsehood and Fake News that were cooked up by PAP Government is Asset Enhancement Scheme and HDB for retirement financing.

What they have done were just a tiny bit of Enbloc with some upgrading which were politically motivated as pork barrel politicking and in the end, Singaporeans were made to believe that their HDB will be “Enhanced” and thus increase in prices forever! It serves only their agenda of prolonging their monopoly of power without telling the HARD TRUTH that such disastrous scheme will only make them “feel rich” at the expense of their future generations who will be paying for higher HDB prices!

They have messed up the HDB system so badly that there is no way of reversing the bad scam without causing Huge pain to a few generations of Singaporeans.

In the end, Singaporeans were told that not all of their HDB will enjoy enbloc... in fact MAJORITY 96% of HDB won’t enjoy enbloc and their HDB flats will turn to zero value when their lease is up! Did they tell Singaporeans about this critical information back in 1990s when they keep harping on Asset Enhancement Scheme? Half Truth told is no Truth but selective Falsehood!

Singaporeans are fooled in believing in the scam of Asset Enhancement Scheme which is nothing more than making you pay MORE for your HDB flats WILLINGLY, justifying higher and higher prices for New HDB flats through the hedging of prices via the BS OF “market subsidy”, which is not a subsidy at all but effectively just a discount.

At the same time, such fooling scam gave PAP the votes from those who were fooled by them!

Politically speaking, it was the most wonderful "perfect" scam in which you made the voters suffer by paying higher price for the HDB flats the PAP government’s selling but yet, they feel so happy paying higher price and gave PAP votes to maintain their monopoly of power!

But just like any scam, it cannot last forever because it is not sustainable at all. People were made to use up all their retirement fund CPF to buy HDB which doesn’t guarantee forever higher return, not even good as an investment. The time must come when people realize that they have neither the necessary CPF for financing their retirement despite of having the highest rate of contribution in the world, nor the dream or possibility of getting good price for their old HDB flat to finance their retirement.

The situation will get worse and peak when my generation starts to reach 60 years old, which is only 12 years away. At present, the situation is just starting to show the stupidity of the whole scam. For the next two decades, we will see slow collapse of the CPF-HDB scam and by the third decade, most probably the whole system will collapse which most HDB will cross their 40 and 50th year and there is a rapid decline in their prices.

A few generations of Singaporeans will suddenly wake up to the fact that they have been fooled and their hard earned CPF is totally wiped off by the Asset Enhancement scam which was promoted by PAP 30-40 years ago!

2011 was the critical year which we might have the slightest hope of saving the situation but that window of opportunity has lapsed. PAP will NEVER admit their deliberate mistake made in their own interests of self preservation instead of a long term vision for the good and well being of Singaporeans. Many Singaporeans will live to regret for their foolishness in believing in such a big scam and Falsehood propagated by PAP simply because they are blinded by their own greed.

Goh Meng Seng


Fake News said...

Government housing is a specialty. Only the rare with strict criteria can qualify to purchase. Therefore it may proved that the sole purpose is to provide housing to the Sngreans. Its a home that with money can be disqualified from buying.
Private housing is a win-win money making machine with all the many levels of add-ons to the authorities more so the GLS. Which country make profits from public land sales.
Uniquely Singapore.

Anonymous said...

Yeh Yeh Yeh Fake news. Exec Condos and Past DBSS not private housing but land sold to private developers to build and sell. They only make rules and collect S11. Who got the crumbs?

Fake News said...

If they have the heart for the citizens, than it is only right that they build exec condos just like BTOS themselves, and provide affordable homes for those who inspire to live in condos. Right?

Anonymous said...

We have used our son's name for purchased of another property and lives with hope for the best. There are always loopholes for the people.
There was no reason to us anyway, to pay 7% plus 4% costing $220,000 for which we have considered a wealthy government for top ups stamp duty.
If it was a forcibly for the charities it would have been worth the payment. All these transactions were between private sellers and buyers.

Fake News said...

If that's the best they can get for the 4G, perhaps they have not look far enough.

Anonymous said...

If we examined a number of factors why old hdb flats were ok investment and cannot go wrong in the long run in the past were because of SARS. You can buy and just hold through the ups and downs of the market? Now after concluding the belief that SARS are not eligible for all estates, its better to buy new and start with fresh 99 years leases perception. This is pretty solid common cents.

Anonymous said...

I happi with I hdb. I form kampong muv to hdb only 6200 dollars. Gud lah.

Anonymous said...

When HDB was first introduced, $6200 for 99 years cannot complain.

Anonymous said...

We have remarkable over achievement at the expensed of the

Anonymous said...

If someone looks too perfect, than it should be because we don't know that person well. Nobody is perfect. We all have our shortcomings.

Anonymous said...

Thanks for sharing.