Click this link: TEMASEK to read the full article.
In March 2008, a Singapore government official who claimed a currency crisis - as the one 'predicted could happen' in the USA later in the year - could not hurt Singapore, was asked what tools they have to protect themselves... There was no answer.
One has to wonder why certain people and groups seem so confident that nothing can harm them. Is it because of mere ignorance or misinformation?
When is it going to dawn on people that as long as "Monopoly Men" around the world have the power to print money and extend credit lines as they please, misfortune will always be around the corner for many, but not for those who understand the system. And according to J.M. Keynes (the author of our modern day economy): "only one in a million" understands !!
For those who do not (yet) understand, they should go back to their university days and study J.M. Keynes again and read his book "The Economic Consequences of the Peace" , Chapter six in particular. (if you write me with your e-mail address, I can send you the chapter in Pdf file.)
You want to learn how NOT to end up being poor? Invest time to watch this Google VDO, "Millenium Money" , a fantastic but long award winning documentary. A MUST SEE !!!
(Warning: you may have to watch it a few times in order to fully grasp it and be armed for the future)
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