Singapore, World Highest External Debt Per Capital : Each Singaporean Owes S$580,000
#1
Reported Singapore External Debts of US$ 1.766 Trillions.
Probably is making Singapore as "The World Highest Debt Per Capital."

Each Singaporean Owes S$ 580,000.
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#2
$580.00 is cheap.
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#3
Laughing
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#4
Very old new leow lah.

askST: Why does Singapore have an external debt of US$1.766 trillion?
Media: The Straits Times

Goh Eng Yeow [email protected]
Senior Correspondent

Reader Lam Peck Heng wrote in to askST after senior correspondent Goh Eng Yeow answered a question about Singapore's foreign reserves.

Mr Lam asked, citing information from a Wikipedia article: "Can you explain to your readers why Singapore had an external debt of US$1.766 trillion (S$2.518 trillion), as at November 13, last year?"

Here is his answer.

https://www.straitstimes.com/askst/askst...6-trillion
[+] 1 user Likes maipenrai's post
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#5
Now a day u should not be frightened by trillion.
World GDP is 8oT. That dola.
OTC derivatives from 2008 and still in the sys. +1600 trillions.
No debts i worry.
Trade war is not abt deficit balancing.
More of continuing a terrible sys.
That why we watch the CROWN.
Something will blow.
In the meantime China is busy building a sound sys.
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#6
8-10-2019 8:31 PM
maipenrai said:
Very old new leow lah.

askST: Why does Singapore have an external debt of US$1.766 trillion?
Media: The Straits Times

Goh Eng Yeow [email protected]
Senior Correspondent

Reader Lam Peck Heng wrote in to askST after senior correspondent Goh Eng Yeow answered a question about Singapore's foreign reserves.

Mr Lam asked, citing information from a Wikipedia article: "Can you explain to your readers why Singapore had an external debt of US$1.766 trillion (S$2.518 trillion), as at November 13, last year?"

Here is his answer.

https://www.mof.gov.sg/Newsroom/Media-Ar...6-trillion-

Mof taken down it's own fake news?
It’s just one big farking world for one human kind.
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#7
8-10-2019 8:49 PM
Oneworld said:
Mof taken down it's own fake news?

Updated link leow

https://www.straitstimes.com/askst/askst...6-trillion
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#8
8-10-2019 9:08 PM
maipenrai said:
Updated link leow

https://www.straitstimes.com/askst/askst...6-trillion

No risk? Instead of subject to property loan risk, now also dont know what and who is being loan to.


That means that much of the so-called gross debts reflected in the Wiki article are, in fact, deposits kept in Singapore banks by overseas banks and depositors.

This money is then recycled by the banks to lend to big overseas borrowers when they take up loans from Singapore-based lenders. Once that happens, it becomes part of Singapore's external assets.
It’s just one big farking world for one human kind.
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#9
This issue is barking up wrong tree....nothing here
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
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#10
8-10-2019 9:12 PM
Oneworld said:
No risk? Instead of subject to property loan risk, now also dont know what and who is being loan to.

That means that much of the so-called gross debts reflected in the Wiki article are, in fact, deposits kept in Singapore banks by overseas banks and depositors.

This money is then recycled by the banks to lend to big overseas borrowers when they take up loans from Singapore-based lenders. Once that happens, it becomes part of Singapore's external assets.

I don't know what they do with the money but then got people can deposit their money here is an indication of how much they trust our system.
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