Singapore 2B: March 2023

Friday, 17 March 2023

And of course, as with all these international financial issues, if you are a Singaporean with a bank account, you will want to know: 1) Does this affect me? and 2) Should I be worried?

The sort of good news is, you need not worry.

Maybe.

This video provides a clear explanation.

Why we resist the ideologues

[From: "The Same old criticism"

There are... liberal democracies where you can have an "Amos Yee" type freedom.

There are also very sad places where there is little freedom or security, and life is very hard.

And there are a few places where there is quite a lot of chaos and life is uncertain.

Then there are very few places where you can be reasonably civilised and have sufficient security and responsible freedom to have a good life.

Singapore is one such Oasis of sensibleness... we are an Oasis of order, competence, efficiency, and reasonableness in an otherwise chaotic unreasonable, incompetent WORLD. Not just the region.

If Singapore becomes a copy of a Western Liberal Democracy with all the inherent inefficiencies, silliness, drama, and chaos, it would be a very sad thing...

If Singapore breaks down and devolves into a corrupt, ineffective, unfocused, shambling chaotic third world country, it would also be a very sad thing.

There is only one place where you can find Singapore's straightforwardness, integrity, efficiency, competence, order... And that is here, in Singapore.

If we lose this, whether because we lean to much to the left, or whether we let ourselves sink into mediocrity through complacency or a sense of destiny, or divine right, it will be gone.

...so that is why we resist the ideologues.

Singapore 2B

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Friday, 17 March 2023

Comment: What is wrong with the banks (Silicon Valley Bank, Signature Bank, Silvergate Bank) and now Credit Suisse?