http://www.goldsilverdvd.com On our last day in Singapore we checked out the Singapore Flyer…the world’s largest ferris wheel. The view was mindblowing and Mike had a great time counting the construction cranes. Just amazing, there are buildings going up as far as the eye can see. Is Singapore the next Dubai?
Some interesting thoughts in here from Mike, how do you feel about what he has to say?
Music can be found at http://www.aaronsaxon.com please check his stuff out it’s great. Peace, Dan
Duration : 0:6:24
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the debt to GDP …
the debt to GDP should not be taken as face value like other countries. Singapore external trade is 3.5X GDP., largest globally. The loans made by all banks in Singapore is below the deposits taken over the last 40 years. Excess deposits are placed in government bonds to form a SGD yield curve which was lacking in the capital markets. CIA cant figure this out, that’s why its the best job in the world, You dont have to be right and still get paid with printed money
Mike– Thanks you …
Mike– Thanks you stayed in Singapore longer than I.. Needed to get to Mines and Money show as you know. Right with you, as we discussed they (Singapore) is inside the bubble and most don’t see it.
Thanks for all you do!
David Morgan
@learn2rock If that …
@learn2rock If that report is anything to go by, this would mean the US does not need to worry either. They are listed at #2 in that report. Ahem.
Take a look at the …
Take a look at the latest Competitive Report 09-10 for Singapore by World Economic Forum. Google “WEF Singapore competitive report”
Maybe Singapore do not have to worry about its public debt after all.
@whygoldandsilver …
@whygoldandsilver Oh I agree it will happen and I know what Sept 2011 has in store for us re Option Arm Resets, I was just saying technically it hasn’t really hit the fan yet – They’re still trying to prop it up a little, that’s the reason why I feel commercial property hasn’t tanked yet. Maybe I misunderstood what Mike was saying
@vinny1010 Check …
@vinny1010 Check out the article at GoldSilver in the newsletters section. There you will find a chart of mortgage resets that shows what is heading our way fast…the second wave. Surf’s up. Big time.
property bubbles …
property bubbles have yet to pop in the US …subprime is only a tiny portion of it
@iaf000 when will …
@iaf000 when will gold silver price spike up happen? maybe 2012? like end of the world?
real esteate bubble …
real esteate bubble everywhere! in shanghai, Seoul, Toronto Vancouver. funny thing is when you look at PM and real estate marekt during 1970′s, PM price go up while real estate price go down! I think interest rate went up too.
@felixdov no …
@felixdov no worries stay tuend for a look at Taipei!
@majikhusky sorry …
@majikhusky sorry if you took what Mike said as condescending…but I don’t see too many other people holding a Silver Summit and educating the masses about real money vs fiat paper. In fact, this was the first ever Asia Silver Summit. I think you’ll find by watcjing a few more of Mike’s videos that he has less of an ‘American World View’ than you might think at first. He’s all about free markets, hard money, and financial education.
@whuttto Thanks …
@whuttto Thanks again, Dan here. As I mentioned earlier, please visit Wikipedia, type in “debt to GDP by country”. You may also like to visit CIA factbook to confirm this. I’m grateful to have brought this to your attention…amazing, huh?
@whuttto Hello …
@whuttto Hello there. Please visit Wikipedia, type in “debt to GDP by country”. You may also like to visit CIA factbook to confirm this. I’m grateful to have brought this to your attention…amazing, huh?
@whygoldandsilver …
@whygoldandsilver Singapore? 6th highest debt to GDP ratio? HAHA please.
Mike, go get your …
Mike, go get your facts right. Wild baseless speculation. Obviously you’re not familiar with Singapore’s economy or the real estate in Singapore. So until you’ve studied, shut up.
Love your work Mike …
Love your work Mike. However your comments about “bringing financial literacy to these regions” is very condescending and ironic considering that Asian countries (e.g. China) in general are the Savers and Producers! Lose the American World View and you’ll do well in Asia!
Love your work Mike …
Love your work Mike. However your comments about “bringing financial literacy to these regions” is very condescending and ironic considering that Asian countries (e.g. China) in general are the Savers and Producers! Lose the American World View and you’ll do well in Asia!
To be honest, I …
To be honest, I used to say the same thing about the Singapore property market, but, having lived here for 5 years, I don’t think it’s going to happen. They have positioned themselves as a destination resort country/city, so, unless China and India collapse and all the money that flows into Singapore from those countries wealthy/elite, I think this place is going to keep chugging along. There was a slight lull in mid-2009, it has been going strong here year after year.
What a great look …
What a great look at Singapore… thanks a lot guys.
@whygoldandsilver …
@whygoldandsilver Did mike reply to wewishujoy’s question? I would like to be on the right side too!
what will happen to …
what will happen to australian property market?
Go Mike, love your …
Go Mike, love your work!
From I’ve seen …
From I’ve seen following property markets the last 15 years is that the time from investment to completion always lags behind the regular economic cycle. Of course there are some general exceptions to this rule however one cannot deny correlation between increased income/decreased lending rates & demand for housing. Once I see interest rates/real wages go down I will know the bubble will burst. Just watch what’s happening in Toronto Canada.
its high but still …
its high but still hv room to go b4 popping esp when interest in SG is extremely LOW (0.1% to 0.5% per year! can you believe this?) and Singaporeans save a lot… our gov is forcing us to go out and SPEND!
i am from Singapore …
i am from Singapore… i hope it pop too…. but…. the 3 pillars thing you talk abt is the casino…. mortgage payment in SG is abt 30% of income now..