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LoginSingapore''s foreign reserves fell 0.8 percent to $168.8b
12 posts
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How much is the Financial Risk Exposure actually?
How much invested in USA ?
How much invested in Europe?
Both USA and Europe are crashing.
Asia also crashing.
some rich will become bankrupt and that is just life. If rich remains rich forever, it is not really good also.
The rich who become poor can experience for themselves what it is like to be poor and then if they are really capable, they can prove they can make it again without having the advantage of inheriting from their daddy. They can prove they did not get rich due to family ties and string pulling. They can prove they did not get rich by chance and due to unscrupulous means.
I see this meltdown as a golden opportunity for rich people to have the rare chance to prove they can still stand up after they loose all their wealth. For this, I think its a blessing in disguise for them.
cheers! :)
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bro, in crisis rich dont get poorer. in fact it is more likely poor get poorer.
Richard fuld of lehman bros are having half a billion of cash and assets not including the 8million lehman bros he still holding.
lehman bros has close, is he getting poorer? unless u compare 2009 income $0 to 2008 income of USD45-50million.
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i surprise as well, but maybe another few hundred billions been invested somewhere by GIC such as UBS,........ which we dont know of?is that an severely under-estimation of our foreign reserves... or there sprung a leak somewhere and the money is being syphoned away while the public is paying for it.
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