Frank Comments by Dennis Ng on various Topics

[Dennis Ng]

now US$ is backed by nothing but just U.S. government debt and yet Investment textbooks still teach that interest rate on U.S. government bonds is "Risk Free Rate". My goodness!!!

U.S. can print money anyhow becos US$ is Global Reserve Currency and almost everything in this world is priced in US$, including Gold, Rice, Sugar, Oil...

You need to learn Investment Knowledge to survive the Next Global Financial Crisis.

Note: Warning: the Next Global Financial Crisis is likely to hit us in year 2012, before Jun 2012, and this Crisis might be worse than the last one in year 2008...

[moneyisfreedom]

now US$ is backed by nothing but just U.S. government debt and yet Investment textbooks still teach that interest rate on U.S. government bonds is "Risk Free Rate". My goodness!!!

U.S. can print money anyhow becos US$ is Global Reserve Currency and almost everything in this world is priced in US$, including Gold, Rice, Sugar, Oil...

You need to learn Investment Knowledge to survive the Next Global Financial Crisis.

Note: Warning: the Next Global Financial Crisis is likely to hit us in year 2012, before Jun 2012, and this Crisis might be worse than the last one in year 2008...

I remember that you had warned that the crisis will be end 2011 or 2012. Don't you think that Obama will do everything to ward it off ? If he doesn't pump (even if only temporarily) the economy, he is a goner. I somehow feel that he will probably pull all the stops to gain re-election (e.g. sell gold if need be, or use the military to `encourage' allies to help the US economy e.t.c.). Even if it is only to delay the inevitable.

If the economy crashes in 2013 or anytime after the election, then he wouldn't really care anymore.

Somehow, I think that the US president will again go for some term gain, for long term pain...for them, and the rest of the world.

[Dennis Ng]

20 Jun 2011 - Economists now think U.S. is similar to Japan after 1989.

Nope, they are different. Japan had deflation, falling prices, that's why interest rates can stay at near zero.

U.S. inflation rate is NOW Creeping UP UN-NOTICED by most people. Inflaion is now 3.6% while 10 year government bond interest 2.95%, or NEGATIVE Yield.

U.S inflation rate expected to rise in year 2012, guess what will happen to U.S. interest rates?

just imagine if inflation in U.S. goes up to say 5% and if U.S. interest rates shoot up from 2.95% to 5%, how much more interest U.S. government needs to pay on its New Bonds to be issued in the coming months/years?

And will Bond prices fall (or even Crash) if interest rates shoots up in U.S.? And if U.S. government bonds Crash like what is now happening in Greece, and if U.S. goes into a Crisis similar to Greece, will this trigger the Next Global Financial Crisis?

Remember that U.S. constitutes 23% of the World's economy, while Greece constitutes 0.485% of the World's economy according to data by IMF:

http://en.wikipedia.org/wiki/List_of_co ... nominal%29

The Truth is this:

The Greece Crisis is over-blown, it is much smaller in scale than the media or governments want us to believe.

The U.S. Debt Crisis is relatively unnoticed, otherwise, why would interest rates on U.S. government 10 year bonds be at lowest level of 2.95%? And whenever something uncertain happens, people flock to buy U.S. government bonds thinking that U.S. government bonds is the safest thing in the world? Imagine Investment text books say U.S. government bond interest rates is Risk FREE Rate!!!

Sorry, I have to disagree with the Economists out there, who are supposedly Experts on Economics. I want to tell them that Japan had Deflation, ie. weak economy and falling prices.

However, U.S. is likely going to experience Stagflation, ie. weak economy with High Prices. Which do you think is worse?

Think about it. I hope I explain things simple enough for the average person to understand Global Economics.

[woonty]

Peter Schiff on Greece & Gross on QE3

http://peterschiffblog.blogspot.com/201 ... e-qe3.html

[Dennis Ng]

Peter Schiff on Greece & Gross on QE3

http://peterschiffblog.blogspot.com/201 ... e-qe3.html

Hi all,

firstly, thanks woonty for sharing the video.

It seems like even Bill Gross (King of Bonds) and Peter Schiff (who also foresaw the last Financial Crisis in year 2008) hold very similar views as me.

And you would know that I have shared these views they said BEFORE they now say all these things. But just that Dennis Ng is only known in Singapore and not globally, so my views were not known to the world, be it CNBC, The Wall Street Journal, Financial Times etc.

Otherwise, they might be amazed that someone in Small Red Dot Singapore predicted failure of QE 2 in Oct 2010 (before QE 2 was even officially approved) and in Oct 2010, already knew that when QE 2 fail, U.S. have to continue printing money (whether that is called QE 3 or some other names, as Bill Gross and Peter Schiff said, is NOT important, it is still printing money.

Since Oct 2010, I also already warned that there'll be a Next Global Financial Crisis, and it might hit us in end 2011 or by Jun 2012...let's wait and see if it happens.

[Dennis Ng]

Andrew Carnegie shared the Greatest Asset a young person can possess -

that is a keen thirst for knowledge and a willingness to pay whatever price required to obtain it and then to apply your talents and knowledge, to render useful service to the world.

Your achievement will correspond to the value you bring to the society.

More info on Andrew Carnegie, the main "sifu" who taught Napoleon Hill is here:

http://en.wikipedia.org/wiki/Andrew_Carnegie

P.S. I also regard Andrew Carnegie as my main sifu, and the greatest source anyone can learn from him is found in the Book "The Master Plan to Success".

This book is NOT sold in Singapore, but I've brought them in specially from Malaysia (from Napoleon Hill Associates in Malaysia) and make the book available for sale here:

http://www.masteryourfinance.com/web/in ... &Itemid=35

[Dennis Ng]

What is Pure Happiness?

This morning I went to revise BSE and learned from Buck Minister Fuller from sifu Randy...had to rush out at 1 pm before lesson ends as I scheduled to meet 3 of my seminar graduates for lunch and one of them brought her 20 year old daughter.

Had a great 2 hours chatting with them and "sharing" (teaching)...

I just enjoy sharing and can't help but share. I enjoyed Pure Happiness.

Tonight I'll be sharing with more members of the public on the "Path to Financial Freedom".

As I learned from Bucky, I want to use my knowledge for everybody, to benefit the society, not just for myself, nor for my family alone.

I had to give up the chance to revise BSE to conduct the workshop tonight but it was a Conscious decision as I know by doing so, I can benefit more people.

[Dennis Ng]

What is integrity?

sifu Randy explained that according to Buckminster Fuller:

"Integrity is to Be True to Yourself and speak the Truth as it is for you without worrying what others think and the consequences of speaking the truth."

I think I practise this already in my daily life, I may offend some people by speaking the truth, but it's NOT my intention to offend, just to speak the Truth.

[Dennis Ng]

More information on Buckminster Fuller, whom I consider as having a Major influence on me and how I think and live my life, other than Andrew Carnegie and Napoleon Hill.

http://en.wikipedia.org/wiki/Buckminster_Fuller

Buckminster Fuller:"problem is society has confused Money as Wealth. Money is NOT Wealth.

This leads to the obsession with the phenomena of bigness of money (big numbers)...which will lead to many scandals (including the Global Financial Crisis).

By Playing games with money,the world is downgrading Wealth."

Dennis Ng: Buckminster "saw" in 1981 what would happen in the next 30 years (many scandals and crisis), not becos he can predict, but becos of thinking along Cause and Effect.

Some people wonder how I can "predict" see the failure of QE2 in Oct 2010 before QE 2 was even approved? And they were skeptical when I said in Oct 2010, the next Global Financial Crisis would come probably end 2011 or year 2012.

The answer is similar to Buckminster Fuller, I can so-called "predict" based on analysing Cause and Effect.

I did my own independent thinking, instead of listening to any analysts, these were my thoughts:

QE1 didn't work, thus I see no reason why QE2 would work.

Let me "predict" again, there will be QE3 (whatever form it may come or name they call it), but then again QE3 will also fail and thus trigger the next Global Financial Crisis, possibly in year 2012.

In the next Crisis, again many people would lose half or more of their money, the reason is becos they cannot "see" what is coming, they did NOT prepare for such a possibility (Financial Crisis), so when it happens, it takes them by surprise, they were shocked and unprepared, they would be holding on to investments which drop possibly 30% to 80% in value and wonder why it happen.

[Dennis Ng]

Many people do NOT realise that alot of things we take for granted to be Truths, are actually Myths.

For example, why are most people NOT wealthy and struggle financially? Becos you have listened and believed in Financial Myths, and these Myths if you continue to uphold them, will hinder you from getting Richer.

We have learned many Financial Myths from school textbooks and even Financial Planners and Fund Managers believe in such Myths, becos they did NOT think for themselves what is being taught, whether are they really the Truth or just Myths?

And they then perpetuate these Financial Myths to their clients and the world.

This is why I conduct seminars, this is why I write Personal Finance Column for My Paper, this is why I publish books, this is why I'm so active on facebook and MasterYourFinance.com discussion forum.

I want to help dispel Financial Myths and share what I learned from multi-millionaires, Financial Principles and Strategies that really work, since I become a Millionaire by applying what I learned from them.

Example of Financial Myth:

Life Insurance is a good form of savings. Truth: returns is about 3%, if inflation rate is also 3%, means your money didn't Grow, no matter how many years you "save"...

If inflation is higher than 3%, you're getting Poorer and Poorer, NOT Richer and Richer. But everyday, Life Insurance continued to be sold to the public as a form of Savings...sigh.

I get angry protest and emails and messages when I say this. But I have to say I'm just speaking the Truth. I'm really NOT bothered about anyone's reactions or opinion about me, since I'm just speaking the Truth, as I've learned from BuckMinster Fuller "to commit to speaking the truth, and not go along with the crowd".

[Ice-Man88]

Hi Dennis,

What is BSE?

Thanks

[Dennis Ng]

Hi Dennis,

What is BSE?

Thanks

BSE stands for Business School for Entrepreneurs, it is a 8-day bootcamp from 7 am to 11 pm...with group work till 2 am to 3 am throughout the 8 days.

[Dennis Ng]

20 Jun 2011 - Economists now think U.S. is similar to Japan after 1989.

Nope, they are different. Japan had deflation, falling prices, that's why interest rates can stay at near zero.

U.S. inflation rate is NOW Creeping UP UN-NOTICED by most people. Inflaion is now 3.6% while 10 year government bond interest 2.95%, or NEGATIVE Yield.

U.S inflation rate expected to rise in year 2012, guess what will happen to U.S. interest rates?

just imagine if inflation in U.S. goes up to say 5% and if U.S. interest rates shoot up from 2.95% to 5%, how much more interest U.S. government needs to pay on its New Bonds to be issued in the coming months/years?

And will Bond prices fall (or even Crash) if interest rates shoots up in U.S.? And if U.S. government bonds Crash like what is now happening in Greece, and if U.S. goes into a Crisis similar to Greece, will this trigger the Next Global Financial Crisis?

Remember that U.S. constitutes 23% of the World's economy, while Greece constitutes 0.485% of the World's economy according to data by IMF:

http://en.wikipedia.org/wiki/List_of_co ... nominal%29

The Truth is this:

The Greece Crisis is over-blown, it is much smaller in scale than the media or governments want us to believe.

The U.S. Debt Crisis is relatively unnoticed, otherwise, why would interest rates on U.S. government 10 year bonds be at lowest level of 2.95%? And whenever something uncertain happens, people flock to buy U.S. government bonds thinking that U.S. government bonds is the safest thing in the world? Imagine Investment text books say U.S. government bond interest rates is Risk FREE Rate!!!

Sorry, I have to disagree with the Economists out there, who are supposedly Experts on Economics. I want to tell them that Japan had Deflation, ie. weak economy and falling prices.

However, U.S. is likely going to experience Stagflation, ie. weak economy with High Prices. Which do you think is worse?

Think about it. I hope I explain things simple enough for the average person to understand Global Economics.

[Dennis Ng]

What is Happiness?

Happiness is knowing that what you did made a Difference to some people.


Received this thank you email from an Outram student today: thank you for the inspirational speech in Outram Secondary. Even though not everyone has paid full attention, I believe that there were still a handful of students who were motivated to achieve success. I was feeling hopeful after all you've said.

[Dennis Ng]

There is another Best Seller "The Secret" the Movie and the book, selling like hot cakes and touted to be the best in many years.

The Truth is the Law of Attraction is taught by Andrew Carnegie, Napoleon Hill and many others since the 1920s...

"The Secret" omitted one very important ingredient to achieving what you want - ACTION.

Without Action, you can attract and attract but achieve NOTHING.

Why did they omit the NEED for Action in "The Secret"?

I don't know but guess it is human nature to want ALL the success but no need to do anything much.

It may be becos saying you need to take Action does NOT sell well to the audience.