Frank Comments by Dennis Ng on various Topics

[positive7]

Dennis wrote:

"If you really love what you do, just doing it is the best reward you get, you don't think or focus on what rewards you might get for doing it... ""

Hi Dennis:
I can relate to this. I love what I am doing - at times spending way above the normal office hours. Some said stupid or siao. If I really sit down to think about it, it is truly not worth it. But a simple thanks from customers bring give me joy. Good to be rewarded with $$ but i will not harp on it. It is passion which not many can relate.

On "those who give little - get little". I find this sentence though understandable but still hard to digest sometimes. There are some who give little, stingly, caculative etc but they are still having lots.

There are some who keep giving but have little.

Contentment is a blessing. But i still wish i have loads of money so that i can bless more people. MOney is not everything but it is still something.

How to be a Millionaire - though have learned but in practice is not as easy as thought if we dont have the opportunity or excess fund.

Opps you are going to say 'I believe I can fly' or is all in the mind. But we truly still need the initial fund.

At this moment - i am still trying to digest how to be a Millionaire.

But it is with deep appreciation that I have learned loads from your forum. I have never regret attending the full seminar. Thanks!

[danielcheng]

Infact in most cases, to achieve what one desire, it is the little things, little efforts that we consistently put in, compounded over time that gives us the net tangible outcome. It will ultimately give us that slight edge when oppty arises.

These actions are easy to do but also easy not to do too as it wouldn't make much difference immediately. So if we love doing what we do, we wouldn't mind doing it & will receive what we deserve in the end.

Problem is most people want instant results, instant gratification.

[Dennis Ng]

Why are some people richer than others? What makes you deserve a greater wealth?

A dialogue with Robert Kuok in China TV program, he is a humble & successful businessman,
http://www.youtube.com/watch?v=yXpF71Ra ... ture=share

I had watched twice the interview to appreciate in depth. His humbleness and humility is a true define for a quote what Dennis had shared in a seminar on Saturday.
德者, 本也. 财者, 末也. 一个人的度量有多大，他的容量就有多大，容量有多大，他的能量就有多大。
Virtuous and humility are the fundamentals that one should hold, material should come the least thing to consider. The extent of one's capacity shall determine how much of one's energy.
Thanks cannizzaro for the sharing.

For a clearer explanation of 德者, 本也. 财者, 末也, please read what Alvin Chow (seminar graduate) after hearing me share about the concept of "Wealth Container" last Thursday after end of Path to Financial Freedom Workshop.

http://www.masteryourfinance.com/forum/ ... php?t=2347


Extracting from part of the full message here:

Why are some people richer than others? What makes you deserve a greater wealth?

Dennis was sharing with us that the wealth of a person depends on how big his container is. Everyone has a container and it relates to the ability of the person to attract wealth. Essentially, his message is that we need to know the principle of Be-Do-Have. We need to be the kind of person to command $1 million first, before we can have $1 million. On the contrary, most people will only dream about having $1 million, and it often remain as a dream.

We need to ask how would a millionaire think and behave? Compare to our thinking patterns and behaviour, how far are we from a millionaire? What are the wrong perceptions we need to remove? What are the new beliefs that we need to adopt? What are the skills require to get to that level? What are the bad habits that we need to unlearn? You should know by now that the focus is about becoming a better person. The wealth container will grow as you turn better and the more money you can command.

[Dennis Ng]

6% Bond Yield is the Tipping point.

Watch out the 10 year bond yield for Italy and Spain, once it goes above 6%, then likely that Italy and Spain would spiral downwards into trouble like Greece...

Reasons? When Italy can borrow at about same interest rate as Germans (about 2%) they can afford to pay their debt (bonds), when it is above 6%, investors would start re-doing their calculations and might conclude that Italy and Spain would have problem paying its debt and thus selling off their bonds, which will lead to lower Bond prices and which in turn will spike up Bond Yield even further, it is a Vicious Cycle or what George Soros terms as "Reflexivity"...

This is likely to happen soon to Italy and/or Spain.

As at 20 Oct 2011, Italy 10 year bond yield at 5.99% and Spain at 5.49%. German at 1.99% and French at 3.13%...

Ask yourself would German government has any problem convincing Germans the need to help bail out Italy and Spain who are No 3 and No 4 biggest economy in Euro Zone...the Germans work so out so as to dish out money to lazy neighbours Italy and Spain who are not small economies...

Expect Germans to dilly dally on the Eurozone Rescue Package and which means Euro Zone might NOT have a concrete rescue package sewn up by 23 Oct 2011...but markets last week already built up expectation that agreement is on the way when the G20 meeting ended quite promisingly, on a positive note that Euro Zone say they will do something.

[Dennis Ng]

19 Jul 2011

I'm aged 42, currently already reached S$2.6 million, I can retire and do nothing if I want to. Yet when I look around in Singapore, there are many old people who are aged above 60 working as Toilet cleaners or cleaning tables at food court and hawker centres, many others work as Security Guards in condos and apartments, I ask myself, what I can do for fellow Singaporeans?

How come I can be a Millionaire at age 42 and can afford to retire while most people would not even have enough money to retire at age 62? What's the difference between most people and myself? Most people only save money, and the returns they get is less than inflation, thus they are getting poorer and poorer without realising it. While I know how to invest and grow my money, that's how I reached millionaire status at age 39, 3 years ago.

I hope I can do something and I think the best thing I can do for Singapore, is to help to educate as many people to learn how to manage and grow their money, so that when they are old, they can choose to work or not, what work to do and lastly, where to live their last days.

Cheers!

Dennis Ng

http://sg.news.yahoo.com/blogs/singapor ... ml#more-id

Singaporeans dying away from home
By Andrew Loh | SingaporeScene – Sun, Jul 17, 2011

By Andrew Loh

It doesn't hit home until you're standing there, eyes fixed on the old man of 87-years old. He is no longer cognisant of his surroundings, I am told. His ability to register familiar faces and places is no longer as keen as before. He can barely recognise his own son who is standing beside me at the side of his bed on the day we paid him a visit.

First a boat-builder — during the Japanese occupation — and later a plumber, his hands were the only means by which he made a living and raised a family. Now, with children all grown up with families of their own, he is bedridden, immobile and has to be cared for in a nursing home. Alzheimer's has set in, along with Parkinson's and coronary heart problems.

His son and daughters, in their 30s and 40s, try their best to provide the care he needs. They had him at home in the beginning but as his needs grew, they had no choice but to put him in a nursing home. It was no longer viable or practical for the siblings to provide the special care he required.

The costs of caring for the elderly

So in 2007, they decided to seek the services of a nursing home.

Several months ago, they were told that their father had had a fall in the home. On further probing they realised that the home had not been totally truthful about how this had happened. They were initially told that the incident took place at about 6 or 7pm. The family was informed at 8pm. However, they later discovered that it had actually happened at 2pm. They were upset that it took the home 6 hours to inform them.

In the meantime, the family was having problems paying for their father's stay in the home. It came to more than S$2,000 a month. Further enquiries with other homes revealed that they were all fully booked. In any case, they were not much cheaper either. In addition, the siblings too had to provide care for their mother who is wheelchair-bound and suffers from various ailments as well. The family was at its wits' end.

They finally had to consider the one thing they never thought they would have to — to place their father in a nursing home abroad as it would relieve the financial burden in caring for both parents.

After a search of the Internet for nursing homes in Johor Baru (JB) in Malaysia, they shortlisted several and finally decided on one. The siblings paid a visit to the home earlier this year and made the decision to place their father there.

It would cut their financial obligations by some 60 percent, not an insignificant amount for the siblings who aren't financially well-off.

Children have to make a hard choice

"No one wants to have their father in a nursing home abroad," the son tells me, his voice quivering. "But we have no choice. The costs in Singapore are just too much for us."

The consolation he and his sisters take from this is that the home is set in a quiet neighbourhood, in landed properties which are converted to homes, giving a certain familial warmth to the elderly residents. It is located about 40 minutes by taxi from central JB. The staff there too are friendly and compassionate.

When the son enquired about making bank transfers so that payments could be made on time, the person in charge, Ms Suraya (not her real name), of the home repeatedly tells him not to worry. "It doesn't mean that you have to pay on the date we agreed on. It is okay if you are one or two weeks late. It is okay," she tells him. Such compassion gives the family some peace of mind.

We were told that in recent months, more Singaporeans have made enquiries with the home. "The main reason is the cost," Ms Suraya says. "But also the recent case of abuse in a nursing home in Singapore has raised concerns among Singaporeans." She was referring to the Nightingale nursing home at Braddell Road where the staff were discovered mistreating a resident there. The JB home currently has 20 Singaporean residents. Demand has been so strong that it is planning to open a new center in the coming months.

As we took our leave of the home, another elderly resident waves at us. "Young people like you, good," he said, pointing his finger at us. "Old people like us, no good anymore." It was something he keeps repeating during the next few minutes we conversed with him.

On the next bed beside his was a Malaysian, who is no older than 55. "I am Malaysian but I had been working many years in Singapore," he said. "My children all were born in Singapore and are still there." He recently had an accident which broke several of his hip bones. When we asked why he was there and not with his children in Singapore, he said they could not afford the cost of putting him in a nursing home in Singapore.

The government should help ease the burden

As we left them and the home, I wonder how many Singaporeans — after having served and contributed to the country — would end up in homes such as this one abroad simply because they would not be able to afford to stay in nursing homes in their own country.

It is just not right that our elderly, in what should be their golden years, are subjected to this indignity, to be cast aside or forced out of the land they were born in, grew up in and worked for and contributed to, through no fault of their own or their families' — with the prospect of returning home only when they have breathed their last.

With almost a million Singaporeans projected to be above 65-years old in 2030, it is incumbent upon the government to seriously look into this matter and not let our elderly be subject to such unconscionable indignity when they are no longer "economically active."

There is a responsibility for a government to care for those who no longer can, and to extend help to families who are burdened in such circumstances.

Our elderly should not have to seek shelter in a foreign land.

They are as much a part of us as those who are rich, economically active or young. Our country should not and must not abandon them to another country. It is our responsibility and we must not shirk this.

[Dennis Ng]

Knowing how to read the "Investment Clock"helped me to have the courage and conviction to say "buy stocks" in Mar 2009, when I wrote an article entitled "Make Market Cycles Work for You" for Sunday Times, which was published on 29 Mar 2009 (Sunday) and uploaded to AsiaOne website on 31 Mar 2009.

Good News is I teach how to read the "Investment Clock"in my seminars.

http://www.masteryourfinance.com/forum/ ... php?t=1657

[Dennis Ng]

Please read the news "New euro 'empire' plot by Brussels" below.

So this conspiracy Theory is NOT impossible, in fact it looks very much like it, it looks like there is a "push" for a New World Order, that Europe should have one Single Treasury, to decide tax and spending across 17 eurozone nations...

Is the European Crisis created and caused by the "Group" that wants to control the world?

The 1%, 99% is NOT far off, the world seems indeed controlled by the 1% of the Elite of the world.

Cheers!

Dennis Ng

Some call this group, the "Bilderberg Group", some call the group "Illuminati".

Are they the Biggest "Invisible Hands" behind Bull and Bear Markets in Stocks, Commodities, Oil etc?

I quote zipink:

Basically, the conspiracy is that a secret society group of super-rich elite people who are controlling the world.

The economy, Fed, food, medicine, disease, Hollywood, stock market and even the London riots are all planned and they have their motives (basically to their advantage).

It's up to individual to decide whether such conspiracy is real or unreal.

Watch this Video entitled "The Endgame" or what this group wants to create is a New World Order, so that they can control the entire world...watch the video, it's very thought provoking.

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

http://www.bilderberg.org/bilder.htm

http://www.cnbc.com/id/43325286/Rich_Fa ... Bilderberg


"The Endgame" Video, the Next Global Financial Crisis is inevitable becos it is planned?

http://www.youtube.com/watch?v=x-CrNlilZho

Obama is just a puppet:

http://www.prlog.org/10206462-the-great ... ption.html

Cheers!

Dennis Ng

For the New World Order, a world government is just the beginning. Once in place they can engage their plan to exterminate 80% of the world's population, while enabling the "elites" to live forever with the aid of advanced technology. For the first time, crusading filmmaker ALEX JONES reveals their secret plan for humanity's extermination: Operation ENDGAME.

New euro 'empire' plot by Brussels
European Union chiefs are drawing up plans for a single “Treasury” to oversee tax and spending across the 17 eurozone nations.

Patrick Hennessy and Bruno Waterfield

8:48PM BST 22 Oct 2011

The proposal, put forward by Herman Van Rompuy, the European Council president, would be the clearest sign yet of a new “United States of Europe” — with Britain left on the sidelines.

The plan comes as European governments desperately trying to save the euro from collapse last night faced a new bombshell, with sources at the International Monetary Fund saying it would not pay for a second Greek bail-out.

It was also disclosed last night that British businesses are turning their back on Brussels regulations to give temporary workers full employment rights, with supermarket chain Tesco leading the charge.

Meanwhile, David Cameron is attempting to face down a rebellion tomorrow by Tory MPs in a vote over staging a referendum on Britain’s membership of the EU.


Downing Street has upped the stakes dramatically. Last night, No 10 sources insisted they would impose a three-line whip — effectively ordering all Tory MPs to fall in line.

Mr Cameron, who yesterday took personal charge of the effort to persuade MPs to back the Government, has come under intense pressure from Cabinet colleagues to try to defuse the revolt by offering concessions or a way out to rebels. Sources say a handful of parliamentary private secretaries — the lowest rung on the government ladder — might resign.

The single Treasury plan emerged in Brussels yesterday as Europe’s finance ministers tried to find a way out of the crisis engulfing the eurozone. A full-scale rescue plan could cost about £1.75 trillion.

British sources said Mr Van Rompuy, who is regarded as being close to the German government, suggested plans for a “finance ministry” to be based either in Frankfurt or Paris. The EU already has its own “foreign ministry”, headed by Baroness Ashton, the former British Labour minister, and based in Brussels.

A senior Coalition source told The Sunday Telegraph: “I am well aware of arguments in Brussels and elsewhere in favour of a single Treasury. You’d get any number of different versions of 'Europe’ all running at very different speeds.”

A series of meetings are due to be held over the next few days on the eurozone crisis that will involve the leaders of EU member states.

They were overshadowed last night as senior sources at the International Monetary Fund indicated privately that it is not willing to further bail out Greece, whose economy has an outstanding debt of about £232 billion.

The IMF, with the EU and the European Central Bank, is assessing Greece’s debt crisis, and a joint report yesterday suggested lenders might have to agree losses of up to 60 per cent in a Greek default.

Any suggestion that the IMF would not be part of a new bail-out of Greece could spark panic in the markets and worsen the eurozone crisis.

Eurosceptic Tories, meanwhile, are arguing in favour of “repatriating” powers from the EU to Britain, including the Agency Workers Directive, imposed last year at an annual cost of £1.8 billion, which is putting at risk 28,000 temporary job contracts for those aged between 16 and 24. Tesco has asked one of its suppliers to take advantage of a loophole in the law which allows workers to “opt out”.

As Mr Cameron led the drive this weekend to neuter the Tory rebellion, Nigel Farage, the leader of Ukip, indicated his party might not field candidates at the next election against MPs who vote for a referendum.

However, there is no danger of Mr Cameron losing the non-binding vote. He can count on the “payroll vote” of more than 100 ministers, most if not all Lib Dams and nearly the entire bloc of 258 Labour MPs.

On Saturday Tory rebels were among speakers at a “People’s Pledge” pro-referendum rally in Westminster. They included David Davis, the former shadow home secretary, who called the EU a “nascent superstate”.

[Trade2win]

G-20: Europe Must Solve Its Own Economic Problems

October 17, 2011 | From theTrumpet.com
But what does this really mean in practical terms?


The world’s top finance chiefs came together on Saturday to ask the International Monetary Fund (imf) to take expanded action to fight the eurozone’s escalating debt troubles.

The time to act is now, the leaders from the world’s 20 richest nations said. The situation risks becoming global.

The announcement comes at a time when the cost for Italy and Spain to borrow money is spiking—indicating that investors are losing confidence in the eurozone’s third- and fourth-largest economies.

This is a dangerous new stage in the eurozone crisis. The rest of Europe simply does not have the resources to bail out Spain or Italy—and certainly not both of them together.

This is a reality that is slowly dawning on the world. While asking the imf to play a greater role in solving the debt crisis, G-20 ministers made clear that Europe must first come up with its own solutions.

“[E]ven though the world has a big stake in Europe doing this effectively, Europe itself has the strongest interest,” U.S. Treasury Secretary Timothy Geithner said. “I think they’ve come to recognize that, if you underdo it, it’s going to be more expensive.”

The world is demanding that Europe do whatever it takes to solve its economic crisis before it can spread from the Continent.

But what does that mean in practical terms?

There is only one nation that can save Europe. It is the nation with Europe’s largest economy and its strongest credit rating. It is the nation that is the third-largest exporter in the world. It is the nation that controls the eurozone’s money. That nation is Germany.

Only Germany has the financial firepower to prevent Europe’s debt problems from escalating beyond the point of no return.

Thus, if the world is telling Europe to solve its own problems, that means it is effectively telling individual European nations that they must submit to German demands.

But not only are world leaders demanding that countries submit to Germany. They are also begging Germany to take control of Europe.

On October 9, British Prime Minister David Cameron pleaded with European leaders to take a “big bazooka”-type approach to heading off collapse.

Specifically, Cameron says Germany needs to take “collective responsibility” for Europe. According to Prime Minister Cameron, Europe needs a single market with a single government. “[Y]ou have to do the whole thing,” he said. “Time is short, the situation is precarious.”

Big events are happening in Europe. As the Telegraph wrote in July, the euro crisis is giving “Germany the empire it’s always dreamed of.” And as former British Prime Minister Margaret Thatcher warned: That is not a good thing for Britain, America, and the free people of the world.

[Dennis Ng]

My comment:
this guy is right that inflation might be a problem. However, the worst case scenario he can only see STI moving to 2,600, which shows that he probably knows next to nothing about TA.

So do NOT underestimate what you learned from my 2-day Stock Seminar, as mentioned, 90% of the people out there know less than you, including Financial Journalist who writes for the Straits Times Invest Section.

Cheers!

Dennis Ng

The Straits Times
Oct 23, 2011
SMALL CHANGE
Save your savings
With inflation up and interest down, look for alternative places to park your money

By Goh Eng Yeow

These are tough times for savers.

With inflation running at well over 5 per cent, they will need to save more, not less, if they want to enjoy a comfortable retirement.

Yet, there are few incentives to save. This month, the three local banks halved the already paltry rates they pay out to depositors to a mere 0.05 per cent.

In other words, if you are a retiree with $100,000 in savings stashed away in the bank, you will be earning only $50 in interest a year - a sum that will hardly cover one day of your living expenses.

Meanwhile, you still have to worry about the corrosive effect of inflation. If inflation runs at the rate of 5 per cent, the real value of your $100,000 savings may be eroded to $95,000 after 12 months.

But if you try to take more risk on your nest-egg, you may end up with not just a disappointing return but possibly a devastating blow to your wealth if you bet on the wrong investment.

At a time when we are bombarded daily by gloomy headlines about the debt crises in Europe and the United States, as well as the possibility of another recession, searching for safe investment havens has never been more difficult.

Nevertheless, how you make your investment choices should depend on how you think the economic crises now brewing far beyond our shores will pan out.

Runaway inflation

One possibility is that the US and Europe will try to inflate their debts away by resorting to ever-larger doses of quantitative easing. In layman's terms, this is like printing money, as a country's central bank issues huge sums of freshly minted money to pay the debt issued by its government.

In doing so, the central bank effectively devalues the currency since there is much more of it in circulation. This sparks inflation, making it more costly to buy essential foodstuff and other necessities.

And when a gigantic economy such as the US indulged in quantitative easing - as it did in the past two years - the impact was felt across the globe. The value of the US dollar plummeted against currencies such as the Singdollar, while global inflation surged, as the prices of commodities such as gold and crude oil, which were valued in US dollars, escalated.

Against this backdrop of rising inflation, it is not surprising to find investors here turning to investments such as residential properties as a hedge against inflation.

Their reasoning is simple: In a small crowded island like Singapore where the land supply is limited, any rise in inflation will only cause property prices to go up too.

Coupled with the ultra-low interest rates charged by banks for home mortgages, it looks like a sure-win strategy for investors who bet on properties.

Financial collapse

But this sweet dream can easily turn into a nightmare if the European debt crisis spirals out of control, and indebted nations such as Greece refuse to service their loans, as they face widespread political unrest.

The big worry is that this may cause a big European lender to fail, as banks again freeze up their credit lines and stop lending to each other, as they did in the aftermath of the collapse of US investment bank Lehman Brothers three years ago.

In that case, all bets are off, with all assets from gold to real properties likely to plunge in value, as the world is hit by a severe credit crunch.

Fortunately, this is one scenario which may not materialise, since there is no reason to believe that European policy-makers will be so dumb as to allow it to happen.

Japan-style stagnation

But there is another scenario which investors, especially those bullish on the property market, will have to beware of - and that is Japan-style stagnation in the West.

Some traders believe that the US and Europe will somehow manage to muddle through their debt crises, but find themselves trapped in sluggish economic growth for several years after that.

This is entirely plausible, given the persistently high unemployment rate in the US despite all the efforts to bring it down, and the austerity which Europeans will have to live with to get their finances in shape.

But a Japan-style stagnation is like the kiss of death for the equities and property market. In the past 20 years, Japan's Nikkei-225 Index has plunged by 80 per cent in value, while Japanese property prices have fallen to one-tenth of their peak levels.

In such a scenario, it is best to hold on to your cash and invest in high-yielding bonds to protect yourself from falling asset values.

Recession talks overblown

Finally, there is the hope that Europe will be able to fix its debt crisis and that talks of a global recession are overblown.

Despite all the gloom and doom stalking the market, recent data, such as the US job numbers and the better-than-expected earnings reported by US lenders, indicates that the United States is not heading towards a severe recession.

Better still, China - the regional engine of growth - has shrugged off earlier fears of a hard landing, as it powered ahead with third-quarter economic growth of 9.1 per cent.

These positive tidings suggest that it may be time to start picking up badly battered blue chips whose values have fallen about 20 per cent in the past two months.

Currently, the benchmark Straits Times Index (STI) - at 2,694 - is trading at around the same level as it did when the new millennium kicked off 11 years ago. But its component stocks - which include DBS Group Holdings, OCBC Bank, United Overseas Bank and SingTel - are far bigger and stronger now.

It leaves us to conclude that as the STI falls back to its 2,600 landmark support, its component stocks are priced more cheaply than a decade ago, and therefore offer genuine good value for investors.

engyeow@sph.com.sg

[Dennis Ng]

Hopefully, nobody bought any China stocks (S-Chips) becos of the High Net "Cash" Positions they proclaimed to have, according to analysis by stock analysts.

I don't rely on research reports by Stock Broking Firms, I do my own research and arrive at my own conclusions, as I found the standards of such research reports as mostly mediocre, and I would probably do better if I analyse the companies myself, than to rely on the analysis done by Stock Broking Firms, no matter which firm.

Cheers!

Dennis Ng

2 Mar 2011

hopefully the Cash is there. If the Cash is there, these stocks are bargains. If not, then...

1 Mar 2011

CIMB have some info on the various S chips with high net cash positions

Using Bloomberg data, CIMB identified a list of S-Chips with net cash
more than 100% of market cap.

s/n Company Name Mkt Cap(S$000) Net Cash(S$m) Net Cash as % mar cap
1 China Sports International Ltd 9 1,402 180.7 198%
2 Cacola Furniture International Ltd 1 8,975 35.4 187%
3 Sino Construction Ltd 54,000 97.4 180%
4 Changtian Plastic Chemical Ltd 7 2,600 124.7 172%
5 Fujian Zhenyun Plastics Industry Co Ltd 3 2,775 53.1 162%
6 China Fibretech Ltd 4 2,529 66.2 156%
7 China Hongxing Sports Ltd 3 22,000 389.3 121%
8 China Bearing (Singapore) Ltd 1 1,500 13.6 118%
9 Sinobest Technology Holdings Ltd 1 2,237 13.3 109%
10 Unionmet (Singapore) Ltd 42,949 46.3 108%
11 FibreChem Technologies Ltd 94,841 100.5 106%
12 Qian Feng Fabric Tech Limited 5 6,700 59.3 105%

[tivoli]

Hi Dennis,

Not sure if you have read the bible before.

Just for information only : The prophecy given by Daniel (in the book of Daniel), an exiled jew, serving as Persian-Mede prime minister during the era of Cyrus the persian King predicted that during the end days, there will be a formation of united european block. A leader will rise up that will offer a solution to all the problems and he will be revealed as the 'anti-christ'.

If the prophecy is given as a background, what will happen in the next few years is: the EU nations will probably give up some of their sovereign rights for a tighter union for survival. Contrary to some talks abt EU breaking up, the current crisis will lead to a tighter integration which seems to happening right now politically.

Please read the news "New euro 'empire' plot by Brussels" below.

So this conspiracy Theory is NOT impossible, in fact it looks very much like it, it looks like there is a "push" for a New World Order, that Europe should have one Single Treasury, to decide tax and spending across 17 eurozone nations...

Is the European Crisis created and caused by the "Group" that wants to control the world?

The 1%, 99% is NOT far off, the world seems indeed controlled by the 1% of the Elite of the world.

Cheers!

Dennis Ng

Some call this group, the "Bilderberg Group", some call the group "Illuminati".

Are they the Biggest "Invisible Hands" behind Bull and Bear Markets in Stocks, Commodities, Oil etc?

I quote zipink:

Basically, the conspiracy is that a secret society group of super-rich elite people who are controlling the world.

The economy, Fed, food, medicine, disease, Hollywood, stock market and even the London riots are all planned and they have their motives (basically to their advantage).

It's up to individual to decide whether such conspiracy is real or unreal.

Watch this Video entitled "The Endgame" or what this group wants to create is a New World Order, so that they can control the entire world...watch the video, it's very thought provoking.

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

http://www.bilderberg.org/bilder.htm

http://www.cnbc.com/id/43325286/Rich_Fa ... Bilderberg


"The Endgame" Video, the Next Global Financial Crisis is inevitable becos it is planned?

http://www.youtube.com/watch?v=x-CrNlilZho

Obama is just a puppet:

http://www.prlog.org/10206462-the-great ... ption.html

Cheers!

Dennis Ng

For the New World Order, a world government is just the beginning. Once in place they can engage their plan to exterminate 80% of the world's population, while enabling the "elites" to live forever with the aid of advanced technology. For the first time, crusading filmmaker ALEX JONES reveals their secret plan for humanity's extermination: Operation ENDGAME.

New euro 'empire' plot by Brussels
European Union chiefs are drawing up plans for a single “Treasury” to oversee tax and spending across the 17 eurozone nations.

Patrick Hennessy and Bruno Waterfield

8:48PM BST 22 Oct 2011

The proposal, put forward by Herman Van Rompuy, the European Council president, would be the clearest sign yet of a new “United States of Europe” — with Britain left on the sidelines.

The plan comes as European governments desperately trying to save the euro from collapse last night faced a new bombshell, with sources at the International Monetary Fund saying it would not pay for a second Greek bail-out.

It was also disclosed last night that British businesses are turning their back on Brussels regulations to give temporary workers full employment rights, with supermarket chain Tesco leading the charge.

Meanwhile, David Cameron is attempting to face down a rebellion tomorrow by Tory MPs in a vote over staging a referendum on Britain’s membership of the EU.


Downing Street has upped the stakes dramatically. Last night, No 10 sources insisted they would impose a three-line whip — effectively ordering all Tory MPs to fall in line.

Mr Cameron, who yesterday took personal charge of the effort to persuade MPs to back the Government, has come under intense pressure from Cabinet colleagues to try to defuse the revolt by offering concessions or a way out to rebels. Sources say a handful of parliamentary private secretaries — the lowest rung on the government ladder — might resign.

The single Treasury plan emerged in Brussels yesterday as Europe’s finance ministers tried to find a way out of the crisis engulfing the eurozone. A full-scale rescue plan could cost about £1.75 trillion.

British sources said Mr Van Rompuy, who is regarded as being close to the German government, suggested plans for a “finance ministry” to be based either in Frankfurt or Paris. The EU already has its own “foreign ministry”, headed by Baroness Ashton, the former British Labour minister, and based in Brussels.

A senior Coalition source told The Sunday Telegraph: “I am well aware of arguments in Brussels and elsewhere in favour of a single Treasury. You’d get any number of different versions of 'Europe’ all running at very different speeds.”

A series of meetings are due to be held over the next few days on the eurozone crisis that will involve the leaders of EU member states.

They were overshadowed last night as senior sources at the International Monetary Fund indicated privately that it is not willing to further bail out Greece, whose economy has an outstanding debt of about £232 billion.

The IMF, with the EU and the European Central Bank, is assessing Greece’s debt crisis, and a joint report yesterday suggested lenders might have to agree losses of up to 60 per cent in a Greek default.

Any suggestion that the IMF would not be part of a new bail-out of Greece could spark panic in the markets and worsen the eurozone crisis.

Eurosceptic Tories, meanwhile, are arguing in favour of “repatriating” powers from the EU to Britain, including the Agency Workers Directive, imposed last year at an annual cost of £1.8 billion, which is putting at risk 28,000 temporary job contracts for those aged between 16 and 24. Tesco has asked one of its suppliers to take advantage of a loophole in the law which allows workers to “opt out”.

As Mr Cameron led the drive this weekend to neuter the Tory rebellion, Nigel Farage, the leader of Ukip, indicated his party might not field candidates at the next election against MPs who vote for a referendum.

However, there is no danger of Mr Cameron losing the non-binding vote. He can count on the “payroll vote” of more than 100 ministers, most if not all Lib Dams and nearly the entire bloc of 258 Labour MPs.

On Saturday Tory rebels were among speakers at a “People’s Pledge” pro-referendum rally in Westminster. They included David Davis, the former shadow home secretary, who called the EU a “nascent superstate”.

[Dennis Ng]

Hi Dennis,

Not sure if you have read the bible before.

Just for information only : The prophecy given by Daniel (in the book of Daniel), an exiled jew, serving as Persian-Mede prime minister during the era of Cyrus the persian King predicted that during the end days, there will be a formation of united european block. A leader will rise up that will offer a solution to all the problems and he will be revealed as the 'anti-christ'.

If the prophecy is given as a background, what will happen in the next few years is: the EU nations will probably give up some of their sovereign rights for a tighter union for survival. Contrary to some talks abt EU breaking up, the current crisis will lead to a tighter integration which seems to happening right now politically.

Hi Tivoli,
I'm NON-Religious and not a Christian, but it does seem that they are pushing for a "New World Order" with Germany being the unofficial leader of EU...(with France trying to have a say as well)...

[Dennis Ng]

I don't work for money. Money work for me.

Most people are slaves to money becos they didn't learn how to be Master of Money, how to master their finances.

The fact is since I'm financially free, I no longer need to work, if I don't want to.

I only choose to do what interest me and what I think will benefit the society the most.

I want to help more people reach Financial Freedom, so that they can also have the same Freedom to Choose what they want to do as well.

In 5 years' time, together with 10,000 seminar graduates, we will set up a $100 million Charitable Foundation to help elevate the Poor from Poverty.

The foundation will provide FREE Financial and business education to empower the Poor to become self-employed or do small biz, and will also grant them micro-financing of $5,000 to $10,000 to help them get started.

We hope by doing so, we can do our part in helping the global poverty problem and widening Rich Poor Divide problem.

[Dennis Ng]

The latest survey results on Happiness of Singaporeans says it all.

Most people are Unhappy with how little savings they have, they also work very hard in order to make money and probably that's why they find lack of work-life balance.

Well, I'm aged 42, reached Financial Freedom at at 39, 3 years ago, and I can decide to retire and do nothing if that is what I choose to do. So the best thing about Financial Freedom is that it gives me more Choices. Now, I only do work that is interesting to me and which I find I can help contribute to the society, which to me, is sharing with Public, my knowledge/experience in Planning, Managing and Growing my finances.

I hope through my sharing more people can reach Financial Freedom just as I've done, and it can then allow them to do more for the society, since their own finances are already taken care of.

Cheers!

Dennis Ng

Key findings from the survey of 200 citizens and permanent residents:

The survey found they were the most disgruntled with their savings and expenditure in the past six months, and with their job satisfaction.

Lack of savings seemed to be a key concern among Singaporeans, with 46.5 per cent expressing concern about this.

•The top reason for unhappiness among 30- to 44-year-olds is their work-life balance, with more than 18 per cent indicating they were very unhappy with this.

The Straits Times
Oct 25, 2011
Baby boomers happiest of all: Poll
Young people aged 18 to 29 are unhappiest in the survey of 200 in Singapore

By Leow Si Wan

THE happiest people in Singapore are baby boomers aged between 45 and 59 years old, a survey has found.

Young people aged from 18 to 29, on the other hand, are the unhappiest.

These were some of the key findings from the survey of 200 citizens and permanent residents conducted by a marketing communications agency, Grey Singapore.

The respondents were aged from 18 to over 60, and were representative of the local population in terms of age, gender and race. Almost 90 per cent were Singaporeans.

In June, they were surveyed on their level of contentment across a range of issues such as confidence in the economy and job satisfaction.

On the whole, some 52 per cent of respondents indicated they were happy.

About 27 per cent were neutral about their state of satisfaction, and 22 per cent reported they were unhappy.

The most satisfied group was the post-war baby boomer generation. They were happiest with where they lived, their closeness with family members, and their spirituality.

The least happy group were those between 18 and 29 years old.

The survey found they were the most disgruntled with their savings and expenditure in the past six months, and with their job satisfaction.

Lack of savings seemed to be a key concern among Singaporeans, with 46.5 per cent expressing concern about this.

The following findings were also reported:


•Singaporeans are happiest about the area they live in, their relationship with their family, and their spirituality.


•The top reason for unhappiness among 30- to 44-year-olds is their work-life balance, with more than 18 per cent indicating they were very unhappy with this.


•Men are happier than women at work. Of the respondents, 24 per cent of working women reported unhappiness with their work-life balance, as opposed to 18 per cent of male workers.

The issue of happiness and how to measure it was brought up in Parliament last week, with MPs locking horns over claims that Singapore is too focused on economic progress, at the expense of citizens' happiness.

Opposition MP Sylvia Lim observed that headline figures on gross domestic product (GDP) growth mask the 'harsh realities' of certain groups of Singaporeans - such as the bottom fifth of households by income, or families hit by divorce.

MP Cedric Foo then questioned Ms Lim's choice of Bhutan as a model for Singapore to follow, pointing out that the landlocked Himalayan nation of 700,000 people has a per capita GDP of about US$2,000 (S$2,500), compared to Singapore's more than US$43,000.

When contacted and asked if Singapore should launch its own gross happiness index, Mr Foo said happiness is too 'elusive and subjective'.

Rather, the Government should look beyond median income and work on improving the quality of life in other areas such as communal harmony and health, he said.

Meanwhile, some Singaporeans are not surprised by the survey results.

Said Mr Alwin Zheng, 30, a self-employed consultant: 'It is not really shocking that the baby boomers are most satisfied while those in the younger age group are less happy.

'The baby boomers have established themselves and are in a more secure place, while young adults now have to be concerned with their future in the face of a possible economic downturn.'

The survey - the first of its kind carried out by Grey Singapore - will be conducted annually, and will be launched in other countries across Asia.

siwan@sph.com.sg

[Dennis Ng]

I warned about a possible Crash in Shanghai and Beijing properties in China in year 2012 since 1 April 2011.

I remember when I spoke to even Chinese business owners in China when I visited China in Apr 2011, many of them could NOT believe the possibility of it happening...but now it looks like there are signs the Property Market in these 2 cities are cooling off...

Cheers!

Dennis Ng

1 April 2011
First Japan (1989), then U.S. (2007), now China.

I think there is Property Bubble in China, especially top tier cities eg. Shanghai and Beijing.

If having 64 million Empty Condos is NORMAL, then China does NOT have a property bubble...

People in China are the last to see a bubble forming, just like Japanese and Americans before bubble burst.

http://www.sbs.com.au/dateline/story/wa ... ost-Cities

And my fear is that year 2012 might be the year China Property Bubble burst, and this might coincide with the Crash of U.S. government bonds, Crash of Global Stock Markets....

The next Global Financial Crisis looks to be quite inevitable, the only Uncertainty is the TIMING....

I'm not sure exactly when, I guess it can be Late year 2011 and latest in year 2012...

24 Jul 2011

in Credit tightening, the SMEs are the ones that will feel the "heat", as they will have difficulty getting loans.

With low profit margins and financing difficulties, many SMEs in China will likely close down in the Next Global Financial Crisis.

China Chamber Warns Beijing of Mass Bankruptcies

24 Jul 2011

much of China's economic growth in the last 10 years is from Capital Spending and infrastructure spending.

China future economic growth can only be sustainable if they successfully create a sufficient mass of Middle Class people to raise internal consumption, otherwise, the country's growth likely to run into problems soon, probably in year 2012.

China State Banks has Debt problem but mainly for its debt to State Owned Enterprises, as I explained to Tie Ge (seminar graduate) in another posting, NOT the property sector.

Cheers!

Dennis Ng