(sna) OPINION: Can You Trust PAP With Your CPF Money?

Singaporealternative.blogspot.sg, 1 Jun 2014 There are already quite a lot of articles written by bloggers, Facebook users and internet forummers on this CPF issue. We are beginning to converge to agree on a few fundamental points: 1) Nobody in his right mind would have put money into CPF for its promise of "guaranteed" return of a meager 2.5% to 4% when it could just change the rules on when and how much you could draw your own money anyhow they like without consulting us. If CPF is not compulsory, I don't think anyone with a right mind would want to RISK their money like that. 2) Government guarantee doesn't mean RISK FREE. Yes, please get this right. The only reason why government can give guarantee to CPF is because if everything fails, it can just print money to repay us. However, that will create hyper inflation that will practically devalue our CPF money altogether....

Full article: http://singaporenewsalternative.blogspot.com/2014/06/opin...

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