Money Market and Presidential endorsement
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by Flaco Jimenez
The current state of the SGD is declining in value. The proper course of the government is to retract the monetary supply in order to maintain the value of currency. The last few administrations have printed too much currency and left the money market open to speculation.
I ask the government to use the Treasury to retract 25K SGD from the market. This currency can be reintroduced at a future date as needed. The lack of monetary market control is not a sound principle for economic growth. As the value of currency should never be volatile but kept as stable as possible.
.02 gold per SGD is sustainable even in tough economic times with careful management and a dedicated finance minister.
On an unrelated note the SRP is equally divided on choice of Presidential candidates. As such the party will not endorse a candidate for this election, but personally I wish all candidates the best.
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The problem with retracting currency is that if the money is needed, it is not available as it hasn't been printed or released. The global economy is in the toilet and eSingapore has so far fared better than most nations in this game due to its fairly closed off markets and its level headed approach to containment.
eSingapore is going to hurt for money, as all nations are hurting for money. The change over to the V2 economy did not go as planned by the admins and is in the process of being corrected in drips and drabs.
the only real efforts they have made are for food and housing markets. Perhaps they think the weapon market fix will come in the afftermath?
support me for lulz