Saturday, May 21, 2011

Pricing Singapore property in gold 3

16 Years of Bear Market

In real terms, Singapore's property is undergoing some of the most spectacular crash. But then, wait a minute, why "experts" fail to see this? Besides, ordinary Singaporean are complaining being priced out of real estate bubble. 

Real Wages Fall Faster than Asset

If we are aware that all economist are prostitute, then we would have no difficulties in understanding the truth. Indeed the average Singaporean incur incredulous amount of debt when they decided to own a home nowadays. The main reason is because in terms of gold, Singaporean wages are having an even larger crash.   

Gold is the Real Money

Gold, after years of downside manipulation by central bankers, the free market is reasserting itself. Measured in terms of gold, the wage deflation of workers clearly shows up.

The financial engineering of government, banks and the spin of economist is right now on full power, all out to deceive the angry working class. The era of fiat money is coming to an end. Right now, the financial elite are trying their best to preserve the current rigged system. They will inevitably be overwhelmed by the free market. 

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