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| Coffee Shop Talk of a non sexual Nature Visit Sam's Alfresco Heaven. Singapore's best Alfresco Coffee Experience! If you're up to your ears with all this Sex Talk and would like to take a break from it all to discuss other interesting aspects of life in Singapore, pop over and join in the fun. |
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#1
08-03-2016, 12:00 AM
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Coming World-Wide Banking Crisis
An honorable member of the Coffee Shop Has Just Posted the Following:
1. Europe collapse (from Derivatives) ... 2. US collapse (Junk bonds and default on debt) ... 3. PRC collapse (Corruption, asset bubble burst) ... 4. Japan collapse (Zombie companies/banks, world's highest public debt) ... 5. Saudi Arabia (Corruption, collapse in oil price, cash running out) ... 6. Russia (Same as Saudi) ... And ... Singapore - overhung with commercial/residential properties, mostly dead SME businesses, MNC salaries earned mainly by foreigners (flowing out of funds). Many of the asset bubble is funded by the cheap loans coming from US, Japan, Europe and PRC. Matter of time. Click here to view the whole thread at www.sammyboy.com. 
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