*Conclusion* Any rudimentary analysis of Temasek and Singapore finances should be struck by two glaring facts. First, Temasek claims of 17% annual returns forMessage 1 of 1 , Apr 18, 2012View SourceConclusionAny rudimentary analysis of Temasek and Singapore finances should be struck by two glaring facts. First, Temasek claims of 17% annual returns for 35 years is so far outside the range of any ordinary investment return as to warrant skepticism. Second, Singapore is the only known country in human history to simultaneously run large and sustained budget surpluses and become one of the most indebted countries in the world today.Scenario #1: Assuming Temasek Returns and Singapore Finances Are Perfectly Accurate1. Temasek has established the greatest institutional track record of investment, possibly, in the history of human existence.2. Singapore maintains large unreported asset holdings that by conservative estimates could top $1 trillion SGD or $800 billion USD from accumulated historical budget surpluses and financing operations.3. Given the current estimate of $650 billion SGD of combined assets under management between Temasek and GIC, this results in an upward revision of assets under management by at least $350 billion SGD or $275 billion USD. Given numerous assumption parameters, this should be considered a very conservative estimate.Scenario #2: Assuming Temasek Returns and Singapore Finances Are Not Perfectly Accurate1. Temasek is reporting inflated returns by using methods that do not represent standard accounting practices.2. Singapore has inaccurately reported public finance data on revenue, expenditures, surpluses, total outstanding indebtedness, and asset holdings to bolster its perceived credit risk and the state of its public finances.3. Either by over reporting surpluses and the returns earned or underreporting its total assets, Singapore and the two sovereign wealth funds under its management have not accurately accounted for its finances to the public. The amount of the missing funds should conservatively be estimated $275 billion USD or $350 billion SGD. The missing funds may be located in a variety of places such as in poor investments returns or unreported asset holdings.In short, due to the large government budget surpluses and the increased debt, it seems highly improbable that the current numbers published by the Singaporean government and markets can be reconciled either to external data or to each other. If investment returns and public finance data is accurate, there must be an enormous pool of unreported assets controlled by the Singaporean government. If investment returns and public finance data as currently published is inaccurate, this represents a serious problem.-->>>>>>>>>> TO HELP ME, COMPLETE THESE STATEMENTS, THANKS: http://roberthorequestforstatements.blogspot.com/My wife, an accountant, then a manager in an MNC drawing a 5-figure salary before she retired, can confirm that I write the Truth in all these. <<<<<<<<<<RH: LKY LHL WKS ELECTION RIGGINGS EMAILED TO ALMOST ENTIRE GOVT:
ME ON VIDEO DESCRIBING lky lhl wks NUMEROUS ELECTION RIGGINGS + PoBoB and CCTV Ideas:
MY ACQUAINTANCE, MR DAVID DUCLOS, A FORMER POLICE INSPECTOR, AND HIS LAWYER FRIEND, EYEWITNESSED LEE KUAN YEW RIGGING THE 1997 CHENG SAN GRC ELECTION. READ MORE AT MY BLOG ENTITLED "I CAME, I SAW, I SOLVED IT" :http://i-came-i-saw-i-solved-it.blogspot.com/
MY ONLINE POLICE REPORT ON LKY LHL WKS CHEATING ELECTIONS:
a. MY SWORN AFFIDAVIT OF 16 JULY 2010:
http://i-came-i-saw-i-solved-it.blogspot.com/2010/07/my-sworn-affidavit-of-16-july-2010.htmlb. SWORN EXHIBIT IN SUPPORT OF AFFIDAVIT:c. SOME LEGAL PRINCIPLES ON WHICH I GROUND MY CASE:d. THE PATTERN OF CRIMINAL WRONGDOINGS THAT PROVES MY CASE;e. 3rd EMAIL TO UK PM FOR OBSTRUCTING, PERVERTING JUSTICE:"THE PRIMAL FEAR OF A SUPERIOR MIND"