[Napoleon Porlumpar]

What you said is not true for a simple reason.

The scheme pays in Singapore dollars which the govt can always print more if needs.

It does not adjust for inflation....and this can wipe you out jn terms of buying power but scheme will not collapse ...you suffer instead.

Instead of reducing risk the scheme merely pass the risk from govt to the people....exposing them to inflation.

$1300 q month to live on ....until you die? ...inflation can just wipe off buying power quickly.

if PAP can print more money...............why borrow and pay interests ?...............our national debt already more than our GDP.................

we don't own or control our central bank..................it belongs to outsiders..............