Lee Kuan Yew's
Foreign investors upon whom Lee's tiny island dictatorship depends on to survive are not stupid.
They are fully aware of what Singapore is; a tiny one party police state which denies the people fundamental rights, which has a docile subservient judiciary which will do what he says, where there is no minimum wage laws and government controlled trade unions where workers have no rights, an island which is 100% stable, which therefore makes investment very attractive.
They also know that
This is the problem with
To make matters worse, there has been a series of set backs for the Lee Kuan Yew government lately. Last month, they lost a by election with the largest margin in history, almost everyday there are floods island wide with global warming for which they have no answers, the underground system breaking down daily is now discovered to be a Lemon, water has been seeping into underground tunnels after heavy flooding and yesterday 4,000 people came out in a rare protest against government threats to increase immigration even further to a population of 6.9 million.
To top it all, the dictator has been hospitalized today with a "mini stroke". And we all know that this is usually the precursor to the knock out blow of a real stroke, finishing the man off.
I am not sure if there is already activity in the island's financial sector of investors pulling their money out, but I won't be surprised if it has already started. Remember, in 2010 just because I had written a hoax in this blog of Lee suffering a massive heart attack, the Singapore stock market actually fell slightly and only recovered after I had made it known that it was a hoax a few hours later.
Since this time it is the real thing, Lee Kuan Yew has actually suffered a "mini stroke", I expect the discerning investor to begin pulling his money out to be safe. Once the flood of foreign investment out of
If I was a betting man, I would say the time has come to pack up and leave the sinking ship. The SS Singapore is already listing 20% to starboard and has begun to take on water below the water line. This is not the time to be playing musical chairs like the Titanic. The time is now to pack and leave. The total sinking is not far off. Remember the man has already had the first "mini stroke". The next one would likely knock him off. And at that time, you don't want to be caught with your pants down!
Attorney at Law
A Singaporean in Exile
Tel: 510 491 4375