Singapore Dollar is worthless Once Brunei Bankrupt

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Singapore Dollar is worthless Once Brunei Bankrupt

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18-02-2016, 12:50 PM

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Singapore Dollar is worthless Once Brunei Bankrupt

An honorable member of the Coffee Shop Has Just Posted the Following:

Dear brothers and sisters,

Brunei is bankrupting soon and very soon they will leave SG Dollars pegging.

i am worried of my cpf money.

Brunei’s Economy Running on Empty

While Brunei has announced a development plan – Vision Brunei 2035 – to build other parts of its economy. Thus far there is little to show for it. Rather than focus on efforts to build sectors outside of the oil and gas industry, Brunei has chosen to pump even more oil.

The clock is ticking for Brunei to achieve its planned goal of a “dynamic, sustainable economy” by 2035. According to the BP World Energy Outlook, Brunei’s oil reserves are projected to run out in 22 years. The repercussions will be felt far sooner.

http://thediplomat.com/2016/02/brune...ning-on-empty/

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