Singapore Summit 2020 - 'Anticipating A New World': Dialogue with Tharman Shanmugaratnam

[@bongky18]

This man has such amazing insight.

[@tretiak4197]

Always love DPM Tharman.

[@denisechan5992]

Seriously is lifelong Learning means taking courses to change an accountant, an administrator etc to a nurse, security guard, gardener etc.

[@arcencielc2065]

Salute DPM Tharman.

[@dhana7373]

What? my choice of for a single GRC..that is why I always joke about maturity of domestic politics. It always Business as usual on all cross borders 💝

[@denisechan5992]

Governments all over the world are borrowing, who are the lenders?

[@hottting]

From each of their central banks?

[@johnli6782]

Borrowing is always from some entity and the people it represents. At its essence, it is always borrowed against some future productivity. A mortgage is you borrowing from your own future ability to pay it back. The bank is merely a vehicle to assist in that process. If you don't demonstrate your ability to pay yourself back in the future, the bank will not take the risk of servicing you. So. If the US Bank notes are all owned by US citizens, the current population of US citizens is borrowing from their future generations. If the US bank notes are owned by other nationals, the US citizens are borrowing against future productivity of those other foreign nationals. Present borrowing is always against future productivity.

[@ona2779]

@@hottting Its people. People, ordinary people are the lenders.

[@airemeister]

Penetrating insights as usual from Tharman.