Philip Ang – Beware Ponzi scheme may blow up soon

Philip Ang wrote a piece with figures to support to warn Singaporeans
about the risk of the CPF Ponzi scheme blowing up. How reliable were
the numbers he put up is debatable as what he could do was to
extrapolate from the limited data available. The truth or data as to the
financial health of the CPF money is not readily available. The
soundness of the CPF savings is as good as the govt’s