tag:blogger.com,1999:blog-6399730406480392183.post8952147272062297555..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: 'Til Government Debt do us partA Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-6399730406480392183.post-37914961446518360782010-12-13T12:19:13.691-04:002010-12-13T12:19:13.691-04:00Russia's dept is not 5% of GDP, it's maybe...Russia's dept is not 5% of GDP, it's maybe near 50%. Make new calculations.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-51044644028060318942010-12-08T18:13:37.868-04:002010-12-08T18:13:37.868-04:00These numbers are totally useless.
concentrate on ...These numbers are totally useless.<br />concentrate on %GDP, what has to be rolled over and when. <br /><br />The UK has a lot of long term debt and while in the next 2 years $10trillion is required globally for debt, the UK is near the best in %gdp terms - better than Germany even. <br /><br />Only Australia and a few scandinavian countries are in a better position and they are small economies with small currencies so cannot borrow so much in the first place.jsnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-21695748847824244802010-12-01T12:24:10.926-04:002010-12-01T12:24:10.926-04:00Spot on!
Your blog is probably one of the best out...Spot on!<br />Your blog is probably one of the best out there.<br /> 2 Questions:<br /><br />1. I saw this graph below and as far as I understand around 50% of the debt of troubled countries is in the hands of Germany, UK and France. roughly $1.5 trillion (which makes it very sensible to give them bailout so they wont default). Cant they just restructure the debt to make it more sustainable? <br />http://www.nytimes.com/interactive/2010/05/02/weekinreview/02marsh.html<br /><br />2. On the pessimistic scenario of domino effect default in europe (if the PIGS go down, they all will as their budget comes from getting their loans back)...did it ever happen?Unknownhttps://www.blogger.com/profile/00430452038953612945noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-77062793382175392022010-11-26T19:37:26.298-04:002010-11-26T19:37:26.298-04:00Perhaps the real problem is fiat currency?Perhaps the real problem is fiat currency?A Political Junkiehttps://www.blogger.com/profile/03342345936277964422noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-89012374556343145422010-11-26T12:45:13.064-04:002010-11-26T12:45:13.064-04:00Properly understood, state deficits are a necessar...Properly understood, state deficits are a necessary and benign feature of fiat money systems.<br /><br />The problem is that the vast majority of people think about them within an inappropriate mental framework.<br /><br />For further information:<br /><br />http://moslereconomics.com/<br /><br />http://bilbo.economicoutlook.net/blog/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-17438428110181687572010-11-26T11:27:03.817-04:002010-11-26T11:27:03.817-04:00?Impact
I know, it's really difficult to pin ...?Impact<br /><br />I know, it's really difficult to pin these numbers down and Canada's debt is one of the hardest. I've just been using what government's advertise on their websites but have no way of checking the veracity of what they say. As well all know, accountants can make numbers dance pretty much any way they want and government accountants are no different.<br /><br />Thanks for the link.A Political Junkiehttps://www.blogger.com/profile/03342345936277964422noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-79084737122990578492010-11-26T09:09:49.550-04:002010-11-26T09:09:49.550-04:00Each other - so it cancels out????!!!Each other - so it cancels out????!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-83482024680659243972010-11-25T18:50:27.530-04:002010-11-25T18:50:27.530-04:00To whom is all this debt owed?To whom is all this debt owed?Bumphhttps://www.blogger.com/profile/17806050032008540935noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-30590584371265007812010-11-24T19:16:28.419-04:002010-11-24T19:16:28.419-04:00Sorry, make that $1.64 trillion - but what's a...Sorry, make that $1.64 trillion - but what's a few zero's between friends.?Impacthttps://www.blogger.com/profile/17637473637910319787noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-80171981442061833472010-11-24T17:39:11.165-04:002010-11-24T17:39:11.165-04:00When comparing public debt between countries it is...When comparing public debt between countries it is very important to include all public debt (federal, provincial/state, and municipal). This is the only way to make an accurate comparison, as there are vast differences in how countries structure their finances. A perfect example is health care, in many countries it is a federal responsibility where in Canada it is provincial responsibility with some federal funding.<br /><br />You might want to start at: http://www.fin.gc.ca/frt-trf/2010/frt-trf-1008-eng.asp#tbl51<br /><br />Which lists our total liabilities as $1.64 billion or about 3 times what you use and in line with the U.S.A.?Impacthttps://www.blogger.com/profile/17637473637910319787noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-21191227135805078132010-11-24T16:02:07.130-04:002010-11-24T16:02:07.130-04:00Canada provinces have debts to. Add those in and ...Canada provinces have debts to. Add those in and Canada has a much more debt per capita.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-36468155144490369592010-11-23T23:58:44.722-04:002010-11-23T23:58:44.722-04:00Good article...but I given up on my home country (...Good article...but I given up on my home country (US) ever paying off its debt. It's default, either via inflation or collapse. Until then the the gov will attempt to 'kick the can down the road' for as long as possible.<br /><br />As for me, I've given up any 'traditional' investment/savings plan. These days its all about hard assets with as little as possible in paper assets ... 'cause paper is going bye bye.<br />There's just too much paper claiming to back an increasingly finite amount of 'things'.<br /><br />Actually this delay before the SHTF is welcome as I'm busy as a beaver in preparing for a world that's going to be an absolute, mind blowing shock to 95% of the US public.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-9847228809737172372010-11-23T23:12:40.796-04:002010-11-23T23:12:40.796-04:00Spot on!
Politicians created an artificial prospe...Spot on!<br /><br />Politicians created an artificial prosperity to buy our votes. Now they want to try and keep it floating out there so that we don't turn on them. But to do that they just incur more debt and hope inflation will magic away old debt and old spending. Difficult when you are also trying to hold inflation down.Anonymousnoreply@blogger.com