Search found 1754 matches

by Sertorio
Sun Oct 14, 2018 3:02 pm
Forum: Current Events
Topic: Great Depression’ ahead?
Replies: 28
Views: 704

Re: Great Depression’ ahead?

...the total debt has grown to dangerous levels. At some point the governments of the US, EU and Japan won't be able to pay. Why do you think this has come about? I put it down to a weakness in the one man one vote system which makes making the unpopular decision of cutting spending impossible. The...
by Sertorio
Sun Oct 14, 2018 9:31 am
Forum: Current Events
Topic: Great Depression’ ahead?
Replies: 28
Views: 704

Re: Great Depression’ ahead?

...the total debt has grown to dangerous levels. At some point the governments of the US, EU and Japan won't be able to pay. Why do you think this has come about? I put it down to a weakness in the one man one vote system which makes making the unpopular decision of cutting spending impossible. The...
by Sertorio
Sun Oct 14, 2018 8:26 am
Forum: Current Events
Topic: A dithering Obama emboldened China
Replies: 52
Views: 2846

Re: A dithering Obama emboldened China

Christianity has a way of bringing the concept of human rights into society unlike Socialism. The pro democracy movements that toppled dictatorships in Taiwan and S Korea were led by Christians. Maybe the Christian lamb will tame the red dragon. While Europeans steadily move away from religion, som...
by Sertorio
Sun Oct 14, 2018 3:33 am
Forum: Current Events
Topic: Great Depression’ ahead?
Replies: 28
Views: 704

Re: Great Depression’ ahead?

...the total debt has grown to dangerous levels. At some point the governments of the US, EU and Japan won't be able to pay. Why do you think this has come about? I put it down to a weakness in the one man one vote system which makes making the unpopular decision of cutting spending impossible. The...
by Sertorio
Sun Oct 14, 2018 3:29 am
Forum: Current Events
Topic: A dithering Obama emboldened China
Replies: 52
Views: 2846

Re: A dithering Obama emboldened China

Christianity has a way of bringing the concept of human rights into society unlike Socialism. The pro democracy movements that toppled dictatorships in Taiwan and S Korea were led by Christians. Maybe the Christian lamb will tame the red dragon. While Europeans steadily move away from religion, som...
by Sertorio
Sat Oct 13, 2018 8:59 am
Forum: Current Events
Topic: Great Depression’ ahead?
Replies: 28
Views: 704

Re: Great Depression’ ahead?

The biggest threat to the world economy is government debt. The US, EU, and Japan are highly in debt. How did this happen? Government debt is only problematic if it is placed abroad. True to some extent. They can always print more money. But you will get inflation. No need to print money. If the in...
by Sertorio
Sat Oct 13, 2018 7:59 am
Forum: Current Events
Topic: Great Depression’ ahead?
Replies: 28
Views: 704

Re: Great Depression’ ahead?

cassowary wrote:
Sat Oct 13, 2018 3:55 am
The biggest threat to the world economy is government debt. The US, EU, and Japan are highly in debt. How did this happen?
Government debt is only problematic if it is placed abroad.
by Sertorio
Sat Oct 13, 2018 7:56 am
Forum: Current Events
Topic: Calling all economists. I need your help.
Replies: 44
Views: 2586

Re: Calling all economists. I need your help.

By 1971, Portugal spent 6.4% to 7.6% of GDP on defense. That's high and a drag on the economy. No wonder Portugal became poor. Defense expediture was 45.9% of the Portuguese budget in 1971. The only reason why Portugal wanted to keep their colonies was that of pride. It made them feel good to have ...
by Sertorio
Sat Oct 13, 2018 5:20 am
Forum: Current Events
Topic: Calling all economists. I need your help.
Replies: 44
Views: 2586

Re: Calling all economists. I need your help.

By 1971, Portugal spent 6.4% to 7.6% of GDP on defense. That's high and a drag on the economy. No wonder Portugal became poor. Defense expediture was 45.9% of the Portuguese budget in 1971. The only reason why Portugal wanted to keep their colonies was that of pride. It made them feel good to have ...
by Sertorio
Sat Oct 13, 2018 5:06 am
Forum: Current Events
Topic: Calling all economists. I need your help.
Replies: 44
Views: 2586

Re: Calling all economists. I need your help.

By the end of the 1960's the war expenses in Africa were 50% paid by local revenues and the ratio of military expenses as percentage of the GDP was decreasing. Which meant that the war no longer was an obstacle to economic growth in Portugal. From a cost point of view we could have kept the war goi...