The New Place

...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...

...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...

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...

...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...

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...

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...

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 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 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 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...