Cameroni

Lol, yeah, I'm going to take the word of an anti-putin Youtuber over the IMF, The Economist and the BBC. Of course I will.

Yes, quite the reduction. All paid for by the German consumer who's had energy bills to pay that would give the average elephant a heart attack. There's no solution to the German energy issue still, importing gas from Norway and the middle east, very doubtful this could ever be cheaper than Russian gas. Hopefully they'll revive the Nordstream pipleine when the Ukrainians and Russians have negotiated peace, as they undoubtedly will.

Exactly right. It does seem counterintuitive, all the countries borrowing from each other to finance their social services.

That's true to some degree, but France has the same problems as Germany, UK and the US, in terms of how to pay for the health servicing of the old population and above all their pensions. This is financed by going to the capital markets as well, because contributions and investments from those do not suffice to pay the costs. The problem with the high taxation model is how can it possibly be sustainable with negative birth rates in the long term? People have ever less purchasing power but are taxed ever more. It's a terrible cross to bear for the young people while the old enjoy their pensions.

They're probably afraid Kamala will again laud the strong alliance with the republic of North Korea.

But still importing it via Belgium and Netherlands, lol.

Their research has to serve billionaire investors and hedge funds, you can bet your bottom dollar it's better than Statista's.

Yes, that's true, but in the end there is a price for living off the largesse of others. As long as the US can live a life of excess and get others to finance it, they will continue to do so. Interest is a small price to pay for the benefits.

It's a very particular issue the deficit, because it's not the same as a deficit in your personal budget. In the end the US is borrowing to countries, who can never enforce, but they keep coming back for more IOUs. i totally agree there's no difference between Harris, Biden or Trump in terms of the deficit, they all NEED it to finance their grandiose plans. And in fact just to keep the country going and to service the old people. Interest, yes, there is a price for living on other people's money, but ultimately it's a sweet deal, the US is living a life of excesss on other people's money.

Sure, countries like Russia, China, and even Germany, are taking steps to be less exposed to American use of the dollar as a political tool. However, they can only achieve minor success in this. There is no way in human imagination that the dollar will be knocked of its top spot by China or Russia or the Euro any time soon. I trade Forex, and I can tell you even now, if the Dollar sneezes the rest of the world catches a cold. All currencies are basically derived of how the Dollar is doing. There may be less influence for the dollar, but it will still be the undisputed King for a very long time.

Of course there's no difference. In fact the gigantic borrowing is what makes big government possible, if it stopped Democrats' policies would be impossible to implement. But then with the increasing number of old people, who can solve this issue without borrowing? Can't be done. All nations are going to the capital markets to finance their spending. The alternative would be to let old people die. Or force them all to emigrate to Thailand.

First, we’re an outlier in how small our fiscal footprint is. Compared with the rest of the world, we don’t tax and spend much. Second, raising U.S. revenue levels to the average level of our peer countries would raise the equivalent of $2.61 trillion, roughly five times the amount needed to close the fiscal gap. Importantly, places like France and the Nordic countries collect this level of high revenue while still delivering reliable growth in living standards. These rich, high-functioning countries don’t seem hampered by excess taxation. https://www.epi.org/blog/could-tax-increases-alone-close-the-long-run-fiscal-gap/

Yes, I know but not in a serious way. By "endangered" I mean, the debt rating are so bad that no country wants to buy American debt. That's nowhere near happening. https://www.statista.com/statistics/246420/major-foreign-holders-of-us-treasury-debt/ If foreign countries keep funding the American lifestyle of excess, all is well.

Posts like this make this site worth the visit. New fan here.

Thanks, how about finding UK/European products, bread etc in Supermarkets, like you can in Chiang Mai, BKK, is that possible in Cambodia now?

The Russian economy is doing fantastically well at the moment. Well, at least according to the BBC, the International Monetary Fund and the Economist. But I'm sure you have better information, just share it. Russia to grow faster than all advanced economies says IMF An influential global body has forecast Russia's economy will grow faster than all of the world's advanced economies, including the US, this year. The International Monetary Fund (IMF) expects Russia to grow 3.2% this year, significantly more than the UK, France and Germany. https://www.bbc.com/news/business-68823399

Americans don't care about their deficit for one good reason. They don't need to. America is rich beyond imagination. If America wanted to, they could pass corporate tax tomorrow that would wipe out the deficit. But why would they do such a thing? Many economists think the budget deficit doesn't matter, apart from generational inequality. Whilst America is still the most powerful ecnonomy in the world its debt ratings are not endangered and the Dollar is still the undisputed King. Why worry about the deficit at all? https://press.uchicago.edu/Misc/Chicago/751120.html

Indeed it does. I think there are 2 reasons. Firstly, Russia is still convinced it can win by conventional means, it will just take longer. After all their economy is 10 times the size of Ukraine, and doing incredibly well right now. Whereas Ukraine, well..., their economy is pretty much destroyed and there are already signs the Western nations are reconsidering their funding bonanza for Ukraine. Secondly, and this one is more important, Russia sees itself as a highly cultured nation, and does not want to be seen as the nation that proliferated nuclear war. Russians actually care what others think, despite acting as if they don't. I don't think Putin wants his legacy to be that he unleashed nuclear war either. He would only use nukes in extremely dangerous circumstances. And currently Russia is not seriously endangered.

Nobody wants a nuclear with Russia, which has over 5000 regularly serviced nuclear weapons. That is why the US, Britain and France are pussyfooting about and not sending troops into Ukraine. The fact that Macron even talked about it shows that he's dangerously insane and should be removed from power as soon as possible. Putin is definitely not stupid, which is why he and his advisors know that they could drop nukes on Ukraine and the West could never respond. Lest they risk nuclear war with Russia, which is equal to suicide.

Lol, sure, I think I'll rather rely on Goldman Sachs than "Statista Market Insights"...tssssk

Total nonsense. If Russia uses nukes in Ukraine the West could never respond. Because they know a nuclear confrontation with Russia could mean annihilation. Why would America et al be so careful not to put troops on the ground? Because they want to avoid a war with Russia.

Just out of curiosity, why did you decide on Cambodia? Apart from keeping the family at bay, which is always a genius move.

If anyone wants to learn about lying, they should get a Filipina girlfriend. It's no exaggeration to say that Filipinas are the most unscrupulous liars you will ever have the misfortune to meet.

Not at all, if the Hydrogen ICE comes, the ICE will survive, albeit in somewhat modified form. You just don't know all the cutting edge research on hydrogen cars, that's being done in universities and car manufacturers, that's hardly surprising. As for EV's progressing every month, well not according to Goldman Sachs: So "Sales momentum for electric vehicles (EVs) is slowing globally, and hybrids (HEVs) and plug-in hybrids (PHEVs) are proving more competitive than first thought." "For one, we’re seeing rising concerns around EV capital costs due to lower prices being realized for used EVs. In the UK, for example, EV used car prices have fallen sharply in recent months. Two, uncertainty around a number of elections this year has decreased visibility on potential changes to government policies affecting the EV industry. The third and final concern is around a shortage of rapid-charging stations. As EV penetration accelerates, rapid charging station infrastructure issues have emerged as a tangible problem. Several automakers have said that concerns about driving range and charging infrastructure are increasing. These issues may lead consumers to have second thoughts about buying an EV." https://www.goldmansachs.com/insights/articles/why-are-ev-sales-slowing So electric cars clearly on the decline, hybrids on the up and hydrogen cars the next big thing.

Of course not because Hydrogen cars would have a significant number of advantages over Bevs. Oh don't worry, they will come in the millions. Just a question of time.