Quote:
Originally Posted by kane
one other question. You say you are not a citizen of Costa Rica. Fair enough. What country are you a citizen of? You like to spout off about how poor the US economy is (and in many aspects of that conversation I would probably agree with you) but lets take a look at your contries economy and see just how much better off it is.
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Sheesh.. got stuff to do, but quick answer...
Both the country I originate from (tho that means nada) and almost all other western countries have a fiscal policy which they manage. This can fluctuate from time to time, but the books are balanced at the end of the day.
The US has pursued a level of uncontrolled fiscal policy for decades and happy hour is over. Prediction? The US will prob end up causing other nations trouble - simply because the dollar will continue to depreciate. The massive imports to the US will cause further damage when paid for by a weak dollar. When spending levels are 160% of wage bills and a government is borrowing $2-4 billion/day from the Central Bank of China alone (estimated to be around 25% of the total daily borrowings) - there is a severe problem on the horizon.
This would be fine if there was a known method of repayment - either from trade surpluses or whatever - but that does not exist.
No other nation in the western world has this level of mismanaged finance (allowing for a pro rata adjustment on GDP) - the writing is on the wall and it's not a pretty picture.
BTW.. This has nothing to do with what country anyone lives in - it's not some friggin contest over nations. I'll leave that element to the Splum idiocy to chat about
