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The US is debt laden, not Spain.
As to dictators, I don't remember any.
Franco in Spain (where the royal family even had to flee, and they lived in Cascais, Portugal near Lisbon for like a decade or so) and Salazar in Portugal
We get it, you're one of those Northern Europe obsessed Americans
I stand corrected, I was wrong, apparently Repubocrat is not not American, he's a Brazilian that emigrated to the US and become an ultra libertarian/conservative that has an extreme hatred of anything even remotely resembling liberalism.
There's also a certain subset of Brazilians that hate and blame Portugal for all of Brazil's woes and difficulties and it looks like he's one of those as he bashes Portugal any chance he gets.
Last edited by Winchupuata; 09-18-2014 at 02:04 PM..
I stand corrected, I was wrong, apparently Repubocrat is not not American, he's a Brazilian that emigrated to the US and become an ultra libertarian/conservative that has an extreme hatred of anything even remotely resembling liberalism.
There's also a certain subset of Brazilians that hate and blame Portugal for all of Brazil's woes and difficulties and it looks like he's one of those as he bashes Portugal any chance he gets.
I love the idea of this Brazilian masquerading as a gun-crazy redneck teabagger like a real-life Uncle Ruckus.
Franco in Spain (where the royal family even had to flee, and they lived in Cascais, Portugal near Lisbon for like a decade or so) and Salazar in Portugal
The royal family fled because leftists/republicants wanted to cut their neck in 1931. Franco was not a dictator.
The US is debt laden, not Spain.
As to dictators, I don't remember any.
External debt = Public debt+Private debt.
Public (government) debt makes up about 98% of total external debt, private debt is miniscule.
The US is NOT debt laden, Its debt is average in size compared to most countries in the world.
In fact:
Most developed countries run a high Public debt I.e. Japan running at over 226% of total GDP.
Most underdeveloped countries run a low Public debt I.e. Liberia running at about 3% of total GDP.
According to the IMF, a number of countries face heavy debt burden, such as Buthan (an estimated 100% of GDP in 2014,) Eritrea (123%,) Grenada (112%,) Jamaica (139%,) Lebanon (136%,) Maldives (122%,) Singapore (101%,) Saint Kitts and Nevis (133%,) Sudan (115%,) and the United States (114%.) (Spain is 105, but the country is not in crisis anymore and Chinese don't control public debt).
I'm citing countries that according to the IMF, could face problems in the future. Not citing Japan, that traditionally always had a very high heavy debt.
Plus, "private debt" in the US is atrocious, trillions, plus held in not very friendly hand. Those countries can influence in the sovereignity of the US (and the western world) by flooding t bills.
According to the IMF, a number of countries face heavy debt burden, such as Buthan (an estimated 100% of GDP in 2014,) Eritrea (123%,) Grenada (112%,) Jamaica (139%,) Lebanon (136%,) Maldives (122%,) Singapore (101%,) Saint Kitts and Nevis (133%,) Sudan (115%,) and the United States (114%.) (Spain is 105, but the country is not in crisis anymore and Chinese don't control public debt).
I'm citing countries that according to the IMF, could face problems in the future. Not citing Japan, that traditionally always had a very high heavy debt.
Plus, "private debt" in the US is atrocious, trillions, plus held in not very friedly hnand Those countries can influence in the sovereignity of the US (and the western world) by flooding t bills.
Your post is too convoluted, It would take me forever trying to explain Economics to you.
First off: The IMF would be the last institution to get reference from, since they are too tied up with the banking system and wall street, the IMF looks out for their interests not the whole country's interests.
Secondly: Developed and highly industrialized countries like Japan and the US can handle high debt, as Japan has been doing for the last 20 years with NO problem.
Small and less developed countries can not handle high debt, since their industry and their human resources does not allow it. That's is why most of them run low debt.
Then you say: "private debt" in the US is atrocious, plus held in not very friendly hand.
Private debt is held by banks mainly. Private debt can be student loans, credit card loans, car loans, mortgage loans. I do agree that banks do not have friendly hands when you can not pay them. However they can always get a government bailout and do not have to pay it back.
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