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Post by whiplash on Jul 12, 2006 9:32:35 GMT -5
Whether we in the US like it or not; there will be a next time.
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Post by Bantams on Jul 12, 2006 9:53:17 GMT -5
Whether we in the US like it or not; there will be a next time. well i sure hope you dont invite this little nation along next time
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Post by Necrominousss on Jul 12, 2006 22:45:21 GMT -5
War should never be taken off the table as an option.
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Post by Necrominousss on Jul 12, 2006 22:45:41 GMT -5
Some good points on the economy notagoodname. The American citizens could definitely do some improving of the savings rate and vote some politicians in that don't spend more money then we take in. America is rated 13 last I recall in economic and political freedoms, so there is room for improvement. But I would say it is still the most dynamic economy in the world right now.
I would like to know these nations with a higher GDP per person are, if you can name them now, so I may study them.
I disagree with you trade imbalance statement though. Buying good or services that another nation can build cheaper makes good economic sense. Companies can then use that capital saved for other projects.
As far as the highest GNP growth figure means nothing because that is not always a reliable indicator of future growth. All economies have boom and bust cycles.
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Post by Elledge on Jul 12, 2006 22:55:08 GMT -5
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Post by notagoodname on Jul 12, 2006 23:23:26 GMT -5
Some good points on the economy notagoodname. The American citizens could definitely do some improving of the savings rate and vote some politicians in that don't spend more money then we take in. America is rated 13 last I recall in economic and political freedoms, so there is room for improvement. But I would say it is still the most dynamic economy in the world right now. I would like to know these nations with a higher GDP per person are, if you can name them now, so I may study them. I disagree with you trade imbalance statement though. Buying good or services that another nation can build cheaper makes good economic sense. Companies can then use that capital saved for other projects. As far as the highest GNP growth figure means nothing because that is not always a reliable indicator of future growth. All economies have boom and bust cycles. Depends on the GDP per person graph you look at but the fact is Norway (as stated) beats USA on all of them (although the USA is still very wealthy). On raw GDP per capita (not adjusted to take in cost of living) there are a lot more countries that beat the USA other than just Norway. en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29_per_capitaAs for trade imbalance i agree it is not at all a bad thing as it makes good cheaper. The cheap foreign goods on the American (and most western nations for that matter ) market helps lower your cost of living. The downside: "66% of the identified official foreign exchange reserves in the world were held in United States dollars" en.wikipedia.org/wiki/Reserves_of_foreign_exchangeThat can mean that other countries have a lot of sway over you, eg. do XXX or we will flood the market with your currency. In fact these countries that hold most of Americas currency are thinking about dumping it and replacing it with a unified Asian currency en.wikipedia.org/wiki/Asian_Currency_Unit(Not that anyone seems to care but this conversation has gone off topic )
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Post by Necrominousss on Jul 13, 2006 3:36:48 GMT -5
They can't dump the dollar without taking a substantial loss. These countries have an invested interest to keep the dollar from falling. But like all things of that nature, all is fine till the tipping point is reached and panic prevails. I don't see that happening anytime soon if at all, although few do see events of that nature coming.
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Post by whiplash on Jul 13, 2006 6:46:26 GMT -5
This is an anomaly caused by the national oil stipend. Norway has 20 years or so of cash flow from Atlantic oil. The wealth is being shared by the citizens. Iceland? An emerging 21st Century Powerhouse? I don't think so. Luxembourg and Switzerland? Lotta money moves through there with small population.
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Post by mrsaturn on Jul 13, 2006 8:30:23 GMT -5
They can't dump the dollar without taking a substantial loss. These countries have an invested interest to keep the dollar from falling. But like all things of that nature, all is fine till the tipping point is reached and panic prevails. I don't see that happening anytime soon if at all, although few do see events of that nature coming. Don't be too sure, if/when oil begins to be traded in Euros instead of Dollars, the US will be in trouble. The Iranians are trying to create their own oil bourse in Euros- it's the best way they can ruin the US without declaring war or anything. Probably the main reason Bush is complaining about their nuclear program.
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Post by Avogadro on Jul 17, 2006 2:31:50 GMT -5
Canada 7th...but with free health care for all ;D
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