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Originally posted by gwydionblack
Because seriously, logically speaking if all the countries are in debt creating a web of debt back and forth to each other, isn't it literally impossible to ever pull yourself out of the debt without making some kind of deal or simply waving of the said debt?
Quebec ranks only below Japan, Italy, Greece and Iceland in terms of public debt as a percentage of GDP.
Originally posted by seattletruth
Every country HAS debt. The question is whether their reserves are greater than the debt withstanding.
Originally posted by Silver Shadow
The Australian government was completely debt free in 2006.
That is ZERO GOVERNMENT DEBT.
www.abc.net.au...
However since then we have had a change of government, and are now back in debt again, by 300 billion.
www.abc.net.au...
That works out to around $15K per head of population.
Unfortunate, but still manageable.
Originally posted by daptodave
Actually, the fact is we had zero NET government debt. Sounds like you might be a Tony Abbot staffer...
Originally posted by silent thunder
Don't forget, when people talk about a "nation's debt," they may be referring to a number of different things. For example:
-The government debt of a nation (internal and external)
-The trade deficit
-The indebtedness of a nation's citizens or corporations.
Originally posted by aristocrat2
Bhutan is debt fre I understand. It has followed some drastic policies. UNlike other third world couNtries -
- it makes it clear that it DOES NOT WANT TOURISTS. and if you come you must spend $120 plus a day there or face arrest as they DON'T WANT YOU.
- Despite no tourism, (most say because of no tourism and the squallour and VD they leave behind), they have maintained the highest GDP growth rate for the world for nearly two decades, albeit from a staggeringly low level.
- The internet was only permitted in 2006 I believe, primarily to allow people to watch the World Cup.
- Over 60% of the country is a national park.
- And every ten or so immigrant workers who have performed the miracle of getting an immigration visa has an immigration official assigned to them, they are tracked by GPS and thrown out for the slightest things as they DON'T WANT THEM.
- And above all THEY DON"T WANT TOURISTS...unless, of course you are a top engineer or really important financier or bankster looking to invest millions, in which case, THEY STILL DON'T WANT YOU.
- Of course, you could still marry a Bhutan girl, in which case, THEY STILL DON'T WANT YOU.
There are only two pilots in the world that can navigate the narrow passes through the Himalayas to reach Bhutan. Most people there think this is 3 too many, because THEY DON'T WANT YOU.
Alternatively, you could spend several weeks, scaling the world's highest mountains to get there. If this happens, they will truly admire you and to celebrate your achievement, they will deport you as THEY STILL DON'T WANT YOU.
[edit on 11-3-2010 by aristocrat2]
Originally posted by Silver Shadow
If America followed the lead of Bhutan, think how great a nation it would become.
No debt.
No illegal immigrants.
No queers, gays or fags.