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  • Originally posted by Hype Job View Post
    The Venezuelan crisis has many factors, the main being the drop in oil prices.
    I'd say them moving to a socialist economic model was the greatest factor, by far.

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    • Originally posted by Sugar Adam Ali View Post
      Common theme is that government mismanaged
      And yet some say the solution is to send the very people who mismanaged it even more money.

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      • Originally posted by 1bad65 View Post
        I'd say them moving to a socialist economic model was the greatest factor, by far.
        Conjecture.....

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        • Originally posted by Hype Job View Post
          Conjecture.....
          Nope.

          They moved to a socialist economy and ended up with shortages in food, medicine, and other necessities.

          Happens every time.

          Dont use big words you don't understand just because you see me using them.

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          • Originally posted by 1bad65 View Post
            Nope.

            They moved to a socialist economy and ended up with shortages in food, medicine, and other necessities.

            Happens every time.

            Dont use big words you don't understand just because you see me using them.
            Conjecture.....

            Comment


            • Comment


              • Originally posted by siablo14 View Post
                What definition do you see when you look up bankruptcy in a dictionary?
                He didn't say bankruptcy though did he?

                I thought he said bankrupt.

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                • Originally posted by Sugar Adam Ali View Post
                  Singphore isn't first world, not by any stretch of the imagination.

                  Iceland got wrecked during the 2008 banking crisis.



                  3. You are so right... just print money! Solves all debt problems.
                  Why doesn't Puerto Rico and Greece and Venezuela just print more money?
                  If printing more money would pay their debts, why would Japan, Venezuela, Puerto Rico be so stupid as to sell debt, when they can just print money...
                  these countries are so stupid,,,,,, You need to be a world leader, obviously a lot smarter then these countries who won't just print money to pay their debts
                  Singapore is not first world?

                  Singapore is rich bro.

                  Wth is your definition of first world?

                  Comment


                  • Originally posted by Hype Job View Post
                    Maybe not, but they're a booming economy with exceptionally low unemployment and similar GDP per capita to the USA.



                    And now they're recovering...



                    You're misunderstanding cause and effect here.

                    Puerto Rico and Greece cannot print money because they don't issue their own currency.

                    The Venezuelan crisis has many factors, the main being the drop in oil prices. Their debt to GDP isn't even half of USA's, which renders your inclusion of it to prove a point about debt to GDP meaningless.
                    Singapore is first world.

                    They have one of the highest gdp per capita in the world.

                    They are heavily industrialized for as small as they are.

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                    • Originally posted by Left Hook Tua View Post
                      Singapore is first world.

                      They have one of the highest gdp per capita in the world.

                      They are heavily industrialized for as small as they are.
                      Tru dat!

                      Thanks for supporting my argument.

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