Originally posted by Hype Job
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Originally posted by Sugar Adam Ali View PostSingphore 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 rich bro.
Wth is your definition of first world?
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Originally posted by Hype Job View PostMaybe 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.
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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