Dear Piotr, i was in USA this month begin and i see how this economy do not care about others countries...
China and USA can do whatever they want, who can say something to them?
The problem is here in Europe!
Too many different country are not finding a solution of economy trouble, so the main word is saving and put people on poverty...
I believe USA and China will not put their people on poverty, so thats why they are pumping economy and this is good thing compare with EU thats is unable to do it and just ask always to pay more tax and get less money!
The economy is a chain, if the consumers have no money, they will not buy anything, so company will have nothing to sell and recesion happen!
My friend, both of us need to move to USA to get what we deserve...
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If you move to the USSA, you will get what you deserve. I call it "hell." :-)
@intellihandling
I live in France, am not rich, so I believe I can comment fairly confident of what I say. Inflating the economy is NOT good. Yes, the word is to keep the national spendings under 3% because that is the level where the nation can't catch up with its debt, and finally end up like Greece has ended up. China won't put its people to poverty? I think you seriously need to take a trip there. As for the USA, is the size of a super nation gives them flexibility... however, don't believe that it's an almighty shield when badly handled, the economy will explode.
It's because we're aware of the debt inflation, and the state's debt that in Europe, our economy is relatively more stable than it was when we were different states.
@intellihandling @dennyfloro
I am an American and would not encourage either of you to think somehow the USA is going to escape the consequences of what @crypto.piotr is writing about here in his post.
The financial challenge we face is (IMHO) greater than understood by most Americans. And I further believe that it does not matter whether there is a Republican (today) or Democrat (tomorrow?) in power. Politically speaking, the honest solution to our financial woes is greater than anyone is prepared to even acknowledge, let alone address ...
As with much of the world, if “we the people” were told the truth of what it would take to get out of this mess, we (collectively) would say, ”What?! That can’t be the answer! I’m not doing that …”
@roleerob I believe you must have mistaken my post's meaning.
I don't believe Americans will get out of this crisis anytime soon. It's not some finger-snapping kind of problem. Plus, from what I've heard, a certain someone could be reelected. If that happens, before the economy is a problem, democracy in and per itself will be a bigger issue, I think.
Okay @djennyfloro, perhaps, but ...
... my primary point remains the same. It does not matter who is elected. The financial problem we face is greater than either party or any elected official ...
Thank you for your amazing comment @roleerob
Dear @djennyfloro, thank you for your answer, but this matter of 3% Is the warm of poverty...
I was in China in january and i can tell you they have Better economic Life, but they pay for It with limited Freedom, no facebook, Google, WhatsApp, only WeChat which gave to chinese goverment the pass to check users.
I was in Usa 3 weeks ago and they live in another world, their president gave them guns and limitations of immigrants, this Is what they Need, living in their Happy world with no caring that much what Is going on in other countries....
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Many US citizens are not only blind to the outside world, they're also oblivious to what's happening in their own country.
Dear @djennyfloro
Thank you for your great comment.
Is this problem with not being capable of paying debt really related to those 3% national spendings? Isn't more related to ratio between debt and GDP? Just wondering.
Recently I've bumped into this site: https://www.usdebtclock.org/world-debt-clock.html
It does shows debts of all major countries and I noticed that with few exceptions everywhere debt is increasing. However 4 countries (including Poland and Germany) seem to have their debt going down.
And I was wondering how could that be possible? Also I realized that Poland has very good ratio between debt to GDP (around 50%), which is great comparing to countries like France (107%) or Italy (147%). Not to mention JApan (261%).
I found it so confusing. It would suggest that Poland have more stable economy than majority countries out there. Looking at those numbers could even suggest that Japan is serious financial trouble.
Mind sharing your thoughts?
Yours
Piotr
Hi @crypto.piotr
I'd rather not step into deeper depth, this is not my field of expertise, and rather than to spurt nonsense, I'd rather simply say that I was explained about the 3% by someone who is great in Finance & analytics.
I was not able to retain the entirety of his explanation, but it made total sense. I'm much too unfamiliar with English acronyms overall to fully understand your answer too, so I'll look into it too.
Friendly,
DF.
Dear @djennyfloro
I just realized that I never actually thanked you for your amazing comment. I absolutely appreciate it.
Perhaps you could also visit my latest post and share your own view on discussed topic. I would love to hear your opinion.
Yours
Piotr
Move to the USA im sure you were joking here Piotr. Lol. The most dangerous county in the world at the moment. 😁
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Do you consider USA to be the most dangerous country in the world @andyjem?
In what sense?
Yours, Piotr
Manly due to its foreign policy and intervention in the business of other sovereign countries over the last70 years
It has caused more unrest in the world by use of it military might than any other country.
It has set its self up as the worlds police without invitation.
Apart from its invasions of country across the middle east. Its latest withdrawal from the nuclear deal with Iran has put the world in real danger of a global war.
All this has been based on its greed for world dominance on oil. NOT on its compassion for the people of the countries. Every county it has invaded has been left much worse off.
It has become no more than a bully. Forcing its will on people that dont want it.
In the 21st century we should be looking to build closer ties and better dialogue.
Bombs and bullets are not the answer.
From a very young age we are told at school that fighting will solve nothing and are punished for doing so.
Then our leaders do the exact opposite.
Double standards don't you think.
In every religion the words 'thou shall not kill' come up.
Why is it ok when it is state sponsored?
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Hi @andyjem
Thx for your comment buddy.
ps.
Please use some "enter" from time to time to separate sentences :) Please make it easier to read.
Yours
Piotr
Ha ha yes sorry for not using space very much.
I use my phone and do forget.
I will do better next time lol 😁
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You made me laugh so bad just now hahaha
Coach @crypto.piotr to the rescue 😎😎
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