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exiled CITY AFC

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#1
16/04/2017 at 19:00

https://ourworldindata.org/a-history-of-g lobal-living-conditions-in-5-charts/

Let it never be said that I was silent when they needed me - William Wilberforce 

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Obadiah

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#2
16/04/2017 at 19:13

Where's the chart showing debt? Or isn't that important? 

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candw

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#3
17/04/2017 at 08:25

You seem to happily ignore the achievements of Soviet, Chinese, Cuban citizens in the Literacy, Education results.

Obi mentioned debt; if it's not important we should borrow more to build a few houses.

CLUELESS:THE ETHIOPIAN, IN THE TOWER, WITH THE FRIDGE 

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candw

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#4
17/04/2017 at 09:14

You seem to happily ignore the achievements of Soviet, Chinese, Cuban citizens in the Literacy, Education results.

Obi mentioned debt; if it's not important we should borrow more to build a few houses.

CLUELESS:THE ETHIOPIAN, IN THE TOWER, WITH THE FRIDGE 

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exiled CITY AFC

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#5
17/04/2017 at 16:58

I am sure debt is important to mature western democracies still trying to live the high life when their GDP is not what it used to be.

Maybe a small price to pay for such massive success against extreme poverty and almost erasing infant mortality.

The Cubans have done great wih their literacy haven't they?

You can't sell the ability to read for much unles you are Stephen Fry 

Let it never be said that I was silent when they needed me - William Wilberforce 

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essexgull

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#6
17/04/2017 at 18:43

Quote Quote by Obadiah on 16/04/2017 at 19:13
Where's the chart showing debt? Or isn't that important?


As it's largely 'invented', I'm not sure it is important anymore.

Debt will never be paid down.. it physically can't be.. China's hidden debt through its secondary banking market - the mechanism largely used to raise capital for the growth the last 15 years - eclipses the world GDP for several cumulative years.

I've no doubt the bubble will deflate slightly on several occasions as the world economy has crises of confidence, but realistically it's never going to end - who really gains from it ending? The wealthier the country, the more reliant it is on debt - both for borrowing itself and for getting an income from.

My personal economic view is that the total debt is now focused on too much and perhaps time to accept that it will grow indefinitely.


EG 

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exiled CITY AFC

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#7
18/04/2017 at 08:04

I think debt is important if it is used to prop up or buy depreciating assets.

If it is being used by the less well off to raise productivity or invest in more rapidly appreciating assets then that is your credit rating working for you. If not it is your credit rating deluding you.

I believe our UK economy is the latter.  

Let it never be said that I was silent when they needed me - William Wilberforce 

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