China has bailed out a few countries more recently. Something no one other then the US had done.
Saudi Arabia may go broke before the US oil industry buckles
- Thread starter Twila
- Start date
China has bailed out a few countries more recently. Something no one other then the US had done.
Who do you think is going to be bailing out Canada in a few more years after selfie boy gets finished spending all of its Petro dollars??
We are on the cusp of a global economic shift. This oil price drop doesn't just happen for no reasons. There are huge monetary shifts happening.
My guess is China
My guess is China
Funny how I also predicted he would win a majority back a few years ago when he won the party leadership.
A prediction I made on these forum boards.
Everyone laughed at my prediction.
The US is a debter nation, if China called in it's markers from the US they would not be able to pay it and they would become so poor they would be asking Haiti for some aid.
I re posted it quoting myself
The US is a debter nation, if China called in it's markers from the US they would not be able to pay it and they would become so poor they would be asking Haiti for some aid.
Yes that a impressive economical super powerful economy. I agree.
Willful nonsense, all that has to happen is the giant oil companies need to stop
shipping Arab oil into our refineries and making huge profits while putting our
people our of work. Refine Canadian oil and sell it don't do world pricing and screw
the Arabs not hard to do if guts oh political will is there
shipping Arab oil into our refineries and making huge profits while putting our
people our of work. Refine Canadian oil and sell it don't do world pricing and screw
the Arabs not hard to do if guts oh political will is there
Yes, BIG problem for the US. Your county isn't $16 trillion in the hole. The US REAL debt is closer to $65 trillion in the hole. To put it bluntly, the US govt would have to sell off 100% of their holdings/assets. Every single corporation in America would have to sell off 100% of their assets. Every other business in America would have to sell 100% of their assets, and about two-thirds to three-quarters of the population would have to sell off 100% of their personal assets just for your country to break even. And that doesn't even touch the deficit.
The US might have something like 40% of the world's wealth, but it owes 99.9% of that in debts.
But...but...if we stop producing oil, we'll be helping to save the planet.
Because you don't owe me any money. :razz: And just consider yourself lucky you don't. I'd bust America's kneecaps if you guys were into me for that kind of dough for that long. :lol:So why don't y'all collect.
The U.S. is basically - um, not even basically - it is broke! It's using borrowed money to pay their daily bills so it's not even for things like infrastructure and such. You can't continue borrowing like that - something's gotta happen and it will.....eventually. The politicians are covering up just how bad it is.
JMHO
JMHO
The US has a large capacity to pay its debt as shown by the Debt to GDP Ratio.
Canada is just behind the US in Debt To GDP Ratio.
After selfie boy gets finished with his budget promises, Canads will have a larger Debt to GDP than the US.
Greece 179.00 Dec/15
Lebanon 134.41 Dec/14
Jamaica 132.72 Dec/14
Italy 132.50 Dec/15
Portugal 129.10 Dec/15
Cape Verde 114.22 Dec/14
Cyprus 108.40 Dec/15
Belgium 106.10 Dec/15
United States 102.98 Dec/14
Spain 100.70 Dec/15
Singapore 99.30 Dec/14
Bhutan 98.90 Dec/14
Ireland 98.40 Dec/15
France 96.20 Dec/15
Euro Area 93.50 Dec/15
Egypt 90.50 Dec/14
Jordan 89.00 Dec/14
United Kingdom 88.60 Dec/15
European Union 87.20 Dec/15
Canada 86.51 Dec/14
Austria
Canada is just behind the US in Debt To GDP Ratio.
After selfie boy gets finished with his budget promises, Canads will have a larger Debt to GDP than the US.
Greece 179.00 Dec/15
Lebanon 134.41 Dec/14
Jamaica 132.72 Dec/14
Italy 132.50 Dec/15
Portugal 129.10 Dec/15
Cape Verde 114.22 Dec/14
Cyprus 108.40 Dec/15
Belgium 106.10 Dec/15
United States 102.98 Dec/14
Spain 100.70 Dec/15
Singapore 99.30 Dec/14
Bhutan 98.90 Dec/14
Ireland 98.40 Dec/15
France 96.20 Dec/15
Euro Area 93.50 Dec/15
Egypt 90.50 Dec/14
Jordan 89.00 Dec/14
United Kingdom 88.60 Dec/15
European Union 87.20 Dec/15
Canada 86.51 Dec/14
Austria
Well pipelines might help also .
But we here in Canada are solvent . We may be looking at 30 billion dollar deficits but we can bask in the glow
of solvency .
That just happens to be the interest we ship to the world bank for them printing the same money we have the authority to print ourselves.
Canada Debt Clock :: National Debt of Canada