Miscellaneous News

[BoraTas]

The thing is how is the US govt ever going to pay back the debt of 31.4 trillions, that's close to USD 89k per every soul in the US.

Obviously the US govt never intends to, which is not sustainable. One day the chickens will come home to roost and that day is approaching fast.

Debt can infinitely increase as long as it comes with increased productivity. The US debt is serviced through new debt since the gov is in a budget deficit. So far it came with increased productivity so there were no problems. What happens when productivity doesn't increase though? You get Japan, Italy, and increasingly the UK, at major economies.

This debt ceiling thing is an issue because it is a legal limit only the congress can increase. It becoming material for petty politics shows how dysfunctional and self-harming US domestic politics are. The US govt can't borrow without the congress increasing that limit so it can't service existing bonds. If the US defaults on even a tiny percentage of its debt, it would be really harmful to the USA. US bond interest rates would increase permanently to account for the increased risks with the US bonds, which would in long term cost trillions of USDs to the USA. In short term its effects would be more drastic. The US economy would contract this year.

All of this would happen because of Republicans vetoing the lifting of debt ceiling, effectively banning the US Govt from servicing its debts.

 

[Chevalier]

The UK ruling class are using the unpopular face of their Indian servant Prime Minister to ram through draconian laws that they will be able to use in the future, such as laws against general strikes, even as UK public servants are striking in protest over cost of living and France is afire with a million man strike

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[horse]

(Don't worry the rabbit is safe)

(Also where are they going to find a dragon for CNY next year?!)

Invite the PETA people for next year's presentation.

 

[ACuriousPLAFan]

Invite the PETA people for next year's presentation.

Before that, first PETA needs to figure out how to recover from this big L:

https://twitter.com/i/web/status/1615231707577450497

 

[horse]

Seriously, BRICS (or at least China and Russia) needs to do something...

This is common knowledge. It is just the news.

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[coolgod]

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Belarus' Lukashenko invites Xi Jinping to visit his country​

Belarusian President Alexander Lukashenko invited Chinese President Xi Jinping to visit his country, according to a letter sent Saturday by Lukashenko congratulating his Chinese counterpart on the lunar new year.
"I invite Your Excellency to visit the Republic of Belarus, where you are known and appreciated as a true friend and where you will be given the warmest and most cordial welcome," Lukashenko said.
The president noted that "despite all the difficulties that the year of the tiger has brought," Belarus and China "have managed by joint efforts to make significant progress in building up Belarusian-Chinese cooperation.

Previously there were news leaks about Lukashenko visiting Beijing, looks like plans have changed. Given that Putin already invited Xi to visit, it is very likely Xi will probably visit Russia and Belarus in the coming months this year.

 

[pmc]

sometimes, I find myself scratching my head as to how they come to have these statistics because some places I am under the impression that they are some much worse they what they are shown to be

Spain was also shown as lower crime rate than France.

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For example, when it comes to non-violent theft such as pickpocketing, car theft, robberies in shops or burglaries, Spain tends to have rates of delinquency above the EU average.

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and the latest Eurostat data shows that the country has the

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, which tends to result in an increase in crime.

this was the methodology used for the Numbeo data.

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The Numbeo database has been publishing annual reports since 2009, based on the crime rates in countries around the world. The index of crimes is measured according to the laws of the countries, as there are acts that constitute crimes in some countries while they are not deemed crimes in some other nations, which gives a real measure of the crime rate in countries in accordance with applicable laws.

 

[9dashline]

The guy is angling for a higher office is all. The man has ZERO CHARISMA and it was better for him charisma wise when he was fat.

He should go into the weight loss industry, his proven results are 100 pound fat loss in under six months...

As for the geopolitics stuff, Mr. Rapture Heartland guy is probably going to get America Deagel'd if he actually ends up as potus

 

[coolgod]

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Guess who came to wish us a Happy Chinese New Year
A higher res source video but not from

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(Global times)

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Instead of good wishes during this festive season, the Ukrainians decided to set a new strategic policy towards China.

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No wonder the douyin comments for these videos are based AF.

 

[jwnz]

Debt can infinitely increase as long as it comes with increased productivity. The US debt is serviced through new debt since the gov is in a budget deficit. So far it came with increased productivity so there were no problems. What happens when productivity doesn't increase though? You get Japan, Italy, and increasingly the UK, at major economies.

This debt ceiling thing is an issue because it is a legal limit only the congress can increase. It becoming material for petty politics shows how dysfunctional and self-harming US domestic politics are. The US govt can't borrow without the congress increasing that limit so it can't service existing bonds. If the US defaults on even a tiny percentage of its debt, it would be really harmful to the USA. US bond interest rates would increase permanently to account for the increased risks with the US bonds, which would in long term cost trillions of USDs to the USA. In short term its effects would be more drastic. The US economy would contract this year.

All of this would happen because of Republicans vetoing the lifting of debt ceiling, effectively banning the US Govt from servicing its debts.

The debt ceiling is silly IMO, as you said it's been turned into a petty political tool / ploy by both parties.

As for the sustainability of the ever increasing debts, that's made possible by the USD being the reserve currency, which is due to the size of the US economy, the petrol dollar status, and the military might of the US, not much to do with productivity at all IMHO.

I still assert that the chickens will soon come home to roost for the US.