climate catastrophe

[rickyb]

Well good luck with that. If Alberta leaves then Canada can show how it's done without that oil revenue.

feel free to post a list of top 30 resource rich countries per capita

 

[rickyb]

If Varoufakis said that then it's no wonder why Greece's economy is in ruins.

they were bankrupt before he came into office.

he said ok we are bankrupt, so lets do a debt restructuring

the troika disagreed and greece is now more bankrupt than before.

 

[rickyb]

You don't get it. Canada's social welfare programs are paid for by oil money. The very thing you rag on all the time. If Alberta secedes then there goes your country. You'll have to be as hardcore capitalist as the U.S. in order to save it. And the U.K. was never as "blown up" as Germany and Japan were. Not even close.

america is state capitalist mixed economy and it doesnt have healthcare for all because not enough people complain in an organized way for it

 

[vantexan]

america is state capitalist mixed economy and it doesnt have healthcare for all because not enough people complain in an organized way for it

What has that to do with what Canada will have without oil revenue?

 

[rickyb]

What has that to do with what Canada will have without oil revenue?

show me 10 to 20 resource rich countries

america is top 10 and you have and most of the top 10 are except for australia.

canada has more than just oil you know

we also have slave mentality which makes our resources irrelevant


the squeaky wheel gets the grease. north american wheels running dry. europes got the grease.

 

[vantexan]

they were bankrupt before he came into office.

he said ok we are bankrupt, so lets do a debt restructuring

the troika disagreed and greece is now more bankrupt than before.

You are way oversimplifying what happened. The Greek government voted for a bailout which Varoufakis said would further worsen Greece's economic problems and he resigned over it. The troika's bailout was to keep members of the troika from having to eat Greece's debt. By doing what they did they limited the bank crisis to just Greece instead of causing a worldwide contagion. Did it cause the Greeks to suffer due to austerity measures? Yes. But Greece brought all of this on themselves by taking out huge loans to pay for extremely generous benefits for Greek citizens. Loans that they did not have the money to pay back. The responsibility lies squarely on the Greek government, no one else.

 

[rickyb]

You are way oversimplifying what happened. The Greek government voted for a bailout which Varoufakis said would further worsen Greece's economic problems and he resigned over it. The troika's bailout was to keep members of the troika from having to eat Greece's debt. By doing what they did they limited the bank crisis to just Greece instead of causing a worldwide contagion. Did it cause the Greeks to suffer due to austerity measures? Yes. But Greece brought all of this on themselves by taking out huge loans to pay for extremely generous benefits for Greek citizens. Loans that they did not have the money to pay back. The responsibility lies squarely on the Greek government, no one else.

excuse me, is greece more or less in debt now than it was 10 years ago?

 

[vantexan]

show me 10 to 20 resource rich countries

america is top 10 and you have and most of the top 10 are except for australia.

canada has more than just oil you know

we also have slave mentality which makes our resources irrelevant


the squeaky wheel gets the grease. north american wheels running dry. europes got the grease.

Oil is by far the biggest generator of revenue in Canada. Good luck funding your social programs without it. And as I already pointed out Australia is highly dependent on selling its resources to China. If China collapses so does Australia.

 

[vantexan]

excuse me, is greece more or less in debt now than it was 10 years ago?

You tell me? They should have never taken those huge loans to begin with. Loans aren't free, they have to be repaid.

 

[rickyb]

You tell me? They should have never taken those huge loans to begin with. Loans aren't free, they have to be repaid.

loans do not have to be repaid

trump went bankrupt as you know.

 

[rickyb]

Oil is by far the biggest generator of revenue in Canada. Good luck funding your social programs without it. And as I already pointed out Australia is highly dependent on selling its resources to China. If China collapses so does Australia.

i do believe australia was rich before china became powerful

 

[vantexan]

loans do not have to be repaid

trump went bankrupt as you know.

Trump didn't go bankrupt. Some of his companies did. You can't borrow the kind of money Greece borrowed and just say it's free money. Go get a mortgage and tell your banker that it's free money that you don't have to repay. See how far you get.

 

[vantexan]

i do believe australia was rich before china became powerful

Rich in resources but their current economy has almost entirely become dependent on their China trade.

 

[BigUnionGuy]