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Thanks a lot Smiling Dave, this is the kind of answer I was looking for, this is very helpful. 1. How fast the money supply is increasing. The quicker that is happening, the more dangerous. Austrian Economics says it means a business cycle, a boom followed by a recession, is inevitable. Is there any way to get some statistics on the increase of money
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So a fiat currency is any currency not backed up by an equal amount of gold / foriegn funds, having no fixed value? how do I know if a country is using a fiat currency or not? I have to admit this is pretty complex. Iran is the most curious example for me as their currency is under attack by couterfeiters outside their government while all the other
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Winder, thanks for the answer, you said " I think the rate at which the debt is growing relative to GDP is more important that the actual ratio " so basically what you are saying what matters is the budget deficit as a percentage of the GDP? also another question, what happens if they high debt comes to a point where it should be paid, The
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I would like to get some help on identifying whether a country is in crisis or not. 1- I usually check the amount of "debt", compare it to the "total GDP". If it is high compared to the GDP, I assume that a country is on the verge of collapse. 2- I check the "current balance account", it it is negative... then I would say
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at least scientists are honest and objective and yes... they would spend the people's money on something worthwhile that would make the human living conditions much better...
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It is because almost everything is manufactured in China. If you go to an electrical or electronics store, it is almost impossible to buy any product which wasn't "made in china". Most companies in developed countries are building factories in China to take advantage of cheap labor and to gain a competetive advantage / stay in the game