India debt free?

India debt free? (Full Version)

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tazzygirl -> India debt free? (7/5/2011 4:36:39 PM)
http://www.npr.org/blogs/thetwo-way/2011/07/05/137627235/some-22-billion-in-gold-diamonds-jewels-found-in-indian-temple?sc=fb&cc=fp Must be nice!

SternSkipper -> RE: India debt free? (7/5/2011 6:59:23 PM)
quote: Must be nice! Wouldn't shock me... it's a place where people still die of starvation and they basically scored a truly massive percentage of the technical service related jobs that used to be done by US workers.

tazzygirl -> RE: India debt free? (7/5/2011 8:42:48 PM)
With a population of 1.21 Billion, that money wouldnt go far if given to the people.

willbeurdaddy -> RE: India debt free? (7/5/2011 8:47:21 PM)
Very limited social programs. "must be nice"? Its no coincidence. You cant give away your cake and eat it too.

tazzygirl -> RE: India debt free? (7/5/2011 9:04:09 PM)
This had nothing to do with the presence or absence of social programs.

FirstQuaker -> RE: India debt free? (7/5/2011 9:38:49 PM)
Enjoy - http://en.wikipedia.org/wiki/List_of_countries_by_external_debt You can click on the little thingys to rearrange the list by the various fields either ascending of descending. Interesting to see the number of countries receiving foreign aid that are well down on the list of what they owe anyone. Mexico especially. If I were British I would be worried about their place however. I happen to know fully 70 some percent of their external debt is short term (i.e. less then a year in term) , a modest raise in interest rates woudl be lethal. The US has about 22% in short term loans, or so it is alleged. Ireland and Luxemburg top the list as to debt/percentage of GDP, I don't know how any Luxemburg resident plans to pay off his 3.7 million some USD share of it.

SternSkipper -> RE: India debt free? (7/5/2011 10:28:44 PM)
quote: Very limited social programs. "must be nice"? Its no coincidence. You cant give away your cake and eat it too. Lemme get on expedia and book your flight[:D]

tazzygirl -> RE: India debt free? (7/5/2011 10:53:32 PM)
Taking up donations?

Moonhead -> RE: India debt free? (7/6/2011 5:19:01 AM)
Donations? Maybe we could fix him up with a couple of loans instead. That'll help him fit in better when he gets there...

SternSkipper -> RE: India debt free? (7/6/2011 5:46:49 AM)
quote: Taking up donations? I'll get you the paypal address right away[:D]

willbeurdaddy -> RE: India debt free? (7/6/2011 7:15:12 AM)
quote: ORIGINAL: tazzygirl This had nothing to do with the presence or absence of social programs. Being debt free most certainly does.

willbeurdaddy -> RE: India debt free? (7/6/2011 7:25:36 AM)
quote: ORIGINAL: FirstQuaker Enjoy - http://en.wikipedia.org/wiki/List_of_countries_by_external_debt You can click on the little thingys to rearrange the list by the various fields either ascending of descending. Interesting to see the number of countries receiving foreign aid that are well down on the list of what they owe anyone. Mexico especially. If I were British I would be worried about their place however. I happen to know fully 70 some percent of their external debt is short term (i.e. less then a year in term) , a modest raise in interest rates woudl be lethal. The US has about 22% in short term loans, or so it is alleged. Ireland and Luxemburg top the list as to debt/percentage of GDP, I don't know how any Luxemburg resident plans to pay off his 3.7 million some USD share of it. Those are listings of Gross Debt and very misleading, unless you think that what those countries are owed will be forgiven. Net debt is far more relevant if the country doesnt have a track record of waiving debt.

PhilSlave -> RE: India debt free? (7/6/2011 7:27:46 AM)
Asia will inherit everything within 40 years. The US will have had an empire for a very short amount of time.

Moonhead -> RE: India debt free? (7/6/2011 7:41:03 AM)
I thought you guys had been quite careful not to call it an empire?

Anarrus -> RE: India debt free? (7/6/2011 8:14:24 AM)
quote: ORIGINAL: willbeurdaddy Very limited social programs. "must be nice"? Its no coincidence. You cant give away your cake and eat it too. Apparently Marie Antoinette "Let them eat cake"( or so it's commonly attributed) thought so too. Look where it got her.

Moonhead -> RE: India debt free? (7/6/2011 11:14:43 AM)
That isn't even her best line, sadly. One of her maids told her that the peasants were revolting. Marie Antoinette's reply? "Don't worry, dear: you'll soon get used to how revolting they are."

thishereboi -> RE: India debt free? (7/6/2011 11:27:12 AM)
quote: ORIGINAL: Moonhead Donations? Maybe we could fix him up with a couple of loans instead. That'll help him fit in better when he gets there... I will donate some, but only if you can assure me he won't have access to cm there. Otherwise what is the point. and tazzy, I clicked on your signature link and it says "access denied"

tazzygirl -> RE: India debt free? (7/6/2011 11:37:44 AM)
Yeah, my bad. Julia pointed out its dead... lol.... i forgot to delete it. Will now though. Sorry! ~see, I can too admit when im wrong.... when im wrong. [;)]

thishereboi -> RE: India debt free? (7/6/2011 1:05:35 PM)
lol I stand corrected[:)]

rawtape -> RE: India debt free? (7/6/2011 4:37:18 PM)
quote: ORIGINAL: Moonhead I thought you guys had been quite careful not to call it an empire? Ron Suskind, quoting an unnamed Bush aide (later identified as Karl Rove) in a New York Times Magazine article: The aide said that guys like me were "in what we call the reality-based community," which he defined as people who "believe that solutions emerge from your judicious study of discernible reality." ... "That's not the way the world really works anymore," he continued. "We're an empire now, and when we act, we create our own reality. And while you're studying that reality—judiciously, as you will—we'll act again, creating other new realities, which you can study too, and that's how things will sort out. We're history's actors…and you, all of you, will be left to just study what we do." [:)]

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