Fortunately those of us who live in a democracy it is about 32.4 T or about 45% of the world economy.
If you think why the West won ww2 it was the might of the Industrial military complex that defeated the Nazi Germany!
Both China & Russia were recepients of US military aid via the Lendlease program during the war just like Ukraine & Israel right now.
I am extremely greatful to live in the west & not under a Theocrasy (Iran) or a Autocrasy/Kleptocrasy (RF).
If life is so wonderful in Russia why has so many former Soviet republics & 2 countries that were neutral decided to join NATO rather than stay with RF. Why did 200,000 Russians leave in the first 10 days of the invasion ?
The biggest myth here is that the US is bankrupt ????
I agree the federal debt is 96% of GDP.
However the federal debt is only 18% of private sector net worth.
XJO - Bear Posts only (Factors which might cause the markets to fall), page-15515
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Last
8,597.7 |
Change
56.600(0.66%) |
Mkt cap ! n/a | |||
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| XJO (ASX) Chart |