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To: Eurotwit
You laugh at Norway. You, as in the USA, are also a welfare state.

So you have been ever since Roosevelt.

And, you live in an economy that is not sustainable.

Entitlements and interest payments already take over 50 percent of US GDP, in 20 years it will be 90 percent.

If it wasn’t for the financial gymnastics America would already be bankrupt. So are many European Nations.

We are all printing money.

I don't disagree with any of this. In fact, I regard this as the greatest problem currently facing this nation. The Democrats have been using welfare bribe money to remain in power. It's been good for them, but horrible for the nation, and the problem it constitutes is growing exponentially.

The numbers say we're going to crash at some point, and then I think it will get bloody.

BTW what country are you in/from?

37 posted on 01/05/2015 1:40:03 PM PST by DiogenesLamp (Partus Sequitur Patrem)
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To: DiogenesLamp

I am Norwegian.

As a country up to the gills in money.

We own close to 2 percent of world stock markets.

Now we have started buying real estate. In NY, in Paris and in London.

Every Norwegian is a millionaire if you divide up this fund.

But, it it means to be used to future entitlements. Social Security.

Not a single oil kroner/dollar goes into this fund. Only the interest rent.

Payouts I mean.


38 posted on 01/05/2015 1:50:00 PM PST by Eurotwit (qq)
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To: DiogenesLamp

I like your nick and your posts. Dioegenes rocked.

What is your bacckground, education?


39 posted on 01/05/2015 1:53:51 PM PST by Eurotwit (qq)
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