Let's look at the % of daily income < $5.50m per wikipedia and then their living in poverty %s.
Albania 38.4% < $5.50. Living in poverty (per CIA -- 2021) 14.3%
Switzerland 0.14% < $5.50. Living in poverty (per CIA -- 2018) 16.0%.
See any problem with these #s?
Also, why is the CIA the source for living in poverty data?
Most people are aware that the cost of living can be different between different places. You seem entirely unaware of this concept.
And Switzerland's cost of living is among the highest in the world. Food, in particular, is quite expensive by U.S. or even broader Western European standards.
Most people are aware that the cost of living can be different between different places. You seem entirely unaware of this concept.
And Switzerland's cost of living is among the highest in the world. Food, in particular, is quite expensive by U.S. or even broader Western European standards.
Also Lolly is only pretending to be Swiss.
Yeah, but Carmine is not pretending to be this dumb. He's really is this mentally handicapped.
Most people are aware that the cost of living can be different between different places. You seem entirely unaware of this concept.
And Switzerland's cost of living is among the highest in the world. Food, in particular, is quite expensive by U.S. or even broader Western European standards.
Also Lolly is only pretending to be Swiss.
Albania and Switzerland are both in Europe you know? It's 300 times as expensive to live in Switzerland you figure? A little common sense is needed
And Switzerland's cost of living is among the highest in the world. Food, in particular, is quite expensive by U.S. or even broader Western European standards.
Also Lolly is only pretending to be Swiss.
Yeah, but Carmine is not pretending to be this dumb. He's really is this mentally handicapped.
Carmine and Lolly are contrarian trolls. They're playing a game, not having a discussion.
They are smart enough to have sustained an argument for several pages, most recently arguing the economic situations of Albania and Switzerland in what is supposed to be a thread about the war in Ukraine.
You can get sucked into their game or not. Your choice.
And Switzerland's cost of living is among the highest in the world. Food, in particular, is quite expensive by U.S. or even broader Western European standards.
Also Lolly is only pretending to be Swiss.
Albania and Switzerland are both in Europe you know? It's 300 times as expensive to live in Switzerland you figure? A little common sense is needed
You said that already. It was dumb the last time you said it. It's still dumb when you say it now.
p.s. Did you figure out if you support Russia withdrawal or more killing in Ukraine yet? There was a time you pretended to be very concerned about all the death and destruction in Ukraine, but didn't support the simple, low-cost solution of having Russia withdraw. Is that because you aren't actually against death and destruction in Ukraine?
Agreed. Unfortunately, common sense is far too much to ask from someone with your limited mental facilities.
Now, look at the income distributions (not just the mean) for the two countries and their costs of living. Then we'll be getting somewhere.
And that will show us that despite the fact that Albanians are 250 times as likely to make less than $5.50 per day as the Swiss, you are more likely to live in poverty in Switzerland?
Agreed. Unfortunately, common sense is far too much to ask from someone with your limited mental facilities.
Now, look at the income distributions (not just the mean) for the two countries and their costs of living. Then we'll be getting somewhere.
And that will show us that despite the fact that Albanians are 250 times as likely to make less than $5.50 per day as the Swiss, you are more likely to live in poverty in Switzerland?
Come on.'
You have to admit that makes no sense
It makes plenty of sense if you have the ability to think about things at a level above the average kindergartener, which apparently you do not.
Meanwhile in Russia: genocidal denials of the Ukrainian identity from the host and his guest. They claim that Ukrainians are just mentally ill Russians, whom they will "cure" once Russia wins. They propose destroying all Holodomor memorials. They discuss killing Americans. Watch: pic.twitter.com/CcRsoxfIiY
Meanwhile on Russia's state-funded RT, director of broadcasting Anton Krasovsky suggests drowning or burning Ukrainian children, makes hideous comments about the rapes by Russian soldiers in Ukraine, says Ukraine should not exist and Ukrainians who resist Russia should be shot. pic.twitter.com/BGIaBNok4v
I’m glad you’re happy in Switzerland. I’ve been there. It’s not on my list of places to go back to. As you said, it’s basically equivalent to Witchita, Kansas.
1. The USD is backed by “the full faith and trust in the government that issued it”. 2. Depends on its price elasticity.
1) Why should Russia, China and the rest of BRICS have full faith and trust in the US government if it acts hostile towards them? Russia experienced it first hand, not being able to receive payments for oil and gas.
2) The most obvious answer is that the asset would lose 25% in value, as demand dictates value. Even more, if this starts a snowball effect.
So the next question is: Is the US ready to lose 25% value of Dollar and if not, what is going to be done to prevent BRICS creating it's own currency.
And that will show us that despite the fact that Albanians are 250 times as likely to make less than $5.50 per day as the Swiss, you are more likely to live in poverty in Switzerland?
Come on.'
You have to admit that makes no sense
It makes plenty of sense if you have the ability to think about things at a level above the average kindergartener, which apparently you do not.
Please explain how, despite the fact that Albanians are 250 times as likely to make less than $5.50 per day as the Swiss, you are more likely to live in poverty in Switzerland?
1) What is USD backed by? 2) What happens to an asset once it loses at least 25% of it's demand?
Oh my word, he's a gold standard nutcase as well...
20% of all Dollars ever were created in the covid time alone. Fake money creates inflation, which is then being exported to the rest of the world.
So a good question is, why should countries trade in Dollar if the US can print however much they want?
You can be mad as much as you want, but the times of the US bullying the world with it's fake currency and oversized military are over with this Ukraine war. Saudi Arabia has openly spit in Biden's face by lowering oil production and expressing intent to join BRICS. It's just a matter of when BRICS currency will hit the market now. Can be next year, can be in 5 years. Either way, you will get to experience the fall of the American empire in all it's glory :)
Oh my word, he's a gold standard nutcase as well...
20% of all Dollars ever were created in the covid time alone. Fake money creates inflation, which is then being exported to the rest of the world.
So a good question is, why should countries trade in Dollar if the US can print however much they want?
You can be mad as much as you want, but the times of the US bullying the world with it's fake currency and oversized military are over with this Ukraine war. Saudi Arabia has openly spit in Biden's face by lowering oil production and expressing intent to join BRICS. It's just a matter of when BRICS currency will hit the market now. Can be next year, can be in 5 years. Either way, you will get to experience the fall of the American empire in all it's glory
There is not a single American on this board that can explain why petrodollar exists. You are so delusional that you think things ought to stay the way there are just because the US says so.
Once again, Saudi Arabia spit on Biden by cutting oil production and making intent to join BRICS public. You want more oil? Drill your own.
So what consequences? Will the US proclaim Mohammed bin Salman to be a terrorist and send in CIA to kill him? You guys still have to learn so much about the atrocities the US has commited around the world to protect Dollar.
There is not a single American on this board that can explain why petrodollar exists. You are so delusional that you think things ought to stay the way there are just because the US says so.
Once again, Saudi Arabia spit on Biden by cutting oil production and making intent to join BRICS public. You want more oil? Drill your own.
I’m glad you’re happy in Switzerland. I’ve been there. It’s not on my list of places to go back to. As you said, it’s basically equivalent to Witchita, Kansas.
1. The USD is backed by “the full faith and trust in the government that issued it”. 2. Depends on its price elasticity.
1) Why should Russia, China and the rest of BRICS have full faith and trust in the US government if it acts hostile towards them? Russia experienced it first hand, not being able to receive payments for oil and gas.
2) The most obvious answer is that the asset would lose 25% in value, as demand dictates value. Even more, if this starts a snowball effect.
So the next question is: Is the US ready to lose 25% value of Dollar and if not, what is going to be done to prevent BRICS creating it's own currency.
2) That's not an obvious answer at all, and is wrong in almost all cases. My god, didn't you ever take an economics course?
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