Re: Isaias Is Economically Illiterate
Posted: 11 Jan 2022, 20:55
You are one a hack of confused individual.I don't know who said it but it must be true, a little knowledge is dangerous. It is obvious your source is TV.Roman wrote: ↑11 Jan 2022, 20:49Listening to the interview Isaias talks about how America is in lots of debt and how Eritrea is economically in better situation. It seems Isaias is confusing personal debt with government debt and he seems to think debt is bad.
Let me answer these two questions separately:
A. Is debt necessarily bad?
B. Will United States collapse because of debt?
You have to understand that debt is necessary part of the economy itself and it's because of debt that people can purchase homes, cars, borrow for investments and spend more than their means. Debt is responsible for creating job growth for many people and without it unemployment would be high.
The second part:
The United States has trillions of debt but that debt is held by Americans themselves unlike in many African nations where debt is held by foreign nations or entities. What works for the United States to even a certain extent is that the dollar is a world reserve currency and therefore it's more capable of printing more currency by selling government bonds to people.
Look at Eritrea - Its crumbling while United States is advancing - Who the heck is teaching Isaias economics????
They are messed up. Amara should clean the Amara lands from Any Sub-humans. Don't kill them but just make sure they leave the Amara land. [deleted] in Tigray is normal and legal. to show your manhood in Tigray, one must rap as many as he can and it is legal. The Eritreans are lucky they don't have to live with those sub-humans.Abere wrote: ↑13 Jan 2022, 12:51Manifestations the Vices of Poverty in Tigray:-
--- 95% population living on food aid
--- Pervasive prevalent of STDs, commercial-seix worker, unnatural Siex or ግብረሰዶም or moral decadence
---- Human trafficking or seixual slavey on Tigray teens
--- Stealing Eritrean i\Identity to seek economic asylum in Europe & America
--- Excessive greed and theft and preying on others wealth
--- Economic Fraud and money laundering, stole 30 billion US dollar used it to inflate GDP( fake double digit growth) but money deposited in offshore bank accounts after the show