Wednesday, March 22, 2017

Now, on the comic relief side, this is from NEWSWEEK, a magazine that has published nothing but lies about the JFK assassination for 53 years.

But here, they are attacking Russia, which has risen to Public Enemy #1. Well, maybe #2 after North Korea. 

They're saying that the Russian economy is so bad under Putin that the poor Russians can only afford to buy 2.5 pairs of shoes per capita per year, in contrast to the thriving Americans who bought 7.8 pairs of shoes per capita in 2015.

Are they kidding? That's nearly 8 pairs of shoes in a year. If I was Bill Gates and Warren Buffet combined I wouldn't buy 8 pairs of shoes in a year. How many shoes can I possibly wear? In the last year, I have bought exactly one pair of shoes- a pair of sandals. So, if I only bought one pair, what does that mean? That someone else had to buy 15 pairs to make up for it? 

What do you think? Do you think the average American really bought nearly 8 pairs of shoes for himself in 2015? How many did you buy? Ask your relatives. Ask your friends. Take a poll. I think you'll find that that number is way too high. 

And the article goes on to bash Russia. I'll give you the link to it.

So, Russia is poor and struggling while America is rich and thriving. Is that so? Well, one thing they didn't mention in the article is the debt load of each country. Don't debts factor into the wealth calculation? 

We'll start with Russia. Their national debt (in U.S. dollars) is about $154 billion. 

In contrast, the national debt of the U.S. is officially close to $20 trillion

So, roughly speaking, Russia has about 1/120 of the debt of the United States. And keep in mind that in the U.S. a lot of the debt is "off-budget." If you included all the obligations that the U.S government has, for instance, things like federal and military pensions, veterans benefits and expenses, and other things that are off-budget, the total unfunded indebtedness and liabilities comes to a staggering and astronomical figure, with some estimates north of $100 trillion. 

So, which country is likely to go bankrupt first? You do the Math.

And these are the same pluckers who accuse others of issuing "fake news." 

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