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Norway wants US Marines
John H. wrote:
On Thu, 14 Jun 2018 19:25:50 -0400, wrote: On Thu, 14 Jun 2018 13:05:55 -0400, John H. wrote: On Thu, 14 Jun 2018 12:18:15 -0400, "Mr. Luddite" wrote: On 6/14/2018 12:11 PM, True North wrote: On Thursday, 14 June 2018 12:13:42 UTC-3, wrote: On Thu, 14 Jun 2018 07:59:51 -0400, Keyser Soze wrote: On 6/13/18 10:37 PM, wrote: On Wed, 13 Jun 2018 16:29:04 -0400, Keyser Soze wrote: Norway is smart about money and resources...from Wiki: In March 2017, the Government Pension Fund controlled assets were valued at approximately US$913 billion (equal to US$182,000 per capita), which is about 178% of Norway's current GDP. It is the largest sovereign wealth fund in the world. The fund controls about 1.3% of all listed shares in Europe, and more than 1% of all the publicly traded shares in the world. The Norwegian Central Bank operates investment offices in London, New York, and Shanghai. Guidelines implemented in 2007 allow the fund to invest up to 60% of the capital in shares (maximum of 40% prior), while the rest may be placed in bonds and real-estate. As the stock markets tumbled in September 2008, the fund was able to buy more shares at low prices. In this way, the losses incurred by the market turmoil was recuperated by November 2009. Other nations with economies based on natural resources, such as Russia, are trying to learn from Norway by establishing similar funds. The investment choices of the Norwegian fund are directed by ethical guidelines; for example, the fund is not allowed to invest in companies that produce parts for nuclear weapons. Norway's highly transparent investment scheme is lauded by the international community. The future size of the fund is closely linked to the price of oil and to developments in international financial markets. In 2000, the government sold one-third of the state-owned oil company Statoil in an IPO. The next year, the main telecom supplier, Telenor, was listed on Oslo Stock Exchange. The state also owns significant shares of Norway's largest bank, DnB NOR and the airline SAS. Since 2000, economic growth has been rapid, pushing unemployment down to levels not seen since the early 1980s (unemployment in 2007: 1.3%). The international financial crisis has primarily affected the industrial sector, but unemployment has remained low, and was at 3.3% (86,000 people) in August 2011. Norway contains significant mineral resources, and in 2013, its mineral production was valued at US$1.5 billion (Norwegian Geological Survey data). The most valuable minerals are calcium carbonate (limestone), building stone, nepheline syenite, olivine, iron, titanium, and nickel. Norway is also the world's second-largest exporter of fish (in value, after China). Hydroelectric plants generate roughly 98–99% of Norway's electric power, more than any other country in the world. Somehow, I think the Norwegians will figure out how to secure their future. I am sure they will because they "privatized" their old age pension fund and invested it in real things instead of just spending the money and putting IOUs in the box. They are not dipping into the general fund or borrowing money to pay their pensioners. Their "future" is secure as long as we keep them safe and they should doing that themselves, not sponging off of us. And, once again, without our international commitments, there would be more justification for shrinking our outrageous military budgets. So why don't we? I would start with Europe. A lot of your military costs are by your own doing...that is sticking your beak into any and every trouble spot. Viet Nam was a good example. You like to project your power whether it's requested or not. It would be interesting for historians to speculate on what the planet would be like today if the USA (and Canada) had completely followed a "we'll mind are own business" policy since the end of WWII. How about since prior to WWI? You mean like the turn of the century when we engineered the taking of Panama? (no canal) or all of the stuff we got from the Spanish American war?. You could even go back to the Mexican war. I think they like to point out the end of WWII because that was when the world pretty much stopped using wars as an excuse for Europeans and Americans to take other people's land ... well maybe with one exception. No, what would the world be like if we had just stayed home, as donnee suggested, from about 1913 on? That wasn't Dumb Don. He just can't quote a thread properly. |
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