War

[JamieThePainter]

So if the 40,000 citizens of Monaco has a much higher GDP to person ratio than Sweden does that mean they can out pay Sweden in defense spending?

Is that what I said? *checks*

No that's not what I said.

 

[printer]

Better than being a slave with nothing. Norway would consider an attack on Finland a threat and so would Sweden. Their wealth fund is the result of funds accumulated over decades of oil and gas sales. A country of 5.3 million can afford the pension fund hit, if required. Their security under NATO is fine, but they wouldn't want Russians for neighbors in an occupied Sweden.

None of it is likely to happen in the near future, Vlad has I believe 75% or more of his combat brigades in Ukraine now, or committed there and Russia is a big country to defend.

Generally governments have income and budgets to get things done with. With Norway's income and budget I could not see how they could not notice spending another $6B without noticing it. You could say IG Wealth Management has $260 Billion under management. Your line of thought is the Canadian government can easily double its spending by raiding IG Management's portfolio.

 

[printer]

Mostly because it's for amusement and to try out ideas, it's not academic work here, I mostly post opinion with news stories, sometimes I even disagree with the opinions of others that I post. I often label sources as probable propaganda and both sides are not the same here either, the Ukrainians have the world's media looking over their shoulders and the Russians don't care, except for the domestic audience.

Yes I'm lazy, sue me.

But you make shit up all the time.

No one else does. Or if they do we question them on their information and eventually the trolls leave.

 

[BudmanTX]

let them all join NATO....fuck Russia and Putin......he can suck it

 

[DIY-HP-LED]

Generally governments have income and budgets to get things done with. With Norway's income and budget I could not see how they could not notice spending another $6B without noticing it. You could say IG Wealth Management has $260 Billion under management. Your line of thought is the Canadian government can easily double its spending by raiding IG Management's portfolio.

The government can do damn near anything it wants with an act of parliament and if national security is involved the courts will give a lot of latitude to the government. This in not a private fund, it is a government fund and they would use it for a natural disaster too.

 

[JamieThePainter]

let them all join NATO....fuck Russia and Putin......he can suck it

I still can't believe the Russian apologists who say Ukraine shouldn't join NATO.

 

[BudmanTX]

I still can't believe the Russian apologists who say Ukraine shouldn't join NATO.

they're weren't ready to join, plus they already had the problems with Crimea, and the Donbas region as well...so i'm guessing that nixed it, now EU totally different.....it will be a wait and see thing

 

[DIY-HP-LED]

But you make shit up all the time.

No one else does. Or if they do we question them on their information and eventually the trolls leave.

As I said feel free to question things and correct me as required, writing stuff on a public forum should be defended and I expect it of others. However one is free to have opinions, speculate and pick among the experts, much in war in unknown and will be until it's over.

 

[JamieThePainter]

they're weren't ready to join, plus they already had the problems with Crimea, and the Donbas region as well...so i'm guessing that nixed it, now EU totally different.....it will be a wait and see thing

Oh aye, no doubt. It's the people who say they shouldn't ever join that I can't understand. Russian security is more important than a nation who wants to join a defence pact against a country who has already nixed a chunk of their land?

 

[BudmanTX]

rut roh? i wouldn't pick a fight with Moldova

Moldova says reports Russian army trying to recruit its citizens are dangerous

Moldova said on Wednesday that reports that Russia's army was trying to recruit Moldovan citizens were dangerous and that it was regularly discussing all matters of concern with Russian officials, in response to a question about the Ukraine war.

www.reuters.com

 

[captainmorgan]

Ukrainians on the hunt for more russian war ships.

 

[printer]

The point is that the Political section here has been pretty good at giving out credible information as we give sources. From covid to the political talk, we have given the best information we have rather than passing along hearsay. We give sources, they might not always be right but it is far better than

 

[printer]

The government can do damn near anything it wants with an act of parliament and if national security is involved the courts will give a lot of latitude to the government. This in not a private fund, it is a government fund and they would use it for a natural disaster too.

Of cource a government can do whatever they want but they can also pay for it at the polls. OK let's google, "Canadian Pension Fund assets".

"As of December 31, 2021, the CPP Investment Board manages over C$550 Billion in assets under management for the Canada Pension Plan on behalf of 20 million Canadians. "

I guess with $550 Billion the government can just spend $6B of it as it would be spare change?

 

[BudmanTX]

Oh aye, no doubt. It's the people who say they shouldn't ever join that I can't understand. Russian security is more important than a nation who wants to join a defence pact against a country who has already nixed a chunk of their land?

and these so called people are the Russians aka United Russian Party.....or as i like to call them the Nazi Party 2022

 

[printer]

As I said feel free to question things and correct me as required, writing stuff on a public forum should be defended and I expect it of others. However one is free to have opinions, speculate and pick among the experts, much in war in unknown and will be until it's over.

And I have questions others here, even those I generally trust. Just because you are well meaning does not mean I am not going to do the same for you. I have no problem others doing the same of me.

Speculation is one thing, usually ends with a question mark. It is a good way of spitballing without sounding like you are passing off wrong information.

 

[DIY-HP-LED]

Of cource a government can do whatever they want but they can also pay for it at the polls. OK let's google, "Canadian Pension Fund assets".

"As of December 31, 2021, the CPP Investment Board manages over C$550 Billion in assets under management for the Canada Pension Plan on behalf of 20 million Canadians. "

I guess with $550 Billion the government can just spend $6B of it as it would be spare change?

They only call it the pension fund as a bit of a joke, it's a sovereign wealth fund, they have a separate government pension plan that is funded by contributions, similar to Canada. Canada has a population of 38 million and Norway's is 5.3 million, while their sovereign wealth fund is over twice the size of Canada's CPP fund.

The Norwegian pension system

Here you can read about how the Norwegian pension system is structured.

www.norden.org

 

[printer]

They only call it the pension fund as a bit of a joke, it's a sovereign wealth fund, they have a separate government pension plan that is funded by contributions, similar to Canada. Canada has a population of 38 million and Norway's is 5.3 million, while their sovereign wealth fund is over twice the size of Canada's CPP fund.

The Norwegian pension system

Here you can read about how the Norwegian pension system is structured.

www.norden.org

BUT THAT IS NOT HOW GOVERNMENTS ACQUIRE AND SPEND MONEY!

You can say any of our Western countries are wealthy and can increase spending. But it is going to cost someone. The point is the Norwegian Government does not have the room in their budget to drop another $6B without cutting somewhere else. Or tax someone. They do not have 'loose change' floating around. Otherwise they would not have a debt load of 40% of GDP. Why not just raid their wealth fund and pay off the government's debts and then no tax dollars (or whatever is their currency) will go into servicing their debt and all the tax revenue goes to providing services?

 

[DIY-HP-LED]

They could have abandoned ship, then were ordered back aboard, or some of them were. I'm guessing photos will tell the tale, but apparently the weather is bad in the area. Most of cruise missiles strike above the water line, so she could easily be afloat, especially if their damage control teams can contain the exploding ammo and rockets!

Sunken Russian warship Moskva: What do we know?

Russia says the Moskva sank after an explosion of ammunition, but Ukrainians say they hit it with missiles.

www.bbc.com

 

[injinji]

Consider with what you are trying to reason.

Just step away. It's best not to interrupt during the thought process.

 

[DIY-HP-LED]

BUT THAT IS NOT HOW GOVERNMENTS ACQUIRE AND SPEND MONEY!

You can say any of our Western countries are wealthy and can increase spending. But it is going to cost someone. The point is the Norwegian Government does not have the room in their budget to drop another $6B without cutting somewhere else. Or tax someone. They do not have 'loose change' floating around. Otherwise they would not have a debt load of 40% of GDP. Why not just raid their wealth fund and pay off the government's debts and then no tax dollars (or whatever is their currency) will go into servicing their debt and all the tax revenue goes to providing services?

I saw a documentary on it years back, it was run by a Philosopher then and they did not want to distort the economy with the extra wealth, dividends are used for infrastructure projects etc. The term spare change was to illustrate their relative "spare wealth" to that of the requirements of Swedish and Finnish defense, they could pay for it with annual dividends. One difference between them and US is conservatives will want to spend it by lowering taxes to get elected and usually are paid off by the oil companies. Norway owns it's resource and it's development and thus accumulated great wealth. I dunno how much it pays in dividends after accounting for inflation etc, could look it up I suppose.