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[Pib]

Good to hear it still applies for certain accounts...under certain rules...it's always the fine print/details that tells the true story.

[TallGuyJohninBKK]

Yes..that's right Pib...

However, for the benefits they offer, I don't find using SCU as my direct deposit destination for my pension check to be anything particularly difficult or complicated. It's a one-time form to fill out, and then nothing after that.

No minimum balance required. No POS transactions required. No other hoops to jump thru. For what they offer, it strikes me as a pretty good deal.

[Naam]

TallGuyJohninBKK, on 2012-02-03 23:05:54, said:

Came across a very interesting CNBC article today on who actually holds the U.S.'s nearly $16 trillion national debit...or to be more precise, who are the largest holders of that debt... And it's not who you might think, generally speaking.... By and large, it's Americans, including various parts of our own government, who hold most of that debit, according to the article... Interesting reading...

http://finance.yahoo...gov-t-debt.html

And on the same subject, CNBC also has a slideshow on the world's largest debtor nations, ranked by total debt compared to gross domestic product. The U.S. ranked 20th on the list, with its national debit about equal to its GDP...

But countries on the list with larger debt ratios included Australia, Germany, Hong Kong, France, Norway, Austria, Finland, Sweden, Denmark, Belgium #5, Netherlands #4, Switzerland #3, the UK #2, and Ireland #1.

The UK has a total national debt more than 4 times its GDP, and debt equaling almost $147,000 per capita... whereas the U.S. has total debit just slightly larger than GDP (101%) and per capita debt of a bit over $48,000.

http://www.cnbc.com/...0308959?slide=1

and because the ratio debt/gdp and especially debt per capita is completely irrelevant the Tooth Fairy and Santa Claus will get together come december and wipe the U.S. debt slate clean

note: the only ratio that counts is "revenue/debt service". neither "gdp" nor "capita" can service and repay debt without generating cash.

-a family of 8 (husband, wife and 6 children) with an income below the taxable amount reduces debt per capita but does not contibute to debt service.

-the hardware (ammunition, missiles, etc) used and destroyed in Iraq and Afghanistan was produced and therefore counted as gdp. but the launched and then lost "gdp" cruise missile did and does not produce any revenue to service debt. of course it has to be replaced and the replacement cost will be added to gdp.

summary: CNBC = either morons or goddàmn liars who bullshit their audience!

take a look at the figures and weep:

Attached Files

•  debt_gdp_revenue.jpg   52.77K   3 downloads

[Naam]

ianguygil, on 2012-02-15 09:42:42, said:

These are totally misleading numbers which include the banking sectors for countries which host the headquarters of major international banks or are in themselves offshore banking centers. Do you really believe that Switzerland is in so much worse relative financial shape than the US?

While some poorly run banks have caused their governments and polulations headaches over the past few years, particularly in Ireland, the UK and Iceland, these numbers are misleading and do not illustrate the relative health of the various economies.

I won't get futher into it and recommend that Forum members read the actual reports not the CNBC comicbook summaries. They should state the context for these numbers and not just put it into a pretty picture slideshow for entertainment rather than information.

as i said "CNBC morons or liars!"

[TallGuyJohninBKK]

Let's see... that all was about three months ago.... Just now catching up Naam???

[Naam]

TallGuyJohninBKK, on 2012-05-20 15:43:28, said:

Let's see... that all was about three months ago.... Just now catching up Naam???

whether i catch up now or in five years is irrelevant. what counts is that this kind of debt/gdp/per capita nonsense has been published for years and is/will be published over and over again for ignorants to believe and/or to copy and paste in a thread that deals with Americans banking in Thailand.

[TallGuyJohninBKK]

Thanks for your contribution...as belated as it may be.

Information is just that... information... People are free to value it and interpret as they choose.

Maybe you should take up your grievances with CNBC, which obviously felt, rightly or wrongly, it was worth presenting.

Edited by TallGuyJohninBKK, 2012-05-20 15:55:26.

[Naam]

TallGuyJohninBKK, on 2012-05-20 15:53:49, said:

Thanks for your contribution...as belated as it may be.

Information is just that... information... People are free to value it and interpret as they choose.

Maybe you should take up your grievances with CNBC, which obviously felt, rightly or wrongly, it was worth presenting.

i don't have any grievances with morons or liars. those who believe what morons or liars are telling them should have grievances.

addendum: not to forget that those who copy&paste the rubbish that morons or liars publish should have grievances

Edited by Naam, 2012-05-22 15:01:44.