@wealthmoose Canada’s federal budget is roughly $450–$500 billion per year.
Foreign aid is $7–8 billion per year.
That means foreign aid is about:
≈ 1.5% of federal spending.
My house is on fire, let me save money by turning off the garden hose.
interest on debt is $55Bn per yr
Demand collapsed, foreign capital fled, the property sector cracked, and confidence evaporated.
Meanwhile, the U.S. entered a tech‑driven supercycle that pulled even further ahead. Foreign capital left China fast. Should probs circle back to this same graph in a year.
The Rise and Fall of the Chinese Growth Model
China was catching up. For two decades the formula was brutally simple:
real estate → local government borrowing → nonstop infrastructure → repeat.
It worked… until it didn’t.
By the late 2010s, the model was already hitting its limits. overleveraged developers, local governments drowning in hidden debt, and growth that required more credit for less output.
Then COVID was released in China and exposed every structural weakness at once.
@ihtshams *adjusts own tinfoil hat*
Alright, I’m ready..
We’re supposed to believe this was just about nuclear weapons? Meanwhile, the UAE walks out of OPEC for the first time in 60 years, and the Strait of Hormuz gets thrown into chaos, and China’s oil lifeline gets squeezed… mhmm
@ALBERTOACOSTAB Honestamente, los ecuatorianos votaron en contra del referéndum de 2024 a favor de contratos laborales más flexibles. Pensé que estas cifras serían peores. Aun así, no son buenas. Qué pena
First tweet in a while… guess it’s called X now.
@Drake - respectfully, it’s been a decade since we got a classic.
Forget the gambling/money for a sec.
Lock in 3 months.
We don’t need another vibe project.
We need a classic.
you were supposed to be a legend. Now win culturally
@LuisaGonzalezEc Si vas a lanzar cifras, actualiza los datos. Ese ‘70% de deuda’ solo existe en PowerPoints de la oposición, no en reportes reales. Y lo de ser ‘el tercer país más endeudado con el FMI’… por favor: Argentina, Egipto, Pakistán y medio G20 están años luz por delante.
@BannedVideos_@stats_feed Just to add to this, in case anyone gets confused by what you mean by external Debt. “foreign countries collectively hold about $8.5 trillion of the United States’ national debt. That’s roughly 23.5% of the total $36.2 trillion U.S. debt burden”
Any member of Congress who purchased stocks in the last 48 hours should probably disclose that now.
I’ve been hearing some interesting chatter on the floor.
Disclosure deadline is May 15th. We’re about to learn a few things.
It’s time to ban insider trading in Congress.