War

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Well-Known Member
DIY-HP-LED said:
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.
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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.
 
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DIY-HP-LED said:
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.
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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.
 
DIY-HP-LED

DIY-HP-LED

Well-Known Member
printer said:
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.
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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.
 
DIY-HP-LED

DIY-HP-LED

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printer said:
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.
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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

JamieThePainter

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BudmanTX said:
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
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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?
 
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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
 
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Well-Known Member
DIY-HP-LED said:
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.
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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

BudmanTX

Well-Known Member
JamieThePainter said:
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?
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and these so called people are the Russians aka United Russian Party.....or as i like to call them the Nazi Party 2022
 
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DIY-HP-LED said:
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.
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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

DIY-HP-LED

Well-Known Member
printer said:
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?
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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.

www.norden.org

The Norwegian pension system

Here you can read about how the Norwegian pension system is structured.
www.norden.org www.norden.org
 
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DIY-HP-LED said:
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.

www.norden.org

The Norwegian pension system

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

DIY-HP-LED

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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!o_O

www.bbc.com

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 www.bbc.com
 
DIY-HP-LED

DIY-HP-LED

Well-Known Member
printer said:
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?
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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.
 
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