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  1. rubyjackass

    what would Happen to a Country if its Loan is Written off ?

    Frking!! Seriously?!! I saw people complaining about the high coupon rate and thought Pakistan must be in trouble that is why they had to issue such high rate bonds. Now I feel suspicious that the high rate may be fixed. Only one guy buys that much?!! Is this confirmed news?
  2. rubyjackass

    Bihar : What Went Wrong ???

    Where do you get these numbers? :hitwall: Don't degrade Nalanda's dignity with your joke numbers.
  3. rubyjackass

    Pakistan Loses UN HRC Election, Thanks to Failed PMLN Foreign Policies

    The problem is not Pakistan losing a seat. If Pakistan thought it would loose, they should have pulled out of the candidature. The country would have avoided a defeat. Losing is also fine when the stakes are high and there are worthy rivals. But that is not the case here. This is not his area...
  4. rubyjackass

    what would Happen to a Country if its Loan is Written off ?

    So you are saying population growth is not a problem for Pakistan? It is there. But if you care more about your country than your money, then it will help Pakistan's economy. That is better than an American hedge fund buying Pakistan's bonds and drawing 8.5% interest. The high interest will...
  5. rubyjackass

    what would Happen to a Country if its Loan is Written off ?

    India is still continuing population control measures. The laggards are states like UP and Bihar where illiteracy is rampant and government messages don't reach effectively.
  6. rubyjackass

    what would Happen to a Country if its Loan is Written off ?

    I said population control is badly needed, in Pakistan especially since fertility rate is more than 3. When it reaches below 2, the measures should be softened. I am partly serious. The bonds are risky if you simply see it as an investor. But as a Pakistani, you would be helping the country...
  7. rubyjackass

    what would Happen to a Country if its Loan is Written off ?

    I understand. You have higher standards. :) I will be content if there is no extreme poverty in India. Sub-$10000 percapita is ok. True. But we know(i mean we believe with our hearts) our governments don't default. If you are patriotic enough, you wouldn't mind. All the Pakistanis in the West...
  8. rubyjackass

    what would Happen to a Country if its Loan is Written off ?

    I will explain this simplistically in as few lines as possible. Banks give loans to people who can return them not to those who need them. Same with loans given to countries. If people have no-confidence that you will return them, they will demand more interest from you. The $20bil reserves of...
  9. rubyjackass

    what would Happen to a Country if its Loan is Written off ?

    Foreign debt is used to balance budgets. $500bil budget means around 5 times that as GDP. That will put Pakistan's GDP percapita at $12500. That is not a country with basic needs. :D That is a rich country. I think you mean to say you need $500 bil GDP not $500 bil budget. But you are right...
  10. rubyjackass

    what would Happen to a Country if its Loan is Written off ?

    Of course. That I thought is a reasonable assumption. There is always someone to buy everything. And that someone will prefer a country with devalued currency to buy stuff. Hahaha. No I meant 50 is easier for calculations. Like it is easier to calculate x% of 50 and to calculate 50 as...
  11. rubyjackass

    what would Happen to a Country if its Loan is Written off ?

    Just saw your post bro. Anyway its a hypothetical scenario. And 50 is a better number than 75 :D
  12. rubyjackass

    what would Happen to a Country if its Loan is Written off ?

    2014–15 Pakistan federal budget - Wikipedia, the free encyclopedia Pakistan's budget has no revenue deficit. Fiscal deficit is only 5%($10 bil) of Pakistan's GDP. Whereas the savings on debt servicing will be $6.5 bil(at 8% interest will be $4 and $2.5bil principal, assuming 20 year period) per...
  13. rubyjackass

    what would Happen to a Country if its Loan is Written off ?

    All foreign debt is typically dollar denominated. Most public debt will be in local currency. Spare him bhai. :stop:Bechara, I think he meant to see how the hypothetical scenario it would be. Its a fun exercise. Let us see. I found this: The Express Tribune Explains Pakistan's Foreign Debt...
  14. rubyjackass

    Imran and Reham fomally agree on Divorce.

    @baqai bhai I don't remember IK saying anything about the marriage publicly until he was forced to. He tweeted or something after everything was decided in private and people were expecting a statement. I don't think IK really thought she would complement him in party activities. A marriage at...
  15. rubyjackass

    what would Happen to a Country if its Loan is Written off ?

    That is an interesting thought experiment. There is foreign debt and public debt. Can someone post the figures for both?
  16. rubyjackass

    Onsite opportunity: Does it take extraordinary IQ (Intelligence) to get abroad posting in IT?

    Just join a consultancy which has projects abroad. Nothing else matters. Sooner or later you will go out. Beware, if you are a genius, they will feel threatened and won't send you there. :D
  17. rubyjackass

    Raghuram Rajan's address at IIT Delhi: Tolerance is essential for economic progress

    Leftist =/= Marxist So you have left a whole bunch of people who for example do not want to destroy religion like Marxism wants to. And they are a majority. I agree that Kerala has become Islamo-radicalised especially with Gulf money now. Leftists attacking a temple has a background in...
  18. rubyjackass

    Imran and Reham fomally agree on Divorce.

    I did make my point. Say what you want to. Just don't divert the topic. You might think this is a personal matter. That is not true at least practically in our countries. So please stop trying to shut down people. Try to impose your standards of 'non-interference in personal life' somewhere...
  19. rubyjackass

    women take a stand, stop karva chauth

    Did not know that. Looks like my friends are irresponsible husbands. :lol: I only saw the half done by women, when I was quite young. I don't remember everything, but the ritual was tiring!!:feminist: I need not do it by rules yet. But I was given an offer to do it(to fast and everything. I...
  20. rubyjackass

    Imran and Reham fomally agree on Divorce.

    But you did. So leave this thread alone if you cannot add to it. You are one of those idiots who goes to gossip columns of newspapers and comment there saying 'Folks!! Branjelina's kids are their personal matter. Mind your business' :crazy: I wonder how much schooling you will do to other people...
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