From a Different Viewpoint

We have to ask that what developed country is. According to World Bank, a high-income economy is defined by World Bank as a country with a gross national income per capita $ 12,056 or more in 2017, calculated using the Atlas Method. While the term "high income" is often used with " First world" and "developed country", the technical definitions of these terms differ (World Bank,2018) Of course, the gross national income per capita is not really enough to demonstrate people's, who live in high-income countries, welfare level. Therefore, in economics, we use the Gini Coefficient to measure the distribution of income.  Gini Index The coefficient ranges from 0 to 1 with 0 representing perfect equality and 1 representing perfect inequality.  A country can have a high income, but it does not mean that in a country every single person gets the same living standard. Firstly, we have to check GDP per capita of countries and then we ought to...

Inside job is the documentary about the 2008 economic crisis. The documentary investigated that why nobody tried to stop the crisis before it happened.

In the world, lots of radical things are happening recently in developing countries which became more productive than ever during monetary easing such as Argentina, Brazil, Turkey. All of them got investment from investors who ran away from developed countries due to minus interest rate. The first time the purpose was to raise the inflation rate significantly in the market before falling under minus because the interest rate shows consumer perception which means if consumer perception demonstrates the central banks that consumer  behaviors  change for nonconsumption, then central banks start printing money for stopping decayed inflation rates. In 2008, a lot of central banks overprinted money again and again. The printing money leaked in developing countries as an investment. It is a fundamental economic theory in macroeconomics. If the interest rate is low to get credit, then people take some loans from banks to invest in countries, which offers the highest interest r...

The financial sectors are covetous all the time. They want more money, further money. They got used to earning a lot of money from the derivatives market. Do you ever think how financial crisis start all the time? We had the big economic crisis, which is the biggest economic crisis in the world's economic history, in 2008. You can see that if you look carefully. 50 million people went down under the limit of poverty, but on another hand, many bankrupt companies belonged to them. Is that interesting? Can you imagine, a company went bankrupt but the company owner got richer. How did it become?  In 2008, many financial companies were selling the special bond, which has the risky mortgage. That mortgage was very risky because many poor people had those and nobody refunded again, but nobody knew that and many people bought that like it is crazy. After that, many mortgages were not refunded by poor people and a lot of bank's budget fell down suddenly. Bankers w...

March 19, 2018 Russia says it has new nukes that are impossible to intercept, the US earlier announced that it will spend 700 billion dollars for military and defence. Is this the start of a new arms race? Do they spend a lot of money for What? The answer is definite: Nothing! Imagine the Russians are humans and also the Americans. Briefly, everyone is humans, nobody is coming from other planets. Then why are people trying to kill each other all the time? The US made a statement about spent 700 million dollars for the defense industry and Russia gave a reply to the US alike same. Everybody is keen on the third world war. There is a few possible reasons , 1- D. Trump wants to be a big leader in the history of the US 2- Putin wants to resurrect Soviet Russia again The World has many problems due to the politicians who always argue with each other like monkeys. Soldiers are going to a war zone, not the politicians that is why the politicians argue to other countries...

China made a statement about the U.S. decision and said, we will put extra taxes for the U.S. goods. Good, good! Every country puts extra taxes, produces even nuclear bombs at least. Everyone kills each other, we missile hydrogen bomb toward the moon. I think everyone wants that at least. Every country fell hostility against each other now because of Syria war. Every country is nervous and we talk about the extra taxes for import. Please, everyone, wake up at least. Probably, we don't remember the second World War. Seventy million people lost their lives in that war. If we have a new war, few billion people will die probably in that war because we have nuclear bombs this time.  The U.S. has many manufacturers in the domestic. Many goods are produced there by Americans. D.Trump wants that they come back to the U.S. because he personally believes that if they come back to the United State then Americans will have new jobs. That is right, Americans will have many new jobs...