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2024-09-15 11:45:23

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💸📊🏦💼🔍💰📉👥 Luxembourg’s $170K GDP Per Capita: Why Most of It Isn’t Reaching the People
In the past I have shown you a chart of GDP per capita of Luxembourg ranking first in the world of countries at 170.000 USD per capita.
But Luxembourg doesn’t seem like a 🌴🐠🍹tropical paradise for all its people. Look at the post below that I’m reposting.
You see: GDP is what “we” earn together. And you have to check well who the “we” is.
In case of Luxembourg “we” seems to be “companies”. Capital. Soparfis.
Let me explain:
GDP is total of wages, rent, interests and profits + Taxes…
Would be interesting to see for Luxembourg:
- what the profit and interest share is of that GDP
Theoretically it could be the greatest part of that GDP coming from profits and interests of those Soparfis instead of from wages.
You then get a superhigh gdp per capita of 170.000 USD ranking you first on the global chart of countries.
But it is “all” going to capital and to the government (taxes on goods and services). It is not going to the people.
You might as well divide it to the number of soparfis.
GDP per Soparfi instead of GDP per Capita.
There are measures other then GDP. Like the gini coefficient (a measure of the skewness of the income distribution). There is the Multi dimentional Resiliency index (how resilient) is a country.
There is the SDG goals: measuring the quality of the lives of in this case the people of Luxembourg accross 17 goals.
Apparently Luxembourg has a one pillar economy: instead of tourism like many Caribbean islands Luxembourg runs on … Finance. Investment banking. Capital storing their wealth there. And when you are small and you are the place to be to store your wealth, you get a high gdp per capita.
If you want to know more creating island wealth and living the dream island lifestyle: join my VIP Lounge for free: https://bit.ly/iw-summer-academy
Runy
Island Wealth
How is Luxembourg with its dependance on Finance, using Bitcoin and Lightning???
Do you know? relay.usefusion.ai

2024-09-15 11:45:23

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2024-09-15 11:40:11

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🛢️🌍💸 📉🛢️ Could Saudi Arabia’s Oil Move Impact Your Caribbean 🍹📉Purchasing Power?
Saudi Arabia set to use Yuan instead of dollars for Oil payments.
The relationship with China keep strengthening up to the point that Riyadh is now recruiting 175 Chinese language teachers to teach in secondary schools in the country.
Something big is on the way! 🇸🇦🇨🇳
Source: Wall Street Journal
If you think this move of Saudi Arabia doesn’t affect the value of the US dollars and your Caribbean currency - NAF, ECU dollar, JAM $, think again.
https://www.ceicdata.com/en/indicator/saudi-arabia/crude-oil-exports
Here is a PDF for starters about how much oil Saudi Arabia exports to BRICS+.
- Just start with 7 million barrels a day and then add up China, India, Latin America etc.
- Multiply by 60-70 dollars per barrel
- times 365
- and imagine that less demand in dollars in a world where dollars are being printed like crazy by the FED.
- imagine a drop of 15- 30% if your purchasing power.
Let me know what you think
Runy
Island Wealth Channel
If you want to learn more: join my VIP Lounge to learn more soon about how to create and preserve your island wealth
https://bit.ly/iw-summer-academy
How will this affect Bitcoin? What do you think?
Let me know. relay.usefusion.ai

2024-09-15 11:38:32

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#WatchOutBitcoin #WoBitcoin del 27 al 29 de septiembre en Madrid.
Entradas en wobitcoin.org
Nos vemos allí
https://youtube.com/shorts/b4i23yaSOMs
relay.usefusion.ai