Comments by "Valen Ron" (@valenrn8657) on "NBN being 'absolutely smashed' by Elon Musk's Starlink satellite service" video.

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  11.  @DanielSMatthews  Australia (26.1 million population, 2022) should be compared to South Korea (51.6 million population, 2022) SK = $1.811 trillion USD (2021) AU = $1.553 trillion USD (2021) The South Koreans are giving Elon Musk a headache. Why is Australia's GDP so high? Australia's US$7.3 trillion financial sector includes the world's fifth-largest pool of pension assets. From GPAS__2021 pdf Pension (mandated nanny state saving funds) vs GDP ratio for 2021 Five Eyes/Five Passport Group, Australia, $2,333 billion, 174.8% (CPTPP member, Nordic model), Canada, $3,080 billion, 192.5% (USMCA, CPTPP member, Nordic model) United Kingdom, $3,564 billion, 135.1% (CPTPP member in July 2023, Nordic model) United States, $32,567 billion, 156.5% (USMCA member) (I don't have data for NZ) Notice the Five Eyes group has similar pension assets to GDP ratio results Large-scale mandated savings funds enable the government to issue government bonds and large-scale bond buyer markets! EU Finland, $279 billion, 104.3% (Nordic model) France, $166 billion, 6.5% Germany, $548 billion, 14.5% Italy, $231 billion, 12.5% <----- PIIGS Netherlands, $1,900 billion, 214.4%, (Nordic model) Ireland, $197 billion, 49.4% <----- PIIGS Spain, $44 billion, 3.6% <----- PIIGS The EU lacks strategic savings coordination. Non-EU, Europe Switzerland, $1,163 billion, 164.3% (Nordic model) North America Mexico, $259 billion, 24.9% (USMCA, CPTPP member,) Canada, $3,080 billion, 192.5% (USMCA, CPTPP member, Nordic model) United States, $32,567 billion, 156.5% (USMCA member) South America Brazil, $195 billion,14.3% Chile, $243 billion, 99.2% (CPTPP member) East Asia, South East Asia China, $285 billion, 1.9% Hong Kong, $199 billion, 58.3% Japan, $3,613 billion, 73.6% (CPTPP member) South Korea, $968 billion, 61.0% Malaysia, $279 billion, 83.0% (CPTPP member) South-Central Asia India, $184 billion, 7.1%
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