Comments by "Valen Ron" (@valenrn8657) on "It is quite ‘naive’ to think that Chinese balloon was just for ‘weather’" video.
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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), Australia's mandated large-scale savings started in the the1980s under the Labor government.
Canada, $3,080 billion, 192.5% (CPTPP member, Nordic model)
United Kingdom, $3,564 billion, 135.1% (near CPTPP member, Nordic model)
United States, $32,567 billion, 156.5%
(I don't have data for NZ)
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%
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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