Is it? I thought we were the fifth largest economy because they decided to count debt as wealth, an original form of accounting which spreads a lot of (temporary) happiness but might land us in the Marshalsea before it's all over.https://twitter.com/lord_redmond/status/1219685536673210368 …
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How the Gulf’s petrodollars lubricate the British economyhttps://www.newstatesman.com/AngloArabia-Why-Gulf-Wealth-Matters-Britain-David-Wearing …
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Really? Perhaps you can name an "oil sheikh" who actually HAS 800 billion dollars? I have a different concern - when, say, a German family buys four sandwiches and coffees in a London café, and pays with a German bank debit card, why DOESN'T it count as "exports"?
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I exaggerated a bit but not really. It's all private information about how much money these oil sheikhs move around in London. Point is , the GPB is the boutique reserve currency. The boutique oil currency. ://dailym.ai/XsyPRS via
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No, it doesn't. Revenue for banks on the assets (eg asset management fees) do.
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London is the financial capital of the world for the dynasty money , the monarchs money , the Sheikhs money, the sovereign money. Moving this kind of money around adds up. Servicing this money adds up too. It's the UK's biggest industry.
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My friend who has worked in a remote part of China for the past 12 years, and has been coming back to the UK every summer, says it looks shabbier by the year. And it’s not getting any cheaper to live here either.
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Utter claptrap. No it doesn’t. Private wealth is not counted in gdp.
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It's not private wealth. These are monarchies
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Ireland?
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Čini se da učitavanje traje već neko vrijeme.
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