Near the top??
Murica #1
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Not true on a per capita basis.
Use the log scale on this site to get a better understanding. True the US is behind many other countries but it seems the countries that do the best have a leadership that has the people working together on a common goal to combat a threat to the population. Most notably those in SE Asia and especially New Zealand. The EU like the USA has many states that are not coordinating to fight this enemy, thus arenât doing so well. Neither is India for many of the same reasons. If there were bullets being fired and bombs dropping perhaps things would be different. Almost half as many US citizens have already died from this disease in the last 9 months as died in all of World War II. But there is no national coordinated to effort to win this war in the USA or the EU. In the end there will be millions dead or disabled and economies destroyed due to ignorance instead of bombs and bullets.
Well the only country that is close on total cases is India, but they are way behind on cases per mill. and total number of deaths.
Brasil is catching up on number of cases per Mill. but is way behind on deaths.
The only country of any size that has more cases per Mill. is Peru, all others are mini states, like Qatar, Bahrain etc.
Andorra, French Guiana and The Vatican beat you in cases per Mill. though.
Update: forgot to add link to the statistics I referred to:
thats all?
No that is not all!!!
A lot of drilling rigs that is actively being marketed as available, or even working but not likely to find new work when coming off contract, will need to be scrapped, or converted to other type of operation:
the debt of drillers is like 10-50 times the scrap value, lots of haircuts coming.
This is true, been taking oil into Vancouver constantly throughout the COVID ordeal.
There are requirements we have to meet and COVID paperwork to do, but we are still making the run.
Itâs bankruptcy for profit. Itâs a business plan.
Paul Romer wrote about it years ago.
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There is also the angle of viewing a country like a business.
The country prints money to loan to its banks to loan to its shipyards that may make no real profit except for the sale of a vessel gains foreign dollars for that government.
So if you then have a chain of bankruptcies the gov still has the original foreign dollars and prints a few more local dollars to smooth out the internal problem
Never looked at it that way, interesting concept.
There is no such thing as âForeign Dollarsâ.
If a foreigner buys a US-built ship, he changes her price from his currency into USD and transfers these USD to the shipyard. Period.
If the shipyard sells the ships at a loss, it will not survive; the government can print money to save the yard, then the loss is transferred to the governmentâs books.
The USA can print a lot of USD, as long as the USD will stay the worldâs main reserve moneyâŚ
so the USA never makes money from exports?
Its the reserve currency because people are buying it and they get interest from bonds sold in USD
Where did I write such a non-sense?
YOU wrote about American shipyards selling foreign at a loss, going bankrupt and being salvaged by the government with some mystical âForeign Dollarsâ.
As for currency reserves:
The USA are the only country that does not really need currency reserves; their currency is still the worldâs main reserve currency!
All others need foreign reserves in a highly liquid currency, to be able to influence the exchange rate of their own currency, and to have a worldwide accepted currency to buy essential products in an emergency.
USA Dollar printers are working overtime.
I knew a fellow that made and repaired punch presses for the U.S. Mint in San Francisco. To test them he had a coin called " aroundtuit". I gave the last one I had to my friend on his 80th birthday, He finally got a round to it!
For years the âconservativeâ party moaned about the national debt and putting a burden on the children and grandchildren of the citizens to repay the debt. But the âconservativesâ sure run up the debt when they are in control. The so called conservatives have adopted the modern monetary theory which is not a bad thing IF they used MMT to help the general population instead of just the 1%. In actuality they are not fiscally conservative only socially, within limits. 
http://goliards.us/adelphi/deficits/index.html
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I donât think he said âAmerican shipyardsâ.
BTW; There are other dollars than US Dollars. Since most trade, incl. in ships, are executed in US Dollars they become âforeign dollarsâ to a shipyard in say Singapore, or Australia.
PS> Powerabout is an Aussie living in Singapore.
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I knew; therefore I was wonderingâŚ
âForeign Dollarsâ exist, in all other countries than the USA, they are their reserves, but not in the USA; there they are their own currency.
The secret is be the worldâs reserve currency. The US Treasury can print trillions of dollars and at the same time the US Federal Bank buys them in the form of bonds. So there is a self created market for the printed money all based upon the USA being able to pay the money with a little interest over time. So long as the USA has a stable government and it has thus far, the bonds are considered to be good. Should the USA become unstable and lose the faith of the borrowers then the USA would lose its reserve currency status. At present the USA is maintaining its reserve status simply by being the lessor of the of the other evils.
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