1. Sovereign nation-state 2. Has its own sovereign currency 3. Has debt denominated in its own sovereign currency 4. Mostly has domestic debt 5. No way that nation-state will default on that debt Fiat currency is a financial slavery system. Very few understand this. Learn MMT for more
at 25:34 She asked an excellent question. And you can notice how he doesn't really have a clue how to answer that question to not show the lack of knowledge about it and simply avoid answering it by just saying "We don't have to care" and suddenly move to some other religious topic out of her knowledge instead. You can see how reluctant she was thereafter which is.... such a shame. If only he can be a little bit more humble though
1. If GDP grew 5% per year 2. Minority, 20%, rich people who are holding 80% of total wealth in Thailand growing 20% "richer" 3. How much majority, 80%, poor people who are holding 20% of total wealth in Thailand have to be "poorer" to compensate how richer those minority grow? 4. Then, 5% GDP growth means anything with that result?