8. The Costa Rican Economy is Poised for Massive Growth.

That's some total bullshit in that 2017 article.



Costa Rica, for those that don't know it, is on the precipice of an economic disaster. The CAJA is unsustainable (both national health and old-age pensions / social services). Government revenues are insufficient.

The Organisation for Economic Co-operation and Development assessment team that reviewed the country's financial state in 2017 only had one tool in their tool box. Tax the Phuck out of everything. Oh, wait, they had another - strangle businesses even more than Costa Rica does now with more taxes, tariffs and regulations. Salient point was to tax the Phuck out of tourism, the only economic sector that's a bright spot. Yeah, and the team was headed by a former Portuguese development minister... because, Portugal is such a booming economy.

So ol' Carlos Alvardo, newly minted President, takes the OECD-approved plan to the legislature and they shit. Nope, nope, nope. Carve outs for this, carve outs for that. The oligarch families that run the country have to keep getting stupid rich you know. Rules and laws are for Jose and Juanita, not the Arias's and Solis's and Figuerras and such.

And the unions and associations have been protesting. Meanwhile the top-level government types are retiring with pensions of CRC 3,000,000 - a month and higher!

And the Banco Central de Costa Rica has been bleeding money propping up the colonne. Predictions are that they are going to try to do a controlled bleed to CRC 580 to $1 over 2018.

Substitute USA and congress and the elitists and teachers/government unions and deep state, mix it up with massive illegal immigration from uneducated and often criminal people, not enough millenials to support a rapidly exploding baby boomer retirement bonanza, spiraling health care costs and imbeciles touting socialism and promising boatloads of free benefits and you can relate your admonishment to the USA...

The US public debt to GDP ratio is a bit over 2%. Costa Rica's is over 24%.

In a Roadrunner cartoon, Costa Rica is Wiley J. Coyote treading air some 50 feet after running off the cliff. No matter what, he's going to fall. Using the same analogy, the US is miles away from going off the cliff (doesn't mean we won't).

The US public debt to GDP ratio is a bit over 2%. Costa Rica's is over 24%.

In a Roadrunner cartoon, Costa Rica is Wiley J. Coyote treading air some 50 feet after running off the cliff. No matter what, he's going to fall. Using the same analogy, the US is miles away from going off the cliff (doesn't mean we won't).

The US public debt to GDP ratio is a bit over 2%. Costa Rica's is over 24%.

In a Roadrunner cartoon, Costa Rica is Wiley J. Coyote treading air some 50 feet after running off the cliff. No matter what, he's going to fall. Using the same analogy, the US is miles away from going off the cliff (doesn't mean we won't).

First of all, they need to get a dollar bill closer to U.S. $1.00. Then it just may be time to drop the gold doubloon standard, massive heavy coins that all look the same, 4 or 5 ounces worth = .56 cents...shows a backwards mismanaged economy just in that aspect alone.