Serbia’s foreign debt down to EUR 24.21bn

Foreign debt is the death of the nation.

Germans lend Euros (with they create out of thin air) and Americans lend Dollars (which are also created out of thin air). Serbia must pay back these debts with interest in foreign currency (which it can't create out of thin air).

This means that Serbia must sell Dinars and buy Euros and Dollars on the so-called free market. The free market is of course a racket controlled by George Soros and Goldman Sachs.

When it suits them, Soros and Goldman Sachs will once again attack the Dinar and force its value down against the Euro and Dollar. The cost of imports will rise and the value of exports fall. This devaluation of the Dinar will then be blamed on the Serbian government.

Serbia should not borrow foreign currency to pay for things available in Serbia. It did not have to borrow foreign currency to build two bridges in Belgrade when it could have built them using Serbian companies and the Serbian currency. It could have created Dinars out of thin air to pay for the bridges, or it could have borrowed them from Serbian banks which, as all banks do, would have created the loan out of thin air. The first option is clearly best but either option is better than borrowing foreign currency.

OVerall debt down 1%, after the nightmare of Cvetkovic is good. Too bad the current government is unlikely to improve our economy significantly.

"Too bad the current government is unlikely to improve our economy significantly.
(Yaroslav,"


No government can improve anything. All government can do is steal what others produce, and give it to their supporting base for more votes/theft.


And all nationalised industries have to be filled with public/stolen money because they are always less efficient than the private sector.


When the people in the balkans understand that it is a communist hell-hole, than and only than can we move from the slavery of taxes and political incentives.

24 billion - that's a lot of money...
Perhaps Putin's example is a good one - as a first priority, get rid of the national debt, even if this creates temporary hardship.
Hopefully the politicians are more interested in national issues than their own personal interests.

"Too bad the current government is unlikely to improve our economy significantly.
(Yaroslav,"


No government can improve anything. All government can do is steal what others produce, and give it to their supporting base for more votes/theft.


And all nationalised industries have to be filled with public/stolen money because they are always less efficient than the private sector.


When the people in the balkans understand that it is a communist hell-hole, than and only than can we move from the slavery of taxes and political incentives.

Foreign debt is the death of the nation.

Germans lend Euros (with they create out of thin air) and Americans lend Dollars (which are also created out of thin air). Serbia must pay back these debts with interest in foreign currency (which it can't create out of thin air).

This means that Serbia must sell Dinars and buy Euros and Dollars on the so-called free market. The free market is of course a racket controlled by George Soros and Goldman Sachs.

When it suits them, Soros and Goldman Sachs will once again attack the Dinar and force its value down against the Euro and Dollar. The cost of imports will rise and the value of exports fall. This devaluation of the Dinar will then be blamed on the Serbian government.

Serbia should not borrow foreign currency to pay for things available in Serbia. It did not have to borrow foreign currency to build two bridges in Belgrade when it could have built them using Serbian companies and the Serbian currency. It could have created Dinars out of thin air to pay for the bridges, or it could have borrowed them from Serbian banks which, as all banks do, would have created the loan out of thin air. The first option is clearly best but either option is better than borrowing foreign currency.

OVerall debt down 1%, after the nightmare of Cvetkovic is good. Too bad the current government is unlikely to improve our economy significantly.

24 billion - that's a lot of money...
Perhaps Putin's example is a good one - as a first priority, get rid of the national debt, even if this creates temporary hardship.
Hopefully the politicians are more interested in national issues than their own personal interests.