by The_Streets October 12, 2017
Get the out of balance mug.The most wretched hive of scum and villany (other than YouTube comments). A place where everyone hates each other. A place where every country dreams of having another country's land. A place where a country can have 3 major ethnicities and not be destroyed by a civil war. A place where Muslims and Orthodox Christians fight all day. A place where every one thinks he's better than anyone else. A place where you want to stay away from.
Serbia: REMOVE KEBAB REMOVE STINKY TURK MUSLIM
Croatia: FUCK YOU SERBIA YOU OPPRESS EVERY MINORITY
Albania: FUCK YOU SERBIA KOSOVO IS ALBANIA AND MACEDONIA IS OPPRESSING US
Bosnia: Pls Halp
Srpska: LET ME GO STUPID BOSNIAN KEBAB TURK
Bulgaria: I don't know what they are even grumbling about. And I don't care
Macedonia: WE ARE BEST WE ARE TRUE MACEDONIANS GREEKS ARE TURKS ALEKSANDR WAS MACEDONIAN
Greece: FUCK YOU SLAVIC IDIOT YOU ARE A SLAV AND FUCK YOU TURKGAY INSTABUL IS GREEK
Montenegro: Serbia, I thought you were better than that.
Romania: I AM NOT A FUCKING GYPSY YOU PIECE OF SHIT YOU DONT KNOW AND YOUR COUNTRY SUCKS BLABALALBALBALBABLA...
Slovenia: I AM NOT IN THE BALKANS, I AM IN CENTRAL EUROPE
Turkey: I hate you all. Passively. Also, I'm in Asia, not in Europe.
Moldova: Don't know, don't care
Kosovo: I don't even know what I am
Croatia: FUCK YOU SERBIA YOU OPPRESS EVERY MINORITY
Albania: FUCK YOU SERBIA KOSOVO IS ALBANIA AND MACEDONIA IS OPPRESSING US
Bosnia: Pls Halp
Srpska: LET ME GO STUPID BOSNIAN KEBAB TURK
Bulgaria: I don't know what they are even grumbling about. And I don't care
Macedonia: WE ARE BEST WE ARE TRUE MACEDONIANS GREEKS ARE TURKS ALEKSANDR WAS MACEDONIAN
Greece: FUCK YOU SLAVIC IDIOT YOU ARE A SLAV AND FUCK YOU TURKGAY INSTABUL IS GREEK
Montenegro: Serbia, I thought you were better than that.
Romania: I AM NOT A FUCKING GYPSY YOU PIECE OF SHIT YOU DONT KNOW AND YOUR COUNTRY SUCKS BLABALALBALBALBABLA...
Slovenia: I AM NOT IN THE BALKANS, I AM IN CENTRAL EUROPE
Turkey: I hate you all. Passively. Also, I'm in Asia, not in Europe.
Moldova: Don't know, don't care
Kosovo: I don't even know what I am
by flamewarr alertt July 29, 2015
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by ToastaptaLidl December 9, 2019
Get the Balance team mug.by Tenorgirl1 January 2, 2011
Get the Baldanzi mug.the sum of the capital account balance and the current account balance; put another way, the net change in financial reserves of a country, whether in the form of income (current account) or foreign investments (capital account)
For example, in all years since 1980, the USA has run a large-to-huge current account deficit, but in most years it has run a capital account surplus that is almost as big as the current account deficit. As a result, the USA has run a medium-to-large balance of payments deficit over this period.
A commonly-overlooked byproduct of BoP is that it determines whether or not a currency can be used as an international reserve currency. Despite repeated efforts by the governments of the EU and Japan to get their currencies established as such, they have failed to dent the US dollar's global primacy as the money for international transactions. This is because EU member states and Japan (as well as other major economies) run very large surpluses in their BoP. Japan, in particular, imports extremely little, and retains huge reserves rather than invest all of its net export earnings overseas. As a consequence, overseas holdings of euros or yen are much to small to serve as an alternative to the US dollar.
For example, in all years since 1980, the USA has run a large-to-huge current account deficit, but in most years it has run a capital account surplus that is almost as big as the current account deficit. As a result, the USA has run a medium-to-large balance of payments deficit over this period.
A commonly-overlooked byproduct of BoP is that it determines whether or not a currency can be used as an international reserve currency. Despite repeated efforts by the governments of the EU and Japan to get their currencies established as such, they have failed to dent the US dollar's global primacy as the money for international transactions. This is because EU member states and Japan (as well as other major economies) run very large surpluses in their BoP. Japan, in particular, imports extremely little, and retains huge reserves rather than invest all of its net export earnings overseas. As a consequence, overseas holdings of euros or yen are much to small to serve as an alternative to the US dollar.
Since the oil embargo of the 1970's, the US has run a balance of payments deficit because its trade deficit was enormous; prior to the embargo, the US BoP deficit was large because the US exported such an enormous amount of finance capital. As a consequence, the balance of payments deficit has persisted since the end of the Korean War (1953).
by Abu Yahya February 14, 2009
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