Quote:
Originally Posted by gregbradley
For example how the hell did Japan, who 15-20 years ago was being touted as about to become the world's largest economy end up being #4 in the world and over 200% national debt?? Wow, they messed it up, it was in their hands at one point. They have the highest national debt.
The Western bankers fixed them up but good.
Greg.
|
Japan may have the highest national debt, but 'Western bankers' had very little to do with it. Uniquely, Japanese government debt is almost entirely internal, "
Foreigners, mainly central banks, account for just 5%." (Source: 'The domino that never falls', The Economist, 21 July 2011).