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Strategies & Market Trends : The coming US dollar crisis
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To: axial who wrote (20933)6/23/2009 11:53:24 AM
From: GST2 Recommendations  Read Replies (1) of 71455
 
<Everybody knows the Japanese have a high saving rate>

But apparently not everybody understand the difference between countries with massive savings and countries with massive debts.

<You've conveniently ignored (or have no rational explanation for) debt-to-GDP in Australia... thus the argument that high debt to GDP always causes failure of the economy is twice defeated.>

You have ignored the fact that the impact of the debt-to-gdp ratio is a function of whether a country has a current account surplus or deficit. You seem not to be able to see how things work. Japan and China are not debtor nations even though they both have substantial government deficits -- they are the suppliers of global credit. We are on the other side -- we are the debtor nation. You still operate under the false impression that Japan's debt and our debt are somehow similar in nature and impact -- nothing could be further from the truth.
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