Quote:
Originally Posted by Ronin4hire
Japan doesn't need money. It's the 3rd richest country in the world.
F*ck that. I'm not giving them a cent.
I've already made it clear that if we can offer our help in another way then fine. But not my money.
As for macro economics. I know what it is morons. I just fail to see how it's a justification for recieving charity.
I mean how does that work? Give charity to those that have the most?
|
Exactly how rich is Japan? Currently Japan is holding nearly $11 trillion dollars in debt. Japan is also the second largest holder of foreign debt in the world. Once it starts selling foreign treasury bills and foreign bonds to pay for reconstruction, the economies of the countries who issued these bonds are going to have problems as well, including your own country. When you have to start paying more for everything you buy then perhaps you will start to understand.
Governments sell bonds in order to raise money to pay for things like publics works projects and such, and this gives them the ability to pay back the amount of the bond over time, which also allows them more flexibility in funding things like education, healthcare, and pensions. When the world's third-largest economy and second-largest holder of these bonds decides to cash-out, this depletes the currency reserves of the country which issued the bonds, leaving less money in the economy. And if Japan is going to cash-out on it's foreign bonds, it certainly not going to be buying any new ones, which makes it hard for the countries who issue these bonds to fund their operations and obligations.
This means that everyone in the world has less money, and in the end, those most hurt are the little black babies, since the rest of the world has less money to spend for things like charity.