🇯🇵How Japan Became the Poorest Country in The World 🇯🇵
In this video, nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z and James Lavish help me understand why a country's debt burden can have devastating effects on people's lives and how #bitcoin fixes this.
Full Video Here: https://youtu.be/C_-to3VCh9c https://v.nostr.build/OvlY.mp4
I think it's not be because I'm living in Japan but did your video oversimplify about what governmental debt and the recession in Japan are?
For example, Japan's governmental debt does not contain whatever money unlike other countries with huge debts.
The birth rate was already extremely low even when Japan was in the era of desolation. To me the conclusion was falsely derived because of it.
Yes Japan has a current account surplus (exports more value than imports), so the large debt isn't as much as a problem like in the US. The gov is still basically bankrupt though, and the cheap yen / rushing prices are putting a lot of strain on poorer people. So people don't start families, making the debt problem worse (due to having to support an aging population with pensions, health care, etc.)
