reply to post by THE_PROFESSIONAL
Libya and Iran have little to no debt because of Oil and the Islamic principle that Usury is evil. Which it is.
China has low national debt because they compartmentalize their debt into Provenances. Each regional government however has an astonishing level of
debt, which they used to build their economy even when there was no growth. China is actually one of the many countries in the World right now on the
verge of collapse.. they will however inflate their way out of their own debt because quite frankly they have no regard for the financial well-being
of their poor, and the weaker the currency the better the exports.
China is in fact very, very, very broke.


