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Why Asia Is Not The Boom Economy The Media Tells It is

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posted on Sep, 13 2012 @ 09:42 AM
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So the media loves to tell us about the 'Pacific Century'. They love to tell us how much China is rising and how there will be a Korean car in every home in the US. Wrong. Nations like China, Vietnam and South Korea are swimming in debt. The average South Korean for example has a debt to income ration of 155%...that is bankrupt. How is that Asia stuff working for you?



thediplomat.com...




posted on Sep, 13 2012 @ 10:05 AM
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What about the $16 trillion debt of the US?



posted on Sep, 13 2012 @ 10:41 AM
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you reference the average citezen as having 155% debt to pay ratio making him bankrupt...

hmmm wow americans must have 500k a year as minimum wage to cover their mortgages...

*end sarcasm*
ok maybe they are being payed in pennys in comparison
but maybe their house-prices aren't over-inflated and they have alot less debt as whole

the reason they are booming is because they are WILLING to work for less than westerners
u guys should have said something when they started destroying your industrial infastructure



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