hipchickie
counting the days
- Joined
- Dec 5, 2005
- Messages
- 1,001
Just because a country isn't a third world country doesn't mean they are rich. Japan has the world's highest debt to GDP ratio - 200 percent - more than three times the United States' burden.
Japan has (by some estimates) external investments of $3 Trillion. They also have a solid government and japan has a long history of raising money from their own citizens and institutions through bonds and lending.
Even if the US had 3x the debt, I would never think to call us poor.
but anyway, I am not trying to talk anyone out of donating to Japan - the question was asked and I gave my viewpoint.
Donate to where and what you want to, but I hope anyone that has the means to does donate, to where ever your heart tell you