Posts

Showing posts from January, 2023

Japan's Debt A Short Briefing Blog

Image
By time, we've seen several countries going default due to very high debts which ranges from Billions to Trillions of dollars. Like Sri Lanka, the most recent country to declare itself a default nation because they admitted that they're now unable to pay their debts of more than 50 billion USD.  But we've seen these huge unbelievable figures of debts in some developed nations also like USA and China but their % is relatively low as compared to their GDPs. Meanwhile Japan holds 8,466.7 billion USD which is about 226% of Japanese GDP, in debt as per the Google last updated in Oct 2022. this huge debt has several reasons of its existence like; *   The country first faced economical setback in 1990 which was followed by constant GDP downfall that lasted for a decade.  *  Another economic collapse in 2008, and Tohoko/Fukushima disasters greatly impacted Japan's GDP which ultimately led to higher debts. * Then Covid trauma equally affected Japanese financial situation lik

Urge For Nuclear Supremacy

Image
  In the final quarters of last year, Russian President Putin gave clear warning that if USA didn't back out on supplying heavy weaponry aid to Ukraine than he will not going to think twice before using nukes. And that statement made President Biden go furious he too replied by saying if this happens USA is going to defend every inch of land in Europe. Now everybody knows that Putin's mindset is not restricted to just warnings, we saw that on the matter of attacking Ukraine like when he first issued warning about war nobody thought that its actually gonna happen, and so is the situation now, he has already installed Nuclear fittings on the border of Sweden and Finland. If we talk about the statement of Biden, real thing is that if a nuclear war really happens then there will not be an "inch" remaining to defend there in Europe. Because practically even if Russia is going to use minor nuclear bomb, that too will immediately kill 100 Million lives on that specific piece