Saturday 6 October 2012

A financial lesson for us.

So how come rich Western countries have a huge debt and are going near-bankruptcy, but most East Asian countries with average/modest resources almost always have a yearly budget surplus? The answer is simple: Western countries borrowed interest money that they cannot afford in order to spend it on projects & luxury infrastructure in the hopes of making profits & repaying the debts, which never happened. East Asian countries on the other hand only spend WITHIN THEIR MEANS, & so their economies are steadily improving year after year. The lesson for us: Don't be like Western countries and borrow money to buy things you cannot afford, but be like East Asian countries and only spend WITHIN your means!

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