Japan is probably one of the biggerst printers of money paper in the world
(correct me if I'm wrong)
That money printing in the long term, devaluates your savings.
(even if it's good for creating new jobs, spending or investing)
Spain is fucked up but not only in a monetary sense, it's in an economic sense too.
The difference is that the Euro depends on several countries, therefore it can not be adapted to the country situation.
There is noone investing new money and creating jobs.
Therefore, the unemployement between youths goes up to 50% and in general up to 20% or more.
I belief Japan's problem is the other side.
Due to printing that much money, some problems are solved (jobs, consumtion, investing) but others are created. (inflation)
Spain:
Due to lack of money, problems stay the same (jobs, consumtion, investing)
I'm not sure if all info its correct, so feel free to correct!!!
2) Consumption tax here is from 4% to 21% i believed
3) Here the company pays 30% of the worker salary to Social Security. Plus he has to pay another % by his own.
At what age do you retire there?
Here is 65 but they want to make it longer because there a lot of middle age people and less and less youngs
That clearly will make impossible to pay the retirement in a few years, but anyway people trutst the goverment...
1) Yes, Japan is one of the biggerst printers of money paper in the world.
But, consumer price index does not rise. That's the problem.
March -0.1%, in April was -0.3%. Mr. Kuroda is aiming for 2%. The deviation is large.
Management of money printing is the point.
I feel Mr. Draghi is too cautious.
I do not know European politics well. So I can not say appropriate remark.
To say that Spain's situation is bad, it's not as much as Greece?
Euro is that it is the product of a result of idealism was too ahead I feel.
It might come when that era is turning back.
Ultimately, I wonder it is the problem that "What is the economy?".
2)3)
*) 60
Japan also pension financing is painful, but not be bankrupt in a few years.
I hope to come raining helicopter money of Mr. Bernanke.
1) I guess that is because the money doesnt go to the consumer, it goes to the stock exchange
The same way it happens in europe
some things are just global
2)3)
What is the problem with the economy?
In spain particularly, a lot of things, but the main thing which corrupts all are politicians.
Until we dont have all the country accountability going throught btc blockchain, we will suffer from politician corruption
4) Never trust Mr. Bernanke
Always trust Mr. Fujicoin