Anyone know what's going on in South Korea?
coinmarketcap.com/exchanges/bithumb/#Taxation...Posted May 24, 2017, 1:09 AM UTC
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Posted May 24, 2017, 1:09 AM UTC
Korea is in a private debt fueled bubble, the smart money is exiting the country before it collapses.
Private debt is 190% of GDP, essentially they have borrowed 2 whole years worth of spending and that debt is growing at 11%pa.
If the rate of debt creation (credit) slows even a little the economy will begin to spiral into recession and stagnation.
Wow, good question. It'd be nice to pinpoint exactly where this influx of new investment is coming from - not just in SK but overall. Private offices, specific countries, or specific institutions?
Maybe South Koreans woke up this morning and realized that their fiat wealth is built on the lies of a corrupt government. Nah..
South Korea is very progressive forward thinking country, it's not a surprise they are into Dash. We should do more in Korea.