Skip to comments.The Next Country To Collapse Isn't In Europe
Posted on 04/26/2013 1:40:46 PM PDT by Kartographer
look at this country's debt situation, especially relative to the United States, is truly amazing.
This country is paying 21% of government revenue on interest payments to support a 236% debt-to-GDP ratio. With annual spending twice as high as its revenue, the government is running a deficit of $455 billion a year and adding to its $11.2 trillion debt. This is all before the monetary stimulus programs announced recently by its central bank.
If you thought the United States government was a financial basket case, Japan is exponentially worse. A collapse in the yen and the stock market is all but certain -- the only question is when.
(Excerpt) Read more at finance.yahoo.com ...
Since Europe is not a country, the headline makes no sense.
There is no grammatical or semantic problem with the title.
This is like saying: “The next food I’m going to eat isn’t caviar!”
When I first read the article on yahoo, it did not have the word “in”, you are correct the posting on FR is correct.
yahoo must have caught their error and changed the title.
Not really because you are stating a particular food. If you said the next food I will eat will not be a prtein then your statement would be similar.
that should be protein.
Oh okay, confusion understood.
Oh? So caviar is a country, and protein a continent? I gotcha!
I knew it had to be Japan with Prime Minister Abe printing like he was Bernanke.
So the headline makes sense after all.
What you got is a bad attitude, but hey who cares. Not me.
With economic collapse and increasing conflicts with China how far can it be before Japan begins an internal fomenting for militarization and political chauvinism not unlike its ultra-nationalist past?
Nothing that building a new navy won ‘t fix.
One counterargument for Japan is they owe it to themselves. Japanese have always been enthusiastic buyers of their Gov’t debt. Now they will just buy more without being annoyed. Japan has good national unity unlike America and 99% of the people who live there are Japanese. Culturally they can handle this huge QE and very high debt levels
so “greece” is not a country in Europe; what about Spain, or Italy??
No; THEY ARE, each one, “a country in Europe”; Japan is not.
There’s nothing wrong with the title.
The next food Im going to eat isnt caviar!
Fine, it’s not caviar; so what is it?
I totally agree with Kartographer that Japan should be the first country to economically collapse based on the numbers but God showed David Wilkerson in “The Vision” (1972) that some European or Mediterranean country would default and start a bank run and Japan would shortly be the second country to fall. Evidently Mexico falls in about two more weeks and starts a run on USA banks which collapses US the next day. If/when this happens, people should expect the rest of the vision to also happen.
Wow for all practical purposes Japan’s economy has been in the crapper since their real estate/ market crash back in about 1990 or so. 22 years of tough times. And now this....Wow.
If you look at the yield curve on Japans debt, it goes from basically 0.12% at 2 years to 1.60% on their 30 year bonds.
Who is buying 30 year Japanese debt at 1.60% yield ?
It is being bought by Japan’s major exporters with the understanding that the BOJ will continue to devalue the currency in order to help them sell more stuff.
This market is on eggshells. Any break in confidence in the ability to keep this going will send the borrowing costs for the BOJ through the roof. While I have not done the math, others have, just the slightest break will send them over the edge.
Check out Kyle Bass, and some of what he has been saying.
I figured us, and then finally Germany would be the last two dominoes to fall. But as you state in a high tech world, a full global bank run could happen in 24-36 hours.
I have seen caviar, and it looks like a lot of things I wouldn't eat.
Japan’s stock market crashed more than 75% since 1989, so the author is a bit late to the party.
see post 9
see post 9
see post 9
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?.. probably this is a good time to have two or three months of normal living expences of cash in the home safe... something Glenn Beck emphatically suggested about two weeks back.
They can’t afford it.
No men, no money.
And, frankly, no point in militarization. Back in the last century there was some argument that a colonial empire was a good idea, economically. More resources, more people, captive markets meant more power and more prosperity for the rulers. Since then it has become clear that this was pretty pointless. For the most part the big payoff in prosperity comes from peoples per-capita productivity and not acreage or headcount of the uncooperative subjects.
Colonialism didn’t pay, if the international system was such that it could protect your country from resource shortages and keep global markets mostly open.
Mexico is in better financial shape than the US.
Underlying problem seems to be demographic/cultural, and the economic effects are just one result.
And even more to the point, that's also why the Euro makes bad sense.
Cash, gold, ammo, water, food, concertina wire, batteries.....
etc etc etc
I agree. Their social glue is still stronger.
Ours is ready to turn from honey to nitro glycerin in about two weeks.
So does chocolate pudding.....
Yup, covered, except for the razor wire... I just wanted to remind preppers about cash ... preferably small bills. It’s just sensible, too.
We rotate through our food storage (sorta like practicing shooting what you carry) but I noticed we also tend to rotate through our cash on hand.
Yo, all y’all, get yourselves some cash on hand!
Well, it would have to be Japanese food.
The US has numerous ethnic groups who resent other ethnic groups for stealing from “the system”. For not pulling their own weight. Other groups have gripes real, imaginary or ginned up about past imperialism or slavery. Obviously a Japan or Finland has none of this
You know this anyway :)
Why the two week horizon?
Maybe this article?
If they sell US debt somebody(China) will suck it up.
Are you implying I should actually READ the article?
What do you think I have YOU GUYS for?
And catty too!
That is the beauty of the internet. What seem to be wrong changes in matter of nanoseconds. Back in the days when everyone relied on print it was little late to change copy.