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The Next Country To Collapse Isn't In Europe
Yahoo Finance ^ | 4/26/13 | 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 ...


TOPICS: Business/Economy; Japan
KEYWORDS: collapse; davidwilkerson; debt; economiccollapse; economy; gdp; japan
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Well well isn't that a fine kettle of sushi.
1 posted on 04/26/2013 1:40:46 PM PDT by Kartographer
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To: Kartographer

Since Europe is not a country, the headline makes no sense.


2 posted on 04/26/2013 1:51:32 PM PDT by svcw (If you are dead when your heart stops, why aren't you alive when it starts.)
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To: Kartographer; blam; dennisw; TigerLikesRooster

Ping


3 posted on 04/26/2013 1:52:07 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Kartographer; blam; dennisw; TigerLikesRooster

Ping


4 posted on 04/26/2013 1:52:08 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: svcw

There is no grammatical or semantic problem with the title.


5 posted on 04/26/2013 1:54:29 PM PDT by steve86 (Acerbic by Nature, not NurtureĀ™)
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To: svcw
Try reading it again:

The Next Country To Collapse Isn't In Europe
6 posted on 04/26/2013 1:56:27 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer

This is like saying: “The next food I’m going to eat isn’t caviar!”


7 posted on 04/26/2013 1:58:21 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: svcw
Sure it does. You are reading it wrong. Either that or it has been changed since you posted that. It says not a country in Europe.
8 posted on 04/26/2013 1:58:50 PM PDT by Robert DeLong (u)
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To: Robert DeLong

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.


9 posted on 04/26/2013 2:00:55 PM PDT by svcw (If you are dead when your heart stops, why aren't you alive when it starts.)
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To: Revolting cat!

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.


10 posted on 04/26/2013 2:01:36 PM PDT by Robert DeLong (u)
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To: Robert DeLong

that should be protein.


11 posted on 04/26/2013 2:02:16 PM PDT by Robert DeLong (u)
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To: svcw

Oh okay, confusion understood.


12 posted on 04/26/2013 2:03:33 PM PDT by Robert DeLong (u)
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To: Robert DeLong

Oh? So caviar is a country, and protein a continent? I gotcha!


13 posted on 04/26/2013 2:04:22 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: Kartographer

I knew it had to be Japan with Prime Minister Abe printing like he was Bernanke.


14 posted on 04/26/2013 2:05:03 PM PDT by Robert DeLong (u)
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To: svcw
"...In Europe"

"...In Europe"

"...In Europe"

So the headline makes sense after all.

15 posted on 04/26/2013 2:06:00 PM PDT by reg45 (Barack 0bama: Implementing class warfare by having no class.)
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To: Revolting cat!

What you got is a bad attitude, but hey who cares. Not me.


16 posted on 04/26/2013 2:06:09 PM PDT by Robert DeLong (u)
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To: Kartographer

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?


17 posted on 04/26/2013 2:07:20 PM PDT by Lent
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To: Kartographer

Nothing that building a new navy won ‘t fix.


18 posted on 04/26/2013 2:23:33 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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To: Revolting cat!
An economic collapse in Japan? Maybe the yen at 500 to a dollar?

PARTY TIME!

19 posted on 04/26/2013 2:25:02 PM PDT by Enterprise ("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
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To: Travis McGee

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


20 posted on 04/26/2013 2:30:12 PM PDT by dennisw (too much of a good thing is a bad thing - Joe Pine)
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To: svcw

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.


21 posted on 04/26/2013 2:34:43 PM PDT by Wuli (very)
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To: Revolting cat!

“The next food I’m going to eat isn’t caviar!”

Fine, it’s not caviar; so what is it?


22 posted on 04/26/2013 2:35:36 PM PDT by Wuli (very)
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To: All

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.


23 posted on 04/26/2013 2:39:54 PM PDT by RHS Jr (Pity the banksters when Jesus comes)
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To: Kartographer

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.


24 posted on 04/26/2013 2:45:20 PM PDT by catfish1957 (My dream for hope and change is to see the punk POTUS in prison for treason)
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To: Robert DeLong

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.


25 posted on 04/26/2013 2:46:07 PM PDT by Zeneta (No eternal reward will forgive us now for wasting the dawn.)
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To: RHS Jr

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.


26 posted on 04/26/2013 2:47:55 PM PDT by catfish1957 (My dream for hope and change is to see the punk POTUS in prison for treason)
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To: Wuli
Fine, it’s not caviar; so what is it?

I have seen caviar, and it looks like a lot of things I wouldn't eat.

27 posted on 04/26/2013 2:49:15 PM PDT by catfish1957 (My dream for hope and change is to see the punk POTUS in prison for treason)
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To: Kartographer

Japan’s stock market crashed more than 75% since 1989, so the author is a bit late to the party.


28 posted on 04/26/2013 2:50:21 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: Wuli

see post 9


29 posted on 04/26/2013 3:00:13 PM PDT by svcw (If you are dead when your heart stops, why aren't you alive when it starts.)
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To: reg45

see post 9
see post 9
see post 9


30 posted on 04/26/2013 3:00:52 PM PDT by svcw (If you are dead when your heart stops, why aren't you alive when it starts.)
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To: Kartographer

see post 9


31 posted on 04/26/2013 3:01:17 PM PDT by svcw (If you are dead when your heart stops, why aren't you alive when it starts.)
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To: Kartographer; Travis McGee

?.. 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.


32 posted on 04/26/2013 3:05:34 PM PDT by glock rocks (No, the game never ends, when your whole world depends, on the turn of a friendy card.)
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To: Lent

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.


33 posted on 04/26/2013 3:09:09 PM PDT by buwaya
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To: RHS Jr

Mexico is in better financial shape than the US.


34 posted on 04/26/2013 3:10:18 PM PDT by buwaya
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To: catfish1957

Underlying problem seems to be demographic/cultural, and the economic effects are just one result.


35 posted on 04/26/2013 3:12:35 PM PDT by buwaya
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To: FReepers

Click The Pic To Donate

Support FR, Donate Monthly If You Can

36 posted on 04/26/2013 3:22:03 PM PDT by DJ MacWoW (My faith and politics cannot be separated)
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To: svcw
"Since Europe is not a country, the headline makes no sense."

And even more to the point, that's also why the Euro makes bad sense.

37 posted on 04/26/2013 3:25:08 PM PDT by Red Dog #1
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To: glock rocks

Cash, gold, ammo, water, food, concertina wire, batteries.....

etc etc etc


38 posted on 04/26/2013 3:36:14 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: dennisw

I agree. Their social glue is still stronger.

Ours is ready to turn from honey to nitro glycerin in about two weeks.


39 posted on 04/26/2013 3:38:06 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: catfish1957
I have seen caviar, and it looks like a lot of things I wouldn't eat.

So does chocolate pudding.....

40 posted on 04/26/2013 3:44:17 PM PDT by tacticalogic ("Oh, bother!" said Pooh, as he chambered his last round.)
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To: Travis McGee; Kartographer

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!


41 posted on 04/26/2013 4:48:01 PM PDT by glock rocks (No, the game never ends, when your whole world depends, on the turn of a friendy card.)
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To: Wuli
Fine, it’s not caviar; so what is it?

Well, it would have to be Japanese food.

42 posted on 04/26/2013 5:05:46 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: Travis McGee

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 :)


43 posted on 04/26/2013 5:24:09 PM PDT by dennisw (too much of a good thing is a bad thing - Joe Pine)
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To: Travis McGee
Ours is ready to turn from honey to nitro glycerin in about two weeks.

Why the two week horizon?

44 posted on 04/26/2013 5:32:07 PM PDT by papertyger (Blessed are the flexible for they shall not be broken....)
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To: papertyger

Maybe this article?


45 posted on 04/26/2013 5:39:46 PM PDT by glock rocks (No, the game never ends, when your whole world depends, on the turn of a friendy card.)
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To: Kartographer
The only good thing about the Free Rape Policy is that we have so few exports that a major country like Japan collapsing won't hurt us to much. Pathetic.

If they sell US debt somebody(China) will suck it up.

46 posted on 04/26/2013 5:45:26 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: glock rocks
Maybe this article?

Are you implying I should actually READ the article?

What do you think I have YOU GUYS for?

;o)

47 posted on 04/26/2013 5:50:30 PM PDT by papertyger (Blessed are the flexible for they shall not be broken....)
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To: Robert DeLong; Revolting cat!
What you got is a bad attitude

Downright revolting!

48 posted on 04/26/2013 5:51:11 PM PDT by Fightin Whitey
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To: Robert DeLong; Revolting cat!

And catty too!


49 posted on 04/26/2013 5:52:21 PM PDT by Fightin Whitey
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To: svcw

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.


50 posted on 04/26/2013 6:17:00 PM PDT by Orange1998
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