SOVEREIGN DEBT CRISIS - Now Japan!
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I think what's going to end up happening is a world-wide currency collapse. All the wealthiest nations owe money, inflation will be high everywhere, including China. When China's property bubble burst it will wreck havoc on the global economy.
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@insertthissideup actually, the debt isnt a big deal at all,
those debt are owned by their own citizens as what andrewebisu mentioned,
there's no external debt,
well, tell america to pay their debt so japan can pay their own citizen.
which actually is their big problem.
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Hi Networkingman,
Do you think this Japan alert while serious in the long run is just an overblown distraction by Goldman sachs? Just to keep people's eyes off the US and Eurozone. True they have 200% debt to GDP but it's owned by their own citizens. Can't quite take GS seriously
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actually I think it is more a case of *when* and not *if*... ;0(
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I think Spain will become a biggy when they try to sell a load of treasuries in June... That is more pressure on the Euro and Germany basically.
But you are right, the daddy is with you in USA- a monster debt!
The media keeps this v quiet though ;0) 'cos if you go we all go...
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nice update. I am right there with ya. I agree with you 100% with the last few minutes of the video.
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I agree - Japan is in the frying pan - I don't get it ...
Japn now hold more US debt than China, so why is Japna in the hot seat ?
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Good vid.
Doesn't that mean deflation until all the debts are squared? In that case we should all be sitting in cash. Maybe some gold for insurance (in case of currency crisis), but it should go down in deflationary depression.
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Good vid and good to see you back...
Survivalist will inherit the earth.
vinayakaya 2 years ago 6
Japan has been broke for years. A political campaign against Toyota in our main Stream media against Toyota. Now Moody's on Japan. The US announced tariffs on Chinese steel today too. See a pattern of economic protectionism? These have lead to war before IMHO.
CoinsFreedom 2 years ago 4