Thread: Japan and United States' Debt
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03-15-2011, 07:52 PM
- Join Date
- Mar 2010
It seems to me that Japan is in very serious trouble.
On the list of debt as a percentage of GDP Japan is second only to Zimbabwe! Zimbabwe, I say!
And their GDP just went down. This is very, very bad.
PS: Looks who's at the very bottom, owing almost no money at all.
03-15-2011, 08:25 PM
- Join Date
- Jul 2009
Their problem is going to be faaaaarrrr greater than what to do with what US debt they hold. They basically don't have two nickels to rub together to fix all this damage that has happened (and continues to happen).
I suspect that this will force Tokyo to stop flushing money down the toilet and seriously tighten their belt in order to fix this disaster. Once that period of pain has passed, they will prosper quite nicely. But it's going to take a while.Olde-style, states' rights conservative. Ask if this concept confuses you.
03-16-2011, 08:14 PM
It's unlikely that Japan will dump our debt, for the simple reason that once one country does it, it will trigger a run on the dollar, which makes their holdings worth a lot less. Much more likely is that they will trade our debt back to us in return for aid in repairs and relief supplies, at a discount rate, and if Obama had half a brain, that's what he'd propose. That would actually reduce our debt overall and employ Americans at the same time.--Odysseus
Sic Hacer Pace, Para Bellum.
Before you can do things for people, you must be the kind of man who can get things done. But to get things done, you must love the doing, not the people!
03-18-2011, 11:49 AM
These two also look familiar:
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