The Beginning Of The End
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The Japanese Financial System Is Beginning To Spin Wildly Out Of Control

Wildly Out Of ControlThe financial system of the third largest economy on the planet is starting to come apart at the seams, and the ripple effects are going to be felt all over the globe.  Nobody knew exactly when the Japanese financial system was going to begin to implode, but pretty much everyone knew that a day of reckoning for Japan was coming eventually.  After all, the Japanese economy has been in a slump for over a decade, Japan has a debt to GDP ratio of well over 200 percent and they are spending about 50 percent of all tax revenue on debt service.  In a desperate attempt to revitalize the economy and reduce the debt burden, the Bank of Japan decided a few months ago to start pumping massive amounts of money into the economy.  At first, it seemed to be working.  Economic activity perked up and the Japanese stock market went on a tremendous run.  Unfortunately, there is also a very significant downside to pumping your economy full of money.  Investors start demanding higher returns on their money and interest rates go up.  But the Japanese government cannot afford higher interest rates.  Without super low interest rates, Japanese government finances would totally collapse.  In addition, higher interest rates in the private sector would make it much more difficult for the Japanese economy to expand.  In essence, pretty much the last thing that Japan needs right now is significantly higher interest rates, but that is exactly what the policies of the Bank of Japan are going to produce.

There is a lot of fear in Japan right now.  On Thursday, the Nikkei plunged 7.3 percent.  That was the largest single day decline in more than two years.  Then on Monday the index fell by another 3.2 percent.

And according to Business Insider, things are not looking good for Tuesday at this point...

In post-close futures trading, the Nikkei has dropped by another couple hundred points, and has dropped below 14,000.

Are we witnessing the beginning of a colossal financial meltdown by the third largest economy on the planet?  The Bank of Japan is starting to lose control, and if Japan goes down hard the crisis could spread to Europe and North America very rapidly.  The following is from a recent article by Graham Summers...

As Japan has indicated, when bonds start to plunge, it’s not good for stocks. Today the Japanese Bond market fell and the Nikkei plunged 7%. The entire market down 7%… despite the Bank of Japan funneling $19 billion into it to hold things together.

This is what it looks like when a Central Bank begins to lose control. And what’s happening in Japan today will be coming to the US in the not so distant future.

If you think the Fed is not terrified of this, think again. The Fed has pumped over $1 trillion into foreign banks, hoping to stop the mess from getting to the US. As Japan is showing us, the Fed will fail.

Investors, take note… the financial system is sending us major warnings…

If you are not already preparing for a potential market collapse, now is the time to be doing so.

And all of this money printing is absolutely crushing the Japanese yen.  Since the start of 2013, the yen has declined 16 percent against the U.S. dollar, even though the U.S. dollar is also being rapidly debased.   Just check out this chart of the yen vs. the U.S. dollar.  It is absolutely stunning...

Japanese Yen

The term "currency war" is something that you are going to hear a lot more over the next few years, and what you can see in the chart above is only the beginning.

What the Bank of Japan is doing right now is absolutely unprecedented.  It has announced that it plans to inject the equivalent of approximately $1.4 trillion into the Japanese economy in less than two years.

As Kyle Bass recently discussed, that dwarfs the quantitative easing that the Federal Reserve has been doing...

"What they're doing represents 70% of what the Fed is doing here with an economy 1/3 the size of ours"

The big problem for Japan will come when government bond yields really start to rise.  The yield on 10 year government bonds has been creeping up over the past few months, and if they hit the 1.0% mark that will set off some major red flags.

Because Japan has a debt to GDP ratio of more than 200 percent, the only way that it can avoid a total meltdown of government finances is to have super low interest rates.  The video posted below does a great job of elaborating on this point...

It really is very simple.  If interest rates rise substantially, Japan will be done.

Investor Kyle Bass is one of those that have been warning about this for a long time...

There's a fatalism, he says, in everyone he talks to in Japan. Their thinking is changing, and the way they talk to him about debt is changing. They already spend 50% of tax revenue on debt service.

"If rates go up, it's game over."

The financial problems in Cyprus and Greece are just tiny blips compared to what a major financial crisis in Japan would potentially be like.  The Japanese economy is larger than the economies of Germany and Italy combined.  If the house of cards in Japan comes tumbling down, trillions of dollars of investments all over the globe are going to be affected.

And what is happening right now in Japan should serve as a sober warning to the United States.  Like Japan, the money printing that the Federal Reserve has been doing has caused economic activity to perk up a bit and it has sent the stock market on an unprecedented run.

Unfortunately, no bubble that the Federal Reserve has ever created has been able to last forever.  At some point, we will pay a very great price for all of the debt that the U.S. government has been accumulating and all of the reckless money printing that the Fed has been engaged in.

So enjoy the calm before the storm while you still can.

It won't last for long.

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  • Shmeggle Marxist

    the suspense is killing me! collapse already!

    • Alasha

      i know!!!! i wouldn’t say i am prepared…. sigh. i am tired tho’ of this old wicked system of system things….

      • Round Objects

        Bring down this economic system in flames, then cry “Peace and Security”, to give the masses hope, then destroy religion as a distraction and watch as the governments and commercial system cry “Too bad, too bad…….”

        • Rodster

          I have friends who are JW’s and as I say to them don’t be too surprised if this is just another blip in mankind’s troubled road. Remember there was such a thing as the Dark Ages etc.

          As I put it to them. If this doesn’t start the Great Tribulation then we are in even more trouble because it will be even more devastating and the light at the end of the road will be much further out.

          My guess is that all of this is just another blip on mankind’s checkered history.

          • FounderChurch

            Yes, we are set to re-visit the New Dark Ages with lots of burnings and gassings etc.

    • markthetruth

      That’s what makes This Reality Show “How to Spend Money You Don’t Have Economics” That Span’s all Media Outlets, and yes the Climax is Coming but be Patient there’s time to get Prepared For the Outcome !!!

      the end…

      • FounderChurch

        The ONLY way to prepare is to have the maximum number of kids, and organize, organize, organize, and discipline, discipline and discipline.

        But you want none of that and just sit on your drugged butt and whine and cry for Obama to feed you.

        • markthetruth

          I never Mentioned any Party ,
          So your Subconscious controls and Speaks for you !

          it’s our Government that Spends all Our Money on Trying to run the World, But can’t run only their Country.

          the end

          • FounderChurch

            Well you talk but that is worthless if you are not prepared to put your money where your mouth is.

    • http://www.facebook.com/profile.php?id=569473199 Carole Gnatowski

      agree – come on crashing down already -

      • FounderChurch

        You Lefties really stick together.

        • DiscouragedOne

          Before you label me a “leftie” I am an Independent Moderate. I am just wondering how you think you will “save the world” by hanging out at this blog labeling people you don’t know from Adam as “lefties” and thinking you can tell people how to live their life.

          Chill out dude, or keep doing what you are doing and more and more of us will just ignore you.

          • Ayn Rand

            I must concur. Do not label people. Simply argue facts. You cannot label me right or left, because I am ABOVE the spectrum. Minarchistic Libertarianism all the way!

    • FounderChurch

      You demonic Democrat Leftists want to kill and destroy everyone and everything on earth in the name of your father the devil. You ARE the Culture of Death.

  • glamandvampallround

    It feels like one domino after another is falling down, but here in Utah where I am waiting tables there seems to be no sense of a coming financial collapse. Unemployment once you leave the small towns and head to Salt Lake City (not where I am) is quite low but every day there seems to be another domino falling…..

    • Bad_Mr_Frosty

      If you’re someplace fairly rural, with local food production and far away from the ethnic gangs, you should be able to ride out this mess.

      If you live in a city with lots of housing projects, you are screwed…

      • squashpants

        Yes, we heard the clarion call, and moved from Houston, Texas to a little farm/college town in Minnesota. Our kids, who live in the same town, are skeptical of the Big Economic Collapse, but they say our burg will pull together shoud it happen.

        • TX4Life

          I shudder to think of what Houston will look like in a hard collapse.

  • K

    Japanese pride often blinds them to the reality of the moment. WWII was lost, long before they could admit it. Fukushima is a lost cause, yet they show up every day and do the same thing, to no avail. It will be the same with their economy. Only at the very end, will they see the truth. Sadly, we are not much different.

    • FounderChurch

      The Demonrats have always controlled the Press, and tell the big lies by the thousands.

  • http://karmaeconomics.blogspot.com/ lavista4u

    Japanese are inherently disciplined and not rioting in nature when SHTF…no worries…unlike in the west….even when the entire system collapses in Japan….People will stand in line and slowly one by one they will take up farming. :)

    America and Japan are totally different even if they have the same economic model. Unlike in America where people will loot on any opportunity… in Japan people live their store open even now as they know, nobody steals there.

    During the Tsunami couple of years back when everything was falling apart. Japanese were very disciplined stood in line and waited for their turn for food.

    Japan is the least country one needs to worry when SHTF. People there have already conquered their lower emotions.

    • markthetruth

      True!
      They have more of a group mentality. We are raised to put more emphasis
      on individual rights, for self-fulfillment ( more selfish), that started the breakdown of the family unit, divorce, and the influence of the
      church in our daily lives has splintered our society.

      the end…

      • Justice Speeks

        Nonsense. Individual rights are what freed man’s ability to make the 5000 year leap. GOVERNMENT started the breakdown of the family unit. First, the government provided welfare benefits. That eliminated the need for having a man around. Then the benefits were slashed and people who had been born and raised on welfare (with no fathers) were then unable to live on those benefits. Those people were unable to provide for themselves because they had effectively been taught to live without a job. At that point, those same people turned to the black market to earn a living. That brought on the drug trade and the exponential growth of gangs. The government responded with the police state and the war on drugs. All of this was orchestrated by the government, not the individual.

        • markthetruth

          Your not getting it, or your blinded by reality ! A Family is a group of people who look out for each other until one wants to be Greedy . It’s one thing to be a Individual but don’t Stab your Familuy

          • FounderChurch

            Demonrats started in America the head Demon, the Judas of our Revolution, Jefferson…..

            But the Demonrat Party has existed since the first human walked the earth under different names. Hitler was one, and Mao and Stalin were others, and Herod, Nero, and Pharaoh were others.

          • markthetruth

            Hitler and Stalin where Personality cults .

            the end…

          • FounderChurch

            Obama is a personality cult if any thing ever was. You Democrats worship him as you would a God

          • Gay Veteran

            and Bush had his personality cult

        • FounderChurch

          Focus: It’s the Demonrats, stupid! Don’t beat around the bush.

      • FounderChurch

        One word says it all. Demonrats……. The source of all our woe, and all the woe in the history of the world.

        • Gay Veteran

          Republicans and Democrats are two sides of the same coin

    • Bad_Mr_Frosty

      That’s not exactly true. There was no crime waves or mass looting during the great depression in the 30′s. Of course, the US was 90% White and deeply Christian at the time.

      Now we have the joys of diversity and rampant social decay. Something tells me the Crips and Latin Kings aren’t exactly going to play nice when things collapse.

      • DiscouragedOne

        There were many outlaws during the great depression, and crime increased for the first 2 years in government statistics (which were not all that well kept, plus they were even less well kept in prior years so there is not a lot to compare it to).

        Let me throw out some names of outlaws during the Great Depression (but I am throwing out some of the famous ones, there were many, many, more). No crime wave? I would concede crime went down from the 1920s, but that was Prohibition that had every gangster and his Mother. I don’t think things were quite so rosy, although they did improve during the second half of the 1930s.

        * Bonnie and Clyde, Barrow Gang (until 1934, the Great Depression started in 1929).

        * Ma Barker, Barker-Karpis Gang, until 1935).

        * John Dillinger (until 1934)

        * Baby Face Nelson (until 1934)

        * Frank Nash (until 1933)

        * Alva-Dewey Hunt and Hugh Gant (throughout the 1930s)

        * Mad Dog Underhill (throughout the 1930s)

    • FounderChurch

      WRONG. Japan is obedient, but they will have a military takeover the second things fall apart. They are very ready for it, and they likely will be the first democracy to go Fascist-Communist.

  • saintmatty

    Birth pangs-the arrival will be soon.

  • markthetruth

    And Japan forgives Myanmar’s Debt and Loan’s them $504 Million. Go Figure a Broke Country Loaning money to another broke country.

    the end…

    • jokyjo

      Kind of like what we do here in the USSA. We are at 16.8 Trillion dollars in debt but we loan out money like we’re filthy rich. Stupid is as stupid does.

      • markthetruth

        True but We do it Because we Want to be the “POLICE of the WORLD” and we Have to Pay the country’s Government (the citizens don’t see it ) to allow us to have a say in what they can an can’t do. We need to Leave, they don’t want us there we are only irritating them and this is casing the Ciaos.

        the end…

        • Nexusfast123

          It’s called an EMPIRE.

          • markthetruth

            No Country Including the USA would Dare call Themselves the ” Empire of the World ” They would then become the Evil of all Evil’s .

            the end…

    • Alasha

      fiat currency… Nothing but a ones and zeros entry on a screen.. Sigh

      • markthetruth

        It’s Not just fiat currency, or Nothing but a ones and zeros anymore !!! It’s a ,, ” Weapon of Mass Destruction ”

        the end…

    • northernconservative

      Kinda like the U.S……giving away funny money and rehypothecating all the gold…hmmmm…..

  • jokyjo

    Considering how interconnected the world’s economies are, I suspect that a collapse in Japan or Europe would have severe consequences for us here in the U.S. We shall soon see.

  • Mustard Seed

    I enjoy reading economic blogs and listening to interviews about economics. My family doesn’t understand my interest in a subject that is so “dry, dry, dry.” :) I think my interest is partly about figuring out how the world’s economy got so MESSED UP in the first place. All of the supposedly “super smart” people have been running everything, right? Well, for the last seven years, I’ve been coming to the realization that the people running everything aren’t so “super smart”. And to think they are going to fix this mess they created is really insane. So I’m pretty much in the camp that thinks we are all witnessing a paradigm shift. I’d love to see all debt everywhere completely forgiven. Let’s just push the reset button, and have one great big do over. It can’t be any worse than what we are going through now.

    • Rodster

      The people in charge are not very smart. We as a people think they are because we voted them into office. Just today John McCain was meeting with the Syrian Rebels, the same Rebels who’s pledged allegiance to Al-Qaeda

      • Mustard Seed

        It’s insane, isn’t it? Where in the world is that reset button?

        • Nexusfast123

          Don’t know. Mankind lost it ages ago.

      • smallergovnow

        McCain is a tool. Rino…

    • FounderChurch

      You are aberrating. And you listen to Demon Rats.

      • Mustard Seed

        LOL. The whole paradigm we have been living in for the last 40 years or so has been an aberration.

        • FounderChurch

          .the last 40 years have been dominated by the demonic rat party the Democrat Party the Liberals the left wingers the Socialists and the America haters.

          • Mustard Seed

            Personally, I think both Democrats and Republicans are controlled by demonic rats. Congress is nothing but a bunch of charlatans put in office to create corporate controlled/written legislation. They voted themselves immunity to insider trading laws for crying out loud. Helloooooo…

            We need to flush all of them right down to the rat infested sewer and start over. I REALLY like that aberration. LOL.

          • FounderChurch

            Being a tiny mustard seed you need to grow up into a large tree. You need to put your money and your resources where your mouth is. You need to organize with others and put your shoulder to the wheel correcting what’s wrong in this country because every single law and every regulation has your name signed to the bottom of it. There is no way to get out of your responsibility. It’s all your fault and you need to take the action that needs to be taken to correct it. And that action is organize yourself I’m offering to organize with you and anyone else to go to work are you willing to organize with me and go to work fixing this country and serving God?offering to organize with anyone who is serious about helping this country serving their country and serving God. question is are you interested in serving anything but your own very selfish personal greedy interest.

          • Mustard Seed

            LOL…are we still aberrating?

            I am responsible for every piece of garbage legislation that has been passed? NOT. But I sure as heck have to pay for it…LOL. So will my kids and grandkids. No, it’s not all my fault, but rest assured, I am taking action.

            No, I am not interested in organizing with anyone I don’t know…especially someone who wants to blame a specific political party for this country’s problems. I’m going to take my little mustard seed selfish, personal greedy interest and stick to taking care of my family, friends and neighbors.

            I serve God first and foremost every day. My life as a wife and mother, daughter and sister, friend and neighbor is completely focused around that one purpose.

            And one more little thing. I am a vet. My husband is a vet. So is my father and my husband’s father. So are three of my five siblings.

            Semper fidelis.

          • DiscouragedOne

            Mustard seeds like yours are in danger of creating huge forests.

            Thank you and your family for your service.

          • Mustard Seed

            LOL.

            Thank you, DiscouragedOne.

            You made a good day even better. :)

          • FounderChurch

            People who drag their military service onto a forum of opinion show bad judgment. How do I know you ever served a day in the military. What I can’t verify I consider a con. Please, please no proof. I wouldn’t give it any more credit than your word. I don’t give a hoot who you are, I care about what you say.

          • Mustard Seed

            You made a comment about people serving their country and serving God. I have and continue to do so in a manner of my choosing. Not yours. Whether you believe what I say or don’t, doesn’t matter. As I said in my initial post, I enjoy reading economic blogs. I also enjoy reading the comments and posting mine occasionally when I have the time…even if others disagree.

          • FounderChurch

            Someone here trying to kiss up to you. I wonder why.

          • FounderChurch

            Alll that just means you don’t want to do anything. I understand most people are like you.

            And yes whether you like it or not you are responsible and your name is signed to the bottom of every garbage law and regulation passed by city state and federal government.

            If you don’t want to be involved with anybody but your tiny little narrow circle of family and a few selected friends what are you doing forum with tens of thousands of total strangers many of them there for all kinds of ignoble purposes.

          • Mustard Seed

            Have you ever read Don Quixote? Just aberrating…:)

          • FounderChurch

            Sure, and he at least had a partner. Do you? I wonder.
            And he is noble, but misguided like most of us. Like you, and like me. The question is who is the most misguided, and who is the least misguided (the person we should be following.)

          • Ayn Rand

            Does that not mean your name is on them too?

          • FounderChurch

            Yes it does which is why I work hard to try to shape them in a good way. What I find is that almost no one is willing to do the same. Ayn taught some good lessons but fell short and was wrong in a whole number of ways. That makes her a blessing but also a danger in the wrong hands.

          • Ayn Rand

            Btw… The individual is more important than society. Why should I go on a crusade to help others who I do not know when I can just do as I will and help myself and those I love?

          • FounderChurch

            Ayn was dead wrong. The society is thousands of times more important than anyone. Now, that does not justify bad societies just as individualism does not justify bad individuals. Both are capable of great evil, and great good.

            If you can’t tell what Ayn was wrong about, you will never know what she was right about.

          • Ayn Rand

            Although helping others is a noble cause, and I respect such a cause, at times it is necessary to help oneself and put oneself at the top of the list of priorities. How can I help others if I die? The self must come first in any given situation.

          • FounderChurch

            when you speak of helping others you are speaking the language of the slave in the master.

            This is the language Rand spoke in. The collective to her was the slaves and the master relationship which she opposed. She felt each person should stand on their own two feet. which is fine as an alternative to slave state communism.

            but it is only a way to get out of slavery not a way to live your life post slavery.

            she does not speak about how we are to live once we are free. To do that and not fall back into slavery is too farm healthy collective societies in which each personcares more about the whole then he does about himself. This is not to impoverish ones self but rather to prosper the whole. the model for this would be the Puritan society of New England and the Amish and the Mormons today in large part. They are very concerned about the health of the whole society while at the same timenot recreating the slave society.

            The slave society is weird one person or one group of persons believe they should give charity to a larger group of firsts who can’t take care of themselves

          • FounderChurch

            Fact is both rugged individualismand welfareism are roads to Serfdom and slavery and dependency and welfare which is where we are right now.

            Rugged individualism and welfareism are both roads to dictatorship which gets us back to master and slave in one format or another, Iin which a cycle occurs of master and slave alternating positions over and over.

            Only a proper form of society prevents that former state returning. The selfishness she taught brings on revolution dictatorship and finally run away dependency for which she prescribes another dose of selfishness. This back and forth always loses.

          • Ayn Rand

            I suppose we can agree to disagree. I prefer to be a lone wolf unless I have a vested interest. I will help people if it is necessary. I believe that we don’t need to be socialistic to make a non slave society. I respect your communities, as long as you do not force people into it.

          • Gay Veteran

            absolutely agree!

  • Ralfine

    Here are some possible solutions:

    Do not use tax money to pay for investments in infrastructure.

    Just print money for infrastructure. ONLY print money for infrastructure that then will belong to the state. Then charge tax to users of heavy vehicles that destroy those streets; and other owners of vehicles who use up space on streets – fast vehicles need more space; including the safety distance!

    But this practice would require that the state is owning the printing press, not some private bank.

    For wars NEVER make debts, only collect money from those who want that war.
    Severely restrict arms sales to foreign countries, as those arms could potentially be used to attack own soil.

    Use tax to cover operating costs, like street lights, salary of professors, teachers, doctors, nurses, police, fire brigade, ambulance, judges, prison wardens, head of state, mayors, etc. and the welfare for the orphans, old, sick and disabled.

    • FounderChurch

      you sound like a liberal Democrat who wants a lot of welfare but doesn’t want to defend our freedom. You’re very selective in what you want to pay for and what you don’t want to pay for. And that selection follows the Democrat Party line.

      I have many solutions none of which I believe you would be interested in but one of them is to privatize everything that the government does with no exceptions whatsoever. There should be nobody on the government payroll except elected officials and it’s even questionable whether they should be on the payroll.

      • Ralfine

        Somebody needs to control the money increase and to restrict the debt increase.
        When you have more people, with the new one wanting at least the same income as the other one, then you need to have more money.

        Where shall that money come from?

        Who shall be authorized to print it and introduce into the economy? At which time?

        Getting public infrastructure for printing money sounds like a good idea.

        Making debts for consumption (like war) doesn’t sound good, as you will never be able to repay debt made for consumption.

        The money will be consumed, burned; it will be gone. No return, not for the repayment and not for the interest. To repay and pay interest, you need to get a new credit, and a new one, and even more just to pay the interest, as there will be no return still.

        Those are the basic ideas behind my solutions.

        I am not so much interested in labels.

  • http://twitter.com/1913Intel Matt

    Yes, Japan is in trouble, but the West is following the same trail as Japan. Let me explain how things work in the real world:

    If you suppress small collapses, then you will get bigger collapses. If you suppress bigger collapses (and black swans too) then you will get the mother of all collapses. If you suppress that then you will sit on the edge of a cliff until you fall off or are pushed off.

    Japan has been sitting on the edge of a cliff for 20 years. Now it’s about to fall off. The West will be next.

  • Chris

    “The big problem for Japan will come when government bond yields really start to rise.”

    We are not having free markets. Could someone please explain to me, why the bond yields will start to rise?

    If the central bank buys the bonds from the government it can have zero interest on the debt in order to keep the system going.

    The created money will be spent by the government for it´s programms and the bonds will stay with the central bank. Both entities are interested in preserving the status quo. Numbers don´t matter in a fiat monetary system. Billions, trillions, nothing stands behind it but printed paper in the worst case.

    Please, I challenge you to explain how the interest rates will eventually go up in a system where the global financial institutions are cooperating with the G20 political structure being supported by media and DHS / military who receive their paychecks in order to execute the agenda.

    • Charlie

      As Japan continues to pile up debt their debt will be downgraded and investors will want to be compensated for the increased risk in the form of higher interest rates.

  • sally mae

    japan ended up tuesday – God knows why

  • Robert (qslv)

    Japan is the last monoculture. As long as they keep immigration to a trickle as they have done, and demand that the few immigrants they allow integrate fully into Japanese culture they will be a strong nation-race. Their only threat comes from a military takeover.

  • http://twitter.com/ChartistFriend Chartist Friend

    the otterwood video is priceless

  • http://www.facebook.com/people/David-Webb/100001371414176 David Webb

    Japan’s economy is pretty much the same thing as the U.S. Economy only slightly smaller. They make good cars. Cars that last. That is their good point.

    They are on the losing end of a competition with many countries in the region. They have become prosperous. Now they pay the price.
    The price is labor from other countries outbidding them for the jobs.
    The policies there and here do not make economic sense. Therefore they will go down just like any other country that attempts to delude themselves by printing money. (sounds familiar) Like we are printing money to get out of debt.
    The result will be a crash of unknown proportions. I think it will be in direct ratio to the amount of counterfeit money they produce.
    Sadly, that is also happening here.
    The only way out is to produce sound monetary policy that is responsible for the money being worth something other than the paper it is written on. That means a direct worth based on commodities that the money will buy.
    It means tightening the belt and not spending money you do not have to spend. In the real world spending money you do not have is called embezzlement and fraud.,

    • FounderChurch

      You talk but what are you willing to do? Not talking about anything illegal. I’m talking about things you can legally do like putting your money where your mouth is and organizing yourself with others to make a difference. Doesn’t everybody hate big mouths who never do anything but run their mouth?

      • FLOUNDER_CHURCH_GO_AWAY

        Just like you fLounder church..? You have the BIGGEST mouth of all !!

  • Kim

    The Nikkei is up today so it seems this article is just more fear mongering and fluff. Up and down the markets go. When will they stop. Who the heck knows.

  • FounderChurch

    You are what is wrong. Look in the mirror. You whine and do nothing. What does that make you?

    • Sueychop

      no, you are, haha.

  • FounderChurch

    It is much more likely that we will be slowly boiled to death little by little rather than any big crisis.

  • greanfinisher .

    The way things are unfolding, it may pay to put all of the eggs in one basket. I would strongly suggest maintaining a cash position, and stash the rest in Treasury Direct zero-percent C of I.

  • pruttmaster

    “Nobody knew exactly when the Japanese financial system was going to begin to implode,” actually max kaiser called this 6 months ago on the Alex Jones Show. He said around April it would start in Japan…. so Kudos to Max!

  • erheault

    The only solution seems to be lets give it all back to the Indians if we can find a tribe that wants it.

  • GSOB

    All that you can do is wish them well

    • 1XXX

      Nice RUSH reference.

      • GSOB

        Yes,
        Thanks and it takes a fan to know one.

        Agree it is one of their more resolute songs?

        Clockwork Angels and Snakes & Arrows are great albums.
        These guys show no desire of slowing down

        For what it’s worth they, RUSH, will be in Denver at the Pepsi Center come August 2, 2013.

        That event just may be my last chance to see them. Last time I saw them was in 2003 at Fiddlers Green.

  • Richard T.

    I think we all do need more time to prepare for the collapse. In terms of food, water, and other preparations. Especially both short term needs and long term needs.

    • FounderChurch

      you prepare by having children and organizing with others by disciplining youtself and others not just running your mouth.

      • Ayn Rand

        Are you not just running your mouth?

  • bbj

    .

    The problem is not that are not enough evidences that Obama

    is not a social anti-racist
    war enemy, bout the people don”t
    want to see that.

    Because many people want to be absolute liberal, anti-racist

    anti anti anti
    anti-Semitic, international and want believe that the ms media, ms

    science, ms history is independent. No matter how the
    personal or political

    price is.

    e.g Manipulation is the strongest weapon in the world. If

    people absolute want that one person is good equal that he
    does, he can do

    everything he wants.

    Really everything. He could
    kill the half world and the people would say, he rescued the half

    world from dying.

    Obama e.g . Yes it was stupid from Mitt Romney to say that
    the least 47% who vote Obama equal

    that he does are welfare bum.

    But in one thing he said was right. At least 47% had voted
    him equal that

    he did.

    If he had raised the national debt about ten times. They had

    said Mc Cain had raised the national debt 12 times. If he
    had raised the

    national debt about twenty times, they had said, Mc Cain had
    raised the

    national debt about thirty times. And if he had raised the
    national debt about

    100 times, they had said Mc Cain had raised the national
    debt about 120 times…

    And with wars the same. If Obama had begun 10 new wars, they

    had said, Mc Cain had begun, 20 new wars.

    And if Obama had begun 100 new wars, they had said Mc cain
    had begun,

    120 new wars.

    So equal how bad Obamas politics would had been , they had

    said under a president Mc Cain it would had been worse.

    So if many people want to see about ideological reasons that

    a person or group is good equal that he or they do/does,
    they can do

    everything.

    And that the problem about the Blogs, they show many very

    good objective arguments that Obama is not a social
    anti-racist war opponent,

    but not ideological arguments.

    But the best objective arguments doesn’t mind. They always

    will find reasons why Obama is a good president.

    E.G try only with objective arguments to persuade a person,
    that in a country B are

    also beautiful countrysides , who like the least 47% think
    about ideological

    reasons that are only ugly pictures in country B, he will
    always see ugly

    pictures, equal how beautiful pictures you show them.

    Because the reasons are not objective, but ideological.

    So you must persuade him at first with ideological reasons,

    so that he is ideological ready to

    change his attitude or opinion.

    With Obama the same, if you don’t want that Obama keeps a

    full second term in office, you must people persuade with ideological
    arguments,

    that Obama is not a social, anti-racist, war opponent.

    And that is only possible with ideological and not with

    objective arguments, because they believe that about
    ideological reasons and not

    about objective reasons.

    Ideological reasons for that are:

    Because many people want to be about ideological reasons

    absolute liberal, anti-racist, anti anti-Semitic,
    international and want believe

    that the ms media, ms science, ms history is independent.
    And this to very price , no matter how the personal or

    political price is.

    You must persuade them with ideological arguments that 2+2

    is always 4.

    So if 2+2 is always 4, Obama would at least lose his job

    because of Libya.

    Because the the constitution wants after original conception

    of legacy that a president stops a war after 90 days, if he
    doesn’t get the

    permission of the congress.

    Obama begun with attacking Libya at March 2011, in July
    2011,

    the congress wanted that Obama stopped the unconstitutional
    war in Libya and

    Obama still attacked three months longer, because he said it
    is not modern to

    interpret the constitution original and after a modern
    constitution, the

    president needs the permission of the UN and the Nato for a
    war and not the

    permission of the congress.

    And so if 2+2 would be always 4, he had lost his job at

    latest July 2011.

    Because with living constitution you, can interpret

    everything.

    • FounderChurch

      You sound crazy.

      • Gay Veteran

        LOL, the pot calling the kettle black

  • Brian

    if japan was not on hyper inflation index or should I say there inflation is on higher and serious steroids it would be ok but the japs think that everyone makes 80k plus a year which not the case and won’t be then everything else is pushed up los angeles in most cases is 50 precent cheaper then Tokyo for a lady to have any decent clothes in Tokyo to include make up and body care she her self would be in debt or is debt for the next lifetime that is if she was making 25-60 k per year there 20-90 k a year is like our 10-40 k per year in terms of spending power a good example I went to wallmart and bought a 100 dollars worth of grocies and it is more then I would get a our local ralphs in japan I might get 3 bag fulls as to what I bought vice 10 bags of stuff I bought if a lady were to buy lingerie at a cost of 200 dollars us she may have up to 5 items that is if it is on sale a sale at victoias seceret or even wallmart target khols will get you a reasonable amount of items needed and oh yeah a 500 dress here in America will cost nearly 10k in japan like any lady really needs a 500 dollar dress me I rather spend a 100 and use the other 400 for something else maybe a 2 year supply of make up

    • FounderChurch

      What are you talking about? You are making no sense whatsoever. Are you on something?

  • Steve3

    In a perverse way its kinda like they ( fed,jpn ) think that what they are doing will actually work. The other bizarre point is that is this a deliberate take down to collapse the system ?

  • Tony

    Monetarily sovereign nations like Japan and the US control interest rates all along term structure. They set the rates on bonds, not the market. Why is Kyle Bass even mentioned? This guy probably flunked his intro to macro course at university.

    Secondly, under a fiat system, spending precedes taxes and ‘borrowing’ – they occur with money that’s already spent.

    US pubic debt represent nothing more than the total savings the US economy. It’s private wealth, with interest payment constituting private income. US Treasuries are nothing more than savings accounts.

    Lastly, QE isn’t printing money, it’s merely an asset swap.

  • cochise

    when are countries going to stop borrowing money from private international bankers and start issuing their own interest-free money?? why do we not hear about Iceland any more? because they arrrested, tried and jailed the bankers and started issuing their own money. The people in Iceland have never had it so good and the prostituted media don’t want you or Cyprus or Italy, Ireland or Japan to know about it…..!!

  • curmudgeon

    you are confusing government with the privately owned banking industry. The industry buys favorable legislation to continue their Ponzi scheme. The Federal Reserve set up a scheme in 1913 that creates the principal of a loan with the government issuance of a Treasury security. The interest is never created. The debt can never be paid off. It is a Ponzi scheme and all such schemes end the same way.

    Japan and the world run on the same wavelength.

    • RalphEllison

      This, for the win.

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