Topic: Economic Devastation - page 53. (Read 504776 times)

You guys still fail to see the nature of this system. Your population stastistics doesnt count here.

The debt is unpayable by design. The debt is always bigger than the money supply, therefor it`s mathematically impossible to pay it back.

Directly to the bond holders, indirectly to the shareholders of the central banks (as they are all private).

To whom is the debt owed to?

Japan has a declining population and working population, actually this is true of China now as their families are limited to 1 child its inevitable that they have less people and their working costs are rising.  (rising wages natural inflation)  Japan will not pay off its debts as its not been invested just spent.

USA also has this problem but does have a rising population, it could be argued they have greater productivity in future to pay off the debt.  Its unlikely any government will cut spending, switch to a surplus and keep taxes high enough for many years needed to pay off debt in excess of GDP.
   Cutting spending means less government basically, theres a self bias they just cannot turn off their own source of power and the people wont force this requirement until its completely obvious as all the various spending schemes are popular until funded from peoples taxes directly instead of delayed by debt accumulation as we have now.    Reagan did the same as Obama as Bush as Clinton as any president, they increase spending and debt regardless of politics.
  The only thing to look at is a natural change forcing rates to alter, economics should be more about this then politics but current doctrine is about forced moves and their effect rather then normal interaction in trade

Japan's manufacturing competitiveness does seem to be holding up quite well.

The bearings we buy from (our small "Dickensian" manufacturer in) Japan are at roughly the same prices as the pieces we get from the ultra-modern Korean factories.  In some cases, our Japanese is cheaper.

And in Peru, Japan > Korea.

All I'm discussing is my above quote being taken entirely out of context.

Yes but you cannot talk about the debt overall and the relation to the economy ,when you know exactly that the debt is an ongoing vicious ponzi scheme which will obviously hurt the economy more and more the bigger it gets.

There is nothing to discuss here really ,we will all know the outcome of this.

http://money.cnn.com/2015/07/23/news/economy/japan-debt-imf/

Just be clear (it isn't from the quoted section) I wasn't commenting on Japan debts or overall, which I agree is a debt disaster, and getting worse. The above was an interpretation of a chart posted that looked at manufacturing cost competitiveness, not debt or stability.

Yea sure they are very "steady"

The clock is ticking man:  http://www.nationaldebtclocks.org/debtclock/japan

http://www.tradingeconomics.com/japan/money-supply-m3

So they`ve got a national debt of    1,224,265,611,767,395 JPY for a total money supply (M3) of 1,230,869,800,000,000 JPY , geez I wonder how will they pay off the debt? (and this is just government debt, not counting in unfunded liabilities and private debt). Whereas the total debt would be much higher than M3.

I saw that too. The thread reads number of replies = 1984 while the last reply asks what can we extrapolate from this.

A little eerie actually.

Japan is within "holding steady" (1-4% decline)

I don't know why it isn't included in the group of "flags" but you can see that from the colors on the map.

1984 posts before this one!

The government debt is not, never, intended to be paid back. It is a product of the incest between banksters and politicians, where banksters add zeroes to the ledgers (which did not cost them anything to add), and the politicians get the money to apparently enlarge their power (the real power is with banksters all the time though, politicians only enlist to be the tools in this process).

Banksters never get the money back and they know it (it did not cost them anything so why stress).

Politicians never pay the money back but the debtor relationship makes them want to do what the banksters say (handy!).

Because the state has grown bigger as product with getting the money, there is a continuous pressure to maintain the "credit standard" (just a measure of slavery of your population, because credit standard means the government's ability to maintain their debt, and the only way to maintain it is to tax the people!).

Holding wealth in the system-approved forms (stock, bond, fund, IRA, bank account) is like standing on the edge of a high wall: the risk of falling seems small, but especially it is not in your control (someone may push you), and there is nothing that you get from such activity! Long-term returns are guaranteed to be less than inflation. Complete surveillance. Equally vulnerable to "liquidity crises".

So can we extrapolate anything from this regarding trouble with their sovereign debts? (I notice there is no Japan).

https://www.bcgperspectives.com/content/articles/lean_manufacturing_globalization_shifting_economics_global_manufacturing/

Their chief developer Eric was formerly with Euro Pac, which afair is Peter Schiff's company. Their about page lists some individuals with PhDs.

I saw today that someone is using the name CoinCube to run some sort of Bitcoin investment scheme using the webpage CoinCube.io

I wanted to note for the record that this is not affiliated with me in any way.
 

Once you get on the printing money bandwagon you cannot stop it. It's a ponzi scheme and it either ends in total default or hyperinflation.

First comes war, then after a decade of suffering and die off of the boomers, then a reset in a one world reserve currency to back debts. This will be like a global Euro experiment, with the same outcome as Greece but on a global scale where weaker nations see their debts grow in value (deflation) thus bankrupting.

This is all written in the Bible. The first stage we are in now. The second stage is where all the money gets concentrated in hill in Israel which is the one world reserve.

Systemic malinvestment creates a population dependent on continued government intervention for their livelihood. Such a population will demand continued intervention (and redistributive taxation) further corrupting market incentives until the underlying governments themselves become insolvent. While war and potential collapse of society are possibilities I believe it is more likely that the bankrupt nation states will instead be forced to surrender national sovrenty in exchange for continued access to global debt markets.

Below is a chart from zerohedge showing total debt burdens per country.