Japan's Economic Death Accelerates As Retail Sales Nose-Dive Back to 1980s Levels

Business Insider ^ | 01/22/10 | Vincent Fernando

[NVDave]

No it doesn’t - it makes their “pay as you go” social welfare schemes require ever higher taxation on those few left working.

It is not a problem unique to Japan - many countries in Europe are starting to suffer the same budget problems brought on by their demographics as well.

[GOPJ]

What’s happening to our world?

[Leisler]

I’m with you.

[palmer]

We have just entered the beginning of the beginning of the death of world wide fiat paper money.

There are considerable efforts being made to make sure the dollar doesn't go down alone. The IMF is a just a tool, the British are too, the Swiss got blackmailed into devaluing a year or so ago. That said, it's going to take quite some time for people's perceptions to catch up to reality.

[happygrl]

Young people are a big retail market.

Japan has one of the oldest populations in the world.