It seems most every industrialized nation that has exported many of its manufacturing plants and jobs to cheap labor nations ends up with a mushrooming debt problem.
Japan really doesn’t produce anything other than strange people and cartoons.
They are sunk because they depend on everyone else.
General Macarthur called Japan a nation of 12 year olds. I believed the hysteria that Japan was going to rule the world, till I was stationed there for a year (84-85). I’ll be blasted by the Blank Slate Theory crazies, but basically Japan would love to revert to a norm of feudalism and stagnation instead of some stupid white liberals one world nonsense.
The article’s title and some of the rhetoric implies that the author foresees some sort of violent eruption in or from Japan, should the anticipated economic events occur.
What, I wonder, would that be? Japan’s population is older, in the aggregate, than the population of The Villages, and there are fewer NRA members and a lower percentage of military retirees in Japan. Whom does he imagine is going to “explode”: the elderly, or the Lolitas in “Hello Kitty” costumes?
Ping
Please see Japan Seeks to Market Record 145 Trillion Yen Bonds in 2012; Kicking the Can Japanese Style for a brief analysis.
Add to that The United States will have to refinance OVER $10 TRILLION in debt in 2012 TOO!
Japan needs a very strong and loyal ally against China.
Something Obama doesn’t want.
One must think back, the Clintons and China?
And guess who may be one step from being POTUS soon?
Bill Clinton becomes head of the UN, Hillary is POTUS.
And suddenly the west coast and Hawaii are owned by China.
Japan is not my enemy, if they need help we should work together, just how much aid has been sent Japan authorized by Obama?