Japan's Debt Crisis is Just the Beginning

[Mike Ault]

 

[Mark K]

Japan's stock market peaked in about 1990. It then dropped and flat lined for 20+ years and is just recently reaching and slightly surpassing that previous peak.

They've had systemic economic problems for a long time and have borrowed waaayyy too much in an attempt to stave off what is, most likely, a problem of tsunamic proportions. They are the poster child for kicking the can down the road. Question is...how globally will their eventual crash reach? No one knows but it will have a serious effect, no doubt about that.

They are a clever bunch but I don't think they'll be able to reverse-engineer their way out of this one.

 

[OSU Beavers]

Jubilee!

 

[glenn walker]

Their now going politically to the hard right and they will now build Asia's biggest military and we have Nuclear Weapons in Japan and it's going to grow as we both allign to slow down China and leave the Western Europeans on their own.

Japan has a bright future and economy as long as they join the New Order. The economic failure will be Western Europe.

 

[Fernando]

Japan's economy has been stagnant over past 3 decades. Birthrates and marriages going down. Population going down with few immigrants. So many old people there.
Only some big companies like Toyota and other conglomerates are life sustaining that country.
Future is in high tech and Japan can't compete with US or China.
When I was there few years ago, I was surprised their annual income so low compared to US and we complain a lot about we're not paid enough.

 

[Terrel L. Shields]

Japan's economy has been stagnant over past 3 decades.

Really? Seems to be pretty stable considering the aging population and the lack of young children. Further, they are not particularly thrilled with immigrants. That's a cultural thing but you probably call it "racist." Whatever. Yes, they are not the expanding and booming economy of the 70s and 80s. But the average mean salary is about $3200 (US) a month. And CEOs etc. do not take home huge multiples of the average worker's salary. And "Japan offers a high quality of life characterized by excellent healthcare, strong education, safety, cultural richness, and long life expectancy." according to the google guys.

So, what is better? Long term stability in a homogenous society with low crime and good healthcare. Or a chaotic blend of cultures where violence and drugs abound, the rich are ultra rich, and the poor are angry and frustrated? As Ken Hamblin wrote 40 years ago, "Races do not clash. Cultures clash."

 

[Fernando]

Really? Seems to be pretty stable considering the aging population and the lack of young children. Further, they are not particularly thrilled with immigrants. That's a cultural thing but you probably call it "racist." Whatever. Yes, they are not the expanding and booming economy of the 70s and 80s. But the average mean salary is about $3200 (US) a month. And CEOs etc. do not take home huge multiples of the average worker's salary. And "Japan offers a high quality of life characterized by excellent healthcare, strong education, safety, cultural richness, and long life expectancy." according to the google guys.

So, what is better? Long term stability in a homogenous society with low crime and good healthcare. Or a chaotic blend of cultures where violence and drugs abound, the rich are ultra rich, and the poor are angry and frustrated? As Ken Hamblin wrote 40 years ago, "Races do not clash. Cultures clash."

US is not a country that stagnates and live in its own world without immigrants.
We have our issues but we have been innovators and changers to the world with AI and other advances.
America has opportunities for everyone to reach for their dreams which attracts the entrepreneurs and talented.
If you can't deal with that then why be in America.

 

[glenn walker]

A large population will be a negative in the future as AI and advanced labor robot's replace humans and way less soldier's required in high technology world.

We are already designing trained killer Robot's to fight against the humans and are now officially entering the Twilight Zone.

 

[Terrel L. Shields]

America has opportunities for everyone to reach for their dreams

Including Venezuelan criminals, Mexican Cartels, and Islamic radical bent upon destroying the constitution and imposing Shira law. Convert to Islam or die. Nice.

 

[Surf Cat]

America has opportunities for everyone to reach for their dreams which attracts the entrepreneurs and talented.

The problem is.... once these entrepreneurs and talented obtain their goals and make millions of dollars..... they try to game the system and not give back to the very system that provided and gave them the opportunities.

Elon Musk love or hate him, at least he paid back the government loans he acquired for Tesla.... with interest. Give credit where credit's due.

The welfare systems like food stamps and the like, are not meant to be on forever.... they're supposed to be temporary to get you back on your feet.

The government dipping into funds such as Social Security and Medicaid to pay for other programs has to pull back the reins. They have a spending problem.

Everybody from the low to the high end of the income stream has to put back into the system. The upper 5% should not get breaks on taxes they pay, just like the lower echelon should not have to pay nothing at all. This puts the burden squarely on the middle class.

With AI coming on strong and the prospect of robots doing all the work.... where's the government going to get the income taxes from? Unprecedented times to be sure.