Japan the Third Largest Economy Destroyed
Has Japan been reduced to a third world country. Japan is in the process of an economic collapse. The process has begun. Japanese car dealers lost over 50% of it's sales and is considering moving out of the country. This could mean a resurgence in Detroit.
Japan's public debt is at 225% of their GDP, the highest of all sovereign nations in the world and to put it into prospective the United States with all these talks about the worst recession since the great depression, has a public debt at 58.9% during the year 2010. Meanwhile Libya the nation that has to replace it's leadership is almost fiscally responsible with a public debt at only 3.3%. So out of the sovereign nations Japan was worst of in 2010 and Libya is the most responsible. But we have to save the Libyan people from Gaddafi.
The Japanese government is on the brink of bankruptcy and the debts of the nation is secured by its people. Japan's national debt is at a record high $7.47 trillion dollars and again to put this into perspective America the world largest economy national debt is above $14 trillion. The whole world is in debt, as we spend more than we make in governments, so where is the money? The whole world is living above it's means which is impossible, because we cannot use what is non existent.
While Japan is finish doing business as they were used to. Their infrastructure is destroyed. The businesses are planning to move out of the country. They cannot even eat their fish. All hell is about to break loose. Tens of thousands dead, water radiated and without water you cannot sustain life. Hundreds of thousands are homeless overnight. The reality of the matter is that Japan is hopeless as a world economy.
Can they bounce back, well I do not see how and the experts say no. The only hope for the Nation of Japan is to rewrite the Constitution. Japan as we know it is a done deal.
No comments:
Post a Comment