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The Land of the Rising Debt

27 Jun

Standard of Admiral of Imperial Japanese Navy

Standard of Admiral of Imperial Japanese Navy (Photo credit: Wikipedia)

The video below moves a little too quickly to be easily understood.  Nevertheless, this video explains Japan’s national debt problem.  It’s 200% of Japan’s GDP.  “There’s little chance of it being paid back.”  That means Japan must inevitably default on some or most of it’s national debt–and perhaps not so long from now.

The US “official” national debt is $16 trillion–about 100% of US GDP and about half that of Japan’s as a proportion of the US GDP.

But John Williams (shadowstats.com) estimates the true national debt is closer to $90 trillion–over 500% of GDP–2.5 times the size of Japan’s “problem”.  The Congressional Budget Office has estimated the total national debt (including unfunded liabilities) to be over $200 trillion–about 1200% of GDP–six times the size of Japan’s “problem”.

If Japan has “little chance” of repaying a national debt that’s 200% of Japan’s GDP, how will the US repay a national debt that’s somewhere between 500% and 1200% of US GDP?)

video   00:06:46

 
 

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5 responses to “The Land of the Rising Debt

  1. palani

    June 27, 2013 at 6:09 AM

    The debt of the U.S. has been set at $346,681,016 in 1878. This figure has not budged a single penny since then. Meanwhile the debt of the sole progeny of the U.S. is in the trillions. Neither of these debts will ever be repaid. Instead another progeny will come on the scene and simply retire the debt of his ancestor(s). As this scheme works for the U.S. so it will also come about for Japan as well.

    After all, how can unlimited war be funded with limited assets?

     
  2. Martens

    June 27, 2013 at 11:46 AM

    The answer to your question as to how the US will repay its debt is: it won’t.

    At some point in the future, the creditors of the United States will renegotiate the terms of the debt and accept pennies on the dollar, which is better than getting nothing at all.

    This happens all the time with bad loans that never should have been made in the first place. It will happen in this case as well.

     
    • Adrian

      June 27, 2013 at 12:37 PM

      The situation is like this: UNITED STATES is not America.Americans own no debt to any one.
      The debt is based on credit,credit is a smock screen. The Globalist and UNITED STATES are in
      cahoots together to suck on America and to economically enslave Americans. STOP using words like: government,constitution,GOD,RE-LIGION,state,STATE,citizen,nation,ect.
      If you can’t feel this reality you have to go back in time prior to American Revolution and relearn
      the whole history.
      Don’t blame anyone but yourselves.

       
  3. James Michael

    July 10, 2013 at 11:16 AM

    The question that really needs to be asked is a debt to whom? Whom is owed all this money stolen in fraud from the American people? or the people of Japan for that matter? Hmmm, money created from thin air and lent at interest to us. Yeah, there is not a fraud there. :)

     

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