Next country to collapse isn't in Europe
If you think the US government is a financial basket case, another country is exponentially worse. A collapse in its currency and stock market is all but certain. The only question is when.
Despite the recent market correction threatening the four-year bull market, investors should be partying like it's 2006.
Joseph Hogue does not personally hold positions in any securities mentioned in this article.
OHH - Very Lame -
You blame Reagan , Bush 1 and 2 for the debt - NOT A WORD ABOUT DEAR LEADER.
Interesting - You DO know that Obuma added MORE DEBT THAN ALL OTHER PRESIDENTS COMBINED ? You didn't ? How stupid of you - let me EDUCATE you
6 TRILLION AND GROWING - RING ANY BELLS ??
Someone is behind the ball here.
Japan has already collapsed and is insolvent. It;s trade with China has collapsed over the island dispute with China. The Chinese government told it's people to protest the Japanese declaring the islands theirs and had to back down when hundreds of thousands of Chinese started to smash Japanese businesses in China and Japanese cars in China.
However the government is still telling people to not to buy or work for the Japanese just don't destroy their things for the moment.
This was the death blow to the Japanese economy.
It is not going to recover.
As far as GDP goes the holdings of the Japanese Central bank and for that matter the US Federal Reserve should not be counted.
Considering this the Japanese GDP to debt ratio is probably 1 to 5 -- collapse of its economy
The USA GDP taking out 25 percent or $4 trillion for the Federal Reserve and the $4 trillion we would make our GDP to debt ratio 1 to 2 -- about ready to collapsed. And considering of the $8 trillion we have left in real GDP only $2.5 trillion is real wages to most Americans is not enough to keep the economy going when things are priced at someone making $120,000 not the $30,000 most people get.
Classic Marxist theory, right out of 'Das Kapital'.... In order to form a socialist society it is necessary to eliminate the middle class. The easiest way to accomplish this is through the destruction of the bourgeoisie by fiat currency creation. This will lower their wages and eliminate their savings. Once this is done the rich will be easy to dispose off...
"One thing we don't have are companies anyone really wants to work for"
Very good point Veteran. Painfull, but good.
Well I'm glad SOMEONE in the country knows what's going on. THERE ARE ONLY THREE WAYS OF GOVERNMENT GETTING MONEY: TAXATION [stealing], BORROWING, OR THE PRINTING PRESS. There is no OTHER way you liberal and fascist idiots. I'm glad to see MirageGuy finally say it.
It is NOT Obama's or Bush's fault. IT'S BOTH OF THEIR FAULTS.
GOVERNMENT GOT US IN THIS MESS, and the ONLY way out is going to be currency collapse [like Germany in the early 1920s] or worse.
If the United States continues to support the world, and protect countries with its military,
we will join the third world failing economy!
News Flash! We haven't had a truly free market in this country since the FED was established in 1913.
What we have now is STATE capitalism/Corporate socialism.
there is a difference.
We live in a Global society so what happens in Japan where they are selling worthless debt affects us since we are doing the same. I think everyone gets that.
Regal, I suggest you RE-READ this article, as your statements show that you didn't....
Good for a laugh, but not very smart Regal.
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