OilFinder2 wrote:CLICK HERE4) Sovereign governments that issue their own currency are never insolvent.
Duende wrote: Toward the end of the story they more or less dismissed the issue by citing Japan's debt levels of 200% of GDP along the lines of "if it works for them it could work for us."
Is the situation truly serious? Or is it just a political toy?
Its been there for decadeskiwichick wrote:japan is in severe trouble
peripato wrote:OilFinder2 wrote:CLICK HERE4) Sovereign governments that issue their own currency are never insolvent.
The implication here is that "deficits don't matter", when in fact, after a course, they do. When the sovereign country with the "sovereign currency" starts abusing its privileges, what's to stop other parties from shifting into other asset classes?
Pretorian wrote:peripato wrote:OilFinder2 wrote:CLICK HERE4) Sovereign governments that issue their own currency are never insolvent.
The implication here is that "deficits don't matter", when in fact, after a course, they do. When the sovereign country with the "sovereign currency" starts abusing its privileges, what's to stop other parties from shifting into other asset classes?
This: http://www.defense.gov/
kiwichick wrote:japan is in severe trouble
japan current population 127 million (2006)
sustainable population 19.15 million
http://www.optimumpopulation.org/overpo ... nindex.pdf
japan imports all of it's oil and gas
peripato wrote:How's global domination been working out for ya lately?
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