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Japan Resumes Hyprintspeed Part 2: Presenting.... One QUADRILLION

Tyler Durden's picture




 

Part 2 of our "Japan resumes hyprintspeed speed" series comes courtesy of The Privateer's Bill Buckler who has discovered that quadrillion is the new black.

The latest projections from the Japanese Finance Ministry regarding the fiscal year which started on April 1 make for sobering reading. They say that Japan’s “public” (funded) debt will probably rise by 5.8 percent this year - to 997.7 TRILLION Yen ($US 12.2 TRILLION at current exchange rates). Should these projections be even slightly on the optimistic side - and government financial projections always are - then Japan could easily be looking at a public debt of 1,000 TRILLION Yen by March 31, 2012.

There is another way of expressing 1,000 TRILLION. It is the same as ONE QUADRILLION.

The sheer magnitude of these numbers has long been a talking point for the watchers of international finance. Now, they are becoming very nervous indeed. The OECD has recently “urged” the Japanese government to “do something” about their deficits, especially in the wake of the earthquake disaster. Noting that Japanese sovereign debt is about to hit 204 percent of GDP, they suggested that Japan’s current sales tax be “at least” doubled from its present 5 percent to 10 percent. The Japanese Foreign Ministry politely declined to comment on this suggestion, contenting themselves with assuring the OECD that - “We will continue to work to maintain and secure trust in Japanese government bonds.”

At this, a line from Rosencrantz and Guildenstern are Dead comes to mind: "Eternity's a terrible thought. I mean, where's it all going to end?" While this has been mostly a rhetorical question over the ages, G7 central planners are set to provide a definitive answer very soon.

(and people worry about the "bubble" in precious metals)

 

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Sun, 05/01/2011 - 08:26 | 1225216 Zero Govt
Zero Govt's picture

the socialists must have been kicking themselves back in 1925 not have taxed petrol, coal, gas, cars, aeroplanes, houses and meat as a way to stop tornados and change the weather 

...anyone that thinks socialists are empty, ignorant, thieving scum just doesn't understand the finer workings of their delusional peanut sized brains

socialists: misunderstood for over a Century (yawn)

Sun, 05/01/2011 - 08:39 | 1225229 cowdiddly
cowdiddly's picture

or that its on pace to be the most active tornado season on record times 5. Nah probabl just an outlier. Yep attributable to nothing. Mother Earth is trying to say something. Whitey is starting to find out Whos your Daddy.

Sun, 05/01/2011 - 09:06 | 1225259 Calmyourself
Calmyourself's picture

Yes, she is trying to tell you that your a gnat, you mean nothing and all the socialist carbon trading schemes in the world will not change a damn thing.. Make your dumb ass feeeel good, look you made a difference, what a good boy, recycle your can now. Idiot, peddle your bullshit somewhere else the vast majority of these people have caught on..

Sun, 05/01/2011 - 10:48 | 1225391 cowdiddly
cowdiddly's picture

Touch a nerve? Read your avatar.

Sun, 05/01/2011 - 11:00 | 1225402 Calmyourself
Calmyourself's picture

Touch a brain cell? Read my post..Stop huffing cow farts..

Sun, 05/01/2011 - 12:37 | 1225540 Zero Govt
Zero Govt's picture

Cowdiddly  -  have you read the Vostok ice-core data? Can you follow a simple graph!

forget the theory that CO2 has a 'miltiplier effect' (unproven in 10 years of UN IPCC trying) on water vapour (because CO2 itself is too puny to heat the atmosphere). The Vostok data of Earths temperature/CO2 fluctuations over 560,000 years is not theory, it's a reality experiment, real science in action (remember what reality and real science looks like?)

Vostok records show 4 times in the past 560k years Earths temp has risen and fallen and 4 times Earths CO2 levels have followed rising and falling behind it. The time lag between temp rise and CO2 rise following is 800 years. Temp rise is the horse, CO2 rise the cart that follows. Yet strangely the Govt funded scientists (hired crones) keep trying to put the cart before the horse! Like they're ignoring the real sound science and trying to fit their crony science theory to 'fit' their political masters 'story'.

Strange when real science demonstrates it's actually the other way round (Doh!) 

Vostok also shows that as Earths temp drops off its peak 4 times towards the next ice-age, little old CO2 continues to rise 800 years later and then follows down right along. Earths temperature is NOT effected by peak CO2, it ignores it (ie. peak CO2 has no effect on Earths temp), even when CO2 has been up to 5 times higher than todays 385ppm levels.

This puts to bed your pile of crap (theoretical) science. It's as dead as a Dodo to any school kid able to follow a science graph. Earths temp/CO2 has already disproved the theory with real (recorded) science.

And like the Vostok record we also have a long historical record of how socialists promising 'salvation for the people' have delivered: the bankrupt, run down shit holes they made of Russia, Eastern Europe, China, North Korea, Cuba etc... how has 4 decades of socialists (Democrats) governing in Detroit and Chicago been going? ...has the thieving socialists (robbery through taxation) and subsidies of all the losers delivered regeneration, lifted equality and wealth for all, or is it the exact same shit hole of everyone being dragged down the toilet as happened in every country it is practiced?

'FAIL' again ..what a 'surprise' eh? ...everything is a 'surprise' to sieve-brained socialists because they keep forgetting and repeating the same dumb mistake, humming the same dumb Marxist matra

Sun, 05/01/2011 - 13:15 | 1225641 Piranhanoia
Piranhanoia's picture

Your argument can not control time, and it is based on that premise. Decades and eons are not interchangeable for comparision.

Sun, 05/01/2011 - 14:55 | 1225769 TaxSlave
TaxSlave's picture

Stop trying to confuse people with evidence.  They are doing important work, an ancient task.  Scare people about nature's wrath, and gain control over people thereby.  It's all about the control.  They are fulfilling a basic human need.  The need to feel secure by having someone smarter than they are tell them what to do.  You don't want them to feel insecure, do you?  And why shouldn't they pay a little price for all the work it takes to make them feel secure?  They are simply doing what used to be God's work.  So give them a break.

Sun, 05/01/2011 - 19:37 | 1226300 topcallingtroll
topcallingtroll's picture

I have been neutral in this and have no axe to grind.

We have had far higher temperatures in the past well before industrialization and even before civilization itself.

The ice core data proves it. You will not hear anything more from the people who argued man made co2 caused global warming. They are scientists and will accept the evidence, soon.

Sun, 05/01/2011 - 12:33 | 1225569 maximin thrax
maximin thrax's picture

"Mother Earth is trying to say something"

Like, perhaps, basements are for more than just boilers?

And, as far as your "whitey" remark, maybe you should look a bit closer at the skin color of many of the unfortunates in Birmingham.

Sun, 05/01/2011 - 12:44 | 1225588 Zero Govt
Zero Govt's picture

Maxim

no politician or green has any idea what Mother Earth wants, they're all running-on-empty gob-shites

they have afterall set themselves at "War" with ecologies greatest airbourne plant fertilizer, CO2. You simply can't get more fuking stupid and out of sync with all life on the planet than that!

Total cretins

Sun, 05/01/2011 - 13:00 | 1225612 maximin thrax
maximin thrax's picture

It all boils down to the Indoctrination of the next generation(s) to engrain a fear that will steer their behavior in ways acceptable to government, and remove the concept of choice and freedom in doing certain "earth-unfriendly" things from their consciousness. My 8-year-old is already talking about How to Save the Planet. One day, probably after a simlar-scaled catastrophy, I'm going to have the "Mother Nature is unceasingly trying to kill you" talk with her to snap her back into reality.

Sun, 05/01/2011 - 13:27 | 1225666 goldfish1
goldfish1's picture

g w = h a a r p ?

Sun, 05/01/2011 - 03:42 | 1225077 The Navigator
The Navigator's picture

Just so you know what to call it, after quadrillion, is quintillion - but by then if not sooner, we're fucked.

Does Excel even allow you to put 1 quintillion into 1 cell?

Sun, 05/01/2011 - 05:30 | 1225140 Mentaliusanything
Mentaliusanything's picture

Microsoft is feverishly working on the problem. A fix will be sent to you shortly- even if you don't want it!

Hyper speed and all the bitches you want to add

Sun, 05/01/2011 - 09:02 | 1225256 Long-John-Silver
Long-John-Silver's picture

I dumped Microsoft years ago. Linux Bitchez!

Sun, 05/01/2011 - 07:20 | 1225193 onthesquare
onthesquare's picture

I suggest a 10 fold reverse split

and while they are doing it get rid of the 1/10 on the price of gas. Just round it up to the nearest cent and stop fiddling with the fraction or decimal.

We are all big boys we know what we are not saving.

Sun, 05/01/2011 - 08:31 | 1225233 PeaBird
PeaBird's picture

"10 fold"? More like "10 Trillion fold" reverse split will be what's adequate by the time this is over.

Sun, 05/01/2011 - 10:01 | 1225323 I am Jobe
I am Jobe's picture

I think Quotro Pro allows you to do it , and less fancier. Check it out might have to run it on a 386 or 486 DX or SX.

Sun, 05/01/2011 - 13:30 | 1225669 goldfish1
goldfish1's picture

1E+18
Sun, 05/01/2011 - 14:15 | 1225720 Chicken_Little
Chicken_Little's picture

Bernank is working on it. Add 2 zeros on all dollar notes. There's no inflation.

Sun, 05/01/2011 - 03:35 | 1225079 plocequ1
plocequ1's picture

What a fugly world its going to be. 

Sun, 05/01/2011 - 03:43 | 1225081 The Navigator
The Navigator's picture

deleted

Sun, 05/01/2011 - 05:33 | 1225141 Mentaliusanything
Mentaliusanything's picture

BREAKING NEWS - RED ALERT

http://newsok.com/superman-may-forsake-american-citizenship/article/3563431

OMG - NOOOOOOOO!

Reality meets action

Sun, 05/01/2011 - 05:36 | 1225145 Mentaliusanything
Mentaliusanything's picture

I never trusted a man that wore his underpants on the outside. 

Very red suits was a dead giveaway. I'm shattered!!

Sun, 05/01/2011 - 05:41 | 1225147 Mentaliusanything
Mentaliusanything's picture

Its not superman - look its Tyler Durden - He has given up fight club - it just not enough any more!

I'm selling everything. 

http://latimesblogs.latimes.com/washington/2011/04/superman-citizenship-renounced-in-new-comic.html?cid=6a00d8341c630a53ef014e8824ade8970d

Don't junk me - I'm at a very low point in my life at present. The last vestage of my youth has realised that it's not a level playing field any more. Timmay is winning

Sun, 05/01/2011 - 11:01 | 1225412 serotonindumptruck
serotonindumptruck's picture

"I'm selling everything."

Speaking of Superman, there appear to be quite a few eBay and Amazon buyers left in this shitty economy. I began dumping my useless collectables (i.e. old comic books) about three months ago. Some moron actually gave me $147 for a twenty year old comic book a few weeks ago. Those funds went towards the purchase of a very nice SIG Sauer pistol last week.

Sun, 05/01/2011 - 13:23 | 1225659 captain_menace
captain_menace's picture

Which comic?

And which sig?

Sun, 05/01/2011 - 14:29 | 1225735 serotonindumptruck
serotonindumptruck's picture

The comic publisher was Boneyard Press.

P226 9mm

Sun, 05/01/2011 - 07:21 | 1225195 onthesquare
onthesquare's picture

I believe Superman was conceived in Canada.

But born and raised in the US.

His father was Canadian eh.

Sun, 05/01/2011 - 07:46 | 1225204 Mentaliusanything
Mentaliusanything's picture

I want to see his full (unaltered) Birth certificate.

I mean really if the president has to jump through hoops, Superman must.

I an Earther......... bitches

Sun, 05/01/2011 - 09:08 | 1225263 Calmyourself
Calmyourself's picture

Hoops, yeah, like releasing grades from college. Last one did that.. hmm. How about releasing anything he actually wrote himself at haahhvaad.. Big ole hoops, yep sounds more like burnishing his credentials as the smartest man eveh in the white House.. By the way have you seen the crease in that man's pants, outstanding smithers.. Deep thinker aren't you..

Sun, 05/01/2011 - 11:02 | 1225410 DosZap
DosZap's picture

I mean really if the president has to jump through hoops

No he didn't, the moron should have put it out 2yrs ago.

Either way,never seen a BC w/out a Notary Seal, or /and baby footprints.

This same Green sheet wa shown over a year ago.

I am more oncerned with how he traveled to a Banned( No travel) country several times from the USA w/out a US passport.

It was Illegal.

So, what Passport did he use?.

Riddle me that.He had to have gone on a foreign  passport.

Simple he's the Puppetmaster.

Right hand moving, left doing all the damage.

Sun, 05/01/2011 - 12:39 | 1225579 maximin thrax
maximin thrax's picture

Don't put much stock in History

Can't make Dervatives through Trigonometry

Don't remember 'bout the Hayek I took

Nor 'bout the Great Depression, tho' I wrote the Book

Why limit one and one to just Two?

So if you Print then I'll Print on, too

What a Fuggly World this will be.

Sun, 05/01/2011 - 03:43 | 1225083 Troy Ounce
Troy Ounce's picture

 

Just to be prepared for next month: What is a 1000 Quadrillion?

Sun, 05/01/2011 - 10:34 | 1225370 disabledvet
disabledvet's picture

a word.

Sun, 05/01/2011 - 11:18 | 1225430 serotonindumptruck
serotonindumptruck's picture

Quintillion

Sun, 05/01/2011 - 03:46 | 1225086 pitz
pitz's picture

At least Japan has the SUKI (tm) religion.  Things would suck otherwise, no pun intended.

Sun, 05/01/2011 - 04:12 | 1225095 I am Jobe
I am Jobe's picture

Holy shitz. ben must be jealous about the Japs ahead of this. Another Press Conference and more crap from the FOMC is what we need, a well prepared speech . FOMC needs to invest in a Teleprompter. Look at Obama he is good at it.

Sun, 05/01/2011 - 04:23 | 1225096 DoChenRollingBearing
DoChenRollingBearing's picture

Holy moliga!  Just as I addressed my comments on the previous Japanese thread, I would pass along my latest thoughts:

1)  Jim Wille says that the Yen could get STRONGER as Japan sells US assets (bonds) and yet the Bearing has his doubts, as no one is God

2)  A $QUADRILLION in anything (esp. paper) should orient each one of us to PHYSICAL gold (and or other PMs, but I am in FOFOA's camp: GOLD is best!)

Since NONE of us are our Heavenly Father, my worth little worth recommdation is to hold physical gold if you want to pass it along to your heirs...

Sun, 05/01/2011 - 08:34 | 1225235 cossack55
cossack55's picture

FOFOA is not taking into account that gold makes lousy bullets.  You would have to make dum-dums so there would be no thru&thru. $1000.oo a shot is too much. Plus historically, gold does not work on vampires or werewolves.

Sun, 05/01/2011 - 09:12 | 1225267 Calmyourself
Calmyourself's picture

Should work just fine on the Wall street vampire variety..

Sun, 05/01/2011 - 09:23 | 1225280 old naughty
old naughty's picture

+1000.oo, silver does!

Sun, 05/01/2011 - 10:49 | 1225393 topcallingtroll
topcallingtroll's picture

Repatriation or merely failure to buy more treasuries does make the yen stronger, therefore more quantitative easing.

The treadmill has sped up. They must run faster just to stand still.

Sun, 05/01/2011 - 14:27 | 1225733 Chicken_Little
Chicken_Little's picture

The Bernank has already called Japan to offer them a drive through window to freshly printed dollars to transfer to Yen for rebuilding to keep them from dumping UST's. It appears the Japenese are printing Yen at an alarming rate. I agree with Jim Willie that all this money printing will end up in a global disaster.

Mon, 05/02/2011 - 04:22 | 1228519 i-dog
i-dog's picture

"all this money printing will end up in a global disaster"

Indeed ... All the forests will be gone. Timmaaay is causing Global Warming.

Sun, 05/01/2011 - 04:27 | 1225097 AnAnonymous
AnAnonymous's picture

As the yen value will not be affected that much, contrary to the apostles of monetary dilution's claims, these guys are simply giving them free tickets to buy commodities and other goods. More inflation to come as all the guys who will receive yen shall want to park that money somewhere they can get something in return.

 

One interesting point is that economists have set a theorical level beyond which they say debt is no longer sustainable. Japan will test the thesis very soon. Just to debunk it by the way.

Sun, 05/01/2011 - 06:46 | 1225171 zhandax
zhandax's picture

Keep in mind that there are currently 81 yen to the dollar.  IOW, a yen is worth about 1.25 pennies.  The US debt expressed in cents is equally alarming (not that it isn't defcon 5 alarming expressed in dollars).

Sun, 05/01/2011 - 14:36 | 1225747 Chicken_Little
Chicken_Little's picture

You are talking about current fiat currency rates, When TSHTF, most fiat paper curriencies will return to their intrinsic value of 0. Gold and silver are money and have never lost value to 0. I'll give you all my paper money right now for your gold and silver.

Sun, 05/01/2011 - 04:26 | 1225102 goldm3mb3r
goldm3mb3r's picture

Howdy folks. I am new to this site so would you do me a kindness, would you? You see I do not know whether this is good for gold. Should I sell my stash with the aim of buying it back later at a lower USD (that's United States Dollar) price and making more? Sorry to bother y'all but I asked the Lord and he said "I get 1Bn requests a day and trolls just slow up the process" He is the CEO (Chief Executive Officer) 

Sun, 05/01/2011 - 04:48 | 1225114 ZFiNX
ZFiNX's picture

Keep it secular, brah.

Sun, 05/01/2011 - 05:04 | 1225125 anvILL
anvILL's picture

I don't know about making more money.
I think the end of QE2 will be negative for gold for a while, but again, I may be wrong.
There could be some Eurozone panic driving gold higher and mortgage mess driving the USD even lower, sending gold higher in USD terms.

However, what you should do, is to open up a brokerage account so that you can short GLD, this will allow yout to hedge your stash at your fingertips at a low cost very quickly, just in case it becomes much more obvious that gold is going down.
Moving your stash in and out of coin shops only benefits your coin shop. Not you.
Also, buing back physical metal is mentally much more difficult if you miss a rally.
Buying back shorted GLD shares is much easier since you need to pay interests as long as you are short.

In short, hold your stash. Short GLD instead if you really want to sell your gold temporarily.

Sun, 05/01/2011 - 06:14 | 1225157 Twindrives
Twindrives's picture

Sell your stash, buy some Peruvian flake, and watch the United States collapse.  That's what Congress and Obama are doing.

Sun, 05/01/2011 - 08:38 | 1225237 cossack55
cossack55's picture

Hamy, is that you. Gunslinger, are you hidin again.

Sun, 05/01/2011 - 09:01 | 1225255 goldm3mb3r
goldm3mb3r's picture

No, I saw TexGS' entrance to ZH and I thought - "that's the way to do it". It was a homage.

Sun, 05/01/2011 - 11:19 | 1225436 Terminus C
Terminus C's picture

I laughed

Sun, 05/01/2011 - 09:11 | 1225269 Calmyourself
Calmyourself's picture

Ole' Tex could have been real.. He had a point even if he was a troll, perhaps the first few comments could be helpful gauge reaction and then light him up? Just saying..

Sun, 05/01/2011 - 10:22 | 1225356 goldm3mb3r
goldm3mb3r's picture

I appreciate Tex as a piece of performance art. If it is any consolation I junked myself as a warning to others. 

Sun, 05/01/2011 - 11:03 | 1225409 Calmyourself
Calmyourself's picture

Performance art +1. After his post above we absolutely have another HAMY WANGER... lol

Sun, 05/01/2011 - 11:14 | 1225379 topcallingtroll
topcallingtroll's picture

.

Sun, 05/01/2011 - 10:43 | 1225387 fuu
fuu's picture

oops

Sun, 05/01/2011 - 11:11 | 1225425 topcallingtroll
topcallingtroll's picture

Ok funnyman.

Looks like i was the retard.

My apologies.

Sun, 05/01/2011 - 04:26 | 1225104 anvILL
anvILL's picture

The scary thing is that, the Nikkei is still below 10k despite all this printing going on.
I wonder what it would look like if there was no printing.

Sun, 05/01/2011 - 06:54 | 1225176 equity_momo
equity_momo's picture

90 percent below its 1989 peak. Thats what happens to just about every bubble. They pop and drop 90%.    Dow 2k is our destination regardless what Banana Ben does.

Sun, 05/01/2011 - 08:37 | 1225239 cossack55
cossack55's picture

DOW 2K, a little overly optomistic, are we not?

Sun, 05/01/2011 - 10:44 | 1225390 disabledvet
disabledvet's picture

agreed that "a little foreplay" would be nice on this one.

Sun, 05/01/2011 - 11:52 | 1225502 winning
winning's picture

Never!!!

Only way that happens is if they run out of paper ... 

They will print nonstop to keep the market up ...

Sun, 05/01/2011 - 04:29 | 1225106 capitallosses
capitallosses's picture

Japan has ancient characters for gold and silver and I like them a lot, hence my avatar. Gold and silver bitchez!

Sun, 05/01/2011 - 05:51 | 1225136 Tail Dogging The Wag
Tail Dogging The Wag's picture

Actually these are Kanji characters (Chinese). The kanji were developed in the Middle Kingdom around 6,000 BCE... that makes them about 8,000 years old. The characters made their arrival in Japan around the 1st century of the CE. They were inscribed in Chinese products that became favourite imports in Japan. The Han had a common habit of inscribing their script on stone and metals such as silver and gold. It's rather interesting to realize that a modern form of these ancient hieroglyphics is inscribed in the next world reserve currency. Not the Japanese Yen, but the Chinese Yuan.

Sun, 05/01/2011 - 10:20 | 1225352 FrankIvy
FrankIvy's picture

Tail Dogging wrote: "The characters made their arrival in Japan around the 1st century of the CE."

For all those who haven't seen this yet, "CE" is the Jewish/Zionist way of attempting to remove/diminish references to Jesus Christ, the separtist Jew.

You may know it as "AD," which means, "in the year of our Lord."

It's just more words-more-important-than-meaning self-serving stupidity.

I wonder what the Jews say when their kids ask, "why do we call it the common era?"

Sun, 05/01/2011 - 11:27 | 1225456 Terminus C
Terminus C's picture

Yes... it was the Jews.

It was done in an attempt to 'pc' our calendar so that people of other faiths would not feel excluded.  However, the cosmetic switch fooled no one and just outed the pc movement as a rediculous operation.

It is interesting however, that measurement of time is a cultural phenomenon and it does show just how integrated religion and folk lore are in our society.  It is why. during the French Revolution, they changed the calendar and the number of days in the week.  It was the only way to secularize the population.

 

Sun, 05/01/2011 - 10:24 | 1225354 FrankIvy
FrankIvy's picture

BTW - China is folding.  Their currency will never be a world reserve currency.  They got to the oil party too late.  Sucks for them.  When oil production has declined another 50% (figure 10 years), they'll have another revolution as 1/2 billion people realize at once that they're never going to get out of their bamboo hut.

Sun, 05/01/2011 - 13:43 | 1225679 captain_menace
captain_menace's picture

Don't underestimate bamboo.

It's come a long way.

Sun, 05/01/2011 - 14:57 | 1225776 Chicken_Little
Chicken_Little's picture

My Gf here in Thailand gets bamboo at a local market and boils it. Good stuff but it makes me poop about an hour after I eat it, so I have to keep close to home until it makes it's trip through.  :)

Sun, 05/01/2011 - 14:54 | 1225770 Chicken_Little
Chicken_Little's picture

How can you say this? When they achieve 10% gold reserve of the Yuan they will also have massive silver reserves to add to the international standard. The 1/2 billion people you think won't get out of their bamboo huts...the Western world's millions of foreclosures are driving them into tent cities and "bamboo huts". A stable gold and/or silver based currency will drive the local population out of bamboo huts into affordable housing. They aren't into the natural resource party too late. Nice comment Frank but you're way behind the times dude..

Sun, 05/01/2011 - 18:32 | 1226068 Al Gorerhythm
Mon, 05/02/2011 - 04:29 | 1228525 i-dog
i-dog's picture

The Chinese aren't emotionally attached to oil like the Rockefeller and neocon families. They'll go with any new energy source that someone else discovers/invents.

Sun, 05/01/2011 - 04:38 | 1225107 Sudden Debt
Sudden Debt's picture

What I don't understand is why they don't monetize...

This just proves that the bankers over there have so much control they manage to keep abstrackting all the taxpayers money in their pockets and turned them into their slaves.

Japan should just monetize 100% and start all over again. It would be hard for them the first 5 years but after that they should be able to rebuild their economy to what it should be.

 

Sun, 05/01/2011 - 06:02 | 1225152 TheGreatPonzi
TheGreatPonzi's picture

Most intelligent people realize that the monetary situation in Japan is ridiculous since 1990. I'm always amazed that answers have not been demanded from central bankers after 20 years of continuous failure. 

The problem is that Japan is a democracy, and most people in Japan (>50.1%) don't fucking care about financial issues, thus screwing over and over the informed minority.

Sun, 05/01/2011 - 08:59 | 1225254 Rick Masters
Rick Masters's picture

Uh, maybe it's because unlike America the reason Japan can print like this is because the majority or a very large portion of its debt is owned by its own citiznes and or the Japan's National Pension Fund. So, basically, a lot of citizens do care about their debt problem since they are the ones buying it staving off foreign creditors...or something like that.

Sun, 05/01/2011 - 10:53 | 1225398 disabledvet
disabledvet's picture

"He was just too high strung."  The citizens indeed "do care" except that "they care about that, too."  And of course "it's not a problem, until it is."

Sun, 05/01/2011 - 15:33 | 1225818 Chicken_Little
Chicken_Little's picture

See ZH article and chart as to who's the latest member to the global printing party. Japan should retire their currency and make a new one tied to a gold and silver standard and they'd be the 1st one on the block after Malaysia to do so. Monetize 100% and then devalue the yen to a PM standard? Is this the end game for all paper money countries?  Perhaps the best way is for all countries to default on their debts, make the TBTF banks and their toxic deritives to fail, and we all go back to a PM based currency and live within our means?

Sun, 05/01/2011 - 04:48 | 1225108 cranky-old-geezer
cranky-old-geezer's picture

1,000 trillion govt debt works in Japan because Japan is a major manufacturing & exporting nation.

We'll see 1,000 trillion govt debt eventually, and we're not a major manufacturing & exporting nation. 

When US dollar loses WRC status we'll see USDJPY fall to 1.0000. That's when we'll see US govt debt rise to 1,000 trillion.

What currency will be the next world reserve currency?

Answer: The biggest manufacturer & exporter, i.e. China.

Sun, 05/01/2011 - 05:10 | 1225128 TIMMAYYY
TIMMAYYY's picture

no no no...we'll all be sourced and forced to make cheap goods for china to consume. welcome to the worlds biggest labour camp bitchez...

im looking forward to a "life of fines and beatings"

Sun, 05/01/2011 - 05:10 | 1225131 I am Jobe
I am Jobe's picture

You forgot the suicides. maybe USA can mimic FOXCONN and APPL can whip Americans to shape by killing Americans. Long Live AAPL.

 

Sun, 05/01/2011 - 09:38 | 1225292 old naughty
old naughty's picture

You could very well be right, on one side of the coin.

But then, Japan was the biggest manufacturer & exporter (they are still pretty big today), look where they were at (even before the tsunami hit)?

Who will China export to? Just asking...

And, who can say there will never be another tsunami hit? Just saying...

Sun, 05/01/2011 - 11:25 | 1225449 hangemhigh
hangemhigh's picture
TO: old naughty
on Sun, 05/01/2011 - 09:38
#1225292

 

Who will China export to? Just asking...

ANS = Greater East Asian Co-Prosperity Sphere..................... 

Sun, 05/01/2011 - 12:02 | 1225516 old naughty
old naughty's picture

Isn't that old hat...Now that Japan is in recovery mode?

Chinese Premier visited Malaysia, first time in his nine years in office.

Why now? Hum...

Sun, 05/01/2011 - 16:23 | 1225902 Chicken_Little
Chicken_Little's picture

When all fiat paper currencies fail on a global scale, the countries that have the factories and the gold, silver, food, and oil reserves will do best. But I read a post by someone here about a dollar collapse that I've been thinking about for a long time. I remember all the textile, furniture, and machine tool companies in the South that got outsourced here to SE Asia. What if they wouldn't take the USD anymore? How long would it take unemployed US workers to get back into production? Look at history in the 1940's when car factories were making airplanes and the ship building that went on. The resources are there and the people are willing to work if offered a job. But there's a very scary history to a paper currency failing, it most always causes governments to start a war.

Sun, 05/01/2011 - 04:57 | 1225119 Captain Planet
Captain Planet's picture

exactly what are they exporting? last I checked, Toyota said it had to cancel all operations  till the end of '11.

Oh right, they export veggies. Yummmmmmmmm!

Sun, 05/01/2011 - 05:16 | 1225134 anvILL
anvILL's picture

>last I checked, Toyota said it had to cancel all operations  till the end of '11.
Go check again.

Sun, 05/01/2011 - 05:39 | 1225144 goldm3mb3r
goldm3mb3r's picture

Toyota UK factories are on short time. My neighbour is down to 3 days a week and this is on top of a 30% decline in the demand for new cars in the UK. He thinks that it is a temporary thing, but I am not so sure.

Sun, 05/01/2011 - 07:09 | 1225189 anvILL
anvILL's picture

Currently, Tsutsumi, North Kyushu Factory is operating at 50%.
Toyota is claiming that in other Japanese factories, its operating at 50% few days a week. (Although I highly doubt that its moving so much from what I see)

After gathering some information of some key parts suppliers, I am guessing that Toyota would be able to ramp up production to a certain extent by the end of September, although it may take an additional few months to completely recover.

If you want to check if my guess turns out to be right or not, you can always check how much cars are being shipped by taking a look at Toyota's yards using Google maps.

Sun, 05/01/2011 - 13:46 | 1225687 captain_menace
captain_menace's picture

Google maps shows an empty lot where my house has been sitting for six years.  I might consider a different source...

Sun, 05/01/2011 - 17:08 | 1225957 reload
reload's picture

Your neighbour is right; its temporary - until the 2 day week is introduced. 

Sun, 05/01/2011 - 05:34 | 1225142 goldm3mb3r
goldm3mb3r's picture

It is going to be very interesting to see how the ageing population of Japan is going to react when they realise that their paper retirement accounts have lost their purchasing power. I love gold me.  

Sun, 05/01/2011 - 06:50 | 1225173 longorshort
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What are average real estate costs in London now?  Has there been much if any pullback.  Canada, Britain, China, UK, and Austrailia all have huge freaking housing bubbles that probably dwarf the US in Size.  What would be nice is a zerohedge article analysing the debt, who/how much is this debt insured by, what companies,  10 year price charts by state or reagion.  I think people are going to be chasing the USD down and get a nasty surprise when these other currencies try joining the printing game.  Since allot of things are sold in dollars, I think it could have a revaluing effect simply because no one ase has this and no one else is predicting it.  Everyone says the dollar down.  How often is everyone right for long in the markets.

Sun, 05/01/2011 - 07:26 | 1225196 goldm3mb3r
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The average London price is c£400kGBP, which has detached itself from the rest if the UK which has fallen slightly, because wealthy people worldwide want a pad in a "safe" country and bankers are still getting splendid, well earned, bonuses. The UK housing bubble has not been allowed to burst (low interest rates, tight planning and the fact that unemployment has not exploded, so few forced sellers at the moment) because hell hath no fury like a voter who has lost equity.

Of course values in currency are misleading - against ounces of gold property has tanked, but if you try and explain this, to even otherwise educated friends and family, you get that look. I would not even start to look to buy until the average price is less than 100oz (currently c185oz) 

Sun, 05/01/2011 - 07:50 | 1225206 DavidC
DavidC's picture

"...bankers are still getting splendid, well earned, bonuses".

Loved it!

DavidC

Sun, 05/01/2011 - 07:50 | 1225209 Wakanda
Wakanda's picture

"...that look."  +2

I gave up 'splainin long ago.

Sun, 05/01/2011 - 14:29 | 1225740 Dr. Porkchop
Dr. Porkchop's picture

Price in gold? What are you a pirate?

That's the look.

Sun, 05/01/2011 - 08:37 | 1225238 PeaBird
PeaBird's picture

I would not even start to look to buy until the average price is less than 100oz

Bingo !!!

Sun, 05/01/2011 - 05:54 | 1225151 duncecap rack
duncecap rack's picture

I wonder what it would cost to actually print that many banknotes.

Sun, 05/01/2011 - 11:06 | 1225413 disabledvet
disabledvet's picture

"a word."  where's Careless Whisper?

Sun, 05/01/2011 - 06:10 | 1225153 10kby2k
10kby2k's picture

 

Difference between USA and Japan stock market---  BTFD, stupid.

 

Sun, 05/01/2011 - 07:46 | 1225160 Wakanda
Wakanda's picture

So, is printing a "quad" rillion like having four wheel drive on one's economy?

Or does it mean that all four wheels are spinning with no traction?

+3 for quoting "Rosencrantz and Guildenstern Are Dead".  Where is it all going to end?

Sun, 05/01/2011 - 06:34 | 1225165 Catullus
Catullus's picture

Didn't geithner earn his ponzinomics merit badge in japan 12 years ago?

Sun, 05/01/2011 - 14:02 | 1225706 Colonel
Colonel's picture

Didn't the Bernanke also "advise" them too?

Sun, 05/01/2011 - 06:39 | 1225166 JustinJapan
JustinJapan's picture

To double sales tax here would be political suicide, pure and simple. That's why nobody will do it. Instead they'll build more international airports, bridges to nowhere, roads to nowhere,  continue to outlaw foreign remittance of funds to family members overseas (continued foreigner exodus to China), and stick their fingers in the dyke.

Basically they have to play a very incestuous game here and the wolves are always at the door... The only solution is to raise taxes, lower benefits, open up to foreign ownership and force everyone to take the hit. Problem is, Ma and Pa like to watch TV that tells them Japan is still the #2 economy of the world (yup, they still say that) and things are gonna be fine, and they believe it. Raise taxes and they may just wake up from their TV-induced stupor.

I'll make the following declarative statement just once, and I'll be back to gloat when it comes true. This country will be communist within 5 years, and one of the world's most troublesome within 10. It is over. Too late. Their egos will not accept this level of humilitation among their inferior Asian neighbours and something will need to be doen to save domestic face. I won't be here to watch it as my family and my assets will be halfway round the world back in Canada when SHTFF.

The best thing for the rest of you would be to stand on the shore and watch her burn and sink. Only then will we see the power of this fully operational printing station.

Sun, 05/01/2011 - 07:37 | 1225201 Broomer
Broomer's picture

Don't worry, Japanese people will be kept in line with comics and cartoons.

And for children, there's always this wonderful game, Battle Royale.

Sun, 05/01/2011 - 08:59 | 1225253 Widowmaker
Widowmaker's picture

First on the list to invade:  Canada.

Like taking candy from a baby -- because it is!

Sun, 05/01/2011 - 13:17 | 1225642 Gold 36000
Gold 36000's picture

Scotty!  Give me ludicrous speed now!

I canna do it captain.  The printer!  She canna take much more!

Sun, 05/01/2011 - 06:54 | 1225174 longorshort
longorshort's picture

Does zerohedge have any documentation to back this claim up? 

Sun, 05/01/2011 - 06:58 | 1225178 Twindrives
Twindrives's picture

ZeroHedge's integrity is such that it can stand on it's own merit.   Thanks for asking though. 

Sun, 05/01/2011 - 09:07 | 1225262 FrankIvy
FrankIvy's picture

Thank you for your interest in ZeroHedge.com.

Sun, 05/01/2011 - 13:06 | 1225630 RockyRacoon
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The title of this article includes "Part 2".

Go see Part 1 and come back.

Sun, 05/01/2011 - 07:10 | 1225188 DNB-sore
DNB-sore's picture

Debt rules!

I have no debt, was holder of and got extra PM's but because of my lack of debt I am charged fully on my income. Over here people are rewarded on debt because it's deductable from your income and then your tax payment goes down. Crazy system

Sun, 05/01/2011 - 07:56 | 1225214 DavidC
DavidC's picture

"Over here people are rewarded on debt"

Are you in Japan? Over here could be anywhere.

DavidC

Sun, 05/01/2011 - 11:19 | 1225438 DosZap
DosZap's picture

David,

Ummmm,yeah, what debt?.

Property taxes, and home Mtg interest.

What else?

And their fixing to take the Home Mtg away.

When they do that we will be a nation of Renters.

Time to load up on cheap houses, as that's where the future wealth lies.(pay someone to take care of them for you).

Sun, 05/01/2011 - 08:27 | 1225227 JustinJapan
JustinJapan's picture

I assume you're "here", too.

Like yourself, I have no debt. House bought with cash up front, same for the car.

I cannot see how you're paying tax on the PMs though. Mine come inthe mail from Australia, and are never even checked by customs, so nobody knows I've got them. I'm certainly not looking to tell them, either.

My advice to you would be to rent an office space under the pretext of starting a business - lets say an English school - and then you write off the rent, utilities, train fare 2xdaily farex265 is the rule I use, any computer equipment you may buy, and any trips abroad as "business trips - for market research". Buy heating oil for the office and take it home in 18L containers - write that off, too. Hell, almost no Japanese companies are profitable, so why on earth would you be??? They just open new divisions, etc, as a way to spend the money so they aren't taxed - you can do the same. In Japan, one must NEVER BE PROFITABLE.

I've been making 0Yen for 8 years. I've amassed enough PMs and liquid assets that I'm not worried about what's coming.

 

Sun, 05/01/2011 - 16:29 | 1225914 Chicken_Little
Chicken_Little's picture

I'm retired in Thailand. I bought a lot of Thai gold in case the baht gets devalued and the rest in goldmoney.com. I'm not worried about what's coming either because I'm in a good safe place.

Sun, 05/01/2011 - 07:16 | 1225191 buzzsaw99
buzzsaw99's picture

Ludicrous speed.

 

Japan goes "the plaid".

Sun, 05/01/2011 - 07:44 | 1225203 tallen
tallen's picture

STANDARD FORM BITCHES

1x10^15

Sun, 05/01/2011 - 07:52 | 1225208 Tense INDIAN
Tense INDIAN's picture

reliance should HEAD UP from here

 

http://markettechnicals-jonak.blogspot.com/

Sun, 05/01/2011 - 07:52 | 1225212 cherry picker
cherry picker's picture

I wonder what the TSA and Homeland Security are going to do with this Superman character.  :)

 

Sun, 05/01/2011 - 09:10 | 1225264 Long-John-Silver
Long-John-Silver's picture

The scientists will get their chance to study and dissect him.

Sun, 05/01/2011 - 10:01 | 1225320 DavidC
DavidC's picture

Not if he's invulnerable - their scalpels won't be able to cut through...

DavidC

Sun, 05/01/2011 - 08:16 | 1225218 nmewn
nmewn's picture

It is remarkable when you think about it.

What governments around the world are intimating by their actions is deficits and the resulting debt don't matter.

If deficits & debt don't matter, there is no need for any taxation to fund a government, it can all just be printed up can't it?

By their very actions they seem to be saying money itself doesn't matter...its the labor that matters for the production of goods & services.

But who will expend their labor for nothing in return?...how will they pay for the troops/police to force someone to labor for another? This would be slavery wouldn't it?

Quite the Gordian Knot they've made me thinks ;-)

Sun, 05/01/2011 - 08:24 | 1225224 larynx
larynx's picture

Interesting thoughts.

The labor matters the most i think, because they need the labor of the masses.
What do you get? A promise that you will get the labor back when you need it.

So they are taking our labor on credit.

Sun, 05/01/2011 - 09:13 | 1225271 nmewn
nmewn's picture

Absolutely...it has always been about labor and the control of it.

Credit is something they can control whereas real money held at arms distance away from them, they cannot.

They can't control labor either, although I'm sure in their noxious notions they think they can. As long as its done outside of their system they have zero control of labor or money.

Its really more about control in my view...which historically, has a huge down side to those trying to impose it. They never learn and in the process spread a great deal of misery attempting it.

Sun, 05/01/2011 - 09:52 | 1225303 topcallingtroll
topcallingtroll's picture

Keynes believed you could manipulate labor by fooling them with nominal price levels.

This only works until the proles understand real versus nominal price and wage changes.

Sun, 05/01/2011 - 08:42 | 1225243 Use of Weapons
Use of Weapons's picture

Define "remarkable", especially in Empire terms: http://www.guardian.co.uk/world/2011/feb/04/may-day-bank-holiday-under-t...

It isn't as if they're even hiding the fact that labour relations are about to get a whole lot more Victorian in their setup - in fact, I'd argue that England will be using a modified version of Neo-Victorianism, or at least will be 'encouraged' to follow it.

What we don't understand is that America just 'doesn't get it'. The model of 5% population using 25% resources, used to exporting deficit to developing nations isn't a 21st Century model.

 

"America is the Weimar Republic with 250 million guns"

 

http://www.bbc.co.uk/blogs/newsnight/paulmason/2010/10/gary_indiana_unbr...

 

Well worth a look - that is social darwinism, and it exists right now.

 

(Are you lot AnCaps or Libertarians? Is there a difference? An Ryand a popular read I take it?)

Sun, 05/01/2011 - 09:35 | 1225285 topcallingtroll
topcallingtroll's picture

250 million weapons keeps smart people polite towards each other and culls out the dumb ones.

Sun, 05/01/2011 - 10:44 | 1225389 Use of Weapons
Use of Weapons's picture

That's the issue us outsiders have though; there's plenty of evidence that you're not all polite to one another!

As for culling. Less said the better - MBAs having the intellectual standard of your currency in terms of both real worth and grade inflation, as most people know already.

Sun, 05/01/2011 - 10:59 | 1225406 topcallingtroll
topcallingtroll's picture

You think america looks crazy and unpredictable now? Just imagine how insane it would be if no one had any guns and no one was afraid of getting shot.

We would make greece look like a paragon of stability.

Sun, 05/01/2011 - 11:04 | 1225417 Use of Weapons
Use of Weapons's picture

Thank you for that bucket of cold water, I needed that.

Excellent response; I always err too much on the side of 'overwhelming police response', the headlines never cover the realities so well (for instance - Gary, Indiana, had 7 police patrol cars for a pop of 100,000 or so, which is fairly equal to "if people get organised / foodstamps cease, call the national guard").

Sun, 05/01/2011 - 11:26 | 1225451 topcallingtroll
topcallingtroll's picture

You should immigrate to the usa.

Life is exciting here. Never a dull moment.

Sun, 05/01/2011 - 16:35 | 1225920 Chicken_Little
Chicken_Little's picture

You should emigrate from the USA to SE Asia where life is easy and safe and not exciting.  :)

Sun, 05/01/2011 - 14:38 | 1225753 knowless
knowless's picture

I had a 10 year old on a bike threaten to shoot me in gary..

the ruins were beautiful though, like detroit.

Sun, 05/01/2011 - 11:27 | 1225457 DosZap
DosZap's picture

How true.

Just look at the crime stats in every country that has been disarmed.( U.K, Austrailia)

Exponential increases.

Our's has gone down for 5-6 yrs straight,(per 100k).(keep in mind we have the most ethnically diverse nation on the planet also).

When you carry a weapon, you must control  yourself,the consequences are far to great,acting the fool.

Sun, 05/01/2011 - 11:09 | 1225421 Calmyourself
Calmyourself's picture

I suggest you delve a bit deeper into whom is polite and who is not? The socioeconomic aspects of that research may suprise you as gun violence is largely of minority persuasion. I advance no reason just a fact. My entire zip code is full of guns but no gun violence, just for safety's sake however I will peek into my gun cabinet and see what nefarious plans are hatching in there.. Wheere are you from UOW?

Sun, 05/01/2011 - 11:24 | 1225444 topcallingtroll
topcallingtroll's picture

He is a brit.

An open minded one.

We may eventually get him to immigrate to the land of the freely armed and lowly taxed.

I have 3 kalishnikoffs as you like to call them and two main battle rifles, plus lots of other stuff just for funsies.

We are quite prepared for the arrival of greece.

Sun, 05/01/2011 - 09:55 | 1225311 nmewn
nmewn's picture

My dear British cousin,

"Define "remarkable", especially in Empire terms:..."

Define unremarkable, especially in post Empire terms.

"What we don't understand is that America just 'doesn't get it'. The model of 5% population using 25% resources..."

Well, this gets a little tiring, perhaps if the euros would provide an adequate defense for themselves and their own interests that equation would change?...believe me, I'm all for it, we got a long border to our south that needs defending.

"America is the Weimar Republic with 250 million guns"

LOL...are you concerned about our governments debt & deficits or our privately held guns? There is a difference, though I'm sure it completely escapes you.

What you need to understand is what I earn is mine...what you earn is yours.

When you elect people to use force against others to take what is not yours, thats where the guns come in.

Are you saying you have American doctors, lawyers, plumbers, electricians (common citizens) chartering ships and looting your country?...I thought the Labour Party's Gordon Brown got rid of over half of Britains gold, you're holding out on us aren't you?...I need to contact my travel agent Cap'n Teach ;-)

Sun, 05/01/2011 - 10:06 | 1225327 topcallingtroll
topcallingtroll's picture

Lmao

Sun, 05/01/2011 - 11:04 | 1225369 Use of Weapons
Use of Weapons's picture

Unremarkable, in post-Empire terms, is globalising credit whilst creating monopolies [real monopolies, however much hidden under different Branding] and gutting the places that birthed you [a case of Cronus like hubris in the USA's case, with regards to Military-Industrial-Infotainment?]. The terms of the game lead by the BIS are now becoming main stream, however I think it highly naive to label this a 'National' problem. As far as I can tell, the new elite feel no particular loyalty to any Nation state - the most telling thing about the 'democratic' revolutions in Eygpt and so forth was that it only took three days for most of the advertising [T mobile, I think in particular, even after their initial support of Mubarak] to return, "revolutionalised". B.A.U.

As for the guns; I've long held that they make the holders only slightly safer in the short term chaos (interesting piece on Eygpt by an American recently on how strong ties to community / street helped his revolution time) - they're not game changers in the long term, and certainly can give a false sense of security. I am ok is fine until you need community / larger scale industrial goods; USA ownership of weapons differs from Canada & Switzerland in terms more of 'talking the talk' than any real power...Unless you can hire Xe Services Ltd. Which some holders of silver might actually be able to do if the place goes truly Weimar - and don't think some of the boys in Washington haven't already considered that (? I would!)

I 'get' AnCaps - I'm not sure what Libertarians are these days, with all the paperwashing going on in places such as the Tea Party. I'll count you as an AnCap, if that's not traumatic for you.

 

As for 'Flash' Gorden's sale of gold, all nicely delivered to a prepped market - well, he expected to get the IMF chair for that little heist. Imagine his horror when the Old Boy Network scotched that deal. Ouch. Still - Auld Lang Syne wasn't to be forgiven. As ever, this site actually covered the story back then - http://www.zerohedge.com/article/did-gordon-brown-sell-uks-gold-keep-aig...

 

tldr;

 

By jove, Jeeves, where's my Bowler hat? An American has knocked it from my loaf of bread!

Sun, 05/01/2011 - 11:06 | 1225414 High Plains Drifter
High Plains Drifter's picture

my dearest southern confederate brother, would you do me a favor?  would you please tell texas gunslinger to take down the flag on his avatar. he is embarrassing hood's texas brigade in a major way.......

Sun, 05/01/2011 - 12:03 | 1225524 nmewn
nmewn's picture

Yes, I see that...I'm of the opinion its our old troll RedneckRepublicant who seems to have spent his time off honing his "craft".

He's being the same ole distraction to the threads topic just like always, hanging around the top "greeting" folks as they enter...he's a fucking idiot.

Sun, 05/01/2011 - 12:50 | 1225597 Gold 36000
Gold 36000's picture

Thanks a lot nmewn.  Do you not know how hard it has been to control 15 troll avatars, three commedians, and 5 agent provocateurs?  It has been a lot of hard work and this is the thanks you give old RR?  I have to maintain 23 distinct personalities and writing styles.  That's how I have to make my scratch from TPTB.  Oh shit.  Wrong avatar.  Time to go back to the fed for reprogramming.  Gold is over and out. Lol

Sun, 05/01/2011 - 13:04 | 1225601 Gold 36000
Gold 36000's picture

You do realize that you and me are the only ones on this thread?  I do all this to keep you entertained.

Do NOT follow this link or you will be banned from the site!