Chart Of The Day: One Quadrillion Or Bust

Tyler Durden's picture

Last night, Japan issued an update of its total public debt. The number was ¥983 as of September 30. Trillion. The bad news is that the long anticipated currency legend which will finally say "¥ in Quadrillions" is once more delayed. The good news, is that with the recently expanded BOJ QE8 and QE9, the excess monetization debt capacity, a lot of its going to sweep the aftermath of Fukushima under the rug, will promptly be filled, and we fully expect the December 31, 2012 debt update to finally bring us to the first instance of the word "quadrillion" used in the context of a modern, developed nation.

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The big unzip's picture

Its only money, and they print it everyday in Denver.

Sans-culottes's picture

So Japan proves the ponzi can be extended 9 times. I bid QE 10 will prove to be a charm

Flakmeister's picture

Quads are routinely used in discussing total US energy extraction and demand...

El Tuco's picture

The Japanese people are every Governments wet dream. They only understand how to obey authority never questioning anything. They are the perfect slaves with no hope of a future.

What makes the future more interesting is that their industry is dying. Sony, Panasonic, Sharp etc are all in decline. Many more Japanese are going to be without work. Everything they were good at, S.Korea is now better at. Once they were suppose to rule the world, people use to say they are taking over America and soon they will own everything. Didn't really work out that way for them did it. Kind of sounds like China these days........

Vince Clortho's picture

Are they going to print Quadrillion ¥ Bills?

Stuck on Zero's picture

According to George Bush debt is a good thing because it shows how much faith people have in the debtor.

 

TWSceptic's picture

My debt is bigger than yours.

Alfred's picture

Just think of all the fields in computer programs and databases that will now have to be expanded to accommodate a whole new order of magnitude.

You dusty old CICS programmers you should be licking your lips with anticipation...

Darksky's picture

Wonder what a Groupon coupon looks like in yen.

q99x2's picture

I'm jealous. I want my QE.

slackrabbit's picture

Yep, no more announcemnent unless its Xmas or Mew Years Eve.

"We owe (coughing and whisper) 1 trillion. ...Thank you and Hey look a UFO!!!"

 

 

(Meanwhile, somewhere in washington, little Ben is crying at getting 2nd place...)

GreatUncle's picture

As the number gets bigger a pertinent thought.

Is this a consequence of using computers where the reality of a long string of numbers actually becomes meaningless.

Here's my debt, know so because I wrote it down ...

1,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 ...

000,000,000,000,000,000,000,000.

Now punch that in your computer and send me an outstanding tax bill please.

Gives me a novel idea. If everybody declares their earning to be the above the economy is screwed as there is not that much fiat money in the world you bust the IRS and Bernake is instantly poor!