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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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Fri, 11/09/2012 - 09:55 | 2964106 The big unzip
The big unzip's picture

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

Fri, 11/09/2012 - 09:55 | 2964107 Sans-culottes
Sans-culottes's picture

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

Fri, 11/09/2012 - 09:59 | 2964120 Flakmeister
Flakmeister's picture

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

Fri, 11/09/2012 - 10:06 | 2964163 El Tuco
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........

Fri, 11/09/2012 - 10:06 | 2964164 Vince Clortho
Vince Clortho's picture

Are they going to print Quadrillion ¥ Bills?

Fri, 11/09/2012 - 10:11 | 2964182 Stuck on Zero
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.

 

Fri, 11/09/2012 - 10:31 | 2964249 TWSceptic
TWSceptic's picture

My debt is bigger than yours.

Fri, 11/09/2012 - 10:34 | 2964258 Alfred
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...

Fri, 11/09/2012 - 10:53 | 2964307 Darksky
Darksky's picture

Wonder what a Groupon coupon looks like in yen.

Fri, 11/09/2012 - 10:55 | 2964315 q99x2
q99x2's picture

I'm jealous. I want my QE.

Fri, 11/09/2012 - 11:18 | 2964397 slackrabbit
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...)

Fri, 11/09/2012 - 11:17 | 2964410 GreatUncle
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!

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