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Japan is heading for a full-blown solvency crisis as the country runs out of local investors and may ultimately be forced to inflate away its debt in a desperate end-game, one of the world’s most influential economists has warned.
Olivier Blanchard, former chief economist at the International Monetary Fund, said zero interest rates have disguised the underlying danger posed by Japan’s public debt, likely to reach 250pc of GDP this year and spiralling upwards on an unsustainable trajectory. ”
Comment : I take it that since the U.S. is not quite reached the 100 % level that the paper shell/cover-up games have a ways to go ??? Meanwhile back in reality, the big boys like China & Russia continue to seek the true wealth of the ages by the ton.
” Can you not follow in the footsteps of Giants?” – Another
Have a great day. Looks like they are putting the Precious on sale today. 🙂