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The Myth of Japan's Failure (pg. 3)
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| Lira |
Japan is doing great. Yeah, right.
The only reason why "Westerners try to belittle" Japan is because of weeasbos who think that place is Heaven on Earth. No country is perfect.
Except, of course, for Sweden. Sweden is superior.
| quote: | Originally posted by srussell0018
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My points stands :D |
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| Joss Weatherby |
| They weren't comparing Japan against the rest of the world they were comparing Japan against the US, where it does better in a lot of places. |
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| Joss Weatherby |
| quote: | Originally posted by pkcRAISTLIN
I notice they didn’t refer to japan’s massive national debt? |
Because any sane person realizes that the idea of national debt is a non-issue for any country that plays a massive supporting role in actual physical trade. Sovereign debt only matters to the little guys who don't produce anything or scare anyone anyways (read Greece, Ireland, Spain).
The US and Japan can run up as much debt as we want, no one will ever call us on it as long as we pay back as little as we can (which we do). The rest is a giant ing scam. :p
For a country like the US or Japan it'd be stupid not to run up our debt while we can and try and fix our issues so we can be even stronger in the future. The US fails to see that and the regressionist conservative libertarians are trying to weaken the US by saying we have to stop borrowing money. If we stop then our economy will falter even more and we will slip into a place where our deby actually matters. |
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| pkcRAISTLIN |
| quote: | Originally posted by Joss Weatherby
Because any sane person realizes that the idea of national debt is a non-issue for any country that plays a massive supporting role in actual physical trade. Sovereign debt only matters to the little guys who don't produce anything or scare anyone anyways (read Greece, Ireland, Spain). |
God you talk some bull. You’re talking about growth, employment etc and government spending is irrelevant? Hahaha.
| quote: | Originally posted by Joss Weatherby
The US and Japan can run up as much debt as we want, no one will ever call us on it as long as we pay back as little as we can (which we do). The rest is a giant ing scam. :p |
Nonsense. The US and japan are no different to anyone else. When people stop buying bonds, then you’re in trouble. |
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| Lira |
| quote: | Originally posted by Joss Weatherby
They weren't comparing Japan against the rest of the world they were comparing Japan against the US, where it does better in a lot of places. |
Even Brazil is probably doing better than the US (and Japan) under many circumstances! |
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| stevebutabi |
| quote: | Originally posted by Vector A
The "Who has bigger towers?" question is meaningless and silly (not least because Japan is basically forced to build upward due to lack of space). Otherwise good article, though.
:p |
Also the strong Yen in that chart isn't helping them out, from what I understand. |
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| saluyamo |
| Maybe censoring their porn has a purpose after all |
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| Joss Weatherby |
| quote: | Originally posted by pkcRAISTLIN
God you talk some bull. You’re talking about growth, employment etc and government spending is irrelevant? Hahaha.
Nonsense. The US and japan are no different to anyone else. When people stop buying bonds, then you’re in trouble. |
And people are going to stop buying US or Japanese bonds when?
Like I said, as long as you provide something that the others require then they wont call in your debt. Yea interest payments keep going up, but its a pittance compared to what you get back.
The reason Greece can't ride on a wave of debt like the US and Japan can is because they don't provide jack . No one gives a about Greece, they could drop off the face of the earth and little would be lost. Drop Japan or the US off the face of the earth and you have some major ing issues since they actually provide quite a bit to the global economy.
As long as you pay the minimum interest payments no one gives a , and they'll keep giving you money. Thats why the US is in such a dangerous place right now. We have neglected our ability to maintain a strong enough domestic economy to continue doing that and there is a fear that we will soon be unable to even do that, and the libertarians want to make it so we can't do that. They are like year-0 communists in Cambodia.
There is no national debt crisis in Japanese politics, at least not on the scale of the US. They are smart enough to know that too many other economies depend on them doing well. |
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| Desiderata |
Why didn't you go to school in Japan instead of your brother?
Serious question. |
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| pkcRAISTLIN |
| quote: | Originally posted by Joss Weatherby
And people are going to stop buying US or Japanese bonds when? |
I don’t know when, if I did im sure I could use that information to make some money. But in no way would I conflate my ignorance with the market’s tolerance for infinite bond sales.
| quote: | Originally posted by Joss Weatherby
Like I said, as long as you provide something that the others require then they wont call in your debt. |
You seem to have a bit of confusion on what bonds are. There is no “calling” anyone. Nations/bond holders can no more call in the debts of other nations anymore than my bank can call me up and demand my house loan back immediately. Bonds are bought with a finite time limit, when they expire.
| quote: | Originally posted by Joss Weatherby
Yea interest payments keep going up, but its a pittance compared to what you get back. |
I have no idea what you’re attempting to say here.
| quote: | Originally posted by Joss Weatherby
The reason Greece can't ride on a wave of debt like the US and Japan can is because they don't provide jack . No one gives a about Greece, they could drop off the face of the earth and little would be lost. |
Clearly you’re wrong otherwise there wouldn’t be such interest in preventing Greece default. Whether a country “provides” anything or not has no bearing on bonds. |
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| Joss Weatherby |
| quote: | Originally posted by pkcRAISTLIN
Clearly you’re wrong otherwise there wouldn’t be such interest in preventing Greece default. Whether a country “provides” anything or not has no bearing on bonds. |
If they weren't part of that massive failure known as the Eurozone they wouldn't. |
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| pkcRAISTLIN |
| quote: | Originally posted by Joss Weatherby
If they weren't part of that massive failure known as the Eurozone they wouldn't. |
You’re ignoring the exposure of US banks to European debt defaults. |
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