By using this site, you agree to our Privacy Policy and our Terms of Use. Close
routsounmanman said:
NJ5 said:
routsounmanman said:
200% ?!?!?!

And considering Japan's volume of income (or lack thereof), they're in deeper debt than us, right?

Yes their GDP is more than $4 trillion, so they have around $8 trillion in debt.

Interestingly, almost all their debt is owed to Japanese people. They have big savings so the government doesn't have to go borrow from foreigners.

 

So basically, the Japanese government went bankrupt, borrowed money from Japanese people themselves and drove them bankrupt too... What happens next year, when they still post deficits?

Eventually, they have to cut back services or default. If they default, retirement accounts go poof.



Anyone can guess. It takes no effort to throw out lots of predictions and have some of them be correct. You are not and wiser or better for having your guesses be right. Even a blind man can hit the bullseye.