| kowenicki said: you need to stop with the US hate / Japanese love thing.... IMF chief Christine Lagarde on Saturday said Japan should make reducing its mammoth public debt a priority, while adding that its recent unilateral currency intervention was "in the spirit" of the G7. yeah cause that would help other nations but when it comes to a crisis everybody will try to save their own ass,just look what china is doing with their currency and as for IMF and Lagarde,they are nuts hell bent on globalization which is failing.Their idea of economics is nuts of running your country on debt.
Japan's "priorities going forward are the swift implementation of reconstruction spending, and the adoption of a strong medium-term plan to reduce public debt," the International Monetary Fund managing director said. In Tokyo, Lagarde met Japanese Finance Minister Jun Azumi, Bank of Japan Governor Masaaki Shirakawa and financial services minister Shozaburo Jimi, before leaving for the Asia Pacific Economic Cooperation forum in Hawaii. stop following these nutcases like ben bernake,christine lagarde. the day debt can't be payed,they will run away with their secret banking systems and people of countries around the world will be slaved even worse than today's economic slavery
At more than 200 percent of GDP, Japan's debt is the world's highest after years of pump-priming measures by governments trying in vain to arrest the economy's long decline. they are that because they used USA's monetary policy after WW2 to build its country on debt but don't forget that japan holds alot US dollars as securities like china and russia |
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