Japan crisis - the worlds economic outlook?

JimBar

sabretoothtigger wrote: »

Things possibly happening in Japanese government recently Ive read, a bit like the USA government they cannot self finance without continually raising more debt then doing QE but the opposition is trying to force an election apparently.


I was watching Obama's speech. He is a nice guy, he says lots of we wont do that as if there will always be a choice. Being a leader to me is about difficult decisions no one will thank you for, every head of a family knows you dont always get to be the nice guy. I dont see why leading a country should be any easier. Japan, many parts of Europe all face the no win decision, triage is more apt then fancy speeches

Japan announcing that they will likely run out of cash barely caused a ripple. We are becoming desensitized to the gravity of our situation and our likely fate.



For a time, there were economic adversaries. What we have now are economies that are close to synchronous meltdowns. Announcements about unemployment rates, growth rates, and inflation used to have meaning. Now, they are predictably just part of the show.

Mr._Pricklepants

JimBar wrote: »

Japan announcing that they will likely run out of cash barely caused a ripple. We are becoming desensitized to the gravity of our situation and our likely fate.



For a time, there were economic adversaries. What we have now are economies that are close to synchronous meltdowns. Announcements about unemployment rates, growth rates, and inflation used to have meaning. Now, they are predictably just part of the show.

That's really interesting, JimBar/GordonISA/The-Joker/Darthvader/Element47/Poshbird/smilver/realmoney/SilverStandard/Flight2Quality/smeagold/silverbull/llubrevlis/etc...

sabretoothtigger

Darth Vader was the Green cross man you know, he had a good side once

Coordinated devaluation, very confusing. I think something must rise

Former PBOC Adviser: Concerned About Public Debt Levels in US
By Aaron Back TIANJIN, China--A former adviser to China's central bank said Tuesday he was extremely concerned about the level of U.S. government debt, and said the actual U.S. fiscal position was worse than Europe's. The true U.S. national debt, if taking into account the unfunded liabilities of Social Security and the public healthcare systems Medicare and Medicaid, would be around 200% of its gross domestic product, said Li Daokui, an academic economist who until March served as an adviser on the People's Bank of China's monetary policy committee. "If Social Security and the healthcare system aren't deeply reformed, it will affect the U.S. credit rating and eventually affect U.S. Treasurys and the international role of the U.S. dollar," Mr. Li said at the World Economic Forum in Tianjin, China. "This problem can't be resolved through printing money and inflation," he added.

September 11, 2012 01:18 ET (05:18 GMT)

Generali

@whoever: where are all the dead people in Japan from this accident?

sabretoothtigger wrote: »

Darth Vader was the Green cross man you know.....

He crossed to the dark side.

JimBar

Generali wrote: »

@whoever: where are all the dead people in Japan from this accident?



He crossed to the dark side.

Radiation is a slow silent killer, look at Chernobyl, estimations are millions who died of cancer last decades may be from the fallout.

JimBar

Japan used to be the longest lifespan in the world. Old people over 100yrs old were still in the fields working and very happy.

I can see the average lifespan in Japan going down rapidly next few decades.

As well as the birthrate. Abortions have skyrocketed in Japan since 3/11, as well as couples deciding not to have children.

One way or another the population in Japan will be going down even more from now on.

Generali

JimBar wrote: »

Radiation is a slow silent killer, look at Chernobyl, estimations are millions who died of cancer last decades may be from the fallout.

1. There's only fallout if there's an explosion.
2. The best estimate I've heard of deaths so far for Chernobyl is approximately 10,000. As it happened 26 years ago, most of the deaths are likely to have occurred.
There was a very excellent thing on the BBC (World Service?) looking at the estimates of deaths and that was their summation.

JimBar

Generali wrote: »

1. There's only fallout if there's an explosion.
2. The best estimate I've heard of deaths so far for Chernobyl is approximately 10,000. As it happened 26 years ago, most of the deaths are likely to have occurred.
There was a very excellent thing on the BBC (World Service?) looking at the estimates of deaths and that was their summation.

1 There were two big explosions. But that is not important, radiation is still being released into the air and water everyday.

2. That is why its a silent killer, its hard to prove. No one can really say if it wasnt for Chernobyl that the same number of people in the West would have died of cancer.

Generali

JimBar wrote: »

1 There were two big explosions. But that is not important, radiation is still being released into the air and water everyday.

As it is from the sun, granite, TVs, smoke detectors, hospitals, many disused mines and many other places besides.

The fact is that according to the !!!! yer pants predictions a ton of people would be dead by now in Japan which simply hasn't happened.

Save your alarmism for the idiots: perhaps you can sell them a few silver coins at the same time.

sabretoothtigger

Theres radiation in cornwall, naturally occurring. I think they have to watch for build up on radon gas given off granite, obviously a complicated subject.
http://en.wikipedia.org/wiki/Radon#Accumulation_in_houses

They screwed up badly in Japan but it was nowhere near as bad as Chernobyl due to the design of reactor is my impression

The chernobyl head firefighter died in 2004 of cancer. I think it did effect millions but not kill them even later. As someone using water on the reactor roof while it was on fire and operating, surely he was an extreme case

Japan does have massive population problems, the change in their working age over to pensioners will set off problems with their governments debt as these people no longer can save. So if bonds lose value, will they take stocks or gold even as temporary store of wealth.
Is it possible for the bonds and gov to lose massive value and yet the currency is fine as population still holds this. Thats a trigger for USA also as Japan holds their debt as an asset but maybe the population buys dollars. Totally unclear how that proceeds