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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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9/12 01:45 ET: Japan Officially Freaks the Hell out
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Poster Handle
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^Watcher^ |
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Post Content
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Japan has been in a crisis for decades...the reason they've weathered the storm for so long is because of their nationalism (citizens invested a lot in government bonds).
I know there were rumors from high up BEFORE the earthquake hit that they probably wouldn't make it through the year...since 3/11 there's no way things have gotten anything but worse.
IMO they are trying to hold out for as long as possible and hope the crisis starts in the EU and not them. They hold less Greek debt than most nations (432 million) compared to French and German banks who hold 15 and 22 billion respectively. The US holds about 1.5b. I don't know what their exposure is to Italian/Spanish banks...but I just think they are trying to hold on for as long as possible. They sound so desperate.
Quoting: MARTIAL LAW Thanks for spelling all of that out. The calmness in the statement at the link definitely has an aire of desperation. They are at the end of their rope and have tied a frayed knot waiting to someone to lose their grip first it seems. Thanks again for that summary!
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