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Japan's government could run out of cash by October

by Joe Mobley
8 replies
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Japan's government could run out of money by the end of October, halting all state spending including salaries, pensions and unemployment benefits, because of a standoff in parliament that has blocked a bill to finance the deficit.
Japan's government could run out of cash by October

Joe Mobley
  • Profile picture of the author HeySal
    I'm so sorry. I haven't a cent to lend them.
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    Sal
    When the Roads and Paths end, learn to guide yourself through the wilderness
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  • Profile picture of the author rjay
    My wife is Japanese, so know a little bit about this. The government is a total mess, as have been the previous few. I don't know how they're going to get themselves out of this.
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  • Profile picture of the author TLTheLiberator
    Originally Posted by Joe Mobley View Post


    Sounds familiar.
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    "It's easier to fool people than to convince them that they have been fooled. -- Mark Twain

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    • Profile picture of the author jimbo13
      Wouldn't happen in the UK.

      The Bank of England today announced that it is going to simply print another £50bn bringing the total to an eye popping £375 bn in the last 18 months. It's called Quantitative Easing.

      Funny how it never works out like this though. :rolleyes:

      Total printed from QE: £375,000,000,000
      Households in the UK: 30,000,000
      Cash printed per household £12,500

      So where is it?

      I guess my cheque must be lost in the post.

      Dan
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      • Profile picture of the author Kay King
        xIn 2006-7 - people here (real people) were talking as if they were in a recession. The experts said "no recession - just a slight downturn".

        Govt said "don't worry - we can fix this" - then the next govt said the same. Greenspan said in a speech to Congress "the housing market will never go down". oops

        I'm seeing the same signals globally and I can't believe the experts aren't even more concerned than I am. You can print more money -but the more currency you float, the less value it has. You can sell bonds to fun a govt - only as long as there is someone willing to buy those bonds.

        The current global-think is there will always be the capacity to float bonds and bailouts - but this could cascade just as the housing market did if there is no one left to buy the bonds. On a global scale there could some real hardship on the horizon if govts everywhere don't wake up and smell the "stop spending" coffee.

        I think the crisis is manageable at this point - but it won't stay that way if leaders don't step up and do what has to be done.

        The recent form of "government" in several countries (including this one at times) is to get to the brink of the cliff and then find emergency measures or pass measures that extend the time frame to avoid disaster. It's become "the way to govern" and it's dangerous.
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    • Profile picture of the author Fernando Veloso
      Originally Posted by TLTheLiberator View Post

      Sounds familiar.
      Ditto.

      Guess we're not alone huh?
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      People make good money selling to the rich. But the rich got rich selling to the masses.
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  • Profile picture of the author MoneyMagnetMagnate
    Yen is not Zen :confused:

    If Yen is not Zen, it is a yearn one must learn...one must not yen for Yen, for it is not Zen?
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  • Profile picture of the author David Maschke
    All they have to do is go down to their local IMF bank and borrow their way out of debt like every other western nation. So where's the problem?
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