Comments on: How are Japan’s tax increases working?

By: californianative

californianative — Thu, 11 Sep 2014 22:23:46 +0000

In reply to LetitCollapse. Just in case you didn't get it my reply was " tongue in cheek".

By: DavidfromLosGatos

DavidfromLosGatos — Wed, 10 Sep 2014 00:41:51 +0000

Good choice to have Wesley Snipes on a post discussing taxes. He knows a thing or two about taxes.

By: LetitCollapse

LetitCollapse — Tue, 09 Sep 2014 17:51:01 +0000

“some little podunk inbred county”?

I got news for ya. That ‘little podunk inbred county’ happens to hold $1.1 TRILLION in US debt. 7% of total US debt. If Japan’s bond markets default do you have any idea of the tsunami effect that would have on the US economy – the price of YOUR goods and services and our employment market? It would be the equivalent of 4 Fukashimas happening simultaneously.

California is a lost cause. The leaders have already sold us out. We already have the highest poverty rate, according to the Feds, of any other state in the union and the state leaders (even many republicans who are complicity silent on the matter) who support importing massive amounts of poverty from 3rd world crapholes that we, the taxpayers, are forced to finance. Jerry Brown told immigrants in the audience when he introduced the Mexican president that it didn’t matter if they had permission to be in the United States – that they were welcomed in California!!! LOL!!! This is a guy who took a sworn oath to uphold the laws of the land!!! LOL!!!

At least the Japanese who inhabit an island with few natural resources are making an honest effort to save their nation. For that they deserve credit.

By: californianative

californianative — Tue, 09 Sep 2014 13:43:51 +0000

This will never happen in California. You all keep forgetting, California is the 8th largest economy in the world not some little podunk inbred country like Japan who is only the …. let me see…. Oh,… never mind.

By: LetitCollapse

LetitCollapse — Tue, 09 Sep 2014 03:41:59 +0000

Japan has been on life-support for 20 years. This is no laughing matter. Japan is not Greece in terms of global financial influence. As the world’s 3rd largest economy when Japan’s bubble bursts it will be the start of a global economic calamity that will make 2008 look like a Sunday walk in the park. Financial Guru Kyle Bass has explained it very clearly. Japan is the godfather of ‘print and spend’. QE has kept Japan afloat. But the debt load has risen to such a level that there is no other choice than to tax the crap out of the people to reduce the fiscal deficit in attempt to control inflation. Once interest rates rise 2% it will require 80% of Japan’s current revenues just to pay the interest on the debt. lol. I personally thought that Fukashima would be the event to cause the 1st domino to fall. I was wrong. But I fully expect to wake up one morning in the next 3 years to the headlines “Japan Suffers Bond Market Dislocation”, which will result in a global financial avalanche. Before we reach that point I think the global PTB will instigate a global war in attempt to avert a full-on financial crisis. If you question that look what’s happening in the ME and Ukraine. It’s very difficult to accurately pinpoint a timeline. But the writing in all over the wall. War is the only way out.

By: Donkey

Donkey — Tue, 09 Sep 2014 01:54:17 +0000

The RAGWUS feeders live in fatasyland!!! 🙂