Japan’s mountainous debt

Posted | 13/08/2013 / Views | 1736
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Not long ago (1st Aug) we tried to quantify what 1 trillion ‘looks’ like.  Well Japan, the 3rd biggest economy in the world, just hit 1 quadrillion Yen in debt.  That looks like this: ¥1,000,000,000,000,000 or to use our seconds analogy of 1st August is equal to 32.8million years in seconds, or $10 trillion, or more than the total economies of Germany, France and the UK combined!  More concerning though is that it is around 230% of Japan’s GDP.  One seriously wonders how you could ever pay that off without inflating your way out of it.  And this is the country that is printing money at $75 billion per month (only just behind US’s similar QE of $85b).  Gold and silver bullion that you hold is REAL money.  You can’t print or IOU it like this…  PS Tomorrow’s a public holiday in Brisbane and our office is closed but our webshop will be open.