So why don't the US and Japan come to an agreement to wipe out each other's mutual debt? They'd eliminate future interest payments, and surely that would make the economic future a lot brighter for both countries. Who's going to lose?
Originally posted by Teinosuke So why don't the US and Japan come to an agreement to wipe out each other's mutual debt? They'd eliminate future interest payments, and surely that would make the economic future a lot brighter for both countries. Who's going to lose?
You are making perfect sense unless the goal is to put the most of the people in both countries into economic slavery.
Our interests and the interests of the elite are two different things.
Explain why the Japanese government holds US bonds while they are deep in debt themselves.
Perhaps because the yield of US bonds is higher. Perhaps for some other reason. Perhaps because it's a dark sinister conspiracy by the zionist freemasons of the Bilderberg group.
Originally posted by KazetNagorra Perhaps because the yield of US bonds is higher. Perhaps for some other reason. Perhaps because it's a dark sinister conspiracy by the zionist freemasons of the Bilderberg group.
How could the yield of US bonds be higher when they are at AAA credit rating? Japan's debt is too great for the risk of default to be less. If you can prove me wrong please do so.
It looks like it is a conspiracy. Any investment adviser would tell an individual to pay off their own debt first. When the extremely wealthy choose to create perpetual debt by having countries loan to each other instead of spending it to stimulate the economy what other conclusion can you come to?
Originally posted by KazetNagorra I'm not sure if I understand these figures properly but they seem to suggest that the yield on Japanese bonds is lower.
I don't understand them either.
It makes little sense even if it is true. Why would anybody lend to Japan if rates were so low and they can lend to another country?