the structure is.
2010 they are unlikely to get more money from the domestic loaners vis a vis the postal savings system.. hence, they will float bonds outside the country, ho ho ho. price on auction could kill their outstandings. same way such an event, will kill anyone in that position, including USA.
population is pulling in the reins.. old people dominate.. and now will spend their savings vs. loan it out willy nilly, japan style, to same shit crap governing body, like we have.
second.. they are fast approaching 200% debt to gdp.
in comparison, usa.. depending on who your accountant is, is not yet at, 100% of GDP.. compare ireland, swiss, italy, belgium, x-eastern europes, UK, and so on, some already at 300-400% of GDP.
but when the "2nd largest" is at stake, what happens? aside from all the off balance sheet shit going back 20 years ad infinitum? does china just fucking buy them, and bail them out... which would be one hell of a way of getting rid of dollar reserves, and getting something for your money, as they will do when taiwan, is no longer anything but a hong kong.
but too much rape of nanjing in that equation, so i think not. LOL. though beggers, the japanese will be when it comes to china, in the end.
does that make more clear the question? <g> |
