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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (609678)

9/30/2016 8:15:25 PM

From: SirWalterRalegh

2 Recommendations

Recommended By
AJ Muckenfus
FJB

Read Replies (1) | Respond to of 793958

Lindy, With current interest rates near zero the country can afford a lot of debt. Just look at Japan - they are beyond bankrupt and yet keep ticking along.

Bearcat-

The only way a country can exist with 20+ Trillion of debt is with interest rates at near zero.

If interest go to 3-4% watch out the end is near.

To: Bearcatbob who wrote (609678)	9/30/2016 9:34:12 PM
From: Stevefoder	2 Recommendations Recommended By Bearcatbob skinowski Respond to of 793958

Japan.....they are beyond bankrupt and yet keep ticking along. True. However, the lesson of the financial crisis of 2008 is that you can keep going along and then all of a sudden it falls apart and you cannot do anything to stop the crash. All Ponzi schemes eventually fall apart, even though they look like they can keep going along forever until...BANG... it falls apart. John Mauldin, the economist, refers to Japan as a bug in search of a windshield.