BREAKING: The World’s Biggest Bank Is Losing Money

BREAKING: The World’s Biggest Bank Is Losing Money

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[ususopen]

If debt is not a problem, why do we have to pay taxes? Why don’t they fund the entire government by 100% debt? After all, debt is just an accounting trick, according to the so called economist

[averagejoe]

Bottom line, government spending has gotten out of control.
Politicians need to remember this is our money not theirs.

[dm_sliderrr]

All debt works the same. It doesn't matter until it does. Once creditors lose faith in your ability to pay you can no longer roll it over and its game over

[chandlerfrog]

There's one thing that everyone forget about Japan, politicians, and it's citizens. They have discipline, honor, and love of their country. Versus our politicians only think about is themselves and discipline in America is gone, let alone honor. Not to mention Japan is smaller and has declining population.

[mrbb.business]

Country level debt can be confusing. To simplify it, when the world borrows from itself it is borrowing from it's future self. If that borrowed money is used to successfully invest in a better future its great, if it squabbles it then that's bad. To cancel world debt you need large scale bankruptcies or asset crashes, this is very risky because large businesses perform valuable services that usually makes our future better. It's not about money, its about growing quality of life.

[surajk]

What is most important is the perception that the US pays back its debt. That is why people continue to buy US bonds. If the debt doesn’t matter meaning it will never be paid back then our bonds will stop being purchased. Example: You wouldn’t lend money to someone who didn’t intend to pay it back.

By saying the debt doesn’t matter is basically saying the US government is running the largest Ponzi scheme in the world.

[jollypolly]

What the "economist" Stephanie Kelton doesn't mention regarding Japan is the inflation not rising is being payed elsewhere : wages have been steadily decreasing since the 1990's and the overall cost of living has still gone up because there are many new types of expenses that didn't exist in the 90's that are now required to work and live in present day Japan. The youth is increasingly struggling and finding it difficult to form families. They're no longer having kids and their population is rapidly aging. Their economic formula is leading them to disaster.

[joecochran]

So you're saying the nearly $1T in interest being paid this year on the debt is just fictitious? That the Government is spending nearly $2T more than it's taking in is just ghost currency? I guess the big question is how do I get some of this imaginary money that the government seems to thrive on????

[desimo]

"The yen has lost roughly 60% of its buying power since the real effective exchange rate peaked in April 1995 -- the biggest decline among major economies -- as Japan struggled to escape from decades of minimal inflation or outright deflation.Aug 30, 2023" They have paid a price for their behavior. Also, remember their economy has basically been stagnant for 30 years now. And, finally, just because they've gotten away with reckless fiscal policy without a big collapse so far, doesn't mean it will stay that way. These things can take decades to manifest themselves.

[alexander]

Even if the debt doesn’t lead to inflation, it does produce a drag on the economy. More of our capital is being allocated towards unproductive treasury bonds and interest rather than towards productive endeavors in the economy

[drober]

Quantitative easing and tightening sounds like what happens when I take a poop

[JordanGonzalezvlogs]

I think the world changed forever with Nixon in the 70’s when we got off the gold standard. Andrei let’s hope the more optimistic view is the case in the future.

[badwolftx]

Two big factors.

-The world isn't using PetroYens.
-Japan also isn't borrowing and then spending TRILLIONS on foreign wars. Japan actually builds things.

[Sharpshooter]

2:31 money is just a number on a computer anyway

[jubelet]

I could be wrong, but the way I see it, the US would have to borrow the money to pay the debt. Our whole economy is debt. To pay it down is deflationary, and no they don't want that!

[michaelswami]

Could it be that Japan’s population’s savings rate is 3X that of the US? I think that matters.

[caseyfaitel]

I don't understand how giving the money to other countries is lowering inflation in this world economy. They buy our stuff here like the real estate. $10 in 1990 is worth 23.39 today. It isn't working. If they really wanted to help, they should burn the money. Are you working for them?

[mindlessfatemusic]

"Did they buy Coinbase IPO" 😂😂

[ekanata]

If there’s no accountability why not just go into more debt and give out more stimulus checks?

[TheBryceWade]

This is a controlled demolition of the economy.. not a 'whoopsie!!'