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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Japanese Debt Downgraded by S&P

    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

    Japanese Debt Downgraded by S&P Empty Japanese Debt Downgraded by S&P

    Post by Lobo Thu 17 Sep 2015, 5:01 pm

    Japanese Debt Downgraded by S&P
    Posted on September 17, 2015 by Martin Armstrong

    Japanese Debt Downgraded by S&P 592x402xAbe-Prime-Minister-Shinzo.jpg.pagespeed.ic.2F59QH4LAm
    The Japanese government’s economic revival strategy, which has been dubbed “Abenomics”, has proven to be a failure. We warned that the Sovereign Debt Crisis will begin in Europe, then hit Japan, and in the process will push the dollar to record highs which will inject deflation into the U.S. economy. Moreover, only a rising dollar will send the U.S. economy down, but it will also create massive currency losses for the some $9 trillion in emerging market debt denominated in dollars issued since 2007. This is an amount equal to about 50% of the total U.S. national debt.
    S&P has now downgraded Japan to A+ stating that Abenomics “will not be able to reverse this deterioration in the next two to three years.” As the world turns down from this debt crisis, capital will concentrate in the USA, pushing the dollar higher. This will hurt more debtors than ever, but this is what will be necessary to dethrone the dollar from the status of being the reserve currency.
     

    This entry was posted in Japan and tagged Abenomics, Japan, Sovereign Debt Crisis by Martin Armstrong. Bookmark the permalink.

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