[link to www.thecomingdepression.net]

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Japan holds enormous American government debt (US$882.3 billion of Treasuries at the year-end) and will want those hundreds of billions of dollars back, right now, to begin rebuilding its infrastruc­ture and industry; that means America will have to substantia­lly increase interest rates to get foreigners to buy enough treasuries to pay out the Japanese, or face the equivalent of foreclosur­e. When those interest rates jump, so will U.S. loan and mortgage rates — something tens of millions of Americans with mortgages, credit card debt and other bills cannot afford to pay.