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REPORT ABUSIVE REPLY
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Message Subject
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>> QUAKE + NUCLEAR cleanup will cost BILLIONS >>> Japan may DUMP US DOLLAR ASSETS, TREASURIES
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Poster Handle
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oldboldpilot |
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Post Content
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Japanese bonds rose, snapping a two-day decline, on speculation the central bank’s injection of a record amount of emergency funds into the financial system will encourage investors to buy government debt.
Quoting: PhalidityJapan's debt to GDP ratio is already 200%...they are one of the most indebted governments in the world. It is only their strong export economy which has kept them afloat However, the headlines are all about companies shuttering plants...and as you know even a few weeks of downtime can cost billions of dollars in revenue and tax income. Japan's automobile companies have been especially hard hit...and that is a major tax income stream for the government Do you see how this could all end very badly within a few months?
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