1 Trillion Quadrillion Yen Debt…

Posted: January 4, 2014 in Debt, Fractional Reserve Banking, Paper money
Tags: , , , ,

Japan is one of the most indebted countries on earth, when gauging total debt to GDP (although as readers of this blog should now know, it all depends on our basis of measurement and what we count as debt)

This piece gives more perspective to the nature of national debt and the way in which nations have, and will in the future, seek to deal with the unrepayable amount of this burden in order to prop up the existing system

“Money is hugely important, but also ultimately trivial. The productive forces of a society are what matter in the end”

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