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Debt Makes You Dumb, Japanese Edition

- John Rubino - Dollar Collapse

I live in Australia, it is also on the decline, and we see no way up.

Commented 3700 days ago

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Beginning of the headline :Debt works the same way for countries as for families and individuals. That is, if you borrow too much, your life begins to suck. And actions that in normal times might have seemed unwise, contradictory or downright stupid begin to look better than the (even more disturbing) alternatives. Pretend, for example, that you are Japan. You borrow huge amounts of money year after year to keep the zombie banks and builders created by an early-1990s asset bubble from imploding and decimating th... Read More

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