Forum Post: The Japan Ponzi has reached it's Tipping Point.
Posted 12 years ago on July 26, 2012, 4:43 a.m. EST by Umong
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Sayonara internal funding. In what we suspect will become a major issue (and warned in April of last year), Bloomberg reports that Japan’s public pension fund, the world’s largest, said it has been selling domestic government bonds as the number of people eligible for retirement payments increases. "Payouts are getting bigger than insurance revenue, so we need to sell Japanese government bonds to raise cash." It would appear the Ponzi has reached it's Tipping Point. Japan’s population is aging, and baby boomers born in the wake of World War II are beginning to reach 65 and eligible for pensions. That’s putting GPIF under pressure to sell JGBs so it can cover the increase in payouts.
http://in.reuters.com/article/2011/04/24/japan-gpif-idINL3E7FO00K20110424
They trading with china without using the dollars
Seems unusual that there's no algorithym to let the pundits know this kind of thing is coming.
I'm still thinking that the austerity measures being imposed repeatedly around the globe are a precurser to something bigger.
In a fiat economy, debt is only as extensive as the next printing run.