I’ve written quite a bit about Japan’s economic condition, which is in the tank. Their debt is unmanageable. They were one of the first nations to have flat or negative population growth. During the 60s, 70s, and 80s, Japan had great economic growth and vast wealth was accumulated. But, they didn’t properly prepare for the future. Any and all could see they were headed for a catastrophe. And, now it is upon them.
In a similar vein, the US is following. That’s why there is much concern by many about Obamacare and the possibility of death panels. People responded to these concerns by trying to paint them as kooks and nutters. But, they’re not kooks and nutters. They simply see this as the natural consequence of having no money. Who gets attacked first in times of desperation? The weak.
Taro Aso, the finance minister, said on Monday that…
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