RichGB – Ha ha Max Keiser – I love him when he goes off on one.

DopeAddict – I do think they are robbing us all blind to prop up their own wealth. I am just not sure they are plotting it – rather than reacting in panic and blind greed to circumstances.

But that could just be because the idea of them purposefully impoverishing millions is just too frightening.

Perhpas you are refering to figures compiled by Soc Gen. They indicate that servicing its debt will cost Japan 60% of its TAX REVENUE . See here

I have no rejoinder supported by hard evidence. All I can say is that, from their point of view, you can never have enough power.

Plus the professor teaching the class "Marxist Economics" when I was in grad school was always banging on about the issue being about power, not money/accumulation, and I became convinced. It's just not really something that can be proved.

The top percentile already have the power and some have already been elected in to the government. Over 250 members of congress are millionaires – see HERE.

The people who run the country are largely from the same clique that runs Wall Street: see HERE and HERE.

They already have the power, so I don't see how crashing the economy gives them any advantage, unless there is a very long-term objective to make US workers more competitive. Nah! That's pure conjecture, and they would need to confiscate civilian-owned guns.

… and finally: feast your eyes on Max Keiser going totally apeshit – HERE.

Looking forward to reading more posts here.

My belief, so far as why they want to crash everything (depress demand, deficit increases, use that as excuse for further cuts,) is that the ultimate objective here is accumulation of power, not wealth. You can take all the wealth you want if you have all the power.

So the point to crashing the economy, an event they feel has been forced upon them by the falling rate of profit, is to force municipalities the world over to sell their assets (privatize) so they can be rented back to us at usurious rates, depress the housing market so they can buy up properties at knockdown prices & rent them back to us at usurious rates, etc.

The end result being that everything we earn is paid back to them in rent. Thus we're rendered powerless & the various nation-states are free to pursue their greedy lust for war & further accumulation, wherever in the world they can find something that hasn't been privatized & rented back to the locals.

For me it's about power, not wealth. Accumulation of wealth is an avenue to power, not the ultimate goal in itself.

Thanks David for your patient repeating of the basic facts over and over again all year, until it sinks in that actually the emperor really has no new clothes.

It must be frustrating for you after all this time! But keep at it. You do get through to people in the end.

There are useful predictions for Japan in THIS report. In particular, see Chart 3.1 and 8.

HERE is a report on the bonds held as of September 2010.

The balance of payments can be seen HERE on Page-75, where the deficit is currently running at 54.9 trillion yens. According to the chart on Page-90 a total of 105.7 trillion yen falls due in 2011, which is 22% of GDP. Adding next year's deficit takes the total to 33% of GDP. This is bad, but not as bad as 60%.

What are you referring to? Which piece?