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Guest Post: The Future of America Is Japan: Runaway Deficits, Runaway Debts
If
you want to know how the Keynesian Cargo Cult's grand experiment in
borrowing money to fund bloated fiefdoms, rapacious cartels and bridges
to nowhere ends, just look west (from California) to Japan. The
Japanese State, partly because they seem to believe in the Cargo Cult,
and partly to avoid exposing the insolvency of their crony-capitalist
financial sector, has been borrowing and spending money on a vast scale
for two decades. Rather than face the fraud and corruption at the heart
of American (and Japanese) finance and governance, the Keynesians just
want to leave the predatory, parasitic crony-capitalist Status Quo
intact and create an illusory world of bogus "demand" and grotesque
malinvestment funded by ever-increasing debt. Does anyone seriously think this is the "road to recovery"?
If you want a look at the fiscal future of the U.S., look west to
Japan, a nation that sits precariously on a fiscal cliff a thousand feet
high.read morehttp://www.zerohedge.com/news/2012-10-15/guest-post-future-america-japan-runaway-deficits-runaway-debts
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