A very well done video on the Japanese debt crisis. Anyone who cares about the world economy should have some understanding of what is going on currently in the world’s 3rd largest economy.
Kyle Bass is a smart guy and he’s been watching Japan closely and for a long time. The Hail Mary pass the Bank of Japan just tossed up has bounced in the end zone. Bass says it’s close to game over.
Well folks, Kyle Bass is a pretty smart guy and widely regarded as credible too. If he says that an Obama Administration official said that the government intended to kill the dollar, I believe him.
Bass makes a whole series of insightful observations regarding the global economy in the attached video, observations of the type one is unlikely to hear expressed on CNBC . But he makes one particularly chilling point. We have never seen peace time debt levels like this. In the past when debt levels spiked, during and just before war, the losers of the war got saddled with the debt. What happens now with much higher levels of debt to GDP ratios than we’ve ever seen,