Tuesday, September 11, 2012

Marking the Mountain

Mount Fuji is more than a peak but a symbol emblematic of the nation of Japan. Japan has enjoyed relative prosperity for the last couple of generations but now may find herself on the cusp of economic cataclysm as she faces a mountain of debt. According to Pat Robertson on CBN News, Japan now faces a national debt more than four times larger than her gross domestic product per annum. This level of debt is comparable to the worst basket case countries of Europe whose economies are past the point of no return without massive external help. Unfortunately for Japan, her economy is literally too large for the rest of the world to bail out. There can be no rescue package from outside for the Japanese who will be left to have to sort out the mess of their own creation (or rather that of successive governments that the people there elected) for themselves.

No comments: