Saturday, May 17, 2014

Japan's national debt totaled a record-high ¥1.02 quadrillion

Japan's national debt totaled a record-high quadrillion yen. A quadrillion is 1,000 trillion, or 10 15 or a one followed by 15 zeros
What does the United States have in common with Japan’s economy? Demographics of an aging population have consequences for both countries. As Japan News reports, National debt hits record high.
“Japan’s national debt totaled a record-high ¥1.02 quadrillion as of the end of March, up ¥33.36 trillion from a year earlier, the Finance Ministry said.
The central government debt, which increased ¥7.01 trillion from the end of December last year, kept rising mainly due to ballooning social security costs in line with the aging of the population.”
Last year Forbes viewed their debt crisis as staggering

JIM WILLIE: Germany Preparing Gold-Backed Nordic Euro — Europe is the ‘Grand Prize’


Europe is the grand prize. And it’s always been the grand prize. Well, due to NATO and World War II considerations, the United States is pretty much captured, colonized, integrated Europe. That’s about to change … It’s not just going to be the Russian Ruble or the Chinese Yuan. It will involve the Gulf Dinar, with the Saudis. I think it will involve the Nordic Euro. The Germans, with their friends the Dutch, the Austrians and the Finns, Finland… They’re all ready. They’re just waiting for the moment. They’ve got a Nordic Euro, and they’ve got plans for gold backing[transcription: Silver Doc]

India Economy Fails


DAP may cause another May 13, warns Isma

In its latest salvo, Ikatan Muslim Malaysia (Isma) has warned that DAP may edge Malaysia towards another racial bloodletting similar to that in May 13, 1969.
Among others, Isma vice-president Abdul Rahman Mat Dali (right) accused DAP of putting into motion steps to "dilute" and "alter" Malaysia's identity from an Islamic to a non-Islamic nation.
He said the issues championed by DAP and the Chinese have the potential to destroy unity and harmony in Malaysia.
Under its 'Malaysian Malaysia' concept, he noted that DAP promoted socialist and secular ideologies as well as equality among the races, which go against Islam and the federal constitution.
"If this is allowed to continue, it has the potential to divide and spark off chaos like what happened on May 13, 1969," he added.
After receiving the support of almost 90 percent of the Chinese community, Abdul Rahman said DAP has become arrogant and bold, constantly pushing the government for Chinese interests.
He added that they do not acknowledge or pretend to have forgotten the social contract during Independence where the Malays "sacrificed to accept these immigrants as citizens".
The Isma leader said the DAP leadership is challenging the status of the Malays, claiming that they are not indigenous people of this land and do not need to be accorded special rights.
"For example, their harsh criticism on the aid given to Malays, the existence of Mara, UiTM, MRSM, scholarships and Malay quota.
"All these hurts the Malays and what they (DAP) leaders are doing goes against the meaning and spirit of the federal constitution," he added  in an article titled 'Between Isma and DAP, who threatens unity and harmony?' published on Ismaweb.
Previously, Isma president Abdullah Zaik Abdul Rahman courted flak when he described the Chinese Malaysians as intruders.

These Fragile Markets Are At A Tipping Point


Jason Burack and Mo Dawoud from Wall St for Main St did a general market update. We discussed the stock market and why we think the market is at a tipping point due to QE taper and bad economic data. Also, we talked about John Maynard Keynes and his impact to the economy, China economy and much more.

Iowa Hospital Announces Layoffs Due To ObamaCare



No Raises For Anyone: Real Hourly Wages Decline For The First Time Since 2012

In order to justify the US "recovery", one of the recurring themes has been that wages of US workers are going up.... any minute now.
And since any minute now has been the common refrain for about five years now, some are getting skeptical. Not us: we have known since 2009 that the Fed's "plan" of making billionaires trilionaires fixing the economy won't work from the start, but we are always willing to be convinced otherwise.
So for all those who keep warning that wage inflation is just around the corner (you know who you are), please point out on the chart below - which shows that real hourly wages just had their first annual decline since October 2012 - where this wage inflation is so stubbornly hiding?
http://www.zerohedge.com/news/2014-05-16/real-hourly-wages-decline-...