Japan - the brink of debt

Anne Seith, from Der Spiegel *, wrote a brilliant and amazing at the same time, titled: "Japan, Greece of Asia".

According Seith, "for years, the Japanese government kept borrowing money more than any other country." Further, "In recent decades, the Japanese government has accumulated debts of about $ $ 14.6 trillion. This corresponds to 230% of GDP, debt levels much higher than Greece's 165%. "

So ask. What is the magic that these "governments" Japanese did to entice buyers of its bonds. Since they receive low interest rates for such high risks.

According Seith, the answer is as follows. "That this tragedy unfold in relative secrecy can be attributed to a bizarre phenomenon: unlike the debt-laden economies of the euro area, Japan continues not paying interest on the borrower. For example, while Greece had to face double-digit interest. Already the interest of Japan reached only 0.75%. Germany itself, a healthier economy in the euro zone, pay more. "

About this endless money that gushes into the bottomless pit of the Japanese government, Seith says the reason is simple: "unlike the countries of the euro zone in general Japan borrows from the people themselves. National banks and insurance companies acquired 95% of the country's sovereign debt using deposits from the general population. Moreover, the Japanese are apparently convinced that one day be able to pay your debt ... ".

As can be seen, Japan's dangerously approached abyss of debt. Complicating Seith mentions that "experts warn that this system can not continue for long."

Japan is in a worse situation than the U.S.. Country that also has a colossal debt, forcing President Obama to cut government spending and raise taxes on American richest people in the country. The situation in Japan is worse than the U.S. consider the Debt / GDP ratio, as shown below, with data I researched on the internet via Google:

 USA                                        JAPAN

GDP $ 15.5 (2011)                  U.S. $ 6.12 (2011)

Debt $ 14.3 (2012)                  $ 14.6 (estimate of Der Spiegel *)

Debt / GDP ratio 0.92              2.39

The article quoted above Der Spigel is brilliant to expose the risk to which it is exposed and even Japan's own recovery from the crisis predicted global.Que last many years yet. A stumbling Japan will play more like "gasoline on the fire of the global crisis." And it is certain that other countries will still headache for the IMF.

When I wrote the book The Sociocapitalism - for a Better World, knew this global crisis would last several years. Contrary to hasty estimates those economists who work for the media or the corrupt corporations that harmed its investors. After all corruption is a global evil that must be fought relentlessly. And it certainly will be.

After all, who would imagine that a country worship, hardworking and orderly as Japan would reach the edge of the abyss? Who knew that there also exists a lot of political corruption and it is she who pushes Japan into the cliff?

The current global crisis is a crisis different from others. It is not just a financial crisis, as we try to sell in the media. The crisis is deeper and more complex. Including crisis of values and concepts, which is putting in check the political, economic and social on a global scale. She is a "crisis of rupture" that ultimately affect both capitalism and socialism market. In any case, there will still be plenty of surprises along the way before the global recovery indeed. Too much water will pass under the bridge yet before the "cure" the disease that global economic affects us.

In this context, the possible and imminent crisis in Japan does not surprise me at all. Maybe a stone to fall more in the future "in global domino effect" that ultimately will lead the world economic system to another - The Sociocapitalism. What undoubtedly is increasingly clear over time, even in Japan and highly industrialized country that has the largest number of robots on the production line business.

So if you want to know more about the time we live in, go to my free e-book: www.slideshare.net/pjvalente/The-Sociocapitalism.