Today's Economic and Social Titanic?

Nod and warning to stay away from any Facebook IPO!):

See more at: Zerohedge

I agree about the commentary about the financial problems (with symptoms like Facebook IPO and suspect that Facebook hasn't a good future... I mean, Facebook isn't cool at all anymore, especially since advertisements started showing up on their pages).  But, in this artwork, where is Groupon? Oh? That's right; Groupon isn't even important anymore. It's just at $13 right now... Losing over 46% of its value in six months... as I predicted.


Though, with all the recent hoopla about "Fukushima being the end of civilization as we know it," I wonder why it gets a third rate billing under Peak Oil, News Corporation, the Katrina disaster and Lehman...

The Japanese Titanic: Japan's Public Debt Will Surpass ¥1 Quadrillion Yen Any Day Now

How much is a quadrillion? That's a thousand trillion....


Recently, I've been getting my daily money market news fix from the usual suspects: Mish Shedlock, Karl Denninger and Mad Max Keiser but there's another blog that I've found that hits the mark consistently and updates more than several times a day. It's called Zerohedge. I highly recommend it because the guy that runs it seems to get the scoops on what's going on days and even weeks faster than all the rest.

The latest one rings the alarm bells for Japan once again. Japan's Public Debt is about to surpass ¥1 Quadrillion any day now. Jeez! How many zeroes are there in a quadrillion? I didn't even know without having to look it up.


Let's see that's a one with fifteen zeroes after it. Like this: 1,000,000,000,000,000.


Zero hedge reports in Japan Will Raise More Cash From Debt Issuance Than Taxes For Forth Year in a Row


Japan's marketable public debt, already the largest in the world at $11.2 trillion compared to America's $10 trillion (of course this assumes the whole SSN sleight of hand is funded, which it isn't), is due to surpass ¥1 quadrillion any month now (aka the exponential phase). And that's just the beginning. As Bloomberg reports, "Bond sales to the market will climb to a record 149.7 trillion yen ($1.9 trillion), while the national budget’s reliance on debt for funding will rise to an unprecedented 49 percent in the year starting April 1, Japan’s government said Dec. 24.


The article goes on to stomp on these Keynesian "economists" (read: clowns) who claim that the government should increase spending to pick up on falling consumer spending and loosen monetary restraints (read: print like hell) in order to pump up the economy before a recovery starts:


In other news, and to all the neo-Keynesians out there, we post the following thought experiment: according to the head priest economic growth derives from debt issuance. And since apparently every country (yes, yes, that has its own currency) can issue infinite amounts of debt, why doesn't the US and Japan (and the EU post Eurobonds), simply announce it will monetize, aka print, an infinite amount of debt tomorrow? Shouldn't that lead to global GDP promptly rising by infinity %? Or is there an actual problem with this hypothetical scenario which takes current debt trends to their ludicrous extreme.


Want to see what a quadrillion pennies look like? Here ya go!

Here we have buildings (in front) used for scale at a trillion. They're now dwarfed by the large cube of pennies in back (quadrillion). The large cube is a quadrillion, or a thousand times one trillion. This cube is roughly a half-mile wide and would weigh an astonishing three billion tons.

Translation: Japan is doomed. 2012 and beyond are going to be rough ones.


Happy New Year! If you are in Japan, may I suggest drinking as much as you can, while you can. 

Buy Silver at $1 Dollar Over Spot But Do it RIGHT NOW!

UPDATE BELOW


Perth Mint Australia is still selling 1 ounce silver Koalas at $1.13 (USD) over spot! Their web page is f*cked up! 

DOUBLE CLICK ON IMAGE FOR FULL SIZE

PERTH MINT lists the price of one ounce Koalas at $46.82 (AUD). $46.82 (AUD) is about $50 (USD). But the big point here is not the current price, it is the fact that at $46.82 is merely $1.13 over spot. Many reputable places are charging $4.50 ~ $5.65 over spot.

Hollies - King Midas in Reverse

If you are going to buy, then get on it now. They will block this price immediately in the morning: Click here: http://www.perthmint.com.au/catalogue/2011-australian-koala-1oz-silver-coin.aspx and go to: 2011 AUSTRALIAN KOALA 1OZ SILVER COIN 

BUY ME OR DIE!

Most reputable places are selling at $3.50 ~ $4.65 over spot price. Buy it now... Or, hell, I don't care if you buy or not. I've been telling people to buy silver since it was $9.40 and ounce 2.5 years ago. Now it is almost $50.00 an ounce. If you won't buy it now, then NO ONE CAN HELP YOU!!!!

PS: BIDBULLION IS A SCAM! Unfortunately even Max Keiser is f*cked up sometimes (actually almost every night from drinking too much). Think about it... Where can you buy 1 ounce silver rounds for $0.37??? 

UPDATE: As I predicted last night. Perth Mint found this error and cancelled all online sales of this coin early this am. Nevermind.

JPモルガンを潰そうキャンペーン! Max Keiser

JPモルガンを潰そうキャンペーン! Let's Fight Back Against the

 Financial Terrorists!　（ビデオは下）

Max Keiser has a great idea as to how we can fight back against the corrupt banking system:

MK: The question in not whether or not buying Silver crashes JP Morgan. No one is saying – not even JP Morgan – that it’s not possible if enough people mobilize and take physical delivery. The question now is whether or not the people of Ireland, Greece, Iceland, Hungary, France, Argentina, and all the countries being forced to give up their sovereignty to bail out the bankers and the IMF are willing to spend a few bucks to save themselves. The only defense JP Morgan has, the only way their stock can be saved from ZERO is if central banks print more money – - – but that only means that the remaining shorts on JP Morgan’s books are even more damaging to their balance sheet and the Silver in your hand is worth even more!!!! Don’t be a fucking idiot and don’t be swayed by those who think you’re not angry enough to take down the principle architect of your misery. Crash JP Morgan Buy Silver. 

１２月１１日までに、みんなが１オンスの金を購入するとJPモルガンは倒産する。


After a few drinks and after watching Max Keiser, I got enthused and decided to make this (slightly) drunken rant!


See Max Keiser here. Not only is Max great at saying the truth about our financial mess, he is excellent at running a web site. 


My recommended place to buy gold or silver in Tokyo here




(父さん倒産しないで！）