Japan Wobbles

The Fukushima nuclear disaster revealed more than one Achilles Heel in Japan.  I think the Japanese now realize that there is nowhere to run in their tiny country.  It is also becoming apparent that there is no way to pay for accident remediation either.  The Fukushima problem requires ongoing expensive management and it simply cannot be fixed.  It is a financial bottomless sinkhole.

So Japan’s imminent bankruptcy and slow death have attracted Wall Street parasites, the Hedge Fund billionaires that suck the lifeblood out of entire countries when they are seen to be vulnerable.  This time I think it was Soros who claimed that he convinced the latest Japanese government to crank up the printing presses and flood the world with Yen.  The banksters shorted the Yen, bought Japanese stocks … and waited.

The currency flood was launched and the Yen plunged.  The Japanese stock market soared.  The Robber Barons raped and pillaged and left laughing – but then Japanese bond yields ticked up and the entire world financial market shuddered.  Any hint of rising yields anywhere on Earth threatens a contagion that could quickly bring down the entire investment industry across the planet.  The soaring Japanese stock market went into a tailspin and bounced like a penny stock.

That was after Japan had apparently slammed on the brakes and shut down the currency printing presses, but the fixed income yield disturbance continues to ripple through financial centers.  There is no international appetite for yield recovery because eight hundred trillion dollars in phony paper is earning interest as it floats aimlessly around the planet.

The maggots have raped another ailing country.  This time it is Japan.  Is this the travesty that finally brings down the financial house of cards world-wide, or is it just Greece all over again?

How will we know?  Watch for an uncontrolled sudden upward yield spike in U.S. Treasury paper.  Like a thief in the night …