Tuesday, October 15, 2013

Aso keeps an eye on U.S. debt ceiling from a respectful distance | The Japan Times

Japanese Finance Minister Taro Aso said it was up to the U.S. to resolve its debt impasse, not for Japan to fret over its investment in Treasuries, as a deadlock in Washington threatens to trigger a U.S. default.
“This isn’t a problem that can somehow be resolved by us making a lot of noise,” Aso said in an interview on Friday in Washington with Bloomberg TV. “There’s no other way than for the U.S. government itself and the U.S. Congress to make an effort to sort it out. It’s not a matter of what we should do,” Aso, 73, said when asked if Japan needed to look at its asset allocation in U.S. Treasuries.

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Comment: It's not just that Japan should just watch from afar and hope for the best. That's because for Japan, it's too fricking late to do anything about it! The U.S. owes Japan about a $trillion. They owe the Chinese a little more than that and although Bush the Idiot was bad enough with his annual half trillion dollar deficits, we would be remiss if we didn't note that the Obama-Nation of Desolation as spoken of by the profit Daniel with his annual trillion plus dollar deficits has in a little over six years added more debt to the nation's shoulders than the previous 43 administrations combined. 

But all that is beside the point! Aso is right! That is because if Japan came out and demanded what is rightfully theirs, the U.S. economy would implode and with it, so would the rest of the world's economies including Japan's! Put another way, damned if you do, damned if you don't. The bed has been made, now all that is left to do is lie in it and wait...

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