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Originally posted by projectvxn
Some things are just painfully predictable consequences of repeated idiotic mistakes. Like if a nation racks up it's credit card with no means to pay, the bank cuts it off to minimize losses, in this case the Bank is Japan, and it will only be a matter of time before the Bank of China, and the rest of the world start doing the same.
It may just be speculation today, but tomorrow is another day. We are in uncharted waters and. To those who thought the financial crisis was over, I'm afraid it has only just begun.
[edit on 4-12-2009 by projectvxn]
US-Japan Rift Grows As Obama Snubs Prime Minister Hatoyama In Copenhagen
This rift (and apparent snub) comes amid rumors of Japan intending to dump $100 billion of its Treasury holdings. We've been skeptical of that -- and still are; after all, Japan wants to weaken its yen -- but the drift apart seems quite clear.