'I don't think we make it to Christmas before it all goes to hell.'
By Hal Turner: SOFTBANK in Japan is the largest Venture Capital Firm in the world, with a market Capitalization of about $182 Billion. When the stock markets opened in Tokyo tonight, SOFTBANK plunged over ten percent!
There is considerable turmoil in Japanese financial markets as a result of inflation in the country, and the government's 263% Debt-to-GDP level.
The government announced a new economic stimulus program yesterday, and they will have to go further into debt to give that Stimulus to their citizens.
The new debt forced 20 year and 40 year government bonds to increase yields to their highest rates ever. All of it new, expensive, debt.


