Japan, Inc. is dying.

If you have enough risk factors sooner or later there will be an explosion.  There are just too many attack vectors right now on the global economic system.  In other words the Global Debt Ponzi is nearing the collapse phase.  

The signs are all around.  We know about Venezuela and Argentina and also about the housing crisis now playing out in Australia.  We know how overvalued the Canadian housing market is: bug in search of windshield.  We know about yellow shirts in France, massive inflation in Iran and let’s not forget the weekly riots in Hong Kong as well as the US-China trade war and diminishing long term relationship.

But now we are hearing that Japan is swirling the bowl as well.  Not that it comes as a surprise, after all, a Global Debt Ponzi is in fact global.  But you don't hear much about Japan.

https://www.youtube.com/watch?v=GaWg-cuEHVs

 Of all the stuff I have heard, this is among the most scary for for two reasons:

1) you never hear about it and its often the "unknown" threat that gets you.

2) Japan banks know their loans are not going to be repaid and have thrown in the towel on them.  There is always one way to know for sure to see if someone wants to save the system or not: check the reserves set aside for the event.

For example, if a city intends to follow through on its pension obligations it will fund the pension program, essentially setting aside reserves for it.  Banks are supposed to keep reserves for under performing loans.  And Japan banks used to as well.  But lately they have stopped and the nonperforming loan reserves have collapsed.  And it is accelerating.

In addition, laws have been changed so that debtors, who guaranteed their loans with personal property like houses, etc. have been legally released from their collateral obligations.  This release people from their bondage, a sort of debt jubilee.  Sound familiar?  Why the fuck would Chase forgive credit card loans and now Japanese regional banks are setting themselves up to forgive HELOC and other similar loans.

It's like the banks know its game over and are looking past the coming collapse.  Those Japanese banks know that if there is penalty of not paying loans then those who can pay will pay.  But when nobody can pay, what the hell good does it do to repossess everyone's house and car?  How can a bank survive if the entire population is homeless.  If the people are docile, they will starve and certainly not be able to work for the con men who have enslaved them with the trick of fake money debt.  Besides, who are you going to sell these used assets to and at what price?  But if they are angry about being displaced en masse then the oligarchs might die in the riots.  So it makes perfect sense to let them off the hook and then see if they can re-start the Ponzi later on down the road.

Watch 2-3 minutes of this video from the time offset given in that link.

Only a fool thinks this can possibly end well.  The exact timing will always be a question but it’s a matter of months and years, not decades.  The oligarchs and their banking scam is now so over the top that there is no turning back.  And once it becomes noticeable to everyone, the collapse will arrive with exponential speed.