About Japan, but read my pull out quote…

Denninger strikes again. Karl, buddy, I’m glad you’re out there.

What this means is that when, not if, things go sideways you have had a demonstration in bright lights and bold neon paint that governments will at best do nothing useful and at worst will expend resources in the wrong places compared to the most-important agenda items toward stabilization of the situation at hand.

In short when things go pear-shaped you will either help yourself or you will suffer from whatever circumstance arises.

If that is not a compelling reason to get your house in order in the shortest possible term, please, continue charging against your Visa/Amex/MC/Discover – everything will be just peachy…

 

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