Here's what Kyle Bass was warning about with respect to Japan:
One aspect of this bubble is the increased service of the national debt, which will result when interest rates return to their historical average of 5.4%. At that point, the payment on the debt will increase from the $360 billion it is today to one trillion dollars. This loss of funds will mean less for redistribution goals.The left's major fallacy is that the economy is a zero-sum game. Thus, my gains come at your expense and vice versa. If you examine closely the ideology of the left, it must mean war. War within a nation and, ultimately war with other nations. If you can only prosper at someone else's expense, you must be prepared for what must ultimately come when others object to being thus enslaved.
The left is a menace, yet they believe that they are saviors. Classic projection.
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