Bank Of Japan's 2007 Statistics

Today we got the latest Bank of Japan statistical study concerning the Balance of Payments for 2007. It is important to understand Japan's true condition and true problems for it is a mirror for the US. Just as the UK is in the same, wretched condition as the US. Also,the FDIC is now out of money and has to borrow from the brand new open window the Federal Reserve created last Thanksgiving. This window is going to probably fund our entire banking system, our governments and our personal debts? Are they nuts? It is hard to keep up with the whacky economic news lately. The Doha Free Trade rounds have died and I say, good riddance. But we still have not grasped the true nature of the dangerous trap we are in. Despite the Japanese carry trade not running smoothly anymore.

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