Chapter 119 Who is the biggest beneficiary in a low IQ society? - Japanese government (bureaucracy)

It's a bit of an exaggeration, but it's the truth. The Japanese government is heavily indebted. Knowing that it owes a lot of debt, it is still continuing to issue deficit government bonds, and the number of borrowings is increasing.What does this mean? Let's think about the following questions: I'm not surprised that the Japanese government is still borrowing money, because the Japanese government doesn't care if the loan is not repaid. So... what is the only asset that can be used as collateral for a loan?It is the personal financial assets of 1,500 trillion yen that the Japanese are proud of.

Japanese nationals can accept "zero interest rate", in the eyes of the bureaucrats, the nationals are fools; to take a step back, if the bureaucrats do not think they are fools, then the "zero interest rate" policy will not be introduced.Let's talk about pensions again. Why did the government ignore it after conducting rough data management?It's very simple, because they don't think about paying at all, they just do superficial things to make the people happy. The Japanese government has the obligation to pay the national pension, which is 800 trillion yen per year, which means that the Japanese government's annual pension debt is 800 trillion yen.In addition, the public debt (the sum of national debt, local debt, etc.) is 800 trillion yen, and the total of the two kinds of debt is 1600 trillion yen.This has already exceeded the 1500 trillion yen of national financial assets, so these debts are impossible to repay.These numbers can be calculated with a little calculation.

According to the financial situation forecast after 2007 summarized by the Ministry of Finance, we can see that the national basic fiscal balance, which should have been improved by tax increases, has deteriorated again.Assuming a growth rate of 3%, the deficit in 2009 will reach 6.9 trillion to 7.8 trillion yen.It is true that developed countries have experienced negative growth due to the impact of the financial crisis, but the deficit has also become larger as a result.In other words, what was said yesterday that "the economy has signs of recovery, and the country's basic fiscal revenue and expenditure will be blacked out by 2011" is also a lie.

In the past few years, financial bureaucrats have advocated the blackening of the country's basic fiscal revenue and expenditure as a supreme proposition.However, what exactly are the national basic fiscal revenues and expenditures they refer to?It is no longer increasing borrowing, rather than returning the principal.There is no plan to return the principal, which means that if something unfavorable happens, they plan to use personal assets to fill the current debt. Going back to the topic of pensions, the reason why this issue is ignored is because even if they wanted to return the 800 trillion yen in pension debts, they couldn't afford it.Fortunately, there is no specific data to prove it, and the citizens did not ask for it.If this is the case, a do-nothing approach would pay off.

In this way, Japan's current system structure is such that only the government bureaucracy benefits, while the people blindly lose money.