Economic collapse coming??? Time will tell.....

John Mauldin and George Friedman was invited by Yahoo's Tech|Ticker to discuss the current state of Japan and its future.

Japan's Future: "It's Going to Be Scary"

After two decades of economic doldrums the Japanese economy is ready to hit the wall. And, the impact will likely be felt around the world. John Maudlin, president of Millennium Wave Investments, and George Friedman, CEO of STRATFOR of global-intelligence firm Stratfor, tell Tech Ticker, "be afraid, be very afraid."

The two, however, disagree on what will spark the crisis. Mauldin believes the economy will collapse under the weight of debt. Friedman says rising unemployment will fan the flames.

Why should we care?

Either scenario has the potential to unleash a crisis we can't imagine.

Friedman asserts: "The Japan we know now and how it behaves in the world is not going to be the Japan we know in 10 years… and it’s going to be scary."
http://finance.yahoo.com/tech-ticker/artic...set=&ccode=

Communists have no sense of reality. That is why they will always FAIL.

Then stop whining about "FAIL" communists. It's just sad.

George Friedman predicted that Japan and United states will go to war in 10 - 15 years.

I wasn't whining about communists. I was commenting on REALITY.

Is that what his book says?

Someone or few ones predicted the world will end in 2012, which is within 3 years. Guess Friedman didn't predict that.

only if you believe in Mayan magic.

If you were commenting on "REALITY" you would stick to the topic. No where is this topic about communists. Your 400 plus posts disagree with you about "NOT" whining about communists.

I hope everything is well for you, AA. Anyhoo...

Parkdoo already mention the Mayan which is what the 2012 is. It isn't really a prediction but more of an interpretation because the Mayan calender stops at 2012. Who knows what will happen...

He wrote a book a while ago about the Japan Threat. His latest book, "The Next 100 Years," puts the US-Japan conflict a bit further in the future, around 2050. Essentially, his argument goes like this: China collapses within the next ten years. Japan re-militarizes and attempts to take advantage of China's fragmentation to expand its influence there. The US goes head-to-head with Japan (and Turkey) in a replay of World War II, but the result is not as brutal - precision weapons, in Friedman's estimation, will make warfare less catastrophic in terms of body count. Eventually, China will reorganize with US help, and then things will be "back to normal" until Mexico challenges the US for dominance of the American continent.

Friedman also believes that the US will remain a superpower for the next 100 years. Looking at his arguments, I'd say that Friedman's arguments are a combination of geography, history, and economics. He thinks that China is inherently unstable because of its geography and the relationship of said geography to economics: the interior provinces are doomed to poverty even as the coastal provinces become wealthy due to their geographical location, and China's history is simply evidence for the instability this creates; meanwhile, Japan has a tendency towards maritime expansion because of its geography: the lack of natural resources on an island nation. The US is, on its part, geographically blessed: with two coasts, it doesn't suffer from China's interior problem, and with a wealth of natural resources, it doesn't suffer from Japan's island problem, either.

Japan, the WHOLE COUNTRY, was dirt poor after the bomb dropped, with University professors eating on turnips to survive. I doubt diarhea level economy is gonna stop them.

Man, he's an idiot.

However US does have its own interior problem


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