Glenn Beck
👤 SpeakerAppearances Over Time
Podcast Appearances
For 40 years, Japan has been like that little guy on the treadmill told you got to keep moving.
You can't stop.
Just stay, stay.
Because if you stop, it means recession, right?
So what's wrong with the recession?
Here's the part that nobody's ever really told you, Americans don't realize.
If he stops, it's bad.
If he speeds up, it's bad.
And not bad for Japan, but us.
Here's why.
Japan's government has piled up so much debt that even normal interest costs become dangerous.
That's why Japan has spent decades now making money too easy at home.
0%.
At some point, they were in negative interest rates.
Please take the money.
We'll pay you to take the money.
Interest rates, if borrowing ever gets expensive, the bill will swallow the budget in Japan and here.
And the world has gotten used to a place where Japan was the place to go borrow cheap money.
Now, here's where the story becomes our problem.
Japan is not just a country.