The NEXT one

2020/11/8.  The NEXT one

USA president election has finished.

Mr.Trump has done great works.

He has showed us bad sides of current systems, Capitalism & Globalism.

USA and other developed countries are aging, and this means that they are losing their power.

This is clear from that they become to depend on MMT theory.

Turning point is the time one developed country bankrupts.

When turning point comes, aging developed countries will realize that they have to pay past generation’s debt.

When and where the turning point will happen at, this is problem.

Japan? USA? Italy? Or other country?

I thought some situations,

1)Japan

Japan is aging, and someday Japanese average workers will realize that they are paying past generation’s debt, not for their assets.

At that time, they will do something bad thing to Japan government.

Now, Japan gov is doing well, in other words, it is tricking average workers.

Japan government’s bankruptcy will be after 2025.(This is roughly estimation.)

2)USA

USA is aging and there are some methods to avoid their bankruptcy.

New USA President seems to do well about avoiding it.

So it will be after 2024.

3)Italy

I don’t know about Italy’s finance status, but China government will help if it happens. 

If it happens, there is not so big impact.

4)Other country

There may be other country which will bankrupt in soon, but I don’t know.

There may be some impact to the world, but not so big.

I noticed that I wrote so far, this seems that USA and Japan is doing chicken races, which one will bankrupt faster.

Which is the next one?