– China’s Creeping Toxic Smog Cloud Blankets Japan (ZeroHedge, Feb 4, 2013):
These days one has to laugh with the Japanese, as the temptation to laugh at them is just so high.
Because, sadly, the endless barrage of negative developments surrounding the “Land of the Rising Sun” may soon require a constitutional amendment replacing that key adjective to “Setting.” And while everyone knows that Japan’s economy is the Keynesian voodoo religion’s event horizon laughing stock, caught between a 30 year deflationary implosion which is the only permissive factor allowing it to sustain interest payments on a 235% debt/GDP mountain, and a banking, debt and funding crisis should the government “succeed” in generating inflation, it is the intangibles that will be the proverbial straw that breaks this particular camel’s back. Intangibles, such as 2011’s tsunami and Fukushima explosion, which have made sure that every piece of domestic sushi will be pre self-cooked for generations.
Yet glowing in the dark may have just been the beginning: now Japan also has a toxic, photochemical smog problem to boot.
It is true that we were confused why China had not retaliated too aggressively in the ongoing spat over some meaningless islands in the China Sea. At least not yet. It turns out that China was merely biding its time in deciding on how to most Geneva Unconventionally punish its militant island neighbor to the east. Turns out that the punishment will come in the form of an export that Japan will hardly be happy with: the unprecedented smog that until recently was blanketing China. The same toxic smog is now over Japan.
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