At the beginning of the 21st century, there was a small country with a population of only 300,000 with fishing as its main business, driven by the temptation of financial benefits and the herd effect, organized and practiced the most crazy disaster in the history of finance, and directed and staged a stupid national madness - in just four years, 300,000 Icelanders gambled the entire country and brazenly invested in the international financial futures market, staged the most rapid financial expansion in human history, and through crazy venture capital, The assets of Iceland's three major banks have skyrocketed from billions of dollars to 140 billion, and this cold country in the Arctic Circle has become "Wall Street on the tundra".

In short, during those crazy years, Iceland was no longer a country, it became a hedge fund!

Then, due to the lack of a sensible and astute trader like Soros, this "Icelandic fund" that expanded too quickly unfortunately went bankrupt - the entire debt exceeded eight and a half times the national GDP, and the interest alone made the whole country unable to pay off their pants...... If it were on Wall Street, such a failed hedge fund would have gone bankrupt and liquidated: the entire Icelandic government would be put in jail, the entire Iceland territory would be divided and sold, and Icelandic nationals would have been thrown out of Iceland to fend for themselves as refugees – just as Enron and Lehman Brothers had failed.

The problem is that even though it has essentially become a hedge fund, Iceland is still a country, not a company.

Unless a multinational coalition is organized to occupy Iceland, there is no way to put the country up for auction.

Thereupon. In the case of the referendum in Iceland, foreign consortia and investors, who have suffered heavy losses, can only grit their teeth and stare dryly.

-- In modern Shijie, where the law of the jungle eats the jungle and everything speaks with guns, the bankruptcy of the state often means the collapse of the regime; And in a relatively civilized modern society, just because of the debt, a country will be destroyed...... It's a little unreasonable. Not to mention that Iceland is a barren and cold place, poor and broken, if you rush to send troops to fight. I'm afraid that the oil and water that can be scavenged are not worth the occupation fee!

So, after the bankruptcy of Iceland, although due to the collapse of the entire banking system. As a result, the foreign exchange market was closed, the depreciation of the national currency was almost a waste of paper, and imported goods could not arrive in time. A large number of daily necessities are in danger of being cut off – even if there is no "multinational debt collection force" to land and invade, the government's credit will go to zero after bankruptcy, which means that the state can no longer borrow and finance from abroad, in other words, it can only barter...... What's worse is that it doesn't have much industry – the entire commercial system has fallen back to the Middle Ages overnight......

As a result, Icelanders had to take off their suits and go fishing, and their living standards naturally dropped significantly. But over the years, they have survived – although they are extremely indignant at Iceland's rogue behavior, as time goes on, the EU countries are slowly knocking out their teeth and swallowing them in their stomachs. Basically acquiescing to the facts, once again began to issue loans to Iceland when there was no domestic investment channel. Coupled with a series of economic stimulus combinations such as the Icelanders brazenly tearing up the EU treaties and selling land to the Chinese rich without authorization, the country went bankrupt for a few years. There are signs of recovery again.

Obviously, a typical "successful experience of defaulting" like Iceland soon made those countries that were also mired in debt crises feel extremely excited and envious, and tried to use it as a reference......

————————————————————————————————

“…… Realistically, for a country like ours that has already set one foot in hell. Only debt is the last word! ”…,

In the Prime Minister's Mansion in Nagatacho, Tokyo, Prime Minister Mahahiro Totori waved her small fist vigorously and spoke of her "whimsy" with great interest...... I've consulted with a professor at the University of Tokyo, and although bankruptcy seems humiliating, it's not too dangerous, that is, ignoring the debts and starting from scratch, similar to the bankruptcy of those big companies, the difference is that no one can let Japan go to jail and sell out its assets!

Then, we can slowly accumulate a little financial capital through production and trade and the sale of some assets, and then find a way to borrow a sum of money from the outside world in the form of physical mortgages and political transactions, so that Japan can obtain the start-up capital for economic reconstruction......

Speaking of which, she couldn't even help but clasp her hands to her chest, quite proud of her genius idea, "...... As long as we can pay off all the debts, it will not be a problem to even find other investors to borrow! On this cold shijie, capital is very realistic, and whether investors are willing to lend to you or not depends on whether you have the ability to repay, not the so-called 'credit'. The honest people with loan sharks on their backs were obviously not as good as the bastards who had gone into debt, and this was why American bankers were willing to lend huge sums of money to the Soviet Union during the Great Depression after the Soviet government in the early days of the Soviet Union had exhausted the French loan sharks and confiscated the oil fields and factories invested by various countries......

So, let's quickly declare the government bankrupt and get the Japanese economy back in action. Prime Minister Zuihou summed it up like this

“…… This one...... I said Toriyu-chan, my good niece! Do you think that the bankruptcy and relaunch of a country or a government is like letting a country crash?

Is it as easy as turning off the power and restarting the computer? At most, all you need to do is corrupt some programs and lose some files? ”

Regarding the delusion of the prime minister of the second sick girl, Chief Cabinet Secretary Junzaburo Izumita, who was full of black lines, sighed in addition to rolling his eyes, "...... If you want to restart the country, it will not only be a matter of losing files and corrupted programs, but also a disaster of losing territory and rivers of blood!

You know, we are not a cold and poor Iceland, with no interests other than ice and snow and volcanoes, which makes the Shijie powers feel that there is a lack of interest; We are also not Russia, there are so many nuclear warheads that guarantee their territorial and sovereign integrity. As long as the dead pig is not afraid of boiling water, no matter how powerful the financier is, he will not be able to recover the investment. And convince the Pentagon to unleash a nuclear war against Russia that will destroy humanity!

On the contrary, Japan has neither a military liliang to maintain its independence, especially a nuclear liliang, nor is it so poor that people can disdain it, on the contrary, it has a lot of jishu and wealth that Shijie countries covet. Once the Japanese government recklessly declares bankruptcy and closure, various countries may openly send troops to station under the banner of 'international interference' and restore Japan to the state of occupation that it was at the end of World War II! ”

And then. He pointed to one of the most critical issues, and the biggest difference between the debt crises of Japan and Iceland," he said...... Not to mention. The debts of the Icelandic government at the time of bankruptcy were basically caused by the failure of financial speculation, and the main ones who suffered after defaulting on the debts were European and American investors. And the vast majority of holders of Japanese government bonds. It is the major banks in Japan, and they all embezzle the savings of Japanese citizens to buy government bonds...... Do you want so many Japanese banks to collapse together, so that the savings of tens of millions of Japanese families will evaporate in an instant, and almost all ordinary people will become poor all at once? ”

———————————————————————————————————

In general, in terms of the shijie range, Japanese capitalists and financiers should also be considered more patriotic. …,

Even after the collapse of Japan's bubble economy in the nineties of the twentieth century and the country fell into a long period of economic depression, Japan's banking circles continued to disregard their own interests and tried their best to get the government to lose their lives: because of the economic downturn in Japan, tax revenues were reduced. In order to stimulate the economy, increase fiscal spending, and build public works, it is necessary to constantly issue new government bonds to raise funds. Japan's government bonds have a long duration and low interest rates, making it difficult to attract foreign investors. It is largely absorbed by the country – and as a result, in the 21st century, the Bank of Japan has become the largest creditor of the Japanese government.

But on the other hand, it means that every Japanese household has savings in a Japanese bank without their consent. It was scooped up by bankers to buy the Japanese government's public bonds, and then the government spent them in the form of various public expenditures. Some of this became the salaries of civil servants and government employees, as well as pensions and unemployment benefits, which returned to the people and were eventually deposited in banks again.

Although this may seem like a cycle, the problem is that only a small part of the savings that ordinary people have been scooped up to buy government bonds go back to them in the form of salaries, and most of the money is consumed in this cycle. If this can spur the economy to take off and usher in the next round of prosperity, then it may be worth it. But in reality, the end result is just a constant borrowing of new debts to pay off old debts.

-- To put it mildly, since the collapse of the bubble economy in the early 90s of the 20th century, the Japanese government, which has been in political chaos for many years and has repeatedly failed to revitalize the economy, has actually been eating the coffin book accumulated by those "corporate soldiers" for future generations during the post-war economic boom!

Moreover, the coffin book has been gnawed down for decades, and the legacy of the ancestors of the past generations is almost finished!

Therefore, Japan's various social and economic ills have been accumulating for many years, and they are almost on the verge of developing to the point where they are unbreakable and unbreakable.

If you can't make up your mind and break your wrist, then what awaits this country next is hell and abyss.

“…… So, even if our government doesn't pay its bills, what can we do now to keep these banks from failing? ”

In response to his uncle's questioning, Prime Minister Kotori Yu Mahaku shrugged his shoulders helplessly, "...... According to the current situation and the US government's experience in bailing out the market, letting the government directly inject capital into the bank is basically equivalent to throwing money into the sea, and we can't raise so much bailout funds at present!

In addition, even if it surrenders to the Americans at this time and asks for international support, it is useless - Washington has already made up its mind to lie on the corpses of Japan and suck blood! And asking the Chinese for help, I am afraid it is difficult to have any good results: according to the historical feud between the two countries, Zhongnanhai can help us to this point, and it is almost to the limit! If you want to get more, you will have to sign all kinds of treaties that humiliate the country. ”

“…… But even so, you can't let the government shut down and go bankrupt! Especially at a sensitive time when the contaminated area of Fukushima has not yet been cleaned up and the riots in Tokyo have only just subsided! Although the current situation is bad, relying on the closure of exchanges and the closure of the market, it will still be able to survive for a few days. ”

Junzaburo Izumida replied with a sigh. “…… Either way, it's best not to make a bigger mess in our hands! ”

——————————————————————————————————

After a lengthy and heated discussion, Prime Minister Kotori Mahahiro and Chief Cabinet Secretary Junzaburo Izumida finally reached a consensus: the current Kotoriyu Cabinet, as a transitional regime, is estimated to never last for a month, and even whether it can last until next week is a bit hanging, so there is really no need to discredit yourself and make some angry moths - the country is bankrupt or something. It's better to let the next government take the blame. …,

However, even if the financial turmoil and the national debt crisis could be delayed for a few days, the cost of saving the nuclear crisis and rehousing the refugees is enormous. But I can't afford to delay for a moment. However, the central government's financial situation is already stretched, and the banking sector, which is in the midst of a wave of failures, is unable to provide support, and is unable to obtain loans and financing. It was very difficult to raise so much money quickly.

“…… Find a way to discuss with the big consortium and try to knock out a little money. At the same time, we should hurry up and find people to cry poverty everywhere and seek some fundraising from the international community. "In this regard, Prime Minister Kotori Yu Mahaku once again made an absurd decision with the characteristics of the second disease," ...... If it really doesn't work, we can only sell state-owned assets - our country is already in danger, and now is the time to smash the pot and sell iron! ”

“…… Selling off state assets? Junzaburo Izumida blinked a little confused, "...... Where are the state-owned assets that can be sold today? The land is privately owned, and the overseas assets belong to large corporations. At present, the industries that are still under the name of the government are mainly public services, and basically none of them can be quickly realized...... You don't want to sell off the national treasures in the museum? This will definitely make the people angry! ”

“…… Alas, Uncle Izumita, there is now one of the largest and most useless state assets, why do you turn a blind eye? ”

Birdie Masahiro sighed and shook his head. “…… As long as we mortgage all the equipment of the Ground Self-Defense Force, won't we be able to make up a sum of money? Judging by the poor performance of the Ground Self-Defense Force in this nuclear crisis, there should not be many people in the private sector who will say good things about them. Anyway, now that the finances are about to collapse, we simply take this opportunity to dismiss all this useless and unsupportable Ground Self-Defense Force.

Then, we will sell or mothball a batch of Maritime Self-Defense Force warships. The Air Self-Defense Force's fighter jets are also sold as long as they can be sold, and retired if they can't, and only a minimum of patrol strength will be retained. In this way, not only will the expenses be reduced, but also the additional income will definitely be able to make up a lot of money! ”

For this idea, which was even more whimsical than whimsy, Junzaburo Izumida even straightened his eyes on the spot, "...... However, not to mention the extent to which such a trade will lose money. If so many self-defense officers lose their jobs all at once, I am afraid that it will also have a great impact on society! He muttered.

“…… The self-defence officers who have been laid off can be assigned to the police station, the maritime surveillance and the fire brigade, or they may form a nuclear radiation fallout engineering team to be responsible for clearing the land contaminated by nuclear radiation, and the salary and package will remain unchanged. If they refuse to do it for fear of danger, then it is their own choice. ”

Kotori Yu Mahaku lowered his head and took a sip of his drink, and replied without thinking.

“…… In any case, the bulk of military spending every year does not come from personnel salaries. A clearance sale of these unproductive ordnance should raise some money to tide you over. ”

“…… However, it is difficult for Japan to export weapons on a large scale in accordance with the Peace Constitution and the Three Principles of Arms Exports, which are not to sell arms to bloc countries, countries prohibited by the United Nations, and countries that are or are likely to be involved in international disputes. Then there is the issue of international pressure, and Asian countries have been keeping a close eye on us in this regard......"

“…… It is precisely in order to implement the spirit of the Peace Constitution that we need to completely dismantle the Self-Defense Forces. There are many benefits to this! First of all, it can save a huge amount of military spending, so that the fiscal finance, which has been running deficits for many years, can take a breather; Second, isn't there an accelerated aging population in Japanese society and a general shortage of labor? And once the Self-Defense Forces are disbanded, hundreds of thousands of young and middle-aged people can be liberated immediately! ”…,

In response to the protest of the Chief Cabinet Secretary, Kotori Yu Mashiro's side seems to be more and more energetic as he speaks, "...... As for the sale of weapons...... It can be a little difficult. However, seeing that even our Self-Defense Forces have been disbanded, the East Asian countries will not say that this is a manifestation of the 'resurrection of Japanese militarism'! In this way, international pressure is largely non-existent. As for how to resolve the domestic opposition, then let's talk about it then! ”

“…… I say...... It's as simple as you think! ”

Faced with such a sick female prime minister who did not play her cards according to common sense, Junzaburo Izumida felt that his thinking was about to go out of order, "...... In order to establish this Self-Defense Force, the Japanese government in the early post-war period overcame many difficulties and obstacles. If the Self-Defense Forces are to be dismantled just because of financial pressures, they will be hastily dismantled. When the economy recovers, in what name should we rebuild the armed Liliang? ”

“…… Isn't that easy? When the economy recovers and you need to rearmament, you can play a word game! The army will be renamed the heavily armored police, or the high-mobility chengguan. The navy also followed China's experience and was assigned to the fishery administration department, with the aircraft carrier renamed the "large aircraft-carrying fishery administration and law enforcement vessel" and the submarine renamed the "underwater fishery administration and law enforcement boat." And the Air Force can also be changed to the Air Police......"

Xiao Tori Yu Zhenbai proudly held up his small chest, and confidently made an embarrassing declaration, "...... In short, no matter how the armed Liliang is transformed, at least it is stronger than the current Self-Defense Forces that can't even defend themselves! ”

- After listening to Prime Minister Kotori Yumashiro's words, poor Mr. Junzaburo Izumida almost couldn't help but want to faint again...... (To be continued.) If you like this work, you are welcome to vote for recommendation and monthly passes, and your support is my biggest motivation. )