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Japan's Debt Time-Bomb Tools .. Japan Shows How to Defuse Debt Time-Bomb (May 27, 2011) ....Image by marsmet462The first Great Depression led to totalitarian dictatorships, war to consolidate power, and concentrations of capital in the hands of a financial elite. The trigger was a default on the global reserve currency, in that case the pound sterling. The U.S. dollar is now the ...