'Godfather' of Abenomics: Japan's sales tax hike must be delayed

http://www.telegraph.co.uk/finance/economics/11232512/Godfather-of-Abenomics-Japans-sales-tax-hike-must-be-delayed.html

Marc Faber, the famous Swiss investor, has accused Japan of "engaging in a Ponzi scheme" because the BoJ is hoovering up most of the debt that has been issued by the government. While Mr Hamada agreed that Japan had created a "mild ponzi game", he also said it was a "feasible" one because of Japan's huge foreign reserves.

“In a Ponzi game you exhaust the lenders eventually, and of course Japanese taxpayers may revolt. But otherwise there are always new taxpayers, so this is a feasible Ponzi game, though I'm not saying it's good.”

Someone please prove to me Japan's train wreck isn't about go off the rails.

Barrick Gold’s Crucial Mega Mine May Be Delayed At Least By One Year

http://www.trefis.com/stock/abx/articles/189839/barrick-golds-crucial-mega-mine-may-be-delayed-at-least-by-one-year/2013-06-04

Headline Of The Day

http://www.zerohedge.com/news/2013-04-15/headline-day