You're now on the archive server. Commenting has been disabled.

The Power Of Debt

Marla Singer's picture




Japan's holdings of U.S. debt securities (1994): $196 billion.

It wasn't a bow, exactly. But Mr. Clinton came close. He inclined his head and shoulders forward, he pressed his hands together. It lasted no longer than a snapshot, but the image on the South Lawn was indelible: an obsequent President, and the Emperor of Japan.

 

   - The New York Times, June 19, 1994.

Japan's holdings of U.S. debt securities (2008): $1.05 trillion.

After his speech, Obama had lunch with Japan's Emperor Akihito and his wife, Empress Michiko, bowing deeply as they welcomed him to the graceful grounds of the Imperial Palace in the heart of the bustling city.

  - The New York Times, November 13, 2009.

Japan's holdings of U.S. debt securities (2014): $4.39 trillion.

After yesterday delivering a moving public apology in Japanese for U.S. aggression in the controversial "Pearl Harbor incident," Obama enjoyed the honor of driving Emperor Akhito and his second wife Empress Sayako (daughter of the late Empress Michiko), back to the Imperial Palace where he served them finger sandwiches and mint tea.  The White House called the ceremony "standard protocol."

 

 - The New York Times, July 5, 2014.




Similar Articles You Might Enjoy:

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 11/16/2009 - 02:50 | Link to Comment rayen36
rayen36's picture

LOL

Mon, 11/16/2009 - 10:06 | Link to Comment Anonymous
Mon, 11/16/2009 - 03:28 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

HA HA HA HA HA

+1000000000

Mon, 11/16/2009 - 03:38 | Link to Comment Anonymous
Mon, 11/16/2009 - 09:23 | Link to Comment Anonymous
Mon, 11/16/2009 - 04:02 | Link to Comment Anonymous
Mon, 11/16/2009 - 04:10 | Link to Comment Marla Singer
Marla Singer's picture

Given the Emperor's total lack of political power, your use of the word "leader" here is somewhat suspect.

Mon, 11/16/2009 - 09:49 | Link to Comment Anonymous
Mon, 11/16/2009 - 13:00 | Link to Comment Misthos
Misthos's picture

Marla - don't forget history.  This emperor's father was Hirohito.  Are you familiar with Hirohito's forays into China in the 1930s?  Kinda bloody history.  This gesture may have been made as an affront or a veiled "reminder" to the Chinese.  The bow can be translated as "Hey China, we have friends in your backyard."

Diplomatic gestures are thought out well in advance and are meant for a different audience, somethimes multiple audiences, with different intended meanings.

Mon, 11/16/2009 - 13:48 | Link to Comment Anonymous
Mon, 11/16/2009 - 15:02 | Link to Comment Misthos
Misthos's picture

No, the American people do not bow to royalty, the American people consume 25% of the world's resources and pay mostly for that on credit.

 

 

 

Mon, 11/16/2009 - 04:15 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

HuffPost is -----------------------------------------> that way ....

Mon, 11/16/2009 - 04:34 | Link to Comment faustian bargain
faustian bargain's picture

actually I think they'd be way over

<-------------------------------

that way

Mon, 11/16/2009 - 05:03 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

touche monsieur ... touche 

 

Mon, 11/16/2009 - 05:11 | Link to Comment faustian bargain
faustian bargain's picture

lol

Mon, 11/16/2009 - 12:42 | Link to Comment DaveyJones
DaveyJones's picture

thought the bow meant we're all headed this way

:

:

:

V

Mon, 11/16/2009 - 14:11 | Link to Comment Unscarred
Unscarred's picture

And the proverbial CAK in the ARSE is headed this way...

     / \
    |XX|
    |XX|
    |XX|
    |XX|
888  888

Mon, 11/16/2009 - 09:08 | Link to Comment Anonymous
Mon, 11/16/2009 - 16:47 | Link to Comment Anonymous
Mon, 11/16/2009 - 04:07 | Link to Comment arcturius
arcturius's picture

:)))

Mon, 11/16/2009 - 04:09 | Link to Comment the.spear
the.spear's picture

hohoho, zing*

 

+1^1000

Mon, 11/16/2009 - 04:21 | Link to Comment chindit13
chindit13's picture

If the American ego is so fragile that it sees a bow as obsequious rather than simply acting polite in someone else’ home, then perhaps America needs to get taken down a notch or two.  Though I am no fan of Obama, I find it refreshing that he understands the Asian concept of “face” and knows that showing such respect in no way diminishes the strength nor apparent confidence of the actor.  Indeed, it enhances his ability to get done what he wants to get done, because in Japan, where style is far more important than substance, the gesture will go neither unnoticed nor unappreciated.

As for the comment about Akihito's second wife, Marla should be on the look out for black trucks with loudspeakers blaring, driven by men with punch-permed hair, carrying copies of the works of Yukio Mishima, and brandishing finely honed swords.

Mon, 11/16/2009 - 04:42 | Link to Comment faustian bargain
faustian bargain's picture

The post was not about the shamefulness of bowing to a foreign figurehead. It was about the shamefulness of the US's ever-increasing foreign debt.

Mon, 11/16/2009 - 05:28 | Link to Comment Hoi Polloi
Hoi Polloi's picture

Actually it's both. It's about shamefullness for bowing and having such a large debt to a foreign country. Start borrowing less and stop whining for a beginning.

Mon, 11/16/2009 - 05:28 | Link to Comment Hoi Polloi
Hoi Polloi's picture

Actually the message is both. It's about shamefullness for bowing and having such a large debt to a foreign country. Start borrowing less and stop whining for a beginning.

Mon, 11/16/2009 - 04:43 | Link to Comment Yes We Can. But...
Yes We Can. But Lets Not.'s picture

"taking America down a notch or two" will eventually comprise the core of the Obama legacy...

Mon, 11/16/2009 - 05:08 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

well if arrogance is the core paradigm of US FP, then i think you are in a shitload of trouble .... just saying, you know ... as an outsider .... humility does wonders when you need OTHER PEOPLE to buy your debt. And although i appreciate how Obama treats foreign dignitaries, his people in the WH protocol team should know that he does not need to bow to foreign rulers, because that is strictly reserved by those who are being ruled by them. 

Mon, 11/16/2009 - 07:45 | Link to Comment Zombie Investor
Zombie Investor's picture

Jack Tapper has following from "an academic with expertise about the Japanese Empire, and in general a supporter of President Obama":

"The bow as he performed did not just display weakness in Red State terms, but evoked weakness in Japanese terms....The last thing the Japanese want or need is a weak looking American president and, again, in all ways, he unintentionally played that part.

http://blogs.abcnews.com/politicalpunch/2009/11/on-president-obamas-bow-...

 

After the bow to the Saudi King, we were told by Axelrod, Gibbs and the rest of his administration that it wasn't a bow (he was just bending down to shake hands or some such nonsense).  In light of his latest bow, I think it becomes clear that they were lying.  I personally don't care if he bows or not.  What concerns me are the lies, the enemies list, the special favors list...  It's like being transported back to the Nixon era (as the article points out, he also bowed to the Emperor).

Mon, 11/16/2009 - 08:14 | Link to Comment Anonymous
Mon, 11/16/2009 - 09:58 | Link to Comment chindit13
chindit13's picture

If you are correct, please site sources.  My own conversations with a certain element of the Japanese populace, particularly the far right (who control much of the country's wealth and are becoming more popular), welcomed the gesture and found it respectful rather than weak.  Your sources may have a differing view.

On my own meeting with the Emperor---though I was hardly a Head of State---it was recommended to me by the Imperial Household Agency staff that such a gesture was the proper protocol.

Mon, 11/16/2009 - 09:17 | Link to Comment Anonymous
Mon, 11/16/2009 - 10:03 | Link to Comment Anonymous
Mon, 11/16/2009 - 15:55 | Link to Comment Anonymous
Mon, 11/16/2009 - 05:53 | Link to Comment agrotera
agrotera's picture

Excellent extrapolation Marla!

Mon, 11/16/2009 - 05:54 | Link to Comment agrotera
agrotera's picture

sorry, duplicate

Mon, 11/16/2009 - 05:54 | Link to Comment Anonymous
Mon, 11/16/2009 - 07:53 | Link to Comment Anonymous
Mon, 11/16/2009 - 13:28 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

What's that old saying in banking?

If you owe the bank $10,000 and you can't make your payments, you're in trouble. If you owe the bank $100,000,000 and you can't make your payments, the bank is in trouble.

It's a two way street when loans are made but Marla is spot on when she shows through sarcasm that at some point with regard to our ever increasing debt (a point we have passed in my view) we are no longer in control of our economic and foreign policy.

On the other hand, the puppet can pull on the strings hard enough to upset the puppeteer. 

Mon, 11/16/2009 - 08:15 | Link to Comment Fibozachi
Fibozachi's picture

haha, haha ... Obama re-elected ... ha, ha ha, ha. Nice.  What's next, inflation is coming?

Mon, 11/16/2009 - 08:19 | Link to Comment Anonymous
Mon, 11/16/2009 - 09:11 | Link to Comment Gordon_Gekko
Gordon_Gekko's picture

ROTFL! Good stuff Marla.

Mon, 11/16/2009 - 09:33 | Link to Comment duckweed
duckweed's picture

a bow has nothing to do with defeat. just ask any samurai...

Mon, 11/16/2009 - 09:56 | Link to Comment Anonymous
Mon, 11/16/2009 - 10:00 | Link to Comment mikeyv1970
mikeyv1970's picture

A lot of folks have utterly missed the satirical point of the article.  She is poking fun at how "respectful" the US is becoming towards our new masters who allow us to continue the massive ponzi scheme being perpetrated upon US Citizens.  Soon I expect the US will completely disown Taiwan.  I would be extremely concerned if I was Taiwan...

Mon, 11/16/2009 - 10:04 | Link to Comment Mad Max
Mad Max's picture

SPOT ON!  Glad to see this being noticed outside of the right-wing circles.  It's a travesty.

Mon, 11/16/2009 - 10:09 | Link to Comment Anonymous
Mon, 11/16/2009 - 10:12 | Link to Comment Anonymous
Mon, 11/16/2009 - 10:19 | Link to Comment Anonymous
Mon, 11/16/2009 - 10:20 | Link to Comment Shameful
Shameful's picture

So at what debt level will have Hillary give Hu Jintao a lap dance?

Mon, 11/16/2009 - 10:23 | Link to Comment Sqworl
Sqworl's picture

Queen Marla...I bow to you....;-)

Mon, 11/16/2009 - 11:10 | Link to Comment Rama V
Rama V's picture

Ritual bowing is comparable to shaking hands with the added benefit of reduced risk of the spread of disease or infection. People showing signs of respect and civility is refreshing.

Mon, 11/16/2009 - 15:14 | Link to Comment Rama V
Rama V's picture

From your source: "Most commonly, they greet each other by bowing instead of handshaking." Do you not find civility refreshing?

Mon, 11/16/2009 - 15:49 | Link to Comment faustian bargain
faustian bargain's picture

there's a fine line between being respectful and being obsequious.

Mon, 11/16/2009 - 11:28 | Link to Comment gatopeich
gatopeich's picture

LOL. Thanks for one more great post, Marla.

Mon, 11/16/2009 - 11:33 | Link to Comment Anonymous
Mon, 11/16/2009 - 11:45 | Link to Comment spekulatn
spekulatn's picture

Swisssssshhhhhhh.

 

Great stuff, Ms. Marla. (You can't see, I know, but I am bowing like 'Bama)

 

"MARK IT ZERO, DUDE"

Mon, 11/16/2009 - 11:51 | Link to Comment Winisk
Winisk's picture

Anyone remember Wayne's World?  "We're not worthy."

Mon, 11/16/2009 - 12:45 | Link to Comment Anonymous
Mon, 11/16/2009 - 12:46 | Link to Comment bigdad06
bigdad06's picture

HAHAHAHAH!!!! Very nice Marla!!! I am bowing before you!!:))

Mon, 11/16/2009 - 12:54 | Link to Comment Anonymous
Mon, 11/16/2009 - 13:30 | Link to Comment DaveyJones
DaveyJones's picture

The biggest problem with bowing to Japan is the physical gesture

hard to get a handout when your palms are not exposed 

Mon, 11/16/2009 - 14:14 | Link to Comment Unscarred
Unscarred's picture

Be grateful that American leaders only have to bow.  Give it another two or three election cycles, and they'll be facing the other way, reaching down and grabbing their ankles:

http://www.zerohedge.com/article/power-debt#comment-132009

Mon, 11/16/2009 - 14:41 | Link to Comment DaveyJones
DaveyJones's picture

is that what they mean by turning the other cheek?

Mon, 11/16/2009 - 15:55 | Link to Comment Unscarred
Unscarred's picture

+1

Mon, 11/16/2009 - 14:16 | Link to Comment Unscarred
Unscarred's picture

Hey, don't forget this one:

January 8, 1992: President Bush becomes ill on a visit to Japan and vomits on Japanese Prime Minister Miyazawa Kiichi. While the footage was widely seen of Bush recovering from having emptied his ...

http://www.youtube.com/watch?v=XnOnDatqENo

Mon, 11/16/2009 - 20:45 | Link to Comment Rainman
Rainman's picture

yeech.....I remember that. The old man had one too many octopus eyes for breakfast, I guess.

Mon, 11/16/2009 - 14:58 | Link to Comment amanfromMars
amanfromMars's picture

Did nobody teach y'all, when in a hole, stop digging?  It is common sense to most folk.

Do NOT follow this link or you will be banned from the site!