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What? Japan get with the program, just print more money and pump up your stocks. Most on Zerohedge agree this is a totaly failsafe economic model.
Indeed. With Ireland now printing its own EUROS out of F'ing thin air, all other debtor ations will do the same and solve all problems in a matter of minutes.
Simply print. ---- The Fed is officially, "unsinkable." China's growth is "unstoppable." And those food riots popping up are nothing to be concerned with- the people will simply starve to death, and the problem will be solved. <sarc off>
How did we (if at all) get by through the millenia without demographic planning?
Why mess with yucky demographic planning when you can just run the printers at full speed? Voila, problems all solved.
We died before we turned 40 and were constantly engaging in warfare.
Generating a large pool of savings requires a society to produce much more than it consumes...
Generating a large pool of savings requires a society to produce much more than it consumes...
Hurrah! Again, the fabulous story of producing more than consuming. Of course, as human production activities are all consumption activities, well, hurrah...
This guy confuses saving and waste. Could be lethal to him as he no longer lives in the US.
Pffffht...all so 1990's style, 'savings, production, planning' what a set of old fashioned notions....just ramp up the printing press to full speed!!
They were (for most of them) based on waste.
Growing on waste...
There are 2 types of immigration, you can import young skilled and talented White/Asian men and women(Singapore) or you can import 3rd world black/brown people without skill and talent(Europe and America)
The results are self explanatory
Above post is a typical example of content that turns (normal) people away from ZH these days.
(Personally I don't care if someone posts such crap, but I'd like to be able not to read it, which is why I'd like to have the Ignore User patch added to ZH site code.)
You... WE! should suffer all the forms of ignorance available.. as a reminder, to what our duty should be...
Well that content is just the awfull truth. Immigration is a desaster for Europe and I hope the Japanese will never make that mistake. The european civilizations will not survive to immigration and multiculturalism. Good job, Uncle Sam.
I fail to see what is so contemptible in the above post. In order to be economically and societally beneficial, immigration must consist of migrants that have a net positive contribution to the country the migrate to. If the migrant is young, bright and educated, the overall contribution will be a net gain to the overall production in the country. If the migrant is uneducated, low skilled or old, the contribution is a net negative as his/her participation in the country consumes more goods and services that it produces. That is reality.
In the US, for example the vast majority of immigrants from Mexico (brown people) are either low skilled/uneducated (fruit pickers, domestic service, gardeners), criminal (MS-13 and other drug gangs) or old (grandma been brought over by her family). There is no logical matrix by which anyone can claim that their contribution outweighs their footprint of consumption in this country. Sorry, reality sucks. You might use the standard fare talking points, it does not changes reality. Paco mowing the lawn does not produce enough to outweigh his emergency room visits, his 9 kids attending the public school system or his welfare/social security/SNAP subsides.
Young Asian immigrants, on the other hand, are usually educated, have an engineering or IT degree and can produce multiples of their footprints in both actual goods and services and tax remittances to the Fed. They are usually fully employed (or self employed), start their own businesses and hire other Asian migrants providing a multiplying wealth effect.
Pointing out reality is not racist. It just is.
If your fragile psyche can not handle the truth, I recommend you try MSNBs instead. Or perhaps MTV. The new series "Skins" is pretty hot with all those nubile 15 year olds (yuck, I just pucked in my mouth a bit)
sad, but sadly rather true.
Of course a country needs also low-skilled workers, but if they have ambition & respect towards the host country, it will be a net gain.
In Europe, too many immigrants are not interested in getting to know the host country but are only interested in exploiting all the benefits, while shielding them off from the host's culture.
If you don't like the Truth why read ZH in the 1st place ?
Props to you for speaking the truth - no matter how ugly it is to hear.
How about neither for a while in the US? Perhaps there is something to learn about Japan.
Dont ask too much from Japan. They have already it very hard to deal with their Burakumin and Hinin population issues. Useless for them to advance to the next stage as they are still floundering with low level population absorption.
Gold longs are being raped.
Gold bugs will only see the bottom at $1050.
By then most of them will have sold and will be too scared to buy the dip. $1600 should be the end of the bull market for gold before Japan-style deflation sets in.
1050? Well since all the experts said it would never get over $1,000, not bad.
$9 is a raping?
The charts tell me that the top of the bull market in stocks is june and the intermediate top in gold is in.
what where they thinking... luckely we are all much smarter...
POKE POKEMON THAT MOTHERFUCKERS!!
Exactly!! And the US is much smarter, cuz hey... the Chairman just said so, "it cannot happen to us"!! Rosenberg is totally wrong with his comparing charts!
"Generating a large pool of savings requires a society to produce much more than it consume"
only in relation to ANOTHER society that has to be the consumer, no? If it was just within the one society, then all the extra production goes to waste while they shun the over consumption
So perhaps Llyod & Ben ARE doing God's work after all?
Listen to Yew, or this wil not end well.
one word answer; "Idiocracy"
Keep the barbarian round eye far from these shores, neh?
Speaking of Japan, look at the advance/declines in their market since the crash of 1990:
As it stands today, the Nikkei is 73% below its nominal peak of late 1989. So to say, we're in a new bull market because of one strong rally is a bit retarded, especially when the economic similarities between us and 1990s Japan are striking.
Personally, I need to learn how to better play those bear market rallies, but let's not kid ourselves. We're in a world of shit. Everything that's being said now "We're in a recovery", "business is improving", etc. All of this stuff has been said before. And look what happened.
"We need more suckers to keep the Ponzi going."
The problem in Japan is not that they have old people. There's nothing wrong with old people. The problem is that they are not set up to deal with old people. They just need to set things up to deal with old people.
Ok, I'll bite. How? How do you set up your society to support a larger portion of the population that produces less and consumes more. Oh yeah. You get the Bernank to print you some more debt notes. Silly me.
Japan's government is run by Keynesians, who think jobs are a scarce commodity and the chief thing any stagnant economy lacks is sufficient slips of paper with numbers printed on them.
Sorry to spoil the fun. Nowadays, the government and mainstream media have spinning tendentious lies to delude the public.
I'm a local Singapore citizen and I have this to say:Singapore has no freedom of information and speech. Almost everything is being suppressed here.
Recently, Singapore government boasted about 10% economic growth. GUESS WHAT? I AM JOBLESS now despite being well-educated with skills and experiences.
Singapore government-linked welfare and help groups did nothing (not a single cent), just sweet talks and waste of my time and depleted savings. There was a period couple of years back when I WAS UNEMPLOYED FOR MORE THAN 1 YEAR. And that time, Singapore government still boasted about growth!
More surprises? I have a close friend (also local) and he is among the unspoken long-term discouraged unemployed in Singapore.
As long as you can chew gums... Oh wait, you cant.
Indeed - it's all fun and games until your government can shout "Defamation!" if you don't fit their picture.
This is so much malarkey. The U.S. lets in huge numbers of immigrants and has the worst economic performance in the world right now. We have the most prisoners of any country in the world and 80% are immigrants or first generation immigrant children. Almost 10% of immigrants are retirement age. Immigrants have, on average, 5.5 children which places a huge load on schools systems. Increased immigration means an increase in population and requires massive amounts of infrastructure development. Japan does not need so many people. It has solidly moved into the 21st century and uses automation everywhere. They are smart. We are dumb.
"We have the most prisoners of any country and 80% are immigrants or first generation immigrant children."
Sounds like bullshit to me... where are the stats for this claim?
Here's all you need to know: " In 2000, the average age of an immigrant was 39. That's about four years older than the average age of a native-born American. That number includes immigrants who have been in the country a long time."
Exactly. Japan didn't get to having 130 million people on an island less than the size of California, without having a good handle on economics and the soundness of not allowing unfettered immigration.
Prisons in Europe are also full of immigrants and these are rarely Asian.
This criticism is only valid if the function of a country is just maximizing GDP. Like maybe the function of a country is the preservation of a kind of people.
This guy is mixing up social theory, economics and keynsian blarney.
His logic is sophistry, like that of a pretentious eighth grader.
How does he even know what he is trying to say?
Japan like the rest of the earth is overcrowed. A country with less people has better chance to feed properly its citizens and make a better living for them.
I think the author has it all backwards; a shrinking population means that there is more resources and more production, to be shared amongst fewer people, which improves living standards. Its no coincidence that the least densely populated countries in the world have the highest living standards and per capita GDP.
Japan has also taken steps to deal with the loss of workers. For instance, it doesn't have a financial sector that is bloated and produces nothing. It uses vending machines whenever possible instead of human labour. And it hasn't allowed its economy to be ruined like that in the United States by excess immigration.
While Japan will be shrinking its way to prosperity, nothing less than genocide in the United States will restore it to its former glory. I say, fire up the ovens, and lets get on with it!
Feel free to lead by example, fascist.
"As always clear and concise..." and also somewhat wrong. From individual census agencies, the median age:
Canada: 39.7 (July 1, 2010) http://www.statcan.gc.ca/daily-quotidien/100929/dq100929b-eng.htm
Singapore: 37.4 (mid 2010) http://www.singstat.gov.sg/stats/keyind.html
The young people are all staring down at their gadget dejour rather than making eye-contact with the opposite sex.
I don't care how you market it, if a gadget does not increase your chances of copulation, it's kind of pointless right?
Let them fade. They'd rather fade away than seeing their country full of "foreigners" who don't share their values and genes.
Japan would rather go into obscurity than allow too many of the inferior races (everyone else) onto their island. They are pinning all their hopes on super intelligent.robots that will clean house, help with homework, design and build.toyotas, and also.has the vibrating vagina for the fastidious japanese male too busy playing on the computer to chase any real poon.
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