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Game Over Japan: Real Wages Crash Most In 21st Century, Savings Rate Turns Negative
When about a month ago it was revealed that Japan's shadow economic advisor is none other than Paul Krugman, we said it was only a matter of time before the Japanese economy implodes. Terminally. We didn't have long to wait and last night the barrage of Japanese economic data pretty much assured Japan's transition into failed Keynesian state status.
In fact, after last night's abysmal Japanese eco data, we doubt even the most lobotomized Keynesian voodoo priests have anything favorable left to say about Abenomics: not only did core inflation miss expectations and is now clearly in slowdown mode despite Japan openly monetizing all gross Treasury issuance, not only did industrial production decline 0.6% missing expectations of an increase and record its first decline in 3 months with durable goods shipments crashing, not only did consumer spending plunge for the 8th straight month dropping 2.5% in November (with real spending on housing in 20% freefall), but - the punchline - both nominal and real wages imploded, when total cash wages and overtime pay declined for the first time in 9 months and 20 months, respectively.
And the reason why any poll that shows a recently "re-elected" Abe has even a 1% approval rating has clearly been Diebolded beyond recognition, is that real wages cratered 4.3% compared to a year ago. This was the largest decline since the 4.8% recorded in December 1998. In other words, Abenomics has now resulted in the worst economy, if only for consumers, in the 21st century.
But that's not all: as Bloomberg reported, for the first time ever since records were collected in 1955, Japan's savings rate turned negative. To wit:
Japanese drew down savings for the first time on record while wages adjusted for inflation dropped the most in almost five years, highlighting challenges for Prime Minister Shinzo Abe as he tries to revive the world’s third-largest economy.
The savings rate in the year through March was minus 1.3 percent, the first negative reading in data back to 1955, the Cabinet Office said.
A higher sales tax combined with the central bank’s record easing are driving up living costs, squeezing household budgets and damping consumption. Abe’s task is to convince companies to agree to higher wages in next spring’s labor talks to sustain a recovery.
“Households are suffering from a decline in real income,” said Hiromichi Shirakawa, an economist at Credit Suisse Group AG who used to work at the Bank of Japan.
Actually, if you ask Krugman, they are suffering from not enough inflation, and a lack of willingness to spend their savings. Oh wait... Never mind.
The savings rate, which the Cabinet Office calculates by dividing savings by the sum of disposable income and pension payments, peaked at 23.1 percent in fiscal 1975.
As Japan’s population ages, its growing ranks of elderly are tapping their savings, according to the Cabinet Office. Consumers also ran down savings to make purchases ahead of a sales tax-increase in April, the first since 1997.
The report offers perspective on a debate of decades ago over Japan’s trade surplus with the U.S., which caused periodic bouts of tension between the military allies. While respective savings rates have moved in opposite directions, the U.S. still had a $56 billion deficit with Japan in the first 10 months of 2014, U.S. government data show.
As for that imminent surge in wages: Today’s data showed there were 1.12 jobs available for every person seeking a position, the most since 1992. Said otherwise, Japan now has the most labor slack in over two decades!
The preliminary wage data released today lack a large enough sample and include some biases, so the final figures may be revised upward, according to Hiroaki Muto, an economist at Sumitomo Mitsui Asset Management Co. “Looking ahead, wages will probably rise but not accelerate,” said Muto.
Actually, it is far more likely that they will keep falling as Japanese corporations build up cash for what is now shaping up as the inevitable collapse of Abenomics which will send the economy, and the Nikkei, into a tailspin, one from which, however, there will be no recovery this time.
Or, as Keynesians around the world would like to call it, "a job well done."
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honest Abe
AND Free Hair Coloring Provided For All MALE Politician
mo monay mo problems
http://www.philiacband.com/propaganda.html
No worries. The "K-Hen" has got your back this morning.
Abe wasn't doubling down he went all in
http://y2u.be/VI6tBwVjyOY
We Seppuku’d some folks.
Between the ongoing nuclear fallout and the population decline, it's as if 2 to 3 Hiroshima events happen every year in Japan. Bullish right? I'm sure it brings tears of joy to Krugman's eyes.
That jouchebag needs to be shedding tears after being repeatedly pummeled in the face.
Debt for the people is like engine coolant for your pet. It tastes sweet but the more of it we have the sicker we get.
What Japan *should* of done is made interest rates a minimum 10% it would of rewarded saving instead of borrowing. It would of kicked the teeth out of the Bullshit housing market bubble.
Less is more, right? Moar!
"Abe’s task is to convince companies to agree to higher wages in next spring’s labor talks to sustain a recovery."
Since when is it gubmint's role to be involved in setting wage rates?
Minimum wage laws?
I hope the Japanese government has the wherewithal to subsidize the inflatable doll factories.
I hope more Japanese migrate to the USA to escape Fuki radiation and Japan's economic mess; the ones I have met have been hard working, friendly, non-violent, and take care of their house.
I'm getting tired of the two 'love dolls' I have from Tokyo; they're a little too quiet and passive in the sac.
Since the sheeple started crying "It's not fair that they make all of this money and I get shit! Do something!" Or since oligarchs realized that there is a minimum amount of shit that the middle classes need to be "happy" and threw them a tolken gesture that actually didn't do what the sheep thought it would do. Or since you had governments that felt that they just knew better than everybody else what wages should be and wanted control over everything.
I'm going for: d) all of the above.
PTB (porn, thermo-nuclear, baseballs) have kept the land of the rising sun enter-tainted for decades;
the 3.11 event horizon was crossed...and now they dive head first into the abyss, dragging us with them by the tail, even though our heads face the opposite.
The plans contain no fixes...
Flow kept...changes perpectuated, just as I-Ching predicted.
we, the slaughtered.
"entertaintment"
I like it. I will put you on my counter-propaganda committee.
will that be life-long membership? Uh, scratch that, life isn't long...permanent then?
10%? And have indirectly freed the debt slaves? Not likely, on the Fiat Plantation.
Over the cliff they go.....followed by Janet Yellen leading us into the abyss
None are so blind and those who will not see...get Janet Yellen an eye transplant
"Between the ongoing nuclear fallout and the population decline, it's as if 2 to 3 Hiroshima events happen every year in Japan. Bullish right? I'm sure it brings tears of joy to Krugman's eyes."
That is a lot of broken windows.
A self proclaimed American progressive, once he ran out of logical fallacies, told me "the broken window fallacy does not exist". It is "not a fallacy". He also said "the free-market is not a real thing", not because we don't have one, but because it is too vague and is theorectically impossible. Oh, and the problem is that the government is not spending enough becasue the Republicans are holding back Obama, who "knows what to do".
Denial is the favorite tactic of the useful idiots tools of the statists.
Communism hasn't failed because it's never been tried. LOL
Yes, I hear that one a lot, but fortunately, I know that America already tried communism.
Young japs have given up on themselves. Not working, not getting married or even having an intest in sex, not starting businesses. Just tuning out the world with video games and other wastes of time. Sort of sounds like the US millenials, doesn't it?
Something's gone wrong with the Y chromosome. We have xx butch females, and xy vagina boys. Many causes - mainly media and cultural bias; plastics in food/enviroment. If this goes on much longer, mankind will need to find some frozen sperm from 100 years ago, and breed some masculine males.
We are well beyond the Point of No Return. The Rubicon has been crossed.
We are COOKED...and DESERVEDLY SO.
Do not count on any miracle to save it. God does not act against His Word and will not act in order to save the corrupt and dishonest system
And that is TRUTH worth CELEBRATING..
From a gen Y'er I'll give you a take on what I'm experiencing here.
Women in my age range aren't worth being in relationships with. They're tied to their phones and brought up in a culture of self-affirmation that the moment you try discussing anything with them that isn't remotely based on social/pop media or gossip, they turn doe-eyed and shy away. They're all about fun. Nothing I'd ever want to have being the mother of my kids.
fuck and a toss. that's all they've become, and I find it ironic that they're becoming utterly disposable like everything else in this culture.
The best part? As I have heard from Jim Jones who interviewed a *very* old GE Engineer they closed the nuclear loop back in the 1950's. It would of eliminated spent fuel rods and allowed for total energy extraction. Truman as I understand it blocked the development because it would of completely obliterated the oil, coal, and gas industries and allowed virtually unlimited free power. We could of heated homes with electric and made all power free. We could of heated winter greenhouses with electric heat.
And even if *none* of that was verifiable or true - crowdsourcing Thorium Reactor presentations will prove that nuclear energy is so obsolete. Power should be free.
It sounds promising, but free energy? I know they have fre energy on Star Trek ... but ...
http://www.whatisnuclear.com/articles/thorium_myths.html
The biggest draw of thorium in my mind is the lack of a need for enrichment. Yes, you need some fissile material to get the things fired up, but we have a shitload of reactor waste that could be reprocessed for this purpose. We built a working thorium reactor back in the '60s, so to all of the naysayers, yes, they can work, and there is hard evidence of this. OTOH, the Russians have developed (are developing?) a new uranium reactor that supposedly has many of the advantages of the Th232 MSRs. I haven't dug too deeply on this one yet, so I'll leave it to you if you want to know more.
It is sad really. We could develop fuel cycles that are safe and produce much less waste, but we won't, at least not before a few billion people die off because we went with the status quo instead of looking to the future. Sunk costs on current reactor technology plus people bitching about nuclear proliferation when we already can destroy the world are going to fuck us.
"Power should be free."
The power our rulers wield over us is free for them because the subjects are the ones that pay for it.
It's always policy. Never production.
It was under the Truman adm. when the patent office started refusing those kind of applications. The Rockefeller's controlled the gov. and we didn't have to import oil. When the Petro Dollar dies, we will have another chance. For all of you naysayers, I'll give you a simple example. A DC electric motor(which tends to be off grid) uses a permanent magnet for half it's fields, while an AC motor uses 100% grid power for both fields.
You're an engineering illiterate; you have no idea what you're babbling about.
Is that perpetual motion machine still around?
Were they going to put nuclear reactors on airplanes, boats, and cars? There's a difference between electricity and combusitible engines. I doubt there were batteries back then that could have powered ships, plannes, and cars. That's still the main problem today. There's no such thing as free power. Someone has to pay for the reactors and power lines to be built and maintained.
We would have to develop the technology for reverse combustion. It could be done. Maybe or maybe not for 7.2 billion people, but it could be done. Ferrous cobalt ceramics have a tendency to snatch O atoms from CO2 when hot enough, and the resulting CO can be used by a better chemist than I in conjunction with hydrogen and electricity to manufacture liquid fuels. While the technology itself is not here, the basis for it is. We aren't going to develop it (if we ever do) until after a very lethal crisis forces us to, however. Our fossil fuel economy will have to totally crash before we start working towards that kind of solution, and by then, it may be too late. We'll see.
Or just add water and burn the hydrogen. Totally doable.
Japan's game was over a long time ago (like 1945 actually).
It's been the Fed's carry trade, inflation exporting conduit for the better part of 60 years now.
Plus, it had the curse of all that free nukular energy, now paying it's radioactive dividends...perhaps soon to come to America, if the lied condition of San Onofre, Three Mile Island , Hanford and all the nukes sitting on Seismic zones are any indication...
https://aadivaahan.wordpress.com/2010/09/03/the-curse-of-free-energy/
Discovery of oil meant redistribution of power. Germany and Japan realized early on how important access to oil was going to be. Both had highly industrialized nations that dominated through coal era. None, however, had made significant oil discoveries on their territories. Unlike Britain, they had no colonies to take advantage of. That's why Germany went to Africa of all places during WW2. What was the significance of Southern territories? Oil! Why did Japan march West across the continent all the way to India? Oil!
Both countries realized that they'd be doomed to serve oil producers for as long as oil would last if they didn't grab a piece of the pie. Attempts to secure trade routes started as early as 1904, but were denied though economic warfare. An actual all out war followed, but since it resolved none of the underlying issues and only put Germany in the worse position it started in, WW2 became inevitable. Hyperinflationary crash of 1922, rise of union busting fascists in Italy and then in Germany. American investment rush into German military following its own stock market 1929 implosion... etc.
It's all about oil. Has been since the discovery of first mass reserves near Mesopotamia and the conversion of British Royal Navy from coal to oil powered transports and warships.
The wheels were set in motion over 100 years ago. And our own Fed, that incidentally, came into existence just as the WW1 was about to unravel, only helped aggavate matters. Everything's intertwined. The geopolitical objectives have remained unchained though all these years, yet the media portrays every conflict as a stand-alone matter, seemingly unrelated to all the others.
Jeffy
you are a filthy troll and all your food are impure. You are eating the animal even in what you think is purest broccoli. You will not go please to vegan hell.
Winner winner chicken dinner - what you wrote made sense to R2D2..
Can't wait to hear this story on CNBC...Oh wait...
Woman will never have problems: they have valuable asset (pussy).
Comex should financialise it: free QE for everyone, just buy #PSY asset. Wealth effect: economy recovered.
An underutilized asset to be sure. The VUR (Vagina Utilization Ratio) at an average of 15 minutes twice a week is .3%. We definitely need a productivity increase on a currently 99.7% wasted asset. C'mon ladies - help us out.
Think about the positive impact on World Peace if we could just get the VUR up to 1%.
( Yes I know that some ladies are out there saying - 15 minutes I wish! But let's not get distracted from the main point )
Keeping this Friday Humor going... It's an Interest-bearing account, but one that also charges User Fees a number of different ways:
Some are hidden, some are regular, others discretionary or conditional fees. So to speak. But let's not digresss too much.
It's legal in Nevada.
You are hilarious.
time to visit Abe and company with pitchforks and torches.
Won't happen. What will happen is Japan's legendary homogeneous population is about to he destroyed by necessity. To fight the countries demographic time bomb and deflation of asset prices they are going to have to embrace some NWO style immigration and foreign holdings of Japanese RE. Will the historical racism and culture exclusivity of the Japanese people over ride their tradition of obedience and servitude? I doubt it. Once Abe says letti gaijin buy RE and or citizenship is good for Japan, the people will fall in line.
I agree....if all they cared about was GDP numbers then destroying their civilization and culture would be worth it...but the American/European model of diluting all things historical and cultural will fail. Unfortunately, when enough American's/Europeans/English wake up and realize what a gigantic mistake they've made it will be too late.
The Japanese will be fine as long as they DONT sell out. Sure, they won't be as wealthy as we all thought. So what. They were stockpiling fiat forms of wealth for decades and now they're realizing that doesn't work out too well in the end. We will all one day realize the same thing....and when we do, we'll fall back to family, tribe, traditions and culture.
What the Japanese should really be doing (but for the reason's you cite won't) is strengthening their relationship with China and Korea. I get it, they feel they are superior to us Americans. No arguement....I don't see that as racist at all. I see it as prideful and cultures should have pride, but at least they should have good relationships with their Asian cousins. Because they need the Chinese and Koreans to buy Japanese cars (which are the best) and for the Chinese to lose their interest in inferior Detroit byproducts.
"when enough American's/Europeans/English wake up and realize what a gigantic mistake they've made it will be too late."
Too late for what?
The U.S. went from a population of 3 million in 1800 to over 300 million two centuries later. I really don't think a few more immigrants are going to hurt.
The world continues to change. You can embrace it, or you can run screaming, but you're powerless to stop it.
It can't happen here (USA and EU) is the battlecry heard at the top levels of government and banking. Things are starting to fall apart and just about anything they do will end badly. Your right that immigration, legal and illegal, won't have any effect except to speed things up a bit. As for embracing it, not gonna happen.
Don't underestimate the power of a new generation realizing their parents have put them in debt servitude for essentially their whole life to pay for programs that are so great they had to give people no choice but to participate.
Many of these changes have been disasterous mistakes. Why am I supposed to embrace "change" as a concept rather than use sound judgement to determine what changes are good and which have been a mistake? The immigrants in our early history shared the Judeo-Christian values of the Western World so that assimilation costs were minimal. Now we let in people whose cultures are bound to clash with hours, turning the melting pot into the Balkins. That is not a change I am going to embrace. When I was born, America used real money, now it is pure fiat with a trillion in printing every year. Am I supposed to embrace that "change" too?
PS- We are only "powerless" to stop it so long as the globalists have a Magic Money Machine of fiat to buy off our political system. Once we, Zerohedges and many others who feel like them, find a way to unplug that machine we will get our government back. A good place to start is here, especially thge thrid pillar........ http://www.amazon.com/Localism-Philosophy-Government-Mark-Moore/dp/0692257101/ref=tmm_pap_title_0/178-8150350-9642704
Until they can adequately define progress, I happy where I am, that is, if I can't go back to how it was before we "progressed" thus far.
We have been sold this multiculturalism crap for so long, as though it were simple progress towards world piece or some such shit. Fuck everyone, every color, every creed, every religion and sex until we all become one. Look at how history has progressed thus far. In ancient civilizations the first thing conquerors did was rape and intermarry to imprint their race and their culture onto others. Sometimes it melded into something new but we look around the world and still see hate and racism. And its not enough to simply imprint, we see a real competition for cultural "share" as each group tries to dominate the others. It is only the white race and predominantly male, that is actually surrendering dominance due largely to progressive indoctrination of white guilt, winners remorse, apathy and the arrogance of success. This IS a competition regardless of how much progressives would like to eliminate any such notion.
NO ONE wants equality, unless they are less than equal, but once they approach equality, the desire MOAR. No one, be it progressives, Islamists, Christians, Blacks, Jews, or anyone else will ever be satisfied with equal parity on any field. We all want to win, to be superior, if not in wealth or power, then character. And we are told the better character is to defer, to submit to self depreciation, so to better demonstrate our superior character. Just a fucking game as old as time. AS in war, we are told to fight the heathens, but DO NOT stoop to their methods and morals, for it will make us equal to them. No we do not want to win, we want to be seen a morally superior. That is, our win is to deny victory for the sake of character. Turn the other cheek. How is it that we have seen Christian morals so completely undermined and discarded, yet find a whole new moral paradigm set upon our head that absolutely prevents us from protecting ourselves, much less seeking victory? Our new world order tells us it is superior to lose, or at least deny victory. Eliminate grades in schools, scores in sports and definitive success in business or the battlefield.
Next they will be telling us the patriotic thing to do is just shoot ourselves....for world piece, for if we refuse to do so, they may have to suicide us, for us.
Completely broken
stopthejunk1
"The world continues to change. You can embrace it....."
Why don't you do ZHers a favor and live up to you name sake by removing both yourself and your mindless platitudes from this site.
Stopthejunk1 may very well be a troll, but an echo chamber here at ZH would lead to its illegitimacy. There is a whole lot of lazy intellectualism on these threads. Different ideas and opinions are not a bad thing. Most of us post here because we inherently know things are very, very wrong. It would be the height of stupidity to dismiss a potential ally.
I understand what you're saying. But there is a difference. What made America great was not it's diversity. although we all appreciate diversity. Heck...I had dinner with Mandarin Speaking friends in Chinatown yesterday....I get it. But what made America great was what UNITED American's, not what diversified them. American's were UNITED by a love for freedom, a love for independence, a love for self accomplishment, a love for our neighbors, our friends and our churches. Bringing in foreigners who shared these same ideals was not culturally destructive....brining in foreigners who hate these ideals is destructive. So, while we would all welcome another 100 million people who shared our own values, that's not what we're getting...and the gangsters in Washington DC are tearing down those things that united this country for so long....and now....now even sowing seeds of discord among us to rip us apart, divide us into culture wars and dis-UNITE us.
When we have mulitculturalism AND everyone see themselves as American first, then maybe we have it going on. This was always the accepted paradigm of the past and as we know America is nothing but immigrants. It is when immigrants live here, work here, educate their kids here, use our resources that it has taken multiple generations to develop into what we would consider a "first world" economy, and still reject America as their home, their nationality, even their future, that we have a real problem. Past generations came to America in a rejection of their home country and many have served in our military in actions against their country of origin. They saw themselves proudly as Americans. Not so much now. They sneak in and then pretend they have been here all along, reject the English language, carry Mexican and other Central American flags in the street, and then demand recognition, not as Americans, but as a special class of citizen...all of the rights with few of the responsibilities. They kill someone they scream to the Mexican consulate for protection from our laws, the laws they defied in coming here, the laws they reject as their own.
If we are to reject our own culture for the sake of diversity, we must also reject social wealth and rights redistribution policy as to have both ensures our destruction. Open borders is not compatible with socialist policies. If we must have open borders we must be allowed to compete, no preferential set aside, affirmative action, welfare policies.
It will either be economic war or actual civil war. I choose economic, but am prepared for both.
No one is colluding to rip us apart ... times are changing and the desire to import cheap labour, whether it be centuries ago in the US or decades ago like in the EU, has turned out to be a collossal mistake.
Greed wasn't good.
You might be surprised at the effect a few immigrants can have. The population of the US went from 9 million in 1600 to less than a million in 1700. Such can be the destructive effect of a few immigrants.
That superiority complex has been fostered intentionally. To convince them to work for their occupiers! They're now sending their pensions to Wall Street. Oops.
Dunno... The Japs served up some pretty brutal 'tude in the 20's & 30's...
That was before the nuking and American interests taking control of their government. In the 20s and 30s they fell in line for the emporer, now the will fall in line for the bankster overlords.
exactly.
"game over, Japan"---"if you wish to play again, please insert another (silver) quarter".
and it begens.....
It has begun. It will spread like a virus. Through higher wage economies first.
Debt unravel.
And it ENDS is moar like it.
And I hope the end Krugman with a Samurai sword slice his head off!
Moara! Moara! Moara!
All pre-planned. As much as I like Putin,he's an NWO tool.
Step 1. Destroy the cultural, racial, social, moral, integrity of the West and its allies (Japan is the West).
Step 2. Take away America's guns.
Step 3. Complete control matrix: Economic tracking, speech tracking, real-time physical tracking, no primary sources of income or calories.
Step 4: Destroy economic system of the West.
Step 5. Replace economy with gold backed global currency... gold confiscated and or purchased at $30/oz.
Step 6: Unveil Luciferian global religion.
Viola! Mission Accomplished!
Why didnt they git 'er dunn on step 2? Preezy tried to grab the guns, but mission NOT accomplished.
Not yet it hasnt, probably wont either, but false flags are on the way to try it again.
The UN Arms Treaty took effect on Dec 24th 2014. I am fairly sure Barry signed us onto it. Or at least he was going to... Will have to look up what the final outcome was.
Presidential signatures on treaties are meaningless. The Senate has to ratify them, and the consequences to anyone (including Dems) voting for it pretty much guarantee it won't happen.
At the moment, the gun control agenda is dead in the water and then some, we're at the highest approval for personal gun ownership in decades and in the recent election (manipulated or not) the anti-gun side went down in flames, so a sudden shift is going to look odd.
If they're going to grab them any time in the next few years, it's going to have be done through some sort of false flag national emergency and not via treaties or legislation, there's simply not enough time and political capital to make it happen, not to mention a huge number of states simply won't comply.
Now if they want to make their own little NWO ecosystem, they could probably cobble one together from a few states in the northeast, but that's about the limit of it. The NWO is weak and falling apart, they've lost control and all this shit is just desperate attempts to regain it. As I mentioned in a posting last week, these are not the moves of someone who is in power and confident of their control.
I hope you are right about the NWO weakening and Gun rights not under threat. But I keep seeing my skies sprayed with heavy metal nanoparticles, and $trillions of fiat thrown into futures markets to manipulate stawks up and PMs down. The bastards still appear to be in charge and can cause a lot more harm if they want to.
You are absolutely correct that the recent election will pressure them not to ratify this treaty just like it pressured Republicans to stop funding for Obamacare and Obamagration and prevent any kind of repeat of the Wall Street bailouts.
Wait, what?
Oh I see. Yes, we are screwed.
Edit: In regards to an NWO ecosystem in the Northeast, we already have precedent on that. It will be necessary for the rest of the states in the Union to declare war and conquer the northeast so the Union may be preserved. What comes around, goes around. Plus, I don't want to move and cannot take the rest of them alone so I'm gonna need all your help.
They don't have to ratify shit. Like everything else they just start doing it...slowly at first and then by the time we actually feel it, law suites may or may not be filed against it. If it is enforced, regardless of congress doing anything, it becomes law by means of precedent. And given the luck we have had with SCOTUS, here is no certainty it would be rejected if it ever did make it to them. They seem to defer to the executive branch for their interpretations. There is no law but that which THEY decide necessary to advance their agenda.
It isn't a very big step from people lining up to see "The Interview" because they support freedom to people lining up to turn in their guns and gold because they support freedom.
Freedom is just another word for nothing left to lose - never more true in Amerika.
Suicide is patriotism if you are a white male.
Ive been sayin all leaders are NWO tools. Putin is no diff. They all sold out to lucifer and the $$$$$, which is the root of all evil.
A different perspective might change your perceptions.
Not. Gonna. Happen.
But you do have the tin foil talking points koolaid script down pat. ;-)
The idea that Putin is an "NWO tool" is almost as absurd as the term 'NWO' - which like "Illuminati" and "Luciferian" is designed to get people to chase ghosts rather than look at the neocons, banksters, and other militarists who are trying to create a 1,000 year anglo-american-zionist reich.
Whatever Putin's flaws... being on the same side as London/Washington/Tel Aviv is manifestly not one of them.
Like you said, ignore the bankers for whom the neocons work.
Nobody taking anyone's guns round here....unless they want the lead returned first.
RE
LOL
BTW, replace "Japan" with the "US" in about 5-10 years.
Abe, Paul. Paul, Abe. It makes no difference.
Increasing levels of debt along with an aging population has to equal falling demand. Of course 2008's little "speed bump" did more to crush demand than anything. But it was already game over then after a decade plus of credit fueled GDP.............
Poor Japan.
I remember when everyone thought they would buy up the world.
But their politicians are in the US back pocket. And maybe with such a high population of old people, there are too many worn out brains over
there that can't recognized how they're being shafted . . . for decades.
Just wait until the Japanese discover that our pledges to them V China are only as good as our pledges to Saudi V Iran.
I hope the Japs ask for a certain Dr. Krugman's head.
Krugman says Japan (the U.S.) wasn't and isn't printing enough. Always one excuse or another for Keynesian failures.
But did the Pathetic Paul Krugman say the money that was printed go to the right people?
When you print fiat (versus money) there are no right people to which it should go. It just doesn't matter. It will bite no matter which hand holds it.
I would be willing to chip in for a really nice Tanto blade so Krugman can take the honorable path of Seppuku.
Of course he will not even admit that he could be even remotely wrong, so we know it will never happen. There is no honor amongst economists, only more graphs and statistics that prove they are right...in theory.
Yeah but this means it can only get better from here....
/s
This is a good preview for coming attractions in the US. After we all weep and gnash our teeth enough, the Fedcoats will 'solve' all our problems with a new global currency and government. By then, our remaining freedoms will seem like a fair trade for that shiny new government/currency.
A bond market crash is not far behind. Who wants to hold Japanese bonds with near zero rates and a currency depreciating at a few percent a week?
Yes, the Japanese Central Bank is buying but it can buy all new issuance but not all existing bonds. The Central Banks are naked even though they seem to have convinced investors of their omnipotence. All Western fiat currencies look primed for a fall as the Yen collapses and unravels the entire ponzi fiat of the West.
All rainbows and Skittles in your world huh?
Unfortunately he is correct. The Mother of All Bubbles is the bond bubble.
The bond market won't implode- it will simply become a direct monetization of new and rolled over debt- the BOJ will end up holding all of the bonds. This was always the endpoint- the only question is when it would arrive. In Japan, that moment is now. In essence, Japan's governent will be issuing 0% bills called "Yen". At some point, the people of Japan will simply stop using it. The entire process is a way for governments to loot the wealth of their citizens. Think about it- when you hold the bond, you have an expectation that the government will redeem it with value, but when your bond has been replaced with a currency note, the obligation of the government no longer has any standing- you start blaming your fellow citizens for not taking your worthless script.
I don't know how docile the Japanese people of today are, but when the Yen hits the shitter, the government won't simply give up- it will start shaking its people down for whatever has value on the global market. I won't discount the possibility of a very bloody showdown over that.
Agreed. It looks like the smart money is moving to these state bonds because a fiat reset would ensure that these debt currencies would have a first turn preferential treatment. Bank accounts, given they are actually loans from teh depositor to the banks would be second to sovereign debt. Those in power ultimately will fuck the bankers or anyone else to stay in power and they cannot stay in power if the shit paper they write is actually no good.
As stocks continue to climb, I assume this reflects buying. Who's buying, and with what? And who's selling and where is that cash going? I can't imagine the stock market is climbing without fresh capital coming in and if the Fed is actually out for now, that means its private investors and big retirement funds that absolutely have to show yield. Obviously there is a lot I don't know about this and the devil is always in the details but just on the surface, this is the only thing that makes sense. Why else would so many be buying debt that has shit return unless it has an undeniable security.
The market is ramped for more than just making Obama look good, as that aspect really hasn't happened. It has to be to suck in the money on the sidelines, who just can stand to see these type of gains compared to anything else. Bidding up the prices of worthless scraps of paper that NO ONE will back or guarantee, and traded the inflated dollars for ZIRP sovereign debt.
Another kink in a chain getting pulled hard at both ends.
This isn't the end -- but it does bring it about that much sooner.
No one knows the date or time or what will set off the grand finale. What we know is this;
1) its coming
2) sooner than 99% of the world expects
3) longer than 99% of us who expect it to come expect
Start uncensoring their Anime porn, and export it to the fap addicted US.
fixed.
Bullish! BTFATH. Yen Carry Trave 4EVAH
As US mkts break to highs.
Yep, if it wasn't for all this bad news, the Nikkei would be up 3 percent instead of just the 1
The Nikkei is not a stock market. It is a derivative of the Yen. If you want to know where the Nikkei is at just look at the Yen/dollar.
Abenomics is no different than Fed interference in U.S. credit markets. An analogy about cheap credit helps...
http://www.globaldeflationnews.com/jaguar-inflation-a-laymans-explanatio...
Good article.
When the level of credit and gambling on credit was exposed, it was already over.
Kick the can gets you ten years, maybe.
https://www.youtube.com/watch?v=u1ZB_rGFyeU
Ok Go.
Makes me think of the Japanese. From a good financial perspective.
Lyric hook "I won't let you down"
edit: Amazing video clip. Amazing people.
A very expensive Honda commercial
True that. But regardless, if the japanese can hold their society together like they do in the video clip, a catastrophic economic collapse will be quite manageable, if not tedious, for them.
Its a video clip featuring well-paid and highly-orchestrated professionals. Do not draw conclusions about the manageability of the average person during economic collapse from this or similar videos. There will be unrest in Japan before this is over. It's in their blood despite generations of government-induced cultural pacification.
It's in their blood? Unrest? I doubt it. I would say the opposite. Today, so long as a person gets 3 square meals a day, has an income of some sort, and has a computer & tv for entertainment there is unlikely to be anything but trivial or inconsequential demonstrations. That is why people can do QE, for christ's sake!!! No one gives a toss apart for ZH and the lunatic fringe. If there were going to be demonstrations or unrest, there would already have been demonstrations or unrest.
"ZH and the lunatic fringe"? Can you draw a Venn diagram please?
https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rj...
You get all excited because of the precision of a group of paid performers in an ad aimed at Western markets, claiming it represents the entire culture (those weren't just a bunch of high school girls recruited a week before that ad was made) and now claim their culture is no different from America's. Pick one or the other.
The issue is more complex than you think. And so is Japan's culture. Do not be surprised if things do not turn out like you think. The Asian mind can not be understood by the Western mind. Perhaps the opposite is true as well.
The video clip (hardly an ad, except for the band itself) was related to an idea I have had for a long time. That the age of technology has ushered in weak responses to non-trivial matters.
Contrary to what some might say, I think there is a certain apathy about causes that eventuates from having the internet. Sure, some might digitally sign an Avaaz cause, but beyond meaningless clicking, are people really going to get up en masse and protest in such an organized way that political change takes place? Further, political change doesn't seem to be enough to result in major policy change regarding economic matters such as excessive debt.
I don't believe anything exceptional will happen even if financial matters such as debt load causes economic collapse. It will be short lived, and the Japanese population, like all populations with heavy internet penetration, will muddle through it spending most of their time watching internet videos or reading things, rather than carrying out actions. And the Japanese in particular seem too polite and deferential to be disruptive. Just my 2 cents.
It is part of a Honda marketing campaign. The band lucked out.
The Japanese are quite polite...to foreign eyes. And they are certainly marketed to the world in this manner by the government-controlled media (NHK), and various government agencies peddling manga and anime, AKB48 and Miku Hatsune and lolita maids to the West, and by private economic interests from Japan.
But they do not see themselves as polite. They rather see themselves as respectful - a mix of Buddhism/Confucianism with a unique Japanese flavor - which foreigners might think of as "polite and deferential." While they have little problems arguing among themselves, no self-respecting Japanese would do anything to disrespect the nation in front of the world. Nor would they do anything to disrespect you, regardless how they feel about you personally. It is relatively easy to make friends for a day in Japan, it takes hard work to create long-term friendships.
There is another side beyond their carefully crafted and protected polite public persona. Understand the difference between honne and tatemae, very central elements of a long-lived culture.
As for the effect of the internet in a closed culture, it is a double-edged sword for both the population and the government.
.
“Households are suffering from a decline in real income,” said Hiromichi Shirakawa, an economist at Credit Suisse Group AG who used to work at the Bank of Japan."
Right, so the problem is the decline in income. Of course, raising taxes, creating historic debt, and destroying the currency had nothing to do with it.
Gov't seeks quick boost for regional economies with Y3.5 tril stimulus package
KEPCO applies for 10.23% rate hike (KEPCO is the TEPCO of the Osaka-Kyoto-Kobe region)
Long mushroom clouds on the horizon.
Queueing up "We'll Meet Again":
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&...
The last easing was a mistake it's kept JGB too low and could make the BOJ unable to support the yen if needed. without crashing JGB.
Before at least if JGB crashed they could have stepped in to buy, but now if
yen weakens too much and they want to support it they can only
1) sell treasuries or use USD swap lines which may cause panic selling in JGB any way
2) they can reduce QE ( stop buyng JGB which will cause collapse.
So while Abe thought he was a genious to force BOJ to increase JGB buying, really he just left them no room to move in case of currency issue.
So it's just a matter of time before they blow unless US wants to collapse
first which I am pretty sure they don't
WELCOME... To Obamaville. Coming to families in the U.S. near you.
Hope n frick'n Change, peoples!!!!
Where do you charge your obamaPhone when you live in a tent?
Obamaville??? Have you been living under a rock for the last 40 plus years? Obama was not even ten years old when this global financialization plan was put into place. Let me guess, you think Barney Frank is responsible for the US mortgage market meltdown, right? Plus the mortgage meltdowns in Japan, Ireland, France, Spain, Italy, etc... Stop being intellectually lazy.
Intellectually lazy is not recognizing that leftists are going all out socialism and have been since the 1930s or earlier. Every once in a while a HUGE leap with The Great Society, ObamaCare, and such. Obama and his socialist compatriots are the ultimate end point to their dream. We have the dream socialist as president now. And any criticism of His policies are.. wait for it... racist!
Yes, welcome to Obamville - the socialist utopia of full government control, massive government dependance, a shrinking economy, and fewer real (non-tax payer funded) jobs.
There must be a lot of room under that rock. You obviously don't understand the problem therefore, you will not be part of the solution. Leftists??? That is who you have a hard on for? My god man!
Yes, there must be a LOT of room as so many others (based on your thumbs up/down) are here with me. Please put down your hallucinogenic drugs and back away from the keyboard until you start thinking clearly.
That's a dumb argument. Who cares how old he was when those plans were put in place, he still following the plan
Yellen wasn't even born when the plan of the Fed was started in 1913 yet she heads it and is following the plan. The old Obozo wasn't born yet argument is just typical leftard hand waving to deflect criticism from their savior.
Bullshit!!! You know damn well that comment is tribal bullshit. It has nothing to do with the FED or the financialization of the global economy, but instead because Obama happens the be a democrat, leftist, socialist, communist, Maoist, etc...
Yes, Obama is following the plan to the letter. He is doing the bidding of his financial masters justice like his predecessors, including those with an R next to their name.
Krugstain should have his intestines ripped out and his ass tossed into a pit of hyenas.
Dont try it, the hyena's would throw them back at you
Japan is a still-militarily-occupied vassal of the US.
the U.S. still had a $56 billion deficit with Japan in the first 10 months of 2014, U.S. government data show.
Surely
cheapening the Yen and continuing to import fiat US dollars
benefits somebody.
"Japan is a still-militarily-occupied vassal of the US."
Anybody that goes around publicly lamenting pax americana has not read much history.
Their CB is openly monetising/buying ALL gov debt, they have declinig wages and tax base, and they are now spending down decades of savings without adding anything new to the pile, and the collapsing and old population.
Yeah, that's about it for them. They are, literally, running out of money.
Printing doesn't equal prosperity? WTF?!? I have been lied to.
So somebody explain to me how it is that the YEN is not already collapsing? Or shouldn't be in free fall already. Say all you want about the US, UK and Europe, but Japan is pretty far ahead of the the rest on the destruction curve.
Abe pretty much told us on Halloween that the Japanese do not even want to hold Yen, or Yen denominated assets. Who, in their right mind, would exchange their US dollar right now for YEN? If you are a foreign company doing business in Japan, you pretty much have to be writing contracts and settling up in US dollars, or anything else really, just not YEN.
They do trade with China (thier neighbor), they might be givin an opportunity to trade Yuan soon...
demographics and geography always win in the end.
The US is highly invested in not losing Japan and South Korea to an Asian-centric economy dominated by China/Russia. In a normal world, the 1.2 billion potential consumers in China and the vast natural resources in Russia would already have been highly exploited by the economic interests of Japan and South Korea. American interests continue to provide the wedge to prevent that.
These two countries will be sacrificed to maintain American dominance.
"These two countries will be sacrificed to maintain American dominance."
Well if you live in Asia, thank your lucky stars for that. The Pacific peoples did not fare too well under Japanese dominance.
Nor did the Chinese under British rule nor the Filipinos under US rule. But that was a long time ago, wasn't it? Japan went too far in Asia, to be sure. Japan's biggest mistake was thinking it would be accepted as full-blooded Westerners. At the time, colonization was the Western way. Japan just got to the party late, right before the cops showed up.
The Yen is the weakest it's been in ten years. It has crashed.
EUrope : done
USA: done
Japan : done
next : Russia & China
The tribe is doing a good job!
Krugman would say this is all transitory.
Russian debt to gdp is 13% so they can handle rate rise
yet they have lower rating than Japan 240%