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Princes Of The Yen - How Central Banks 'Transformed' Japan's Economy

Tyler Durden's picture




 

“Princes of the Yen” reveals how Japanese society was transformed to suit the agenda and desire of powerful interest groups, and how citizens were kept entirely in the dark about this.

Based on a book by Professor Richard Werner, a visiting researcher at the Bank of Japan during the 90s crash, during which the stock market dropped by 80% and house prices by up to 84%. The film uncovers the real cause of this extraordinary period in recent Japanese history.

Making extensive use of archival footage and TV appearances of Richard Werner from the time, the viewer is guided to a new understanding of what makes the world tick. And discovers that what happened in Japan almost 25 years ago is again repeating itself in Europe. To understand how, why and by whom, watch this film.

“Princes of the Yen” is an unprecedented challenge to today’s dominant ideological belief system, and the control levers that underpin it. Piece by piece, reality is deconstructed to reveal the world as it is, not as those in power would like us to believe that it is.

“Because only power that is hidden is power that endures.”

 

Grab your popcorn and settle in...

h/t M.O.

 

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Sat, 01/10/2015 - 21:17 | 5647104 booboo
booboo's picture

It's a great Doc and worth the time, really shows how how tptb take over and enslave sovereign nations.
To quote a blurb in the video, " the way to create a crisis is to create a bubble, that way no one complains"

Sat, 01/10/2015 - 21:17 | 5647107 q99x2
q99x2's picture

I was doing my homework and now I have to watch this. These central bankers are likely the same ones behind the transgender movement and the destruction of the family. I want to know how they get people to cut off their testicles.

Sat, 01/10/2015 - 21:32 | 5647138 Skateboarder
Skateboarder's picture

PCP.

Sat, 01/10/2015 - 21:51 | 5647178 maskone909
maskone909's picture

Hours and hours of windy williams and kardashians.

Sat, 01/10/2015 - 22:46 | 5647316 daveO
daveO's picture

Oh, oh let me field this one! Even if you are just kidding, I can't resist.

Twelve+ years in a state supported school that tells men, especially white goy men, that they are a disease. Then the bank supported (via perpetual deficits) gov. offers a solution! Hallelujah!

 http://www.thedailybeast.com/articles/2014/08/25/obamacare-now-pays-for-...

Sun, 01/11/2015 - 19:30 | 5649527 layman_please
layman_please's picture

Talking about cutting off testicles - Swedish SVT children TV show Bacillakuten is very anti-transgender, as one of their video clip's protagonists are dick and pussy. 

https://www.youtube.com/watch?v=8Wp9iNINHMc

Sat, 01/10/2015 - 21:31 | 5647140 SickDollar
SickDollar's picture

better than HBO ,CINEMAX, and showtime combined , welcome to ZH theater where real info still matter

indeed grab the popcorn Bitchez and fuck playoff football

 

Sat, 01/10/2015 - 21:39 | 5647152 goldhedge
goldhedge's picture

Harry Mr Fuckin Keery!

 

Sat, 01/10/2015 - 21:49 | 5647176 Bunga Bunga
Bunga Bunga's picture

Central banks are controlled by the IMF (the documentation claims the IMF has even an office in the BoJ) which is a lobby group of the big industrial nations:

https://www.imf.org/external/np/sec/memdir/members.aspx

 

Former Tanzanian President Julius Nyerere famously questioned, "Who elected the IMF to be the ministry of finance for every country in the world?" and therefore described it as the International Ministry of Finance.

 

 

Sat, 01/10/2015 - 21:54 | 5647191 kchrisc
kchrisc's picture

"Who elected the IMF to be the ministry of finance for every country in the world?"

Zion.

The banksters need to repay us.

Sat, 01/10/2015 - 21:53 | 5647184 kchrisc
kchrisc's picture

Japan since 1989 is literally Keynesianism, and fraudulent-reserve banking, in a nutshell.

Rich to poor in a generation.

And does anyone want to recon where their wealth ended up? Hint: Same place ours, the American people's, has gone.

The banksters need to repay us.

Sun, 01/11/2015 - 07:22 | 5647845 oudinot
oudinot's picture

It's,' neo-Keynesian', not 'Keynesian'

Sat, 01/10/2015 - 22:11 | 5647239 NubianSundance
NubianSundance's picture

If 1984 is required reading for students this film should be required viewing too, it lucidly annihilates the fantasy that The US is a force for good in the world.

Sat, 01/10/2015 - 22:31 | 5647290 BullyBearish
BullyBearish's picture

Watch it twice to visualize how the NWO works...

Sat, 01/10/2015 - 22:53 | 5647330 Bro of the Sorr...
Bro of the Sorrowful Figure's picture

similar recent corbett report with china as the focus

 

https://www.youtube.com/watch?v=5M1KD7Dnq4s

Sat, 01/10/2015 - 22:59 | 5647345 q99x2
q99x2's picture

Great video. Now I'm going to have to do my homework just in time.

Sat, 01/10/2015 - 23:04 | 5647350 Treason Season
Treason Season's picture

Boring, nothing new

Sat, 01/10/2015 - 23:07 | 5647365 Soul Glow
Soul Glow's picture

Good movie.

Sat, 01/10/2015 - 23:29 | 5647410 Hamm Jamm
Hamm Jamm's picture

YOU will alway be a DEBT SLAVE  !

they are in every country

they control your FAKE leaders  PutinObamaMerkel

they will create your FAKE WARS

they make the script

and you will BELIEVE IT !!!!!!

 

IDIOTS !

 

Sun, 01/11/2015 - 00:00 | 5647463 Reaper
Reaper's picture

Trust in independent or unaccountable government, central banks, judges or any other controlling entity is for fools.

To paraphrase: Trust corrupts. Absolute trust corrupts absolutely. There is no worse heresy than to trust Central Banks.

Sun, 01/11/2015 - 00:07 | 5647475 q99x2
q99x2's picture

That was a long video. Would want to be a central banker at this time. Man are they going to end up on the wrong side of WWIII.

Sun, 01/11/2015 - 00:08 | 5647477 Peconic Bay
Peconic Bay's picture

This film ommits important historical infomation about the role of Japan's barriers to imports and the role of the Plaza Accord in 1987 to weaken the US dollar.  As the Yen increased in value against the dollar, the BoJ lowered rates that resulted in a flood of money into stocks and real estate. When they finally put the brakes on, it was way too late.  Richard Werner is basically a Keynsian that favors QE-money printing over structural reform. I wouldn't applaud too loudly for him.

Sun, 01/11/2015 - 05:11 | 5647769 Bioscale
Bioscale's picture

The zionist central banks never do things like "too late". It's always part of the plan. They are not stupid. They may claim some official policy bullshit, but that is always just smoke and mirrors.

Sun, 01/11/2015 - 07:00 | 5647828 piliage
piliage's picture

Richard Werner is basically a Keynsian that favors QE-money printing over structural reform

That's very disingenuous. He favoured QE in the 90s specifically in the case of Japan to offload bad debts from Zombie banks, instead they issued public debt to pay for private debt and continue the ponzy asset inflation. This is not what his theory and research advocate.

To the contrary, he is 100% anti-wall street, anti IMF, anti EU Central Bank. He is completely against the stranglehold that the banking sector has over governments, and wants to regulate that power away.    

If you read his books, he wants to restructure and remove the ability of private banks to create money via debt, and move the power of money creation back to the elected government. He strongly advocates regulation that doesn't allow banks to create asset bubbles through non-GDP asset inflation, in other words, he wants old-school lending to productive generating GDP growth ONLY - even if that needs to be mandated by law and regualtion (ie controlled by the people, in other words, elected officials).

Frankly, there is a lot to like about Werner.

 

 

Sun, 01/11/2015 - 07:24 | 5647847 oudinot
oudinot's picture

It is , 'neo-Keynesian', not 'Keynesian'.

Sun, 01/11/2015 - 00:14 | 5647494 bugs_
bugs_'s picture

Shoguns of Yen

Sun, 01/11/2015 - 01:51 | 5647645 ninja247
ninja247's picture

excellent doc

Sun, 01/11/2015 - 02:31 | 5647685 PrayingMantis
PrayingMantis's picture

 

 

... when you're done watching Princes of the Yen, set your sights to this documentary >>> http://topdocumentaryfilms.com/the-rape-of-nanking/ ... might give you an insight perhaps on why China would love to see this nippon island nation commit harakiri ...

Sun, 01/11/2015 - 04:04 | 5647737 mijev
mijev's picture

A couple of years back I banged a chinese girl in nanjing and it was pretty obvious from her looks she had some japanese genes in her. Hot hot hot. And the last time I arrived in China, I got into the taxi and the driver asked where I came from and i told him I just flew from japan. He said, "I don't like japanese."

Mon, 01/12/2015 - 00:17 | 5650323 PrayingMantis
PrayingMantis's picture

 

 

... >>> "I banged a chinese girl in nanjing" ...

 

... I'd bet you ate her too ...

 

>>> ... it says here ... https://en.wikipedia.org/wiki/Japanese_war_crimes ...  "Many written reports and testimonies collected by the Australian War Crimes Section of the Tokyo tribunal, and investigated by prosecutor William Webb (the future Judge-in-Chief), indicate that Japanese personnel in many parts of Asia and the Pacific committed acts of cannibalism against Allied prisoners of war."

Sun, 01/11/2015 - 04:37 | 5647751 aleph0
aleph0's picture

Great Documentary - have recommended watching it many times .

Sun, 01/11/2015 - 05:56 | 5647778 Apostle of Unknown
Apostle of Unknown's picture

Isn't he one of the "beautiful minds" who have helped bring Japan to where it is now? You know, spending 20 years seeking salvation in monetary trickery, as opposed to dealing with the real problems of Japanese companies and bureaucracies. 

Sun, 01/11/2015 - 09:55 | 5648010 piliage
piliage's picture

No. He was against the takeover of the Bank of Japan by Wall Street. He was also against the takeover of Asian banks by the IMF (ie Wall Street). He also is very much against the EU Central Bank due to its lack of accountability.

People only read his bio and see the letters "QE" and then don't read any further. They don't understand that his idea was to use public money to pay off debt and then take back control of the currency from the private banks, not use QE to issue public money to invest in private debt to keep the debt ponzy alive.

He is against the power of the private banks to control currency through ponzy debt. He doesn't drink the Goldman Sachs Kool-Aid.

 

 

Sun, 01/11/2015 - 11:30 | 5648208 Catalonia
Catalonia's picture

The parasite grows and the host weakens.  

Sun, 01/11/2015 - 19:40 | 5649575 The Most Intere...
The Most Interesting Frog in the World's picture

This guy is a Keynesian, period.  Japan started to make the hard decisions that needed to be made, but chickened out in the end and made matters worse.  Keynesian fails to see beyond one or max two generations.  After that, the debt becomes unmanageble and all future generations are the equivalent of the last to the Ponzi party, or are left without a chair when the music stops.

Well done, and glad I viewed, but this guy may as well be Krugman.

Sun, 01/11/2015 - 22:26 | 5650030 fibonacci's claus
fibonacci's claus's picture

so no credit creation for main st u.s.a until obama's iron fisted "structural reform" "hope and change" is complete?!?!?!?!?!

boehner and mCconnell and all the other rhino repubs just go along to get along and committ treason toward their constituents until the federal reserve and bankers at the imf and world bank get the taxes from the public via obamacare...  like the xl pipeline is moar important to the u.s economy than getting rid of obamacare?!?!?!?!

and now the irs is the enforcement arm of the "structure reform" and "hope and change" ?!!?!?!?!?!!???

i think i will speak for americans like they always do and say i they can eat shiite and die

snarky sarc

Mon, 01/12/2015 - 12:19 | 5651453 JenkinsLane
JenkinsLane's picture

Shit documentary, don't waste your time.

Thu, 01/15/2015 - 13:57 | 5665640 MEFOBILLS
MEFOBILLS's picture

BOJ used Credit windows to issue Credit into channels.  The channels were into industry, which is why they competed for market share.

This tiny island produced much of the worlds finished good. 

The Plaza Accords were because Japan was kicking the worlds ass.

 

So, BOJ probably under orders from BIS told them to create a bubble and convert the economy to "bond debts" that are not directed.  Additionally, the debt instruments are to grow and make slaves to financial oligarchs.

 

Most of the comments here completely miss the directed credit and credit windows.  This is the secret sauce and main point of the movie.

 

Austrians have no counter to this, as their ideas are basically part of the money power dialectic.  They don't want nations having their own sovereign money. 

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