If you have been following along, you might remember the note we made in July about not every country willing to go along with the western agenda on energy reduction, climate change, and raising interest rates to shrink their economy down to the scale of diminished energy development {Go Deep}.
In addition to Russia, China, Iran, Brazil, South Africa, Argentina and India vociferously retaining their own economic and monetary independence, Mexican President AMLO literally blasted the program while visiting the White House and the Bank of Japan refused to join the mantra to raise interest rates. Essentially, all of the aforementioned nations see the collective Build Back Better program for what it is, a path to poverty.
As a result of their non-compliance with the global bankers, which, not coincidentally I would point out, coincided with the assassination of Shinzo Abe, the government of Japan has been getting blasted by the proverbial ‘west’ (U.S, Canada, U.K, Europe and Australia).
Japan is attempting to deal with inflation by focusing on increasing energy production and security (the supply side); while the rest of the western group have been chasing the false promise of decreased inflation by lowering the demand side, ie. pretending not to know their energy policy is creating the increases in costs.
As a result of the distinctly different monetary approaches, the financial system has been trying to punish Japan and the financial media have been trying to point out every flaw in the Japanese economy as a result of their noncompliance. However, as you will see in this Reuters article, the July inflation within Japan is moderating. Inflation in Japan is 2.4% for July (year over year).
TOKYO, Aug 19 (Reuters) – Japan’s core consumer inflation accelerated in July to its fastest in seven-and-a-half years, driven by fuel and raw material prices and adding to the costs of living for households yet to see significant wage gains.
In a sign of broadening price pressure, the so-called “core core” index that strips away not just the impact of volatile fresh food but energy prices, also rose in July at the fastest annual pace in more than six years.
While inflation exceeded its 2% target for four straight months, the Bank of Japan (BOJ) is likely to remain an outlier in keeping monetary conditions ultra-loose with price rises still modest compared with other major economies.
“Food prices and a weak yen were the main culprits behind accelerating inflation,” said Yoshimasa Maruyama, chief market economist at SMBC Nikko Securities, adding that he expects core consumer inflation to reach 3% this year. (read more)
It is funny to see Reuters put out a *shock* styled article for 2.4% core inflation. In the U.S. Joe Biden would be celebrating 2.4% inflation right now; however, his energy policy is driving that CORE inflation number well beyond 6%.
Japan is still in a tough place with increasing prices for their citizens, but it is nowhere near the scale of Europe and North America.
While their currency is suffering from not following the western agenda, they have several upsides. First, exports from Japan to the United States and the EU now become even cheaper. With a higher dollar value, Japanese imports into the United States come at a discount. This will help Japan export goods and retain a strong export economy.
Second, with Japan already a massive investor inside the United States, the dollars that are generated in profit from their operations are delivered back to Japan at a higher value. A higher dollar value, the outcome of their breaking from the western central bank decision to raise rates, does not hurt Japan. They bring back high valued dollars from their decades in investment into North America, and they continue exporting to the U.S. at a discount.
So, the nationalist outlooks of Japan, Brazil and even our Mexican neighbors are reflecting a pragmatic self-interest that so far has withstood the pressures from the western alliance to fall into line. This is how those three countries are positioned to push back against the insufferable BBB agenda.
We can use the example of those western industrialized nations to show that not everyone is in alignment with this globalist multinational finance and corporate takeover.
Congratulations Japan.
You are so smart to not fall for the fake BS.
They also handled COVID differently than the WEF(and G7) overlords.
I’ve always excluded Japan from my wrath when talking about how facist the G7 is.
The only reason Japan didn’t lockdown fully was because their Constitution literally prevents the govt from stopping commerce for any reason. Many people voluntarily locked down and Japan still heavily pushed vaccinations and restricted travel.
Also at a certain point there health minister reccomended Ivermectin.
Anyone know what their policy is on medications requiring a Dr’s Rx?
As I pointed out, all the WEF countries, Drs Rx required.
All the non WEF, none required.
Ivermectin is actually from Japan. Considered a miracle drug.
And they were in masks long before Fauci funded the virus.
They wear masks for allergies. They also think it’s impolite to sneeze in people’s faces when you’re sick. They don’t mandate masks for anyone, and of course, masks don’t work any better for the Japanese than they do for anyone else.
Japan never mandated clot shots or masks. It’s not in their nature. Their scientists also raised holy hell over the massive impurities they found in the clot shot goop.
Maybe they didn’t actually mandate these things but there was no doubt it was expected. Plenty of signs everywhere such as, ‘Don’t forget to follow mask use in community settings!’
Comments such as the following explain the peer pressure experienced.
“People will stare at you,” Yanagihara, 33, said, explaining why she did not dare take off her mask. “There is that pressure.”
A government survey in May found that close to 80% of people working in offices or enrolled in school wear masks and about 90% do so when using public transit. Movie theaters, sports stadiums and shopping malls continue to request that visitors wear masks, and for the most part, people comply.
In Japan children are taught to act for the collective benefit.
Social conformity and a fear of public shaming is instilled from the youngest ages so mandating masks & vaccines was never needed anyway.
Japan is still Japanese. They have a different set of Overlords than we do. Ours hate us and want to destroy us
Ours had a pretty hard go at theirs too.
The Aryans of the Pacific Wall St financed National Socialist Adolf Hitler called them. My forefathers who were vets in WWII in the Pacific hated them for the things they did during the war.
Combat wounded & Malaria. I had some killed in action in Europe, Bastogne. My family and Heritage America sacrificed for this nation and this is our reward. Ron Paul used to say Audit the Fed, imagine if an honest audit was done of this Ukraine Aid grift and where it really went?
Hate is a very underestimated emotion. Slainte friend
I would replace the word “Overlords” in your post with the word “Values.”
I retired from a Japanese auto maker. They’re all in.
Oh what a feeling.
hiijack: All in on what?
Covid, ESG, climate change, LGBTQ, EV (mobility), Woven City, you name it.
Had a ball there my last 6 months with HR.
hilljack: I can imagine.
Ahh… the Evil Empire… the buildings on 182nd street are still empty. They all moved to Texas.
But just south, on Van Ness, Soichiro’s tree stands tall at the steps of the main building, but everybody is working remotely.
Few years back that gave us all a card the Japanese use for company values or something like that. About 10 different things to pledge. #10 was ‘We love Toyota’. A bit of a stretch for most of us but in Japan that is normal. Hell they’ve had guys work themselves to death over there. Nice folks for the most part but they look down on us. They believe they are superior but I had no problem with their nationalism. Look them straight in the eyes and they knew you weren’t backing down and you got their respect. Smoked cigs like a freight train going upgrade. Maybe some of those older guys over there are the ones fighting back over this.
hilljack, I respect your views, but I have daily high-level exposure to large Japanese technology firms and my experience is very different from yours:
Covid: their responses have been very pragmatic and without fear porn. Very few mandates.
ESG: the publicly-traded companies give a lot of lip service to ESG in their websites and annual reports but, again, the real responses are mostly pragmatic
Climate Change: other than shuttering many of their nuclear power plants post-Fukushima, Japan like Taiwan, are quite aware of their need for abundant imported energy and strive to insure ample power.
LGBTQ: not really a big issue in JPN.
EV: CEO of Toyota America had an article in today’s WSJ stating that Toyota was not “all-in” on EV and would be taking a measured approach.
Japanese automakers like Toyota have to play along with the ESG nonsense in the US side of their operations, they have huge manufacturing and public presence in the US.
It would be fascinating to see how they handle the negative effects of ESG quotas internally.
American (UAW) automakers have a history of profound dysfunctions and product quality problems related to combined EEO and UAW quotas. Blamed on everything but these root causes.
I wish more people would start talking about what ESG really is. It’s just Communism. It’s a way to shut down industry and destroy western economies. That way the Communists can achieve their fever dream of building a Communist society from the ashes like a phoenix.
I profoundly hope that Japan will not cooperate with the WEF effort to eliminate gas powered cars. They would be shooting themselves in the foot if they did. We all know the push for forcing EV’s down everyone’s throat is not so much to benefit “The Climate” (because it doesn’t) but to benefit China, since China has a monopoly on the metals needed to produce the batteries, etc. Japan would be participating in their own ruin if they work toward making China more powerful. If it becomes a contest between American consumers preferring Japanese gas powered cars vs Detroit’s EV’s, it’s a no-brainer who wins that one.
IIRC, Japans health minister also publically reccomended Ivermectin, 6-8 mos. ago.
I don’t know what Japans approach is to “Dr.’s Rx. only” meds, but I know if you made a map of the World in which countries that have the U.S. type system where there are OTC’s, Drs Rx only are yellow, and countries like Mexico that are its ALL OTC, it would look amazingly like the map Sundance has above.
I don’t think thats a coincidence; control of central banks equates with control of “health care”?
Ivermectin is derived from a soil organism found first and only in Japan.
Only just that they wisely take advantage of it.
I would think just about all standard meds would be OTC in Japan. After all, one can buy beer and even whisky from vending machines.
Thanks, I would suspect so, based on the cultural respect for “traditional treatments”.
I know Thailand has no restrictions, India, everything South of our border.
Nobody had “Drs Rx only” until the FDA, in 1915. And look how, and WHERE it spread.
All the yellow countries have it, and while I don’t know about China, MOST of the grey countries, don’t.
In MX, ypu need a scrip for antibiotics and opiates, and that last one is bizarre.
Smart. I wish we had some smart- or non scumbag reps here to tell the masses about the reality of BBB.
Can’t say with any certainty but Japan likely has far less government corruption and far fewer politicians in China’s pocket.
China is working hard to distort their politics as hard as they are ours.
BLM style ethnic agitation is a Chinese specialty and they are playing it to the hilt over there, especially between Japan and Korea.
I do hope and pray for them though, I love the people.
The Rhodesian to Zimbabwe sadly for the courageous Rhodesians was the test run for BBB. South Africa is example number 2. Critical Race Theory & Affirmative Action etc Its hell. Baltimore is not far behind
We need a parallel banking system.
A parallel banking system already exists in the Middle East.
Middle Eastern banks are flush with oil money. The Western globalist banks have always wanted this money.
This is why the powerful American/globalist banking industry has always supported the wars in the Middle East.
We need a parallel banking system in the United States, and the beginnings of this is already happening in the small, local banks that President Trump’s changes to the regulations made possible.
As a first step, perhaps we should follow the advice of Ron Paul and shut down the Fed?
First though, the GFed needs to be audited. It has never been audited.
Just get rid of capital gains on Constitutional money.
Much easier.
SO, SO much more than this! You can’t just shut it down…There needs to be a plan for what replaces it.
Banking wasn’t all lollipops and roses, not even under a “gold standard”. Will require huge thought and planning.
I think we should first establish state banks, like the one in N. Dakota, at the state level, one after the other. It serves as a fed for the state, and contributes mightily to state solvency.
So start working on state banks first, THEN get rid of the fed. A state bank can issue its own currency, to bridge the gap.
I’m not a fan of the Ellen Brown model, because it has a lot of socialistic crap in it, but Marilyn Barnewall has the best model.
https://newswithviews.com/Barnewall/marilyn171.htm
The biggest issue Republicans could do under the next Trump administration is gut the monopoly over credit payment processing held by Mastercard and VISA. The Deep State is using those two companies as their last resort in dealing with any undesirable people or dissenters.
One of Obama’s strategies was using the Left’s control of those two companies to attack gun rights.
BRICS.
That’s why the bankers and oligarchs in London and Switzerland are panicking over Ukraine.
Can you imagine having an EV in Germany with electric rates already in the stratosphere and only going higher.
I didn’t know we had autobahns in California.
Although we do try to drive as if we did. 😉
EVs are not viable beyond local commute etc.
Spoke with an EV owner yesterday, who proudly related how he traveled to another state recently: He planned the route ahead of time to include charging stations, and stopped every 2 hours for 1.5 hours charging.
This is ridiculous.
And now the charging stations are failing:
https://www.spokesman.com/stories/2022/aug/17/the-ev-charging-buildout-has-a-problem-many-statio/
So, that 1.5 hour stop to charge could become 3 hours or more, waiting in line for a working charger. Charger failures are going to increase with time in service, and more EVs will accelerate charger failures and lengthen the charging queues. Will the charger infrastructure keep up? No.
And don’t forget $15k for a new EV battery pack every 5-10 years. That’s like a failed engine or transmission every 5-10 years.
All profoundly foolish, unless we really are in jeopardy of collapse from climate change otherwise. Are we?
https://www.wnd.com/2022/08/1200-scientists-scholars-no-climate-emergency/
Neil Oliver is right: The goal is apparently to cripple the US and aligned western economies. Not “save the planet”.
Leftist plans/theories/governance are riddled with senseless contradictions at every level of thought and operation. If it weren’t for their brilliance at propaganda indoctrination and brainwashing, they would be laughable malcontents shouting into the wind, instead of the criminal overlords who oppress us in every aspect of our lives.
Meanwhile in America, especially in New York City, citizens there are attacking on the streets people of Asian backgrounds. Go figure! Biden spends tax dollars to put a fence around his Delaware property…building his wall for his safety…maybe he senses Americans will come calling once the bottom falls out economy for us.
At the DOJ I will bet there is a room–a secure room, where lawyers have “gamed out” their plan to incapacitate Trump. Most likely there is a white board where they have put forth their plans. Perhaps above the board is a picture of Judge Sullivan–famed for his work on Gen. Flynn, which I believe is the plan for Trump. These are good times, unless your visit to the local grocery store has startled you with the rising prices! Wait till your property taxes go up, government intends to stay ahead of this curve, at your expense.
Meanwhile, the Japanese look at Western countries and try not to smile for they have a China problem to deal with. Is there no safe place to enjoy one’s life as these so called “leaders” go about creating their special world while the rest of us dwindle down to the poverty level of existence.
This is what creates revolutions and guess who knows it may happen? Yes, the democrats do…including Bill Clinton’s best buddy James Carville. Skunks don’t always hide during the day.
Use your nose…sharpen all your senses!
You need to be intellectually honest, it’s not “citizens”, it’s 100% black citizens. Show me a video, arrest etc of a non black person for a violent crime in NYC against Asians.
Many black people resent Asians for their success. Nothing new here, except maybe the magnitude. It’s been that way at least since 1970’s.
The ferals resent Jews, Koreans, Asians, etc, for owning property, etc. They never learn from that, about working, saving, treating others w/ respect (instead of demanding it).
We have created that permanent, feral underclass. Now we pay the price.
It’s all “ni%%ers in the stop and steal gangs, that they are the only ones that burn down their own buildings, stores, cars, like the fera) savages they are.
I wish good luck to all the countries who will not play the unholy, depraved, murderous game the WEF fully intends to carry out….and is making great strides in completing.
Is this why all international news about these countries is essentially being censored here? Because it is. One has to really dig to find any, and people are too busy trying to survive the devastation deliberately inflicted on them. They simply do not have the time (or the interest) to do
so.
As a side note, Germany just released their latest PPI figure for last month…an increase to 32.7%. Right in Schwab’s backyard. Hell is coming for Europe and its residents. They’ll be the first victims of the satanic “BBB”, with us not far behind. I have a terrible feeling not enough have awakened there. But winter is coming with a vengeance for them all, and that might just be the alarm they need.
I do pray that Almighty God will cause some evil feet to slip in their hurry to complete their inhuman project.
I would like to humbly point out that German PPI came in at over 37%.
Thank you… transposed my figures. You are correct. 37.2…not 32.7 . Mea culpa.
That’s worse than Argentina.
The “other” German nation.
There are a lot of educated vapid Americans. I encounter them at my kids’ bus stop every day.
There are… I know quite a few. Shocking really. Or as Mark Steyn calls them “under educated and over credentialed.”
I find that for those who are clueless as to what is happening in this world that often has a direct impact on them, as long as their lives are undisturbed, there is no point in looking any further than their immediate surroundings.
“I shouldn’t say this, but some of the DUMBEST people I know, have college degrees.”
Who said it?
George Carlin?
I’m pretty certain I have at many points. (though I do realize that you have someone specific in mind). But I’ll go one step further…the further up the advanced degree ladder some go? Well, you see where I’m going. I’ve known a few people like that as well.
Every college drop out?
See what happens when you don’t have someone like Old Joe the village idiot and his gang of nefarious misfits ruining the economy.
I dont see China, Russia, Brazil or Mexico in this picture. I do see Japan however.
Has anyone else noticed in this photo where Biden has his right hand?
Always has his filthy hands on some female.
She looks like shes enjoying it, leaning in.
Yup, yup, yup. There’s the ever-ready groper. Why do these women allow this sexual “familiarity”?
I can’t watch him on tv; I can barely look at a photo that includes him – like the one above.
Never, in my fairly long life, do I recall anyone as ignorant of his own ignorance as this ignorant bâtard.
I cannot include the Chinese people in this statement because they are prisoners of their own government, but I am happy for people in the countries whose governments did not fall into the WEF BBB trap.
I always hated creeps handling me like Biden does. I would let them know too. Biden must fancy himself as a hunk. GAG!!!
LOL, and Soyboy Trudeau trying to display dominance.
And look at the UK’s shirt!!!!
Johnson has always been and always will be a scruff.
The slob is gone now
His WEF replacement will be no less repulsive.
As the British saying goes…”Stick with nurse for fear of something worse.”
And yes, Maquis…worse is coming.
Not quite. New Conservative Party Leader not chosen quite yet…but soon.
He looks like a drunken slob.
Abe had not yet been assassinated.
Tht isn’t Abe
Exactly! Abe was good looking!
No it isn’t…as well I know. He’d not been Prime Minister for a while. I was simply pointing out the time line of that picture as related to his killing.
The Prime Minister in that photo was subsequently reelected in a landslide by the Japanese after Abe’s assassination. I don’t know if he is communication with Mr Trump, but it wouldn’t surprise me.
I miss PM Abe. He and President Trump always appeared to understand each other beautifully, in spite of language challenges, and they clearly shared a deep and abiding respect for each other.
When Mr. Abe was brutally attacked, I’m sure I wasn’t alone in this Treehouse, dealing with heartfelt sorrow for the Japanese people, but as much for President Trump as well, who soon afterward, lost a dear friend.
RIP, PM Abe. You are missed more than you can imagine in this age of deliberately fabricated utter downward spiral.
Ilk….Japanese PM wants to fit in… he has no idea
Argentina is collapsing again because the people want more government subsidies, China has been reducing is US Treasury’s as of June, it’s now $967 Billion leaving Japan as the largest holder of US Treasury’s.
China knows what coming as do most of you I hope.
https://ticdata.treasury.gov/Publish/mfh.txt
I thought that the US was the largest holder of US debt…
Look at all those foreign holdings, that’s why raising interest rates and a rising US Dollar is the nail in the coffin to any foreign who borrowed at low interest rates.
Our Politicians (All of them) are clueless about economics. But hey, you can all still donate and live by Einsteins definition of insanity.
Good luck.
Yet another reason they hate Donald Trump. He understands money and economics; they don’t.
He knows and understands construction of public works; they don’t.
He knows how to wheel, deal, and win. They tie everything up in knots; then make US pay for THEIR screw-ups.
He brought in people with real life experience. They spin around in smaller and smaller concentric circles until each one bumps into himself/herself/itself/themselves.
*Who did I leave out?
“To much has been given , much shall be required” … The USD has had the advantage of being reserve currency for a long time, and that comes with responsibilities…To others, like emerging markets.
We carry a burden to weigh the effects of our policy, with discretion. Our “leaders” have created terrible hardship for others with the US profligate overspending.
Selfish bastards.
If we don’t buy their crap, they are toast as well.
This will be the problem for the world. If we, the US, does not purchase, the entire world will come to a standstill. This is to what SD is alluding.
Note, our standard of living is descending yet we are still above many other countries.
So what?
Like the old saying “I’m coming down fast, but I’m still miles above you”.
A excuse.
Or, is it “Oh, I don’t have to outrun the tiger! I just have to outrun YOU!”?
THEIR CRAP is US corporations using Chinese labor to build US designed crap. Build it to fail and Americans buy more.
I’ll never forget pat Buchanan’s New Hampshire shoe factory visits during the 96 primaries and the US workers telling the interviewer they were worried their jobs were going to be shipped out and their support of Buchanan & MAFA
10 year life expectancy for new major appliances.
We just replaced long-in-the-tooth washer, dryer, and dishwasher in the last week.
The laundry equipment was assembled in USA. The D/W is well known German engineered.
Hope they outlast life expectancy.
Bosch? If you take care of it, eight years.
Portable dehumidifiers: 1-2 years.
All made in China.
This is a highly mature technology, vapor compression heat transfer. Other examples last 15+ years (HVAC) to 25+ years (refrigerator/freezer).
Not even close, China knows what’s coming, they’ve been reducing their holdings slowly and strategically. They can’t dump it all at once, otherwise they DO collapse their economy. How does one go about reducing US Treasuries? Import Oil from the USA, especially when they already get it cheaper through Russia.
Eventually, They won’t need the USA to buy their products anymore, that’s what the BRI (Belt Road Initiative) is all about.
“Import Oil from the USA, especially when they already get it cheaper through Russia.”
Not sure I understand what you are writing?
No other country will have the capacity to purchase the goods China manufactures. Please name one.
If US citizens stop buying goods, China and the cheap labor countries go to dust. The US knows how to innovate and resume manufacturing in five minutes on its own shores.
And we have been taught that if we owe too much, we own the bank, so if we do not pay back…who cares! Just a standard default…come, get us!
Yes, Americans do know how to innovate, our politicians… have made sure we don’t!
Yes, default is our only option now, why do you think China is slowly reducing.
Start looking at the world and how it’s all connected economically. This is not the Federal Reserves fault, you and I and everyone who grace these articles did not not borrow endlessly, no… our politicians are to blame for everything the world is going through.
Think of politicians like two parents getting divorced, we, all of us, are the children caught in the middle and being pulled in both directions on who to love more.
In this case who to hate more.
Well that was easy,do not love either on,
“on who to love more”
“Kids, WHAT are you argueing about?”
“Oh, Daddy we’re argueing about which of us loves you more!”
“Oh,…er,..well,…carry on!”
“You do!”
“No, YOU do!”
lol
BRI is about securing natural resources, not creating markets. China does not, repeat not, have a meaningful domestic consumer base, and as we speak it is racing us to the bottom. The banking system and real estate markets are being held together with band-aids and bubble gum, and the population debacle is going to be glorious to behold. All those “little emperors” are as much a drag on urban Chinese society as the aging population in Japan.
China is modern on the surface, but if you get out of the cities, you will quickly enter the 17th century. My favorite story in this regard is taking an ultra-modern coach out of Yunnan to the Shihlin Rock Forest, using a beautifully engineered, pothole free four lane highway that would be the envy of any American urban planner. But my destination was a small village another 12 kilometers distant. To get there, I had to hire an oxcart, which slowly got me there by way of some deep and well traveled ruts. The only latrine in said village was an open ditch alongside the main street. Thankfully, I’m not shy about this sort of thing, and always carried my own TP.
Much of China isn’t third world. It’s fifth.
Don’t we have to hear from Janet (Transitory) Yellen first?
“Essentially, all of the aforementioned nations see the collective Build Back Better program for what it is, a path to poverty.”
You would think some enterprising US politicians would get a clue and act on this.
They can’t all have dementia.
(Global climate change? *spit*)
Maybe some US citizens?
‘Enterprising US politicians’ is an oxymoron, if you believe they want to make the world…better.
It pleases me greatly to see the Japanese refuse to participate in the BBB suicide pact.
Perfectly stated!
OK, so WE are also not in alignment…only our sniveling corrupt criminal representatives are in alignment.
What next?
Here’s what you really need to know about Nippon: for every baby diaper sold there, they sell 3.5 adult diapers. The birth rate is one of the lowest on the planet, and year by year the already long-lived and elderly population just keeps getting older. Japan is not importing replacement labor a la Europe and the US, so it has to sit on inflation or suffer societal collapse.
And here’s a fascinating fact, surfacing just now in the American press. The hard-core alcoholic Japanese businessman of yesteryear, whom nightly I would see collapse in the streets of Tokyo and sometimes on the subway tracks, is now so sober that it is impacting the government’s tax base. Would you believe that the government is actually encouraging people to drink more alcohol?
I am very glad that, more than 40 years ago, I had the opportunity to live in Japan. It’s a wonderful country, and I wish the people well.
Just saw the report yesterday. Had the pleasure of passing through many times. They want the alcohol level up to increase the population! Having babies is not a bad thing!
The feminist revolution hit Japan really hard, but the salaries being earned by the office girls never kept up with their collective penchant for buying designer this, that, and the other thing. Having babies fell by the wayside two generations ago.
Ever tie one on and play pachinko all night ?
Tied one on many a time, but my pachinko skills were so lacking that, after the first few times, I gave up embarrassing myself.
But I did learn. Before moving on to Bangkok and Singapore, I hired a mahjong instructor. I needed to lose so that mine hosts would not suffer loss of face, but not lose so badly that I would suffer loss of face! Tricky business, that.
John, I know how you feel about Japan. I feel the same way. I was stationed at the US Coast Guard Loran-C Tokachibuto station in Hokkaido (Japan’s Wild West) in the early 1990’s. We provided a navigation signal used before GPS. After GPS became the main means of navigation, the station (which had been turned over to Japan in 1993) was demolished in 2013. Hokkaido is gorgeous, a naturalist’s paradise.
The following video was made by a local guy in honor of both Hokkaido and the Loran-C station, and the people who served in it. The station was where the big bare oval is (nature is taking the space back!). The beach is my favorite beach on the planet. It is full of the beauty of nature- plants, volcanic cliffs, foxes, eagles, salmons, the Pacific Ocean, impressive sunrises and sunsets, and much more. So peaceful and quiet. And the people of Hokkaido are great- peaceful, quiet and full of respect. And they love nature.
I post this link for you, and for fellow treepers who may not know about the natural beauty in Hokkaido (the mountains, which are far away from south coastal plain, are also gorgeous). Hope you all enjoy this.
You could sign me up to move there. I’d go in a minute if they’d open up a bit and make it a bit easier.
Valuable insight.
However, interest rates in the west have been way below trend for a very long time, forced there by QE/helicopter money. (Albeit money that often stopped at the Institutions and got used in pushing financial markets rather than re-lent to Main St businesses).
It is unsurprising to me that interest rates must eventually return to trend.
Of course the immediate cause is the war on fossil fuels not some wise decision about the price of money…. because 1% for the Institutions was unsustainably inflationary.
Indeed, yet the criminal effort for keeping the rate down has put us in a spiral of which I believe we have never seen.
How to ease this?
How to put this….printing money can be used to temporarily “fix” any economy until the piper has to be paid.
Keynes never intended permanent QE.
US voters demand a standard of living their work product can’t support within the existing system, there are so many distortions through subsidies and waste and spendthrift govt it’s hard to know where to start.
So you print to give the masses and the Institutions the sugar hit they want.
The US has only been able to sustain this for so long because the US$ is the world’s reserve currency. It will remain so for a long time.
When oil is priced in some currency basket / SDR it will be the beginning of the slow end for the US$ and huge US deficits.
Excuse me?
Our Climate Freaks are positive the CO2, Nitrogen pollutants from the rest of the World won’t drift into our pristine World?
Right?
Oh. Pollutants will? Sad.
But, we’re going to clean up our place anyways?
Sad!
They can’t have inflation in Japan. They have been doing Quantitative Easing since 2000. That pumps up asset values but does not infuse capital into the consumers pockets like helicopter cash does. They have no bond market because their central bank buys all government debt.
Nailed it!
Japan is -10%, what investors are willing to invest in bonds that have been-10% since 2014.
Just like Europe, Japan is screwed!
Exactly. They taught the US Fed how to use QE. And now we have everything bubbles.
Just last month their central bank retained its yield curve control program by setting its short-term interest rate at minus 0.1 percent and guiding 10-year Japanese government bond yields around zero percent.
They have monetized their entire government debt and we are supposed to be envious?
The Japanese government debt that is more than 266% of it (GDP), Japan is the second-most indebted nation in the world. With bond yields in negative territory, the government is now getting paid to borrow.
Thank the Lord
I would not portray the economic policies of Japan as a success story or something that other Western countries should emulate.
It has been in decline for over 2 decades and it is the birthplace of Quantative Easing that is currently destroying Western Economies.
It was literally called “Abenomics” after Shinzo Abe who started it.
The Yen has been getting destroyed against the US Dollar in the last couple of months.
On inflation: the classic definition of Inflation is literally an increasing currency supply.
Rising prices are a symptom of inflation, yet all of the media portrays rising prices as “the inflation”.
fwiw – for some history on Japan, here’s a documentary on Japan’s central bank based on the book by Professor Richard Werner:
Princes of the Yen | Documentary Film
Michael Oswald’s film “Princes of the Yen: Central Banks and the Transformation of the Economy” 『円の支配者』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 the book of the same title 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.
“Only power that is hidden, is power that endures.” Central Banks are some of the most secretive and misunderstood institutions in the world. What powers do they wield? Who’s interests do they serve? How do their actions affect our everyday lives? Set in 20th Century Japan, the documentary explores the role and power of Central Banks, and how they can be used to change a country’s economic, political and social structures. A documentary by Michael Oswald based on a book by Professor Richard Werner. “Blows open the widely held consensus that ‘independent’ central banks are a force for economic good.” Josh Ryan-Collins – New Economics Foundation and co-author of “Where Does Money Come From?”
Go back to the early nineties, and their refusal to belly up to the bar and pay the price for their real estate follies. How ironic that we followed them into the abyss in 2008.
Of course, Japan lost 600-700k in population in the last year. In food alone that 500M less meals a year at 2 meals a day.
Want to get to 8.5%+? We’ll trade you Biden and a high draft choice for two Sumo wrestlers
and a double order of Sashimi.
Do you have any idea what sushi costs in Tokyo or Osaka??? No self-respecting Japanese would ever fall for such a deal!
Does Japan have their own sources of fossil fuels? If not, how are they not being buried by current oil and gas prices?
Even with a nuclear powered grid?
Japan’s massive printing of yen and the BOJ’s ownership of the majority of GOJ bonds and a good segment of the Nikei Dow, well, it’s beginning to look like 1920’s Japan….Nagata-cho will have to spend all that printed yen on something, like doubling the defense budget. Deja yu Prime Minister Korekiyo, the last Japanese PM to be assassinated. Didn’t end well then, and will not now.
Biden’s oil, gas moratorium dealt potentially fatal blow by federal court
https://www.foxbusiness.com/politics/bidens-oil-gas-moratorium-dealt-potentially-fatal-blow-federal-court
https://www.thegatewaypundit.com/2022/08/trump-appointed-judge-blocks-joe-bidens-moratorium-federal-oil-gas-leasing/
But it took 19 months to block the moratorium!
That and the other biden admin actions have caused staggering damage to US energy, and this continues.
Including the pullback from investment because of uncertainty about even more regime anti-energy actions possibly coming.
Amazing analysis of how things work.
The force is strong with you Sundance.
“It is funny to see Reuters put out a *shock* styled article for 2.4% core inflation.”
Maybe (just maybe) some Lefties are starting to rebel just a tad?
The greatest insulation aiding Japan these days is their isolation from the English language. Most of the country knows zero English beyond a few words, and few Cultural Marxist Westerners out of Europe and America speak Japanese. It’s why their culture has been spared from many of the iniquities foisted on the West.
The new Marxists are spreading their message and beliefs like a virus using their dominion over all English-language media and entertainment. Witness the inane new definitions for previously uncontroversial words.
Elites in the West have noticed Japanese entertainment has so far escaped being subverted by Marxist and Leftist language and concepts. They are actively seeking Japanese business partners willing to accept Western dollars in exchange for more artistic control.
If ever an ideology ever merited utter and brutal extinction it’s any and all flavors of Communism.
I love Okinawan food.
I got Okinawan family ( a complex story ).
I can even dance that Okinawan song ( you know, it’s sounds like the same tune, different words, you go around and around).
People in Okinawa live a long time.
Maybe, just maybe, we should sell out and move to Naha. I’ll join the Uchinanchu.
Whenever I say that, my wife says YES!
Ditto,,I lived in Okinawa total of 8 years–83 -88, again in 94-98. Loved ever minute of it….I know the entire Island very well
Someone tell me how the stock market is well over 33k in this recession.
Relatively and historically, interest rates are still tiny.
So, I suspect Japan will try to “straddle the line” by continueing to deal with ‘both sides’.
Depending on how intense this global multi-polar world division ‘shakes out’ that may be an enviable position to be in.
Putin very smartly held out a hand to all countries with his recent speech, a kind of RIP to Unipolar World order.
I’m not convinced the assasination of ABE has anything to do with global bankers.
he had ties to an extremist cult that originated in Korea that later transferred it’s cult fantasies to japan. It was ultimately a scam operation. Abe celebrated it both publicly and privately. (many japanese do have some very queer cult like practices, so it’s not unique entirely to abe to be clear). The assassin was the son of a mother who was bilked out of every single YEN she owned. She was a true believer in this cult and the son realized most of that was related to how the president of japan viewed the cult: favorably!
The son lashed out at the top political leader who decided that someone like ABE who had refused to regulate and also denounce this cult needed to pay a price. I don’t condone the violence and the murder, but I can understand the motives and the emotions behind it.
Imagine if the President of the United States told law enforcement not to go after the mafia…openly declared it not to be touched? Delighted in holding regular nightly dinners and other ceremonies with the mafia at his official public residence. Who refused to acknowledge the terrorist and criminal leanings of this mafia?
how long do you think a person victimised by this would sit and home and just take it like a good boy?
This is not a matter of coincidence. It’s a completely separate matter than a globalist banker agenda.
jmho
I can never believe how the middle upper US residential property market isn’t going permanently gangbusters.
The non-recourse loans are nearly uniquely US.
Anywhere else the real estate lender can come after every dollar you own at default.
Prime markets in Australia/NZ/ UK are booming….with non-recourse loans they’d be orbiting Mars.
Greenland isn’t North America. As a part of Denmark it is definitely European, also politically, so both maps are wrong.
Westerners are all about conquest. The oligarchs don’t care if the country fails; as long as they can plunder its wealth, then the country can do whatever nature allows.
This is why oligarchs and bureaucrats have historically been wiped out periodically through human history. They get too rich and powerful and turn psychopathic. Their lust for money consumes their humanity, and the resulting monster only wears a human skin. Nothing about it is otherwise human.
So that’s where we are. I hope Japan tells the west to go suck eggs.
Can’t wait to see firming up of the BRICs currency, to dump some dollars.
From Pearl Harbor to an economic safe harbor….
Japan is funding and engineering a massive pipeline project through Russia. When the Uniparty told them to abandon it because of Ukraine, japan ignored them and work is speeding along. Further, I noticed Japan’s petrodollar reserves were down $100B recently.
These are signs of a split with the Uniparty. Small for now, but wait and watch.
The petrodollar must fall, if we are to regain our liberty. It will hurt here, but revolution requires sacrifice, and economic pain is preferable to other costlier methods.
We need a big event to wake the sheep up, and parry the Uniparty. The fall of the petrodollar reserve currency is it. It is the tool of our globalist masters, which japan may be breaking with. So should we.
Haven’t the Japanese just been money printing.
I thought I read somewhere the dollar is complete trash.
$153.10 in 2017 has the same purchasing power as $100 in 1997.
The total inflation rate from 1997 to 2017 is 53.10%. The average inflation rate from 1997 to 2017 is 2.15% per year.
$104.62 in 2019 has the same purchasing power as $100 in 2017.
The total inflation rate from 2017 to 2019 is 4.62%. The average inflation rate from 2017 to 2019 is 2.28% per year.
$107.92 in 2022 has the same purchasing power as $100 in 2019.
The total inflation rate from 2019 to 2022 is 7.92%. The average inflation rate from 2019 to 2022 is 2.57% per year.
Bidenflation:
$100 with an average inflation rate of 8.6% has the same purchasing power as $139.10 after 4 years.
$100 with an average inflation rate of 8.6% has the same purchasing power as $520.71 after 20 years.