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David K
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has posted a comment on the article :
Japanese Hyperinflation, Coming Right Up!
- Andy Hoffman -
Miles Franklin
Great article,very well researched and documented! Besides presently a handy though largely ignored template for a parallel economic disaster in the US, Japan has been an object lesson in the rampant capital destruction contained in the Keynesian model. The social consequences of irresponsible nominal monetary policy are particularly egregious in the descent of the momentarily glorious Japanese economic "miracle" as Nippon supposedly rose form the ashes of WW II into the ghastly, irretrievable and, abysmal stagnation that has consigned two generations to economic and societal oblivion. What is even more appalling are the unlimited deleterious effects of the tsunami of April 2011 and the subsequent Fukushima meltdown presently destroying the Pacific Ocean as we know it and depositing untold quantities of multifarious radioactive isotopes throughout the Northern Hemisphere permanently impairing the health of 100s of millions. In an unimaginable display of apocalyptic synchronicity, we have the wholesale economic evisceration of nations and accompanying unprecedented environmental catastrophe in tandem wreaking unparalleled havoc upon the seas and across the continents. It is quite beyond the scope of ordinary human comprehension to actually imagine anything worse but just wait until the main act for which all of this mayhem is but the curtain raiser, namely the descent of the US into a similar economic and social abyss several orders of magnitude greater and dragging along with it the international economic order upon which our brave new world order was so thoughtlessly constructed.
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Long-time readers are well aware of our view of Japan’s outlook, both short and long-term. Sadly, the days of its post-war “economic miracle” are so far in the rear view mirror, it’s difficult to believe Japan was once considered America’s chief economic rival. When Mitsubishi Real Estate acquired New York’s Rockefeller Center in October 1989, the Nikkei was just two months from peaking at 39,000; while the Japanese real estate index briefly touched 250. Twenty-four years later, the Nikkei is...
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chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl
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- 20/04/2013 à 20:03 GMT
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