- 12 Sep 2008
- 2
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It seems like the U.S. suprime crisis is affecting the global economy as a whole. Japan is not the only one to feel its affects. I wonder which countries are directly affected by Japan's economic situation.
It seems like the U.S. suprime crisis is affecting the global economy as a whole. Japan is not the only one to feel its affects. I wonder which countries are directly affected by Japan's economic situation.Machinery orders in Japan dropped 3.9% in the month of July as compared to June. The demand for engines, machine tools, and computers has decreased for five consecutive months.
The country sits on a $14 trillion pile of household savings, the product of decades of trade surpluses and frugal lifestyles. This has allowed Japan to finance its immense $8.1 trillion fiscal deficit and still have enough money left over to be the world's largest creditor nation for the last 17 years
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Japan and China need to supply the US with some of that money, by buying american goods for awhile.
If the US economy and dollar collapses the dollars they are saving will become instantly worthless. Right now they can still be exchanged in for cheap US foreclosed property and stock. (thats what I am doing.)
Not to mention the skyrocketing food and raw materials prices that will result if the US cannot afford to produce and export it's food and raw materials to it's customers overseas.
The dollar and US economy collapse will be painful for a second, but when those prices climb, it stands to make killing.
A gallon of milk that used to bring $2.00 will bring in $20.00 if the US economy collapses.
If I had all Japans money and assets..I could conquer the entire earth.
I would simply secretly get N Korea to build me a whole bunch of Nuke bombs in secret. Build a bunch of executive jets to use as guided, unstoppable missles to deliver the nukes. (suicidal pilots of course)
I would file flights plans to all major cities around the world that I think would be any threat to me and my plans, and I would cripple the communications, government leadership and military bases as well.
I would send wave after wave of these "missles" in a sneak attack. But the first massive wave would have the element of suprise and neutralize the most dangerous threats first. If you dare or manage to try to shoot down or intercept my missles after the first wave....the missle explodes.
Now...how could anyone stop me if I achieved the element of suprise? Is ANY nation on earth prepared for this type of attack? I would conquer the earth in one day probably..and then go get my massive booty.
Japan on the skids....? Yeah RIGHT.
Perhaps they just need me as their Emperor.
There is no need for Japan, the USA, or the UK to meddle into China's domestic affair. Besides, appointing a religious figure head the Dalai Lama as a head of Tibet is not different from what the commie autocrats do in China. It's scary to have another theocratic state whose leader is chosen by some mythical religious mumbo-jumbo.Get Japan, USA and the UK to form a federation against China and threaten to renege on the debt to China if China doesn't free Tibet, and leave Tibet alone!
You're in luck, then! The Chinese government plans to pick the next Dalai Lama themselves. No doubt someone more receptive to the Chinese occupation. Of course, the current Dalai Lama is not a head of state, just a spiritual leader.There is no need for Japan, the USA, or the UK to meddle into China's domestic affair. Besides, appointing a religious figure head the Dalai Lama as a head of Tibet is not different from what the commie autocrats do in China. It's scary to have another theocratic state whose leader is chosen by some mythical religious mumbo-jumbo.
There is no need for Japan, the USA, or the UK to meddle into China's domestic affair. Besides, appointing a religious figure head the Dalai Lama as a head of Tibet is not different from what the commie autocrats do in China. It's scary to have another theocratic state whose leader is chosen by some mythical religious mumbo-jumbo.
You're in luck, then! The Chinese government plans to pick the next Dalai Lama themselves. No doubt someone more receptive to the Chinese occupation. Of course, the current Dalai Lama is not a head of state, just a spiritual leader.
But you are right, there's no need for anyone else to get involved; the Tibetans don't have enough political juice.
uh................Parody to the tune of Britney Spears Baby One More Time:
His Holiness is telling me
I must confess all my negative deeds
If I don't then I can't purify my mind
Give me a chime (ring the vajra)
Initiate me to the Kalachakra, the wheel of time.
This parody is taken from the Chorus
My Loneliness is killing me, etc.
The market will shun shoddy products. The USA, Japan, and other countries which consume Chinese food stuff has increased the testing and inspection to catch poisonous products. It is impossible to catch every single case of defective and poisonous product.To be honest, I am a bit concerned about their toxic food that is being imported worldwide. Their food is such that they can create terriorism simply by exporting their melamine milk powders and monosodium glutamate.
In Tibet, there is no other well-known person than the Dalai Lama. You can call him a spiritual leader or something else. He is a de facto leader of Tibet and will be a de facto head of state if (big if) Tibet gets its independence from China.You're in luck, then! The Chinese government plans to pick the next Dalai Lama themselves. No doubt someone more receptive to the Chinese occupation. Of course, the current Dalai Lama is not a head of state, just a spiritual leader.
What we see so far is a world wide financial crisis. The US were just the first country to get hit. It is kind of natural that other countries will have to deal with this issue and this includes Japan.
And who would you blame Putrefacation? Please provide us with links. It was the US financial industry, via the Fed and Wall Street that caused the whole mess to begin with and they have been doing it since the 1970's.Putrefaction said:Is it true that most people are blaming the US for the economic downfall?
Shall I go on? But what's the use as most people refuse to read the writing on the wall anyway. In the end the US as you and I knew it is finished and will never be what it once was regardless of what you hear, read, or see in the major media. Never! It was written 100 years ago that this day would come when the Fed was created on Friday, December 23, 1913 when most people and Congress was home with their families and now it is here.International Forecaster said:...They started by having the Fed create profligate amounts of money and credit well beyond the amounts necessary to absorb any increases in production, thus creating an elevated level of inflation for almost two decades. They continuously lied officially about the rate of inflation by understating it. This was done to cover up their destruction of our economy via free trade and globalization by creating bogus increases in production that were just inflation in disguise. This inflation was implemented to get us started down the road to economic destruction from which a hyperinflationary environment could be created.
To take us out of recession, and prevent the purging which our economy needed from the destruction wreaked in the early 1990's in the aftermath of the Savings and Loan Crisis and the collapse of the real estate market, both of which they also created, they pushed tech stocks into a dot.com bubble, followed by a real estate bubble to cover up the dot.com destruction, which real estate was then re-bubbled after 9/11 via ultra-low interest rates and their if-you-can-fog-a-mirror-you-can-have-a-mortgage-loan policy. This was done to keep the debt snowball rolling, and to prevent the purging of losses from fraud and speculation out of our economy by keeping those losses in the system so they could later become the reason for future defaults, losses and bailouts that would help lead us into hyperinflation when they were ready.
They bankrupted the Social Security system by stealing from its reserves to pay for pork projects and benefits for illegal immigrants (slave labor), drove up medical and pharmaceutical costs, and created an entitlement indebtedness in the tens of trillions of dollars that they know can never be repaid, thus ensuring the destruction of the dollar by curtailing the ability of the US to repay its creditors, and providing a backdrop for huge bailouts and expenditures to keep paying out benefits and to fund medical insurance reforms that can only be paid for through debt monetizations that will propel us toward hyperinflation.
They got rid of the Glass-Steagall Act via the Gramm-Leach-Bliley Act so they could defraud investors with new flimflam financial products in the complete absence of any checks and balances. They deregulated the already opaque OTC derivative market with the Commodity Futures Modernization Act so that derivatives could be issued naked (without collateral backing the guarantees against default) to back securities that in many cases were not even owned by the buyers of derivatives backing those securities (credit default swaps), and further allowed investors to gamble on interest rates (interest rate swaps), thus turning the entire OTC derivatives market into a gambling casino.
They continued to foster mortgage and other consumer loan fraud, via liar loans, false appraisals, slack credit standards, false derivative ratings and fraudulent derivative sales, using Fannie, Freddie and the unregulated OTC derivative market to accomplish their dirty work until a Quadrillion Dollar Derivative Death Star was created. All of this fraud was allowed in order to plant and build a fatal flaw into the entire debt system, and this flaw would be used to ignite the Derivative Death Star, and start the bankster-gangster bailouts that will eventually run into the tens of trillions of dollars unless stopped by US citizens. How's that for spending us into hyperinflation!
They also allowed investment banks to use 40 or even as much as 60 to 1 leverage to fund the Derivative Death Star, and allowed commercial banks to reduce their reserve requirements to unprecedented levels.
They increased money and credit to psychopathic levels to feed the hedge funds, pensions funds, endowment funds, and sovereign wealth funds, which then went berserk on a wild spending binge, thus driving stock and bond prices up to ludicrous levels, which have now imploded or are in the process of imploding, thus giving more cause for bailouts and profligate borrowing and spending by our government at taxpayer expense, once again socializing losses after profits have been privatized.
.....After they achieve an elevated level of inflation by all this spending on pork, bailouts and socialist programs while the hamstrung Fed continues to profligately spew out money and credit at an ever-increasing rate via monetization of treasuries which investors are starting to shun more and more for obvious reasons, interest rates will rise, the real estate, stock and bond markets will collapse, credit default and interest rate swaps will implode, and suddenly there will be tens of trillions in losses that of course will have to be bailed out.
As this debacle transpires, everyone owning dollar-denominated assets will be running for the exits, all the dollars parked in foreign currency reserves will be repatriated, and the currency speculators will go to town as the Fed pumps out money in ever-increasing quantities to fund bailout after totally illegal and disgusting bailout. This will mark the start of the period during which the Much Greater Depression will be at its most severe level, and is where will we be Weimarized. You won't know about the foreign investment until it is too late because, conveniently, like the cessation of M3 statistics by the Fed, the FTC no longer provides figures regarding foreign investment in the US.
If you do not know the meaning of the abbreviations above then you have not done your homework.
I have been in contact with many business people in the USA and most of them said 2009 is the worst or toughest year they experienced in their career. The peak season for 2009 should start by now; but, the volume of business activities is not there yet. My hunch is 2009 will go down as the worst year in the recent business history. There are so many variables in play that I find it very difficult to get some bearing on how the economy is moving in 2010. The massing printing job of the greenbacks, mounting debt loads on many governments, social and economic instability in developing countries or emerging economies, and the rest of the list which goes on and on make me busy with my life and career plan.We have in no way hit bottom as has been mentioned above. The bottom will be far worse than what we are experiencing today.
I didn't mean to deride you Putrefaction. I misunderstood your post to mean that the US was not at all responsible when it was solely responsible. My apologies.
The foreign media "opinion" is very similar to what the US media says and in order to find the truth one has to dig further into out of the way websites and such. Most foreign "out of the way websites", including Japanese websites, also indicate what I have quoted above in one way or another.
We have in no way hit bottom as has been mentioned above. The bottom will be far worse than what we are experiencing today.