JAPAN NEWS AND DISCUSSION
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- English Instructor (Osaka, Kyoto, Kobe)
- Berlitz Japan, Inc. (ベルリッツ・ジャパン株式会社), Kansai
- Salary: ¥125,000 ~ ¥250,000 / Month
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- FT English Teachers for Kids - Osaka
- Kohgakusha Co., Ltd. （株式会社興学社）, Osaka
- Salary: ¥255,000 ~ ¥275,000 / Month Travel Expenses, Encouragement of Japanese learning*
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- Translator
- ZAIHON, Inc. (日本財務翻訳株式会社), Tokyo
- Salary: ¥6.0M / Year Negotiable
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GJDailleult
The obvious answer is that they should be responsible for all of the risk. Once they aren't the system falls apart.
A loan either has to be repaid or rolled over. If the government steps in and pays then it is is socialism (at least socialism where losses are involved, still "capitalism" when they have "profits"). And if they try to bury the dead bodies in the central bank then it is crime.
Posted in: Irish head toward bailout; Portugal next in line?
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GJDailleult
It would be nice if for a change if people could start speaking real English instead of this 21st century PR mumbojumbo.
That sentence quoted above is meaningless. If somebody is an Afghan intelligence source for NATO forces then their life is at risk already. If they added the word "increased" and said "at increased risk" then it would make sense. But of course the propaganda effect would be less if the words showed that these people's lives were already at risk.
Posted in: Sweden to issue international arrest warrant for WikiLeaks founder
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GJDailleult
No offense to WilliB but he has a misunderstanding that he shares with 99.9999% of the population. In the post-1971 fiat currency, no reserve, no gold standard world, nobody runs out of money. Money is not a "thing" so you can't run out of it. What they run out of is borrowers. The ability to conjure up money is unlimited as long as you can find someone to take on the debt and promise to repay. All money is debt.
Now the ECB could handle the Irish problem very easily. They just calculate how much money Ireland needs and give it to them. A gift. Then Ireland pays of the creditors, the banks get their money and everybody goes home happy. Of course, they can't do that because that would expose the system for the fraud it is. Once people realize that money is just a rabbit pulled out of a hat, and that people can get insanely rich for pulling rabbits out of their hats while other people have to struggle day to day, the game will be over. Revolution time!!!
It is maybe the biggest catch 22 in history. The solution to the monetary system's problem would destroy the system, so they will have to let the system destroy itself in order to save it.
Posted in: European officials: No bailout yet for Ireland
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GJDailleult
@asahi man- the countries are not needing bailouts. The banks that lent money to them and the banks in those countries are. All the money they receive will then be given to those banks.
In Ireland, 100% of income tax money will be given to the banks for the next 6 years. Insanity.
Posted in: European officials: No bailout yet for Ireland
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GJDailleult
Here is today's dirty little secret. A bank fulfills its economic role when it creates the money and makes the loan. Whether or not that loan is paid back (ie. the money loaned exceeds the underlying collateral) is a private contractual matter between the borrower and lender. Who takes the loss is of no importance to anybody else.
Any country who feels they must "rescue" the bank, or any country who has to rescue the bank because they have allowed the bank to strap a bomb around their chest and point a gun at the country's head, is a country that has put a noose around their neck and jumped off the chair.
Ireland is just the latest canary. Get ready to jump everybody.
Posted in: European officials: No bailout yet for Ireland
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GJDailleult
@usaexpat - very well said. But unfortunately, as the pictures last week of Cameron and his boys kowtowing and begging for scraps before Hu Jin Tao showed, there will be no change of directions. There is going to be a doubling down.
Or as a certain JT poster would say, "the solution to 40 years of economic idiocy is to increase the idiocy. That will fix all problems."
Posted in: Cameron says UK still a world power
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GJDailleult
Well where was Britain before PM Camera-on became prime minister? When you elect someone whose area of expertise is public relations, then you are going to get some great sounding talk, and he is great at making meaningless statements like that sound important. But unfortunately, the UK's problems are economic and legal, and he is clueless (or pretending to be) there. Dark Ages Economics 101 is only going to screw things up even worse, no matter how much "conservatives" think they want it.
Posted in: Cameron says UK still a world power
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GJDailleult
There is an estimate that the cost of killing one Taliban soldier is $50 million. I have no idea if the estimate is accurate or not.
But let's assume it is. If I was getting paid $50 million for each guy I killed I wouldn't be in any big hurry to defeat my enemies, or give up, either. "Containment" would be my plan too.
Posted in: UK armed forces chief: West cannot defeat al-Qaida
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GJDailleult
Indeed. Just keep this in mind and it will help you understand all this stuff. 99% of post-war American economic theory is complete junk. Rubbish. Bollocks. Just a lot of crap to give cover for asset stripping and wealth extraction. Now that things are blowing up on them they don't have a clue what to do, because all they understand is the junk economics that got them in this mess in the first place. And all the guys who could have explained it to them like Keynes, Fisher, Minsky, etc. were ignored and are now long dead.
But nothing is happening that was unpredictable to people who actually understood or understand economics, as opposed to American economic fundamentalism.
Posted in: G-20 faces urgent task of averting trade war
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GJDailleult
Just too damn easy to get the peasants to blame their fellow peasants and fight among themselves ain't it.
Britain doesn't have financial and economic problems because people are on welfare. Britain has financial and economic problems because of the anti-capitalist, parasitic corporate welfare state that PM Camera-on and his crew blatantly represent and support. Any politician who doesn't make dismantling that corporate welfare state his first and only priority, and instead wastes his time going after the unemployed, has ZERO credibility. Same goes for anybody who supports that politician's policies. Until the UK returns to a sane economic system, including a complete Sweden style shutdown of the banking system, all this is about is hypocrites getting tough on welfare bums and/or economic victims on the bottom while they suck on it themselves at the top.
But that sanity will not return until the turkeys stop voting for Thanksgiving. But I think it is clear by now that in any country, the turkeys ALWAYS vote for Thanksgiving. Actually, the choices are only for which style of Thanksgiving dinner you want to have. Cranberries or gravy???
It's going to be a long, slow ride down everywhere, not just in the UK.....if we are lucky. If we are not lucky it will be a very fast ride down.
Posted in: Off the sofa! UK gets tough on welfare
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GJDailleult
How about "off the settee" or "off the loveseat"? Do they work too?
Posted in: Off the sofa! UK gets tough on welfare
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GJDailleult
Why did he get the Peace Prize for ending the Cold War? Everybody knows St. Ronald did that all by himself.
Posted in: Gorbachev pulls out of Peace Prize winners' meeting
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GJDailleult
That was the same logic behind the Plaza Accord in 1985, when Japan agreed to let its currency rise. Twenty-five years later and Japan still has a trade surplus with the USA. If you got little to sell, and the other country has barriers to what you actually do have to sell, then nothing will change. Just price inflation for the schmucks at the billy five and dime company store. And China thinks that Japan committed economic suicide by letting the yen rise, because that led to the bubble, and they have no intention of doing the same.
And that $600 billion. Other countries have a very good reason to be angry. Just a gift to Wall Street. They take the money out of the USA, buy assets around the world and push up the prices, and push down the US dollar. Then sell at a profit, and convert back into cheaper dollars. A plan for the rest of the world to subsidize the zombieland of bankrupt American banks, that is all it is.
Posted in: G-20 faces urgent task of averting trade war
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GJDailleult
A little sanity at the end of the article.
In a perfect world, I would have no problem with these proposals. I spent time after university on the dole, and consider it a mistake. Obviously a de-motivating factor.
But the UK's problems are not caused by the lazy parasites at the bottom. They are caused by the lazy parasites at the top. Shut down the "finance" sector and make the scum go out and get real, productive jobs. Then a lot of the problems at the bottom will just go away.
Posted in: Off the sofa! UK gets tough on welfare
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GJDailleult
Let's get this straight. First the UK raised tuitions because a degree got you a higher salary, so you should pay for that and not society. Now they will raise tuitions because a society full of university educated people can not afford the cost of people going to university.
In other words, you had to pay more because the economy was good, but now you have to pay even more because the economy is bad. Reality is that the plantation owners need more and more blood from the debt-slaves to keep the plantations running. One day a new Galileo will come and say, "actually the sun does not revolve around the earth." Until then you are screwed. But Galileo will probably end up shot by a lone gunman in a book repository building anyways.
Enjoy living in the new Dark Ages kids.
Posted in: Thousands of UK students protest tuition fees hike
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GJDailleult
Bilderberg??? They were, except for Rose and Hicks, his partners in the ownership group. Hicks was the guy who bought them out, and made George Bush a millionaire on his own, without having to depend on family money. If somebody wants to say this cozy little arrangement was related to Bilderberg, they are making much bigger accusations than I was.
Also, that the Kanye West thing would bother him is not so strange at all. I would say that judging from the things he said over the years that he is clearly NOT a racist or even a nativist, and if the policies and inaction made him look that way, he would be bothered by that.
Posted in: Bush is back, and eager to help history judge him
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GJDailleult
Karl Rove, William DeWitt, Mercer Reynolds, Richard Rainwater, Rusty Rose, Tom Hicks.....
But hey maybe giving away 10% of the ownership of a baseball team as a gift is common stuff nice guy businessmen do in the sports world, and there were no other motives. I hear Jerry Jones gives away chunks of the Cowboys all the time!
Moderator: Back on topic please.
Posted in: Bush is back, and eager to help history judge him
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GJDailleult
Bush was never more than a frontman, that was obvious going all the way back to his "ownership" of the Texas Rangers, which was just set up by his backers to give him credibility. You can criticize him for being willing to be a frontman, but the "Bush" policies were no different from what they would have been under any other Republican. If he was actually responsible for what happened, then the Republican party would have made changes to recover from his leadership, and the Democrats would have worked to undo the damage he caused. Neither happened.
Cut the guy some slack, he was just a small cog in the machine, and the machine is out of control.
Posted in: Bush is back, and eager to help history judge him
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GJDailleult
One more time. The free market can not provide full health insurance as it can not provide the insurance at a price that is affordable to the customer, while still making a profit. That is why the USA does not have universal private sector provided health insurance.
Now I don't really care if the US has universal health care or not, but the idea that there is a free market solution for a free market problem is just another example of how far the US has strayed off basic ideas of economics and capitalism. The reason for that is either ignorance or greed, I am betting on greed. Lots of money to be made serving only the profitable parts of the market.
Posted in: Republicans in charge take aim at health overhaul
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GJDailleult
That comment is so 19th century. Nobody is rich in the 21st century because they are productive, they are rich because they have access to an unlimited increase in the money supply in the post gold standard world. They MAY have the access because they are productive (ie. Steve Jobs), but more likely they are rich because they are in a business with first crack at the new money (ie. bankers).
Money today is not a "thing", it is just debt. One man's money is by definition another man's debt, and if some people hoard all the money then the debts won't be repaid and the system falls apart. Republicans (most people actually) have the irrational idea that debts and deficits are bad, but being rich and keeping all your money is good. Impossible, just two sides of the same coin. No debts, no rich people. To keep being rich, rich people have to circulate the money so debts can be paid and new debts issued.
Nothing class-based about it, it is just the reality of the new and insane monetary system. In fact the real war is not between the rich and the poor, it is between the productively rich and the non-productive rich who are willing to bring down the economy in order to keep their "money". By fighting that reality, the Republicans, and the Democrats if they compromise, are just going make the problems worse.
Posted in: Obama says 'midcourse corrections' to come at home