JAPAN NEWS AND DISCUSSION
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- Financial Advisor
- Select Asset Management KK, Tokyo
- Salary: ¥100,000 ~ ¥999,999 Paid Training Commission Based
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- Corporate Business English Trainers
- ACT Systems, Inc.（株式会社アクト・システムズ）, Tokyo
- Salary: ¥269,500 ~ ¥280,000 / Month
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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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GJDailleult
5Speed is right there, it is an exact replay of what happened in Japan, and the danger is that the result will be even worse. Borrowing free money from the Fed and then investing it at 3% or so is a nice way to make money, even an idiot like me could do it, but it is not banking. Quantitative easing (aka giving away money to banks) didn't work in Japan, so why is it going to work in the USA?
Posted in: Obama urges banks to find ways to increase lending
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GJDailleult
It's simple stuff, a bubble bursts when you run out of borrowers to take on more speculative debt. The people who borrowed before now can't sell to a new borrower and so can't pay the money back. Banks now can't lend to real businesses because they know that they are not going to get paid back on the speculative loans, and that they are broke. The government pours in money to "rescue" the banks, but the amount is still less than the amount being lost - kind of like a patient who is bleeding to death, you can give him a transfusion but if you can't stop the bleeding he is still going to die. And the bankers take the rescue money and cook the books to make it look like profit, and pay themselves nice, fat bonuses.
Some people know all that, but they can't say it. Other people haven't even figured it out yet. So you get smoke and mirrors solutions, and "tough talk" from Obama. It's all just to keep the plane in the air and prevent panic.
Posted in: Obama urges banks to find ways to increase lending
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GJDailleult
That is an interesting quote. How much was their decision based on his secret lifestyle, and how much on he has handled things since the news broke. "When things go badly, hide in your house and quit your job", is not exactly the image Accenture is trying to project.
Posted in: Accenture marks 1st sponsor to cut ties with Tiger Woods
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GJDailleult
If Tiger had just been a cool, charming ladies man having "affairs" because he couldn't stay away from the temptation, he would have come out of all this with no real damage except for a little embarrassment. But it's the sleaze and the porn-movie lifestyle that the sponsors are going to be running away from, and that is what is going to cost him.
Posted in: Tiger Woods' sponsors start backing away
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GJDailleult
As always, the people commenting seem to have a delusional idea that it matters if the Democrats are in power or the Republicans are. The banks own them both, they should really try to get their heads around that.
Posted in: Obama blasts banks for opposing financial overhaul
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GJDailleult
When people are still talking about fixing the hole in the roof after the house has already fallen down, that means there is some pretty serious denial going on. The debt-based, speculative, fraudulent neo-liberal economic model has collapsed, it is as simple as that. If you can't even identify the problem, then you sure aren't going to fix it.
Posted in: Obama blasts banks for opposing financial overhaul
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GJDailleult
I think you have that backwards. It is all another massive industry take over of government.
Posted in: House passes massive overhaul of Wall Street regulations
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GJDailleult
The other thing you could add that Japan has going for it is that it doesn't have the massive amounts of private debt that the USA, UK, and others have. Public debt/GDP is the world's highest, but in terms of total debt/GDP other countries are in much worse shape.
Posted in: What's up with Japanese economy?
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GJDailleult
21st century bankstering is just government subsidized organized crime. Forget about tax, there should be ZERO bonuses when somebody works for a bankrupt, socialist, saved by the government bank. Lay them off and let them take their supposedly brilliant banking "skills" elsewhere.
Posted in: UK announces one-time tax on bankers' bonuses
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GJDailleult
I think Climategate is going to turn out to be a major tactical screw-up by the denialists. Much better to sit in the shadows and whisper rumors to stir up doubts than come out in the open and expose yourself with hysterical hyperbole and an incredibly naive view on how the world actually works. Stuff like "Big business is going to profit from this, it's a boondoggle!!!!" How old are these people anyways, two years old? I got news for them, there isn't much in the world that isn't a boondoggle, that exists so that people with access to money can get more of it. Or did half the world's manufacturing move to China, because that is really, really good for society? I'm also really fond of the argument that man-made global warming can't be happening because man is really, really tiny and the earth is really, really big. That one is great.
The bottom line is that the politics and Luddite attitudes are just a sideshow. The important point is that it is scientifically impossible to prove that man-made global warming is NOT happening. That is a scientific fact. That means the possibility exists, and a lack of proof that it is happening doesn't eliminate that possibility and risk, and the fact that that risk has to be dealt with. Anybody who doesn't get that gets nothing.
Posted in: Climate summit opens with boost from U.S.
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GJDailleult
If you decide to operate an economy as a debt-fueled, speculative bubble, why are people surprised when the bubble bursts and the jobs disappear? 30061015 is on to something about going off the gold standard, but the tsunami wasn't government money, it came through the banking / financial system.
Posted in: Obama calls for new ideas to create jobs
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GJDailleult
timorborder- in the USA, the domestic politics tail always wags the foreign policy dog. Not criticizing really, that is just how it works.
Posted in: Skeptical Democrats resign themselves to Obama war plan
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GJDailleult
Our economy is already doomed for a bunch of other reasons, or haven't you been paying attention?
Posted in: Australia's global warming bill defeated in parliament
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GJDailleult
Some Aussie pols stabbed their party leader in the back. They know about as much about climate science as the average JT poster does, so pretty meaningless stuff.
Posted in: Australia's global warming bill defeated in parliament
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GJDailleult
So the "strategy" here is that they are going to do in less than two years what they haven't been able to do in eight, and because a surge worked in Iraq then a surge will work in Afghanistan. I wonder how many top military guys actually believe that. I would guess not many.
Posted in: Obama orders 30,000 more troops to Afghanistan
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GJDailleult
Not smoking anything mindovermatter, and I agree with you. I'm saying that whatever the American system is, it is not capitalism. Capitalism does not mean you let industry regulate itself, that is just crazy American ecobabble which propaganda victims are told is capitalism. In capitalism, banks that lose all their money go BANKrupt, and people who provide capital (aka "capitalists") are paid for providing the capital. They don't just hand it over to speculators to gamble with. And by the way, banks and financial services do not equal capitalism - they provide a service TO capitalism, a distinction that seems to be lost on about 99% of people. The kind of people who attack Moore and side with the people who have been robbing them. Disagree about Dubya though. The destruction of the system brought on by the growth of the financial industry started long before him, he was just a passenger on the train.
Posted in: Less for Moore
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GJDailleult
The USA is not a capitalist country. Americans have simply stolen the word to legitimize their "system". The movie should really be called "Corporate Socialism: A Love Story".
Posted in: Less for Moore
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GJDailleult
daoster - If something can not continue forever, then it won't. The only question is when it will stop. Peak oil will be here sooner or later, and it is hypocritical for people to work themselves into a frenzy over claims of fraud in climate science (because that fits with their thinking) and ignore claims of fraud in the calculation of oil reserves (because that doesn't). Personally I don't think it matters if climate change is happening or not, because the energy change is going to come anyways. It will just be a question of whether the other sources can come online as fast as oil goes off, because they wouldn't be able to now.
Posted in: Climategate: The fix is in
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GJDailleult
Let me see here. There is a choice between two energy sources. Energy source A requires the constant discovery of new sources, a massive transportation network, and is a depleting resource. It will face increasing costs of production and, as a mature industry, is will be more and more difficult to reduce costs through technical innovation. It will at some point reach a production peak where the amount of energy used in the extraction and transport will exceed the amount of energy extracted. Some people argue that point is very close or even already here, but that that information is being withheld and that fraudulent figures are being produced to avoid panic and instability in the world economy and markets. It also creates massive amounts of political instability, pollution, and a large percent of the greenhouse gases blamed for global warming. However, some people don't think global warming is actually happening and claim the science behind it is a fraud.
Energy source B on the other hand requires no exploration or transportation and is unlimited. It faces continually falling costs of production as new technologies come on line. It does not create political instability, pollution, or greenhouse gases.
And the correct choice is of course energy source A!!!! Because Global Warming is a RELIGION and the people who believe in it are IDIOTS and people are making MONEY from it!!!!
Hehehe, tell me again, who is an idiot?
Posted in: Climategate: The fix is in
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GJDailleult
Scientists commiting fraud is proof only that scientists commit fraud. If Denialists want to pretend it means more than that, it is just a sign of their lack of logic.
Anyways, he destroyed his position with that second last paragraph. Which abundant sources of energy is he talking about - coal, oil, nuclear? Guess he is unaware that the IEA's estimates of global oil reserves are, according to many people, fraudulent, and that Peak Oil is already here. Or is fraud OK in that case? Can always drive a coal car or fly a nuclear plane I guess. Can't use anything solar or electric, cause that would due to FRAUD!!!!
Posted in: Climategate: The fix is in