JeffLee's past comments

  • 3

    JeffLee

    Do people like Helen Clark ever wonder how Japan has managed to maintain a 4-5% jobless rate after 2 decades of recession, and avoided creating dysfunctional benefits communities like in the UK in the 1980s and modern Spain?

    Or people like Helen operate only on preconceived notions?

    Posted in: Japan must eliminate misogny in workforce: UNDP chief

  • -1

    JeffLee

    "Both countries have seen first hand how the money that people believed had value one day all of a sudden stopped having value the next, when people stopped believing it to have value."

    YOu make NO sense. Cyprus uses the Euro. You're saying the Cyrpriots woke up one day to find the Euro had no value??!? Well, if that's true, and if you've got any euro, feel free to transfer it all into my account. I'll find some good uses for this "worthless" paper currency.

    "....the only thing that gives these value is people's belief that they have value."

    It's not about "beliefs." It's about the hard fact they can't pay their taxes, mortgages, and or meet any of their major, life-supporting obligations without a paper currency. Bitcoins, however, don't come close to fulfilling that role. And as long as it's not issued by a central bank, it will NEVER have that role.

    Posted in: Angry Bitcoin investors demand answers at Tokyo creditors' meeting

  • -1

    JeffLee

    Strange article that totally ignores the last Olympic Games here, Nagano 98.

    Nagano was a financial and business failure. The authorities burned the financial records and local business complained of losing their regular customers. Is that "legacy" also going to be repeated?

    Posted in: Tokyo seeks repeat of Olympic legacy bonanza from 2020 Games

  • -1

    JeffLee

    The guillotine is the least painless and most fool-proof method.

    Posted in: Condemned man takes nearly 2 hours to die in botched execution in Arizona

  • 7

    JeffLee

    "Another Greece is not that far off for the Europeans."

    European countries with the most generous government healthcare systems, like Scandinavia and Germany, withstood the financial crisis a lot better than countries with smaller systems, and much, much better than the US did.

    Posted in: Obamacare: More than 10 million uninsured signed up

  • 0

    JeffLee

    "Ask the Cypriots and the Argentinians about this, they will be able to tell you first hand about how money that was previously thought to have value all of a sudden can have no value."

    So the Cypriots and Argentians are now meeting their obligations with Bitcoins or perhaps gold or platinum? Enlighten me.

    "That just means more people agree that the paper with some numbers written on it, or the computer screen that shows a bank balance, have value."

    About 6 billion more people, and all the world's major institutions, and the global economic and trade system as a whole. Small potatoes, eh? The day that your yen or dollars is rejected by the authorities to meet your major obligations, like taxes, is the day I'm wrong.

    Posted in: Angry Bitcoin investors demand answers at Tokyo creditors' meeting

  • -1

    JeffLee

    "In fact, bit coin is not really so different to the paper we have in our pockets with number printed on it."

    Wow. OK, then, try paying your taxes or your mortgage in bitcoins and see what happens. LOL. The yen is backed by the world's 3rd biggest economy.

    Bitcoin is backed by the cult of "Satoshi" who probably doesn't even exist, plus an overweight incompetent Frenchman and his mates.

    "It's exactly the same thing"

    That's too funny for words.

    Posted in: Angry Bitcoin investors demand answers at Tokyo creditors' meeting

  • 3

    JeffLee

    "It's not like Tokyo is the only worthwhile place in Japan to live."

    It's often about schools. A lot of professional people are obsessed with getting their kids in the best schools....in Tokyo. That explains the "tanshin funin" phenom. Osaka, etc. is filled with these "married bachelors." That's Japan for you.

    Posted in: Public pension fund to move to new office

  • 4

    JeffLee

    My Japanese neighborhood lacks shade, because the very few trees are small and aggressively pruned, and the Japanese covet sunshine to dry their laundry. The result is that the place heats up drastically during the afternoons, and the pedestrians look like they're being beaten up just by walking down the street.

    All the houses are also south facing, creating a wicked green house effect indoors. No wonder everyone gets so dehydrated.

    Posted in: 3,179 people taken to hospital for heatstroke July 14-20

  • 0

    JeffLee

    "I don't think a "complete financial meltdown" would have occured"

    Haha! Some people have short memories. 2008 was a contagion, wiping out wealth everywhere, from GM to Iceland banks to Greece, to the Nevada property market, to the airlines, etc., etc., etc..

    The gov't's were forced to step in with money and stimulus, otherwise, the entire house of cards would have collapsed. Except possibly in Norway, Singapore, Canada, etc., where gov't's were already pro-active and fully engaged.

    Iceland later learned its lesson by jailing the private-sector scumbags responsible. We did not. And we will eventually pay a horrific price for that.

    Posted in: Murdoch tells G20 gov'ts to take a back seat for growth

  • 1

    JeffLee

    "The irony is that Japan is a major supplier of the chips used in the Iphone..."

    I don't know where you got your info from, but the CPU is made by Taiwan Semiconductor, while it was previously made by Samsung.

    Renessa, a Japanese chip supplier for the display, is in dire financial straits.

    Posted in: Gov't aims to curb iPhone influence

  • 0

    JeffLee

    Surround your house with grass and lots of unpruned leafy trees. Then ignore the stream of uptight complaints from your Japanese neighbors about shade, encroachment, debris from fallen leaves, etc.

    Posted in: What is the most environmentally friendly way to keep cool in summer?

  • 1

    JeffLee

    "The parasites we call government is pillaging everyone...."

    I guess you missed the fact that the "pillaging" of 2008 financial crisis was caused entirely by private business? And that gov't's role ever since has been to fix the massive damage and wealth-destruction these private-sector scumbags have inflicted on us all?

    And don't forget: corporate welfare is at an all-time high. If gov'ts withdrew their money train to the private sector tomorrow, nearly all the world's large private corporations would collapse. Whose the "parasite?

    Posted in: Murdoch tells G20 gov'ts to take a back seat for growth

  • 0

    JeffLee

    "Japan is the only industrialized country that enjoys the fact that its own people own most of its debt."

    That isn't true at all . Most industrialized countries hold the majority of their fiscal debt internally, including the United States.

    "That is special. No other country can do that."

    Yes, Japan is "special," isn't it. Just like Canada, Switzerland, Singapore, Taiwan, and so on and so and so and so on.

    http://useconomy.about.com/od/monetarypolicy/f/Who-Owns-US-National-Debt.htm

    Posted in: Inflation vs deflation: Which is right for Japan?

  • -1

    JeffLee

    This article is refreshingly good. Most of the economics commentators rant about the size of the deficit, cite risks that only exist in their imagination and make predictions that never come true.

    However, I would point out that deflation is largely a symptom of globalization. Globalization has effectively ended the high-growth years forever for the mature countries.

    "The size and quality of almost everything you can buy has decreased in size/ volume/quality."

    I assume you haven't been to Seiyu, Costo, Ikea, Nitori and host of other retailers lately.

    Posted in: Inflation vs deflation: Which is right for Japan?

  • 0

    JeffLee

    As for profit-shifting, I'm all for it as long as we individuals are all allowed to do it. For example, I want to register my residence in a Caribbean tax have and deal with my tax and other obligations there, while working and and living in Japan, where I can benefit from the social security, infrastructure and opportunities here. Yeah, let's have it!

    These benefits should be restricted to the super-duper rich.

    Posted in: Murdoch tells G20 gov'ts to take a back seat for growth

  • -2

    JeffLee

    "Yusuf Islam."

    Are you serious? Cat Stevens, the English folk singer, who supports the fatwa (death sentence) against Salmon Rushdie? LOL.

    (Check youtube: "Cat Stevens Calls For The Death Of Salman Rushdie")

    Posted in: Do you think the world is more dangerous today than, say, 10 years ago?

  • 0

    JeffLee

    No role for gold anymore, eh?

    Posted in: Investors to keep eye on geopolitical tensions this week

  • 2

    JeffLee

    "Martin Luther King, Nelson Mandela and other great men created more freedom for their people."

    They weren't Muslims. Tell me the name of a great Muslim peacemaker. LOL.

    Posted in: Do you think the world is more dangerous today than, say, 10 years ago?

  • 1

    JeffLee

    "Frankly I don't think there should be a problem with government subsidies of r&d or large scale projects like this one..."

    I think corporate welfare is a problem. Especially when everyone is hysterical about the government's unprecedented debt level, while the same govt hands massive amounts of public funds money to a wealthy corporation that's fully capable of standing on its own feet, just so upscale consumers can drive their expensive cars that most of us can't afford.

    I propose that if Toyota earns profits as a result of this venture, then it be obligated to "give back": issue shares deposited in the state pension fund.

    Posted in: Abe says gov't will offer Y2 mil subsidy for fuel-cell cars

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