Monday May 28, 2012

MeLuvULongTimes's past comments

  • 1

    MeLuvULongTimes

    Thank you Wurthington. Yeah, the idea of arms sales may actually work and gradually improve Japan's economy. But if the JGov actually approves it, there will be many negative political repercussions in Japan and throughout the world. And let us not forget how President Eisenhower warned us of the dangers of building up a military-industrial complex back in the '60s. That is exactly what happened in the US and nothing good has come out of it. It's like a snowball rolling down a hill. As it goes down, it gets bigger and bigger and bigger until it becomes an out-of-control landslide. And for that to happen in Japan, well, let's just say for now that China, Korea and other Asian nations would not be very happy at all.

    Posted in: IMF says Japan should raise consumption tax to 15%

  • 3

    MeLuvULongTimes

    @oginome You make some very good points and I really hope that you are right. But I have many doubts as the world just cannot endure another Eurozone collapse. If so, game over.

    And yes the unemployment rate has been steady in Japan, but what does that rate really mean? Just like in the US and other nations nowadays that percentage is mostly a measure of those who have had their unemployment benefits expire. Of course, some highly qualified folks quickly get new jobs. But for so many others, that rate does not measure underemployment or those who have just given up. And there is no way to tell exactly how many of those unfortunate souls are currently in that trap.

    And you're right on as most of Japan's debt is internal. That's good and bad in a way. But don't forget the Japanese National Pension System went from net buyer to net seller about a year ago or so. So that means that the need for more JGB buyers has been considerably increased and the model of a self-sustaining internal debt machine is starting to crack. As I'm sure you know, that kind a system only works as long as there are new participants or buyers coming into the matix. So with that very significant change of the JNP coupled with the drastically low birth rate, the number of incoming participants is rapidly decreasing. Therefore, at some point in time, they will have no other option but to offer the JGB to the world market. And, of course, the world sovereign debt market is also extremely competitive. So I really just don't know of any real long-term solution for Japan at this time. Perhaps you do?

    Posted in: IMF says Japan should raise consumption tax to 15%

  • 2

    MeLuvULongTimes

    @Equality A very good idea. But don't forget that 50% of JT is owned by the Japanese government. So if they raise taxes on smokes then more people will quit. And, of course, that would mean even less tax revenue for the JGov. And that will mean even more debt just to keep JT afloat. Raising taxes on alcohol might work for a while as the lifeblood of Japan is alcohol so that may happen soon.

    And there is another possibility which apparently is now being discussed in the Diet and that is arms manufacturing and world wide arms sales. This includes all kinds of weapons and even nuclear weapons. That would increase employment and tax revenue, however the word "nuclear" is not a very popular term these days. So that may limit the plan somewhat.

    Also the worldwide arms sales market is extremely competitive. And with Japan getting into it all only now would be a very difficult task. Then to realize real revenue and profit would take some considerable time. Furthermore, even if it does pass through both houses, how would they get it all started and keep it running for the first 10-15 years or so? With more debt from all of the subsidies that will have to be furnished by the JGov. So this too may not a viable solution. It's just an idea at this time.

    So, as far as I see it, there are not many other real revenue generating ideas being discussed. Well, perhaps faster and cheaper production and sales of more stable electric cars, but that too is unsure at this time and time is running out. So, so.....(?_?)

    Posted in: IMF says Japan should raise consumption tax to 15%

  • 1

    MeLuvULongTimes

    I am somewhat optimistic and think (hope) that things will get better in time. But at this point there are many very dangerous economies on the brink. And if just one of those goes pop..... :/

    Posted in: IMF says Japan should raise consumption tax to 15%

  • 2

    MeLuvULongTimes

    @oginome-san. Almost forgot, but now, right now, the entire nation of Japan is running on just four nuke reactors. And most likely, they too will have to be shut down sometime in the near future. In the mid - long time, they will ALL have to be shut down as more and more earthquakes continue to erupt.

    Therefore, the dependency on fossil fuel will increase imports even more. And as the current oil wars/conflicts, sanctions and trade wars increase - the more it will all cost. Result = more debt for the whole world not just Japan.

    @tokyokawasaki Thank you for your post. You are right on the mark. Also, the creation of the US Federal Reserve in 1913 just made everything even worse. Now the central banks are just trying to stabilize and delay the imminent economic global collapse. It's no longer a question of "if" only "when."

    And then what?

    God help us all.

    Posted in: IMF says Japan should raise consumption tax to 15%

  • 5

    MeLuvULongTimes

    Japan's economy is not as in desperate situation as so many think. It's much stronger than US and UK.

    You need to put that sake down oginome-san. The purchase of Eurozone debt was just a political move and a delay game tactic. Nothing more. And in case you missed it, you should read this latest round of really bad news for Japan:

    "UPDATE 3-Japan's first trade deficit since 1980 raises debt doubts"

    http://www.reuters.com/article/2012/01/25/japan-economy-trade-idUSL4E8CO5N420120125

    And as we all know, Japan's entire economic model is based on exports. Up until 2007, that was working pretty well. But then came the 2008 collapse and the Lehman crash and that changed everything. And don't forget the aging depopulation problem that doesn't have any real solution in sight. This will become much more significant very soon as the health care payouts and pension payments increase even more. More debt.

    Major manufacturers are now moving production out to other countries. That equals even more unemployment/underemployment (permanent) and more welfare payments and even more debt.

    The trifecta disaster up North equals even more debt.

    70% of the 11 trillion dollars of household assets in Japan are held by people 71 and over. Of course, when they pass on the gooberment will realize a mid-term windfall from the inheritance tax revenue. But it won't even be close to enough to bring down the debt. So, in time, consumption taxes will have to be raised from 20% to 25% and then 30%. Once raised, no taxes ever come back down.

    But even that won't be enough as more than half of ALL of the JGov tax revenues will have to be used just for interest payments on the ever increasing debt. Right now it's already at 50% and climbing.

    Thus, the only way out of this vortex is for Japan to offer JGBs to foreign markets. But in order to make the JGB competitive on the world market, the BOJ will have to raise the interest rate and that will result in even more debt. Then they'll have to raise it again. Even more debt. And then again as the rest of the world recovers and offers better interest payments on their sovereign debt. And if Japan's long rates go too high - BOOM! Deflation will turns into hyperinflation overnight.

    Then what?

    Posted in: IMF says Japan should raise consumption tax to 15%

  • 0

    MeLuvULongTimes

    At some point of time in the future, things will improve. And Japan will repatriate its offshore production and the export industry will rebound. I think with the slow recovery of the US economy things may soon start to pick up again in all of the developed nations. However, many are now concerned with China's recent economic drop. Their housing market is starting to decline and many Chinese folks are very upset. Let's hope that it doesn't pop too soon. [praying hands]

    Posted in: Japan sees first annual trade deficit in 31 years

  • 2

    MeLuvULongTimes

    Most Japanese are very religious about being Japanese.

    Posted in: How religious do you think Japanese people are?

  • -1

    MeLuvULongTimes

    The reason for this is because Japan is the world's superpower in WTF, NSFW and Forever Alone!

    Posted in: 61% of single men aged 18-34 have no girlfriend; 49% of women unattached: survey

  • 0

    MeLuvULongTimes

    Oh Look! Here is another one:

    Tokyo Police Arrest Ex-Ceo For Stock Market Manipulation; Yakuza Links

    http://www.japansubculture.com/2011/11/tokyo-police-arrest-ex-ceo-of-tse-listed-company-for-financial-crimes-yakuza-involved/

    And the mass extermination finally begins!

    Posted in: Ousted Olympus CEO Woodford arrives in Japan to meet investigators

  • 0

    MeLuvULongTimes

    if the yakuza-corporate connection is even more extensive than that revealed through this investigation, as in the case of more connected companies tepco, for example

    @ubikwit I can assure you 100% that the yaks tentacles extend much, much further into corporate Japan. They are involved in ALL industries and, especially, the finance industry. I have a high level financial analyst friend based in Tokyo and he has told me that and also that the Yaks were partially responsible for the Lehman collapse of 2008. And not only Lehman, the list goes on and on and on...

    Posted in: Ousted Olympus CEO Woodford arrives in Japan to meet investigators

  • 2

    MeLuvULongTimes

    Title should be "Many Parts of Japan Too Radioactive to Live"

    Posted in: Parts of Japan too radioactive to farm, say int'l researchers

  • 1

    MeLuvULongTimes

    Nowadays Japanese 71 and over hold 70% of $11 trillion or $7.7 trillion in household financial assets. This is very significant as the next younger generation will soon inherit this wealth. But Japan has an inheritance tax that ranges from 10% to 50% and the J-government will realize a very big tax windfall in the coming years. Also since a great amount of this wealth is in JGB's, this combined with the additional 5% sales tax rate, may be the key to significantly reducing the nation's debt!

    But this could all be a very short-lived scenario. Now more than ever, so many domestic and international firms are reducing their Japan presence or just leaving altogether. Also with with the shockingly low birth rate showing no end in sight, without some major policy changes, there simply will not be enough future tax revenue for sustainability. The 3-11 trifecta of disasters could not have come at a worse time. RIP Japan.

    Posted in: Japan to double consumption tax to 10%, G20 action plan says

  • -1

    MeLuvULongTimes

    And of course she got it from a foreigner in Roppongi...

    The sentence is so wrong. She and many, many others around the globe need help, not condemnation, imprisonment and death. Drugs are a medical problem, not a legal one.

    Posted in: Japanese woman sentenced to death in Malaysia for drug smuggling

  • -5

    MeLuvULongTimes

    There will be many more similar hotspots discovered as they continue looking for them. In addition to the rain carrying the radiation all over East Japan, flying insects from the Fukushima area are eaten by birds. Then the birds fly all over Japan and release irradiated droppings all over Japan and probably other nearby countries as well. There is no escape within the country. The only way to avoid getting contaminated is by leaving and moving far away. RIP Japan.

    Article Unavailable

  • 1

    MeLuvULongTimes

    When will the criminal negligence charges be filed against the management?

    Article Unavailable

  • 1

    MeLuvULongTimes

    And as the article states the detection of seismotraveling ionospheric disturbances has now been confirmed by Taiwan and Japan. Now that is at least three and maybe five nations that have detected high levels of activity above Japan. So where did it come from?

    Posted in: March 11 quake even rattled upper atmosphere

  • 1

    MeLuvULongTimes

    Thank you all. Well, Arto Lauri may not be a scientist, and his theory may not be 100% correct, but it may hold some validity. Especially the part where he talks about the ionization of the atmosphere above Japan prior to the quake. In addition to the Chinese and Russians, NASA also detected increased ionization above Japan prior 3-11.

    Also I believe he is talking about "Methane clathrate": http://en.wikipedia.org/wiki/Methane_clathrate

    Posted in: March 11 quake even rattled upper atmosphere

  • 0

    MeLuvULongTimes

    This may be true and, hopefully, it will detect tsunamis in the future. However, a few days prior to the quake there was a high level of ionospheric activity discovered. Finish nuclear scientist, Arto Lauri, explains his theory based on the research he has done on the Fukushima accident:

    In 2008 the production of uranium turned to be negative in terms of energy efficiency. In 2007 Putin announced that Russia will stop producing uranium, as it is unprofitable. At the end of 2008 Russia cut off the supply of uranium, thus 70% of the global supply was lost. Europe hadn’t prepared for this, so there was a need to fill the gap in production. Areva announced that they had excess uranium from the exploded facilities of Sellafield (UK) and Superphenix (Japan). The uranium however contained 3,5% of uranium-235 and 6% of lethal plutonium. Anne Lauvergeon stated that this uranium was fine and it was approved by IEA. Then a massive cargo of this plutonium was exported to Japan. During the first year everything was fine, until in 2010-2011 they started doing revisions to the reactors. When the reactors were opened they found out that there was three times more afterheat and steam than normal. It couldn’t fit in the drivers of “vetvel space” where it is supposed to normally vanish. So they opened the reactors and started blowing the air to the atmosphere. This continued, they opened more reactors are [sic] started releasing the air, this caused Ionization levels over Japan to skyrocket. Then NATO and IEA which monitor the ionization levels were alarmed about the rising levels over Japan. First they tried to push the ionization down with chemtrails so that the nitrogensphere wouldn’t explode. It didn’t help.

    Then they started pushing the ionization cloud down with HAARP for 2.5 days according to Russian and Chinese sources. With this 1000 megawatt device they pushed massive amounts of energy to the atmosphere. They didn’t understand was that the ionization cloud acts as a iron nail grounding all the energy to the soil. This energy then reached the rock foundation and plezoactive quartz crystals in the ground started vibrating. These vibrations caused the rock bed to become unstable. So this tectonic boundary under Japan started moving. This caused the tectonic boundary to release its energy leading to earthquake leading to tsunami.

    When the tsunami came it cut off the electricity. This prevented the after heat from the reactors to be pumped to the sea. They had to push it straight to the ether. When the hot steam was pushed upwards it started “breathing”. It took in oxygen which led to hydrogen explosion. First the reactor 1 exploded. After few days the reactor 3 exploded. At this point, as the rock foundation was tectonically active, the energy from the explosions went to the rock bed. Under Japan, about 2 kilometers deep there is methane-gas-clutter which is methane in a form of ice. It is based on the sensitive balance of pressure, the temperature has to be about 2 degrees celcius. The impact hit there. Under the reactors the leakage of neutron had drilled deep holes or pipes into the rock formation. The methane-clutter under reactor 4 increased 168-times in volume. This is the theory of Nils Axel Mo”rner. And it exploded in a second coming up trough [sic] the pipe with huge speed. It hit the reactor 4, which was stopped and contained no uranium, thus everyone wondered why it even exploded. Pictures were never shown anywhere and the public wasn’t told about this. I’ve seen a picture where a 14-meter-thick concrete wall had exploded because of the massive impact. The methane-clutter came at a cosmic speed creating a blue one kilometer high flame trogh [sic] the reactor. It made a lane of half a kilometer in diameter under the reactors.

    15 minutes after the reactor 3 had exploded the reactor 2 suffered damage exploding. The whole chain of reactors exploded like this. Everywhere on the Earth, starting in 600 meters there is a layer of methane-clutter which is about 1 kilometer thick. Germany that realized this, gave an panic-alarm to shut down the inextinguishable reactors, 9 reactors were shut down immediately. They realized that these reactors couldn’t be used in any circumstances because of the methane-clutter causing the reactors to explode. In America they have lost about 10 reactors, also in France they have2 reactors releasing smoke at the moment. This is happening all over the world.

    continued... http://enenews.com/discussion-thread-august-15-21-2011/comment-page-2#comment-121481

    Posted in: March 11 quake even rattled upper atmosphere

  • 0

    MeLuvULongTimes

    This round of QE and intervention may hopefully help weaken the yen some and bring back recovery. But they have to be very careful about this because such a move could spike the JGB long rates and very quickly turn deflation into hyperinflation. This would then mean an economic depression for Japan, and then the same or deep recession for the whole world. Nonetheless, the BOJ has to do something to bring down the yen. I totally agree with you Globalwatcher and a huge coordinated effort by the G7 and/or the G20 is the safest way to do this. Nowadays since everything is globalized, one country cannot go it alone anymore. Pray for Japan.

    Posted in: Japan ready to act over yen's historic rise

Follow us

Facebook
Twitter

View all