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| User Info | A Warning To America From The East in forum [Ticker] | ||||
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Genesis Posts: 71435 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1397-A....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-09-02 08:12:17
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Asimov Posts: 26716 Incept: 2007-08-26 
east tennessee
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They'll be looking at that store of US treasuries and wondering just how much more support they can garner without raising taxes.
---------- It's justifiably immoral to try to deal in a moral fashion with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
2009-09-02 08:15:32
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Falcor Posts: 462 Incept: 2007-12-03
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Japan's "lost decade" was during a credit driven global bull blowoff. Wonder how things will unfold for U.S. (et al) during a global deflationary credit collapse. I no longer bring up economics with friends and family, I sound extreme even to me! Last modified:
2009-09-02 08:22:07 by falcor
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Drhooves Posts: 181 Incept: 2008-01-09
Central IL
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Sounds like Hatoyama failed that same math class Obama did....
---------- "Hyperinflation? Show me the math!" -- Gen
2009-09-02 08:29:44
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Bagbalm Posts: 979 Incept: 2009-03-19 
Just North of Detroit
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When all this is swept away we need to make sure the next time around it is a crime and severely punished for a Congressman to accept a red cent from any other source than their regular salary. Perhaps then they would hear their constituents over the lobbyists. It wouldn't hurt to have lobbying defined as a separate crime with the same penalties as treason.
2009-09-02 08:31:18
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Glock36 Posts: 327 Incept: 2009-06-03 Banned
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Russian Professor Igor PanarinQuote:Excerpt: ---------- Black Helicopters Are Like ****roaches, You Never Find Just One Glock36's Law: Murphy Was An Optimist When You Find Yourself In A Hole, Don't Look Out Until You Identify The Type, As It Could Be A Foxhole The Greatest Enemy Of Knowledge Is Not Ignorance, But The Illusion Of Knowledge - Dr. Hawking
2009-09-02 08:34:21
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Blacknapkins Posts: 71 Incept: 2008-10-28 MO
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So, are we to assume that they're going to cut or sell some of their US bond positions to finance their domestic political programs? Is that what we're to understand, since they're tax receipts are as bad as ours. And the little hint about stimulus not working when public debt is ~60% of GDP. My international economics professor is Japanese, and he was talking about this exact same thing in class yesterday. He seemed to think that we are going to manage to keep interest rates low for a 'long time', which will mean a weaker dollar. I've asked most of my professors what they think about the actions of the fed and Mr. Bernanke, and they all seem to think that what they did was absolutely NEEDED to prevent a total credit collapse, which is true. However, they don't comment on how it really doesn't fix the initial problem. I'm in the interest rates must go higher camp, myself. I don't see how they can't, with the Primary Dealers picking up most of the float, and talk of selling an additional $9 trillion over the next 5-10 years. Insane, I think it's bloody insane. Thanks, Glock. That was sufficient to scare me for the day. I've heard a lot of talk about something big in November, we'll see. Last modified:
2009-09-02 08:44:35 by blacknapkins
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Glock36 Posts: 327 Incept: 2009-06-03 Banned
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Quote:I've heard a lot of talk about something big in November Being retired I get to spend the day reading and studying just about anything that is available. I have noticed one common element from so many different opinions/views and especially different disciplines of Technical Analysis, that being November 2009. Ho! Ho! Ho! this year or Bah! Humbug! ---------- Black Helicopters Are Like ****roaches, You Never Find Just One Glock36's Law: Murphy Was An Optimist When You Find Yourself In A Hole, Don't Look Out Until You Identify The Type, As It Could Be A Foxhole The Greatest Enemy Of Knowledge Is Not Ignorance, But The Illusion Of Knowledge - Dr. Hawking
2009-09-02 08:57:14
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Bubblesee Posts: 3768 Incept: 2007-06-27
nyc
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"we have a clogged credit system that is incapable - not unwilling - of properly performing its function in the economy." Excellant observation!!!! ---------- Ticker Forum Special: "Bennie and the Feds" Melody:Elton John Lyrics:Bubblesee http://www.youtube.com/watch?v=etfVMtCq9Oc (Larry Kudblow eat your heart out)
2009-09-02 08:57:55
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Jata1 Posts: 2379 Incept: 2009-03-08
mi
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I think you can safely argue that Bennies actions prevented a total collapse of the debt structure last year but you can also ascertain that a total collapse of the debt structure was exactly what was/is needed to begin the reset. We are only delaying the inevitable and it will be worse when it comes. The idea of solving a debt crisis with additional debt is 3rd grade bull****
---------- Mayorquimby says- My Idea- Everyone gets Dick
2009-09-02 09:07:19
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Tritumi Posts: 84 Incept: 2008-11-29 tokyo
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Here in Tokyo clarity is yet to emerge. Minshuto is NOT liberal, despite the 'democratic' name/label. It is more focused on Japan's severe problems and that, as such, means the willingness to be America's cabana boy is reduced. That will quickly play out in security issues such as logistical support at sea for the Afghanistan adventure and Okinawan base allowance. Financially, the points raised here are valid from the pov of the US following Japan's policy. Back in 92-93 we had an intense debate between hard vs soft landing camps. (I was in the hard landing camp.) But politically, soft landing ALWAYS wins and the result was the convoy policy, in which those banks too big to fail were guided to merge with the weak, repeatedly. As Karl notes, the boluses, as time released debt bombs, have been placed, but have not raised immunity to the cytokine storm to come. FED and admin placebos work and that reminds me that the literature is out there that placebos are stumping the pharm boys because the placebos are more effective than ever before. My view is that this is a conditioned outcome of administering drugs in a universal and ubiquitous manner. But this conditioned response conflicts with the math and the math always wins. The soft landing bet is that conditions will change on the sure bet that they always do. The Japanese had a very long term period to play their bolus, their time release, their QE and convoy system. After all, the bubble in Tokyo may have popped but the Chinese and Americans were singing 'I'm forever blowing bubbles.' And the Japanese were cash positive on most manufacturing throughout the period, even if the local FIRE sector 'had issues'. There was always someplace to get return. The Americans now cannot even call GhostBusters. But that's more than enough mixed metaphors from me. Dr Spengler advised against crossing the streams....
2009-09-02 09:09:35
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Fromloris Posts: 40 Incept: 2009-06-09 Wisconsin
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So far this year our government has taken in $1.7 Trillion Dollars but has spent more then $3 Trillion Dollars that is a $1.8 Trillion Dollar deficit in the first 9 months. What makes this a Perilous situation is that the tax receipts are down almost 20% from last year. Corporate income taxes are down 57% this is the largest percent since the last Great Depression. Our government has accumulated as much debt this year alone as we did during the first 210 years. Here are some news stories you should see on the nightly news but won't! http://news.yahoo.com/s/ap/us_plummeting.... http://www.youtube.com/watch?v=TVpzYuNQ6.... http://seekingalpha.com/instablog/407380....
2009-09-02 09:09:58
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Throxxofvron Posts: 2672 Incept: 2009-02-17
The Land of Bilk & Money
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A politician pandering and lying to get elected fully knowing that the money to pay for all His promises doesn't exist? Zombie Banks and a wholly corrupted CB? This all seems strangely familiar... ---------- DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell
2009-09-02 09:13:14
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Xennady Posts: 2815 Incept: 2008-03-18
Too damn near Detroit
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Quote:It is more focused on Japan's severe problems and that, as such, means the willingness to be America's cabana boy is reduced. Living in the Detroit area I've never got the idea that Japan has ever been our cabana boy. They have quite skillfully used our willingness to provide them with a huge open market to sell into to build their economy in the first place and keep it afloat in much better shape then it would be in otherwise. All because the clowns fumbling with the levers of power in the US fancy themselves citizens of the globe and not America and are about as worried Japan as they are us. This cannot continue no matter how much the clowns want it to and it looks like Japan is noticing. Last modified:
2009-09-02 09:32:20 by xennady
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Lordhumongous Posts: 1973 Incept: 2008-09-29
USA
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Exactly Xennady. We've protected them from China for the last 65 years and gave them one-way access to our markets and allowed them to rip off our intellectual property for decades... all they had to do was finance our debt. The funny thing is that much of that debt was used to buy Japanese imports. If we had been out of the picture their growth rate would have been far lower. The same applies to South Korea, China, Taiwan, etc. ---------- Freedom. Is there anything it can't do? Last modified:
2009-09-02 09:35:32 by lordhumongous
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Tritumi Posts: 84 Incept: 2008-11-29 tokyo
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Xennady, I grant your point as evidence of the truth that one's view is dependent upon the spot where one stands. A Japanese might view the LDP as a complicit alliance between American postwar security interests and the pre-war land and industrial elite. If there was a time when what was good for General Motors was good for America, I believe we would agree that formula did not apply to Japan.
2009-09-02 09:35:42
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Tritumi Posts: 84 Incept: 2008-11-29 tokyo
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Lordhumongous, China was a non-entity until quite recently. The notion that the US was protecting Japan from the PRC is a non-starter. Japan is quite obviously heavily invested in China. Japan's further shift to Asia represents a diminishment of a cash flow support certain cadres in America have existential dependence upon.
2009-09-02 09:40:35
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Glock36 Posts: 327 Incept: 2009-06-03 Banned
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Quote:...allowed them to rip off our intellectual property for decades... This is not completely accurate. Many of the ideas, especially in electronics, were refused by American companies. American companies would take the short-term and myopic view while Japan, in typical Asian fashion, took the long-term and strategic view. Also, many inventions were enhanced by the Japanese and made more marketable, including quality. Yes, Japan did a certain amount of *Reverse Engineering*, but I can't think of very many items that were not significantly enhanced. ---------- Black Helicopters Are Like ****roaches, You Never Find Just One Glock36's Law: Murphy Was An Optimist When You Find Yourself In A Hole, Don't Look Out Until You Identify The Type, As It Could Be A Foxhole The Greatest Enemy Of Knowledge Is Not Ignorance, But The Illusion Of Knowledge - Dr. Hawking Last modified:
2009-09-02 09:46:51 by glock36
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Xennady Posts: 2815 Incept: 2008-03-18
Too damn near Detroit
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Quote:A Japanese might view the LDP as a complicit alliance between American postwar security interests and the pre-war land and industrial elite. I think you're spot with that- and also when you note China was a non-entity. (Sorry Lordhumungous!) However, for decades we did protect them from the USSR- so in the sense that we protected them from a military threat Lordhumungous is correct.
2009-09-02 09:46:49
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Megatoxic Posts: 31 Incept: 2009-08-05
usa
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Anyone else think that Cash For Clunkers will go down in history as our own version of the infamous "Smoot-Hawley Act?" Apparently, nearly every foreign auto manufacturer saw double digit sales increases in the quarter, while US manufacturers were either flat or down. In other words, Congress managed to convince Americans to go even DEEPER in debt and send more tax dollars abroad in the middle of what could well be a Depression. People 100 years from now will shake their heads and wonder "Could they really have been THAT stupid?"
2009-09-02 09:47:23
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Tritumi Posts: 84 Incept: 2008-11-29 tokyo
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Xennady, i believe we protected them from their own marxists, many of whom were on the cominterm payroll. The threat was internal, one of domestic Japanese politics, and shares the historical postwar moment with the various domestic communist parties in France, Italy, Greece, and so on. The Japanese communist party kept their 9 seats intact in this election. edit+ Chalmers Johnson's early book, "MITI and the Japanese Miracle" details how the locals turned American anti-militarist/national bureaucracy positions around. Last modified:
2009-09-02 09:55:35 by tritumi
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Lordhumongous Posts: 1973 Incept: 2008-09-29
USA
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Quote:Lordhumongous, China was a non-entity until quite recently. The notion that the US was protecting Japan from the PRC is a non-starter. Japan is quite obviously heavily invested in China. Japan's further shift to Asia represents a diminishment of a cash flow support certain cadres in America have existential dependence upon. I seem to recall Japan having major territorial issues with the former Soviet Union, including one of their major islands. What would have happened if the USA had not been there to keep the Soviets out in 1945 when you were down an dout? You guys would have ended up just like North Korea. All of your industry, top scientists and engineers would have been packed up and shipped to the Soviet Union, and you'd be freezing in the dark just like the North Koreans. I recall China shooting off a missile and making alot of noise about ten twelve years ago, then shutting up when President Clinton sent an entire carrier fleet over there at warp 9. You guys would have eventually lost WWII with us out of the picture and you would have been not only devastated during the war, but completely screwed over and oppressed for decades afterwards. I'm not one of those Americans that shoots off his mouth about how the USA "saved the world" during WWII, far from it. I'm one of those guys that has argued for years that we should never have gotten involved because the people we fought with and the people we defeated and then rebuilt and defended from Communism don't give a flying **** about the American people. At all. They cut a deal with USA elites, paid for by the American middle and working classes. All of this post war "American Empire" bull**** is exactly that, bull****. US banks and firms associated with the Military-Industrial Complex made out like bandits for decades, the average American working man and his family got totally screwed in the long run. It has taken until now for the rot to spread throughout the entire country, but our economy was obviously rotten at the core and dying over thirty years ago. I'm from the midwest USA. The post war period utterly DESTROYED the midwest. There hasn't been any meaningful sustained investment in the real US productive economy since 1945. NONE. The last props holding up the real US economy were kicked away in 1989 when it was obvious that the US wasn't needed anymore and could be discarded like so much trash. ---------- Freedom. Is there anything it can't do? Last modified:
2009-09-02 10:06:42 by lordhumongous
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Xennady Posts: 2815 Incept: 2008-03-18
Too damn near Detroit
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Tritumi, Yes, but the threat wasn't only internal. But I'm just roving off topic so I'll stop.
2009-09-02 10:04:53
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Glock36 Posts: 327 Incept: 2009-06-03 Banned
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Quote:The post war period utterly DESTROYED the midwest. This is utter bull! The era of Post War was a boom for Midwestern States. It was the era of agriculture, autos, televisions, suburbia, computers, etc, etc, etc... The destruction of the Midwest began in the early 1970s with the initial movement of manufacturing overseas, which saw the rise of Japan. ---------- Black Helicopters Are Like ****roaches, You Never Find Just One Glock36's Law: Murphy Was An Optimist When You Find Yourself In A Hole, Don't Look Out Until You Identify The Type, As It Could Be A Foxhole The Greatest Enemy Of Knowledge Is Not Ignorance, But The Illusion Of Knowledge - Dr. Hawking
2009-09-02 10:14:05
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Tritumi Posts: 84 Incept: 2008-11-29 tokyo
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Lordhumongous, I submit you are overegging the pudding. There was certainly a period in the postwar when Japanese interests in Manchuria were rolled up. The Sovs seized minor islands northeast of Hokkaido and recovered Sakhalin in its entirety. There had been considerable territorial conflict from the late Meiji onward and the Russo-Japanese war 1904-05 proved Japan's emergence as a regional power. There is still no effective peace treaty resolving the northern islands issue. But there was never any threat of Sov invasion of Hokkaido or any other 'major island' in the Japanese archipelago. As for PRC missles, I am unsure what you mean. I doubt you mean the Quemoy and Matsu crisis of the 50s and suspect you have a North Korean moment confused with something from the PRC. All I can recall is that Clinton turned a blind eye to unauthorized U.S. transfer of information to Chinese missile officials via corporate entities that had the usual blessed status of campaign contributors. Time for sleep here now, so you have a few hours to specify those claims, if you are so minded.
2009-09-02 10:19:41
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