Bobby, let me try better
My thinking is very simple. The leader does not run economy, especially as complicated as Japan, rather he reacts to circumstances
forced upon him. In USA President has virtually no power at all to regulate economy. Now the budget is a hoax, as that affects market way after President is out of office, and at best influences a current quater/sentiment. Fed does and does not-Market forces Fed hand sooner or later.
However, President has a lot of International Power-embargo, war, ets in time of crisis.
Japan is a very tight society in reality run by
very few powerful people/corporations, and far less by market. It is not in power of a leader to change much, even less than in USA.
Many American Presidents try to influence Japan to no avail, to large extent because Japanese president has no power to change Japan, even for it's own good. There would be not a single Japanese farmer left if free competion would be permitted and price of meat would be no more than in London supermarket and not $20/lb
Japan has no place to live or raise their children. Society rules do not permit to import laborers from other countries (and who can afford to work in society like Japan) Result: aging population is the biggest threat to overcrowded and overburdened Japan as a nation, never mind economic Superpower, forced to compete with young and vigorous neighbours. Hashimoto can not change none of it, nobody can. I often compare Economy with A Jungle-one exception not in favor to civilised societies they cannot let weak and ill die to make room for strong (you mentioned Rome-same fate)In the past they had wars, but no more
As a result, Supreme nature law destroys entire Society to replace it with another Power. That does not mean that Corporations suffer,
they build and invest and relentlessly produce in other countries..sealing the fate of their own. Nikkei can go up and down, but seeds
will go to China, and others
The market premise supply/demand rules-does not work in society
depending on protectionism for survival of the mighty.
RE: RUBIN, I think he is smart and good but my point is like any passing figure changing nothing in the wisdom of nature/economy
that relies on the wisdom of economy not individuals.
Implication for the thread: Gold would rise and rise soon (definition of soon differ, mine 1-2 years, that I see as opportunity to accumulate and variety of research and intelectual play far in excess than Las Vegas trips enjoyed by some,,
Yes, Japan can print money, indeed it must, but it cannot get their
young to have more babies, if they cannot afford apartment other
than 100 miles away from work, even with a super train |
