Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: orkrious who wrote (3900)	12/19/2003 12:25:55 PM
From: Wyätt Gwyön	of 4905

when the consequences of these actions finally hit home , there may be a change in political leadership. the new guys may be less pliant - and less inclined to add to the IOU mountain. the problem with this idea is that in Japan, the politicians are not the ones in control. Japan's mercantilist policy was constructed and is implemented by career bureaucrats in the MOF and BOJ, in collusion with Japan's banks and major industrial powers and behind-the-scenes "kingmakers". Westerners have difficulty understanding Japan when they think of it as a representative democracy where elections can change things. it is a democracy in name only; in effect, it is an oligarchy of bureaucratic fiefdoms, with the MOF as the leader. the only thing that will end this is the destruction of the MOF, which is synonymous with the destruction of Japan's muddle-through economy and will lead to a severe worldwide depression. for more than a century, Westerners have been confounded by the Japanese power structure. our leaders meet with their leaders and reach this or that agreement, but then nothing happens. Westerners don't understand that the people who are ostensibly in power are just puppets.

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