Monday, August 15, 2016

Globalization Is Economic Euthanasia

"They would believe anything, except the truth..."

Financial Post: August 11th, 2016
Failure Is The New Success: Japan Looks To More Lying For Success

The three "arrows" of Abenomics are Monetary, Fiscal, and Structural Reform. Asinine abuse of the first two assure that the third one never gets implemented. Sounds familiar. It's a cautionary tale for any country that seeks to escape the death grip of the global Old Age Home which will believe any lie no matter how asinine, to preserve the status quo at all costs...

"As European and North American economies have experienced their own low growth, even deflationary slumps in the wake of the 2008 financial crisis, many are paying attention to whether Abenomics can finally turn Japan around."

Global Central Bank QE with Europe and Japanese stocks:

"Japan's population is believed to have peaked in 2008 at slightly more than 128 million and it has been declining ever since. According to government projections, it is on track to fall to 80 million by 2060 if nothing changes — a loss of more than one million people per year."

"Japanese policymakers have spent more than two decades trying to restore the economy to growth mode. Nothing has worked very well"

Question: What is different between now and all of those other times Japan's lies failed?

Now, the rest of the world is along for the ride: