All things about the media, marketing, business, Japan and other musings by Mike in Tokyo Rogers.
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Sunday, October 24, 2010
Idiot Japanese Politicians and Video as to What to do About Them
Hate to sound like a broken record, but here is more information that the government and Bank of Japan are going to repeat past mistakes and throw public money down the toilet again by buying bonds.
TheBank of Japanis considering additional government bond purchases by the end of this year as part of a "comprehensive monetary easing policy" it adopted in early October, sources familiar with the matter said Friday.
The possible launch of additional bond purchases will be taken up at the central bank's policy board meeting next Thursday, the sources said.
The purchase plan will be implemented aside from the BOJ's annual purchase of 21.6 trillion yen worth of government bonds.
The plan is part of a fund the BOJ decided to establish in the amount of 5 trillion yen to buy assets which also include commercial paper, exchange-trade funds and real investment trusts.
The BOJ, which will buy ETFs and REITs for the first time, is studying purchases through trust banks, the sources said. Subject to government approval, the purchase of them is likely to begin after the additional acquisition of government bonds.
Here is a video that I've found that shows what my choice is as to what to do about these idiot politicians who keep repeating the same mistakes over and over. Watch the video and see if you agree.
Come to think of it. I reckon this is an excellent solution to any big government tax and spend politician.
Comments must be succinct & relevant to the story. Comments are checked frequently and abusive, rude or profane comments will be deleted. I’m just one of many bloggers who answer questions online and sometimes for the press. I usually handle questions about Japan, marketing or the economy, so in those areas I’m more likely to make sense and less likely to say something really stupid. If I post something here that you find helpful or interesting, that’s wonderful. This is my personal blog. If you don't like what you have read here then, just like when you go into a restaurant or bar that allows smoking, if you don't like it, there's something at the front that has hinges on it and it is called a "door."
As my father said to me many times, "the only cure for stupidity is death"...
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