Thursday, August 11, 2011

Japanese Government: These People are Just Plain Nuts

We're F'ed. There, I said it. I used the "F" word.
What did I tell you? Exactly one week ago, I complained that those stupid idiots (I do have harsher words but this is a "family fun" blog) in the Japanese government threw away $50 some billion dollars trying to support the rising yen. In Japanese Central Bank Throws Away a Billion Dollars Again, I wrote:

This morning when I woke up I checked the financial markets, gold, silver and, of course, the dollar yen rate.

I was somewhat surprised to see the yen at ¥76.9-something to the US dollar. A hour or two later, the yen had dropped to its current ¥78.9 per US dollar. Obviously the Japanese Central Bank intervened and bought a bunch of dollars.

Fools. When will they ever learn? They keep throwing our hard earned tax money down the drain to stop the yen's rise, but it is all in vain as the yen's appreciation continues....

Why do these fools keep doing this? When will they ever learn that these interventions cannot and will not stop any long term trend? 

Gee, you think that, after decades of this sort of failed action repeated over and over that these analysts would figure it out? Gee... I guess they really go out on a limb and stick their necks out when they make statements like, "We don't believe today's action will explicity change the trend." 

What!? After decades of this sort of action and the inevitable failures of those actions, why is it  difficult to say straight out that "this Bank of Japan intervention will fail like all the others have before it."

They intervened in the yen at ¥76.9, spending some $50 billion dollars. The yen rose to over ¥80 to the US dollar. Now, today, exactly one week later, we're right back where we started. The yen today, as of 4:11 am August 11, 2011 Japan time, is at ¥76.81... 

Those fricking jerks in the government just threw away, for the umpteenth time, $50 billion dollars of hard earned tax payer money. That's your money and my money! God!@%>?! idiots! 

Now they are considering doing this again!? What the f*ck is wrong with these stupid people?

Yahoo reports:

Japanese policymakers voiced growing alarm on Tuesday as the yen scaled highs seen before last week's intervention and global stock markets crumbled under mounting fears of a new financial crisis. Finance Minister Yoshihiko Noda on several occasions repeated the mantra that he was watching markets closely as the dollar slid below 77 yen, under levels that spurred Tokyo to take action on August 4. He indicated that authorities would wait to see market reaction to U.S. Federal Reserve decisions later in the day (2:15 p.m. EDT) before deciding whether to act again.

What!? they are thinking about doing this again!? WTF!? God! I'm so pissed off about this I want to scream! How many times do they do this over and over and over and the same thing happens over and over until they finally learn? If history is any judge then we know that they never learn

The only thing that does make me happy this morning is the news that, finally, it looks like we will get rid of that moron prime minister Kan...

Reuters reports:

Prospects grew on Wednesday that Prime Minister Naoto Kan would resign this month, setting the stage for the selection of Japan's sixth leader in five years as the country struggles to rebuild from a massive tsunami, forge a new energy policy in the wake of a nuclear crisis and fix tattered state finances. With two key bills that Kan wants to make into law before he goes looking likely to be enacted before parliament's session ends on Aug. 31, Japanese media said Kan's Democratic Party was planning to vote as early as Aug. 28 to select a new leader. Finance Minister Yoshihiko Noda, who favours paying for bulging social security costs by raising the 5 percent sales tax, and like Kan sees reining in ballooning public debt as policy priority, is mooted as a leading contender.

Noda!? The guy who keeps recommending that Japan buy dollars to lower the value of the yen!? Are you kidding me? No. Can't be. I just can't believe that. I've died and gone to hell. I refuse to accept it.

Well, Noda or not, if we can judge from the past, the next guy who will torture the Japanese nation as prime minister will be just as much of a dolt as Kan. I think Noda will be even worse. Now that's hard to imagine!

Too bad Japan can't be like Belgium.. They haven't had a government in almost a year... Some people get all the luck!

Maybe I'll move to Belgium.


Anonymous said...

Perhaps the only ray of hope, as Gary North points out, is that eventually they will run out of money.

Speaking of which, Japan Runs Out Of Ammunition As Yen Continues To Climb.

Anonymous said...

Sorry not related to the headline but thought you might like this subject as I expect it will go viral.

Report: Tokyo man tests positive for over 7,000 Becquerels of radioactive cesium during whole body counter check — Never went to Fukushima (RESULTS)
August 10th, 2011 at 01:05 PM

I think he has more radiation than the poor children in Fukushima? Maybe you can get a test yourself just to let us know how a normal person who has maintained a normal lifestyle in Tokyo actually tests for internal radiation?

Zanchito said...

“Insanity: doing the same thing over and over again and expecting different results.” - Albert Einstein -

Also, it reminds me of an old tale about a roman emperor who was very disliked by his people (don't remember which one) and one day he crossed paths with an old lady who kneeled down to kiss his feet and blessed him. Surprised, he asked "why do you love me so much when all of your neighbours hate me?" and she replied "your grace, I've lived for a long time, and each time there has been a change in the goverment, it has been for the worse. So I wish you a long and prosperous life, for I fear what might come after."

Murasaki Shikibu said...

The next prime minister will be worse. That's the primary reason why I was against Kan stepping down. We are wasting our time when we change PMs. I don't think putting LDP back in power will do any good either.

They need to stop spending 99% of their time on politics and sort out the real problems.

mike in tokyo rogers said...

To Anonymous above. Thanks. I checked this story. Then I've searched everywhere for the same news on any Japanese site and cannot find it anywhere. This makes me suspicious of its validity.

Anyone else who can read Japanese find that story? I can't.

Murasaki Shikibu said...
This comment has been removed by the author.
Murasaki Shikibu said...

The source for enenews is

This can be traced back to a comment made in 2 Ch:

Other than this the 'Mochizuki' in Fukushima Diary appears to Mochizuki Cheshire Lori who doesn't sound too objective to me:

Mochizuki Cheshire Lori can also be linked to Helen Caldicott here on Facebook:

Beyond this, it's difficult to trace.

Murasaki Shikibu said...

The original tweet:!/kiyoman5/status/100520081309708288

So I went to kiyoman5’s account and it appears he is the source.

kiyoman5 kiyoman 北海道がんセンターで、ホールボディカウンターを受けてきました。測定結果、内部被曝していました。 セシウム137が、868bq セシウム134が、6373bq ヨウ素は測定限界値(200bq)以下で、ND はい。セシ人でした…
8 Aug Favorite Retweet Reply

Check out the responses to his tweet at I have also taken a screenshot:

Anonymous said...

Truth-seekers are so very cool, especially the pretty ones.

Quite the contrast to the lame ass go-along-to-get-along. "Yes-man/women" takes-everything-at-face-value and puts down those who point out the obvious I'm surrounded by.

I admire your friends Mike, and of course you too.

- clark, wishing the world didn't act so stupid,... er ignorant.

mike in tokyo rogers said...

Yes. Yes. Murasaki san is one of the "pretty ones"! 魅力的ですよですね!

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