empire
- Thread starter rickyb
- Start date
Um, the Japanese are one of our biggest allies and very much want us there because of China. Honestly man is there anything you haven't twisted into something else?
you are allied and you occupied them since world war 2 i suppose lol
sounds like there will be a competing currency system to the dollar in the next 5 years which means a hit to your standards of living. plus you will have a recession anyways.
The BRICS currency is going nowhere. And again, we're in Japan because they want us there. When our leases were up in the Philippines we gave up an Air Force base and a Naval base, both very strategic, because the Philippines government wanted us to. We didn't go in and keep them. If anything the Japanese are closer allies to us now than twenty years ago.
hes saying a deal was reached in 1985 linked to US occupation of japan which was bad for japan and good for US
a similar deal will not be reached with china and america. and that will be the end of the US dollar to some degree
BTW....another economist also talks about BRICS and thats richard wolff.
There is nothing currency wise that those countries can do to supplant the USD as things currently stand.
The U.S. occupied Japan after WWII. We currently aren't. We are there to insure China doesn't invade them or South Korea.
United States Forces Japan - Wikipedia
thats not what yanis varoufakis said china can do. it said its not going to cut a deal with america.
So? We have many trade agreements. Right now many American companies are leaving China. Other countries are more attractive to do business in.United States Forces Japan - Wikipedia
en.wikipedia.org
thats not what yanis varoufakis said china can do. it said its not going to cut a deal with america.
so in case you forgot what were talking about, american troops in japan had something to do with japan suddenly halting its economic growth in a deal in the 1980s which allowed america to maintain hegemony.
a similar deal will not be struck with china.
My bad, thought you were talking about something else. That's a ridiculous assertion. The Plaza Accord of 1985 was an attempt to weaken the Dollar to make U.S. goods more attractive. That did strengthen the Yen which added to Japanese problems. But the primary driver was rampant speculation in Japanese real estate with excessive borrowing. When the Bank of Japan raised interest.rates in 1989 the bubble burst. A lot of Japanese banks got left holding bad loans. This led to what the Japanese call "The Lost Decade."
Does any of that sound familiar? Rampant speculation burst our bubble in 2008. Rampant real estate speculation in Canada has driven your prices through the roof and now your economy is tanking. Sorry buddy, but you shouldn't take economic advice from a guy who had a hand in crashing Greece's economy.
Now you'll come back and tell me how everything is the U.S. fault because sweet little countries like Greece, Canada, and Japan don't ever make poor decisions. One of these days you may figure out.that it's greed that's at the bottom of all of this. Then you can stop ranting.
the plaza accord is what yanis was talking about. perhaps youre wrong about the real estate and borrowing part. or maybe they borrowed because the economy was going to
after they signed hte plaza accord.he didnt crash the greek economy, he said the debts are unpayable and decided to quit instead of play their silly game.
There's no perhaps about it. Just like in every country doing really well everything of value runs up in price because of speculation. The U.S. didn't force them to speculate. China is teetering on the brink because of people buying apartments and condos that haven't even been built yet and they are struggling to make the payments. You need to stop looking through the lens of the U.S. is at the bottom of everything wrong in the world and realize people in other countries are just as human as the rest of us and are always looking to make money while others are looking to separate them from their money.the plaza accord is what yanis was talking about. perhaps youre wrong about the real estate and borrowing part. or maybe they borrowed because the economy was going to
he didnt crash the greek economy, he said the debts are unpayable and decided to quit instead of play their silly game.
well yanis didnt say that so you might be wrong.
our countries used to do well and we didnt have rampant housing inflation.
But we did have and are having. You've been complaining about the cost of housing in Canada. How do you think that happened? We just had this discussion about costs in the U.S. You can go to areas of the U.S. where the local economy is weak and find homes at affordable prices. Go to areas where the economy is booming and the demand for homes raises the prices.
There are economic forces everywhere that affect costs but you boil everything down to the evil U.S. is at fault. Do you not realize how simplistic, ignorant, and uninformed that makes you sound?
its probably financialization of the economy and loosening of capital controls around the world. michael hudson says the price of a house is whatever the bank will lend against it. it used to be lower, now they lend more and of course the price goes up. its bad economics.
i really dont think it has much to do with immigration or the economy because theres always been immigration and housing prices were much more affordable back then. do you have any idea what your parents jobs were and how much the cost of housing was then?
were talking about the end or partial end of the US dollar relating to the plaza accord and any future deal with china.
The USD isn't going anywhere soon. Primarily because compared to the BRICS economies we are in much better condition. Didn't say anything about immigration but housing prices are part of the economy. What are you smoking over there?
a booming economy implies immigration.
maybe 5 years. wonder what michael hudson says
Oh? When Japan boomed they kept a tight lid on immigration.
i was talking about people moving to different cities
That not immigration.