Rolling on a river!...
The Scenario of a Dollar Crash
In the Bible, there are passages meaning the following situation:
"While people were drinking, chanting, and dancing, the God's anger was upon them, and thus no Angels stopped occurrence of a great tragedy upon them."
(I am not going to refer to the situations in the U.K. recently observed with dangerous fire and massive water for them to repent, but my holy concern is mainly on the Japan-US monetary relationship.)
* * *
CNN broadcast, on this Tuesday morning in Japan, live the You-Tube-based debate by Democrat politicians, all running for US Presidency.
Most of the Japanese media have acknowledged dominance of Ms. Hillary Rodham Clinton who, according to a female newscaster, looked so majestic.
However, I suppose if some US female TV personality or critic moderated the debate, the outlook might be different, since those politicians, except Ms. Hillary Rodham Clinton, would be surely overshadowed.
(Of course, Oprah and Michael Moore can co-moderate the next session or future debate for 2012.)
* * *
The most serious issue on the U.S. is possibility of a dollar crash, which no ordinary US citizens seem to fully comprehend, while they are a kind of surfing on wealth the global de-facto dollar standard system has brought on them.
Mr. Mototada Yoshikawa, in a book coauthored by Mr. Hideyuki Sekioka, presented one scenario of a dollar crash.
(Both the authors are prominent critics on economy, especially the economic and political relationship between Japan and the U.S.)
The scenario Mr. Yoshikawa presented is:
1) A general trend of oil price increase
2) Further instability in the Middle East
3) Price hike of gasoline in the U.S.
4) Further demands for Japanese hi-tech cars
5) Accusation by the US auto industry against Japan for whatsoever reasons
6) Accusation by US Congress against Japan in line with US car makers
7) Speculations for the higher yen and the lower dollar in Wall Street
8) Harmonized actions in Congress to approve the higher yen and the lower dollar
9) Global money market being driven to cope with the weaker dollar state
10) A kind of chain reaction for the dollar to go down in value
Finally the crash of value of US Treasury bonds leads to the halt of circulation of money and credit among US financial communities and eventually citizen lives. One third of Japanese companies will be severely damaged while an unemployment rate in the US will surge to 30% or so (here figures based on my rough assumption only), since both the export and import will be devastated, resulting in no availability of cheap materials and goods from abroad to the U.S. market.
In reality, the Bank of Japan, in collaboration with the US Government, has been making great efforts to sustain the value of the dollar for decades, which ordinary US citizens have never realized and appreciated.
(This kind of complicated aspects of Japan-US relationship has been traditionally understood only by top-level executives of the US Government.)
To be a US President means to have enough background to handle this level of matters that could gravely affect 120 million Japanese and 3.7 billion Asians as well as 6.6 billion mankind.
You have to choose a right person, while expanding your scope to the world and the future with 5,000 year civilized history.
* * *
Traditionally in Japan, children are told a spooky tale at a hot night in the summer for letting in some cool air.
Indeed, US voters, taxpayers, and consumers as well as veterans should keep a cool head with the dollar crash story.
After all, I hope that there will be neither AlQaeda attacks on the US nor a dollar crash, for Japan is so strongly on shares with the U.S.
(If there are two persons in a kind of selfish relationship, usually one is bad and another is a sort of victim, no matter how they look like fighting for their own right and cause. That is why a sound friendship is so rare; and even man and wife is not an exception.
Japan and the U.S. must carefully avoid falling into any such analogical relationship.
It is not a game for win-win with so many victims behind the scene. Indeed, Japan and the U.S. should sacrifice themselves for mankind in case, unlike some other more sinful countries such as the U.K. as symbolized by the Princess Diana's case in 1997.
Otherwise, you cannot assume that you are so blessed by the God even before 2008.)
"...For those will be 'The Days of Punishment'..."
In the Bible, there are passages meaning the following situation:
"While people were drinking, chanting, and dancing, the God's anger was upon them, and thus no Angels stopped occurrence of a great tragedy upon them."
(I am not going to refer to the situations in the U.K. recently observed with dangerous fire and massive water for them to repent, but my holy concern is mainly on the Japan-US monetary relationship.)
* * *
CNN broadcast, on this Tuesday morning in Japan, live the You-Tube-based debate by Democrat politicians, all running for US Presidency.
Most of the Japanese media have acknowledged dominance of Ms. Hillary Rodham Clinton who, according to a female newscaster, looked so majestic.
However, I suppose if some US female TV personality or critic moderated the debate, the outlook might be different, since those politicians, except Ms. Hillary Rodham Clinton, would be surely overshadowed.
(Of course, Oprah and Michael Moore can co-moderate the next session or future debate for 2012.)
* * *
The most serious issue on the U.S. is possibility of a dollar crash, which no ordinary US citizens seem to fully comprehend, while they are a kind of surfing on wealth the global de-facto dollar standard system has brought on them.
Mr. Mototada Yoshikawa, in a book coauthored by Mr. Hideyuki Sekioka, presented one scenario of a dollar crash.
(Both the authors are prominent critics on economy, especially the economic and political relationship between Japan and the U.S.)
The scenario Mr. Yoshikawa presented is:
1) A general trend of oil price increase
2) Further instability in the Middle East
3) Price hike of gasoline in the U.S.
4) Further demands for Japanese hi-tech cars
5) Accusation by the US auto industry against Japan for whatsoever reasons
6) Accusation by US Congress against Japan in line with US car makers
7) Speculations for the higher yen and the lower dollar in Wall Street
8) Harmonized actions in Congress to approve the higher yen and the lower dollar
9) Global money market being driven to cope with the weaker dollar state
10) A kind of chain reaction for the dollar to go down in value
Finally the crash of value of US Treasury bonds leads to the halt of circulation of money and credit among US financial communities and eventually citizen lives. One third of Japanese companies will be severely damaged while an unemployment rate in the US will surge to 30% or so (here figures based on my rough assumption only), since both the export and import will be devastated, resulting in no availability of cheap materials and goods from abroad to the U.S. market.
In reality, the Bank of Japan, in collaboration with the US Government, has been making great efforts to sustain the value of the dollar for decades, which ordinary US citizens have never realized and appreciated.
(This kind of complicated aspects of Japan-US relationship has been traditionally understood only by top-level executives of the US Government.)
To be a US President means to have enough background to handle this level of matters that could gravely affect 120 million Japanese and 3.7 billion Asians as well as 6.6 billion mankind.
You have to choose a right person, while expanding your scope to the world and the future with 5,000 year civilized history.
* * *
Traditionally in Japan, children are told a spooky tale at a hot night in the summer for letting in some cool air.
Indeed, US voters, taxpayers, and consumers as well as veterans should keep a cool head with the dollar crash story.
After all, I hope that there will be neither AlQaeda attacks on the US nor a dollar crash, for Japan is so strongly on shares with the U.S.
(If there are two persons in a kind of selfish relationship, usually one is bad and another is a sort of victim, no matter how they look like fighting for their own right and cause. That is why a sound friendship is so rare; and even man and wife is not an exception.
Japan and the U.S. must carefully avoid falling into any such analogical relationship.
It is not a game for win-win with so many victims behind the scene. Indeed, Japan and the U.S. should sacrifice themselves for mankind in case, unlike some other more sinful countries such as the U.K. as symbolized by the Princess Diana's case in 1997.
Otherwise, you cannot assume that you are so blessed by the God even before 2008.)
"...For those will be 'The Days of Punishment'..."