Princes of the Yen | The Hidden Power of Central Banks

What people said

pwaai · 2017-12 · Recommendation

> China's ascension to number 1 world economy My gripe with this is that people seem to take this as a fact that hasn't even occurred with almost 100% certainty that it will happen. A lot can go wrong in 20 years. So far, all economies that challenged US in the past mysteriously gets IMF'd, pulling the rug out of a credit bubble that they help create by twisting the arms of the central banks that are supposed to be free from this kind of interference: This documentary about Japanese central bank is eye opening to just how much grip the US hegemony has, one which I fail to see China being able to emulate anytime soon because of the hostage situation that US allies are finding themselves in. [VIDEO] The theory that states Sadam was whacked because he started to accept euro instead of the petrodollar standard makes an awful lot of sense.

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throwaway323444 · 2017-05 · Recommendation

"Princes of Yen" ( 円の支配者) has a more cynical view of things. I'd definitely recommend it, if you're the "conspiracy theorist" sort. [VIDEO] Some of Richard Werner's and Karel van Wolferen's lectures might be interesting too. Our society is inclined to attribute success to some intrinsic nature (race, culture, language..). Japan's successful ? It must be Zen. China not ? Must be Confucianism, shame-based culture. Now China is ? Ah it must be Confucianism, collectivism. India is not successful ? It must be Hindooism. They have Sanskrit ? Ah it must be the Aryans. The Native Americans died out ? Ah it must be their immune system. The play is clear. Japan's success is likely due to the way MacArthur normalized its war-economy, and because of how it was guided in the post-war years. Ditto with Korea/China/Thailand/ and now Vietnam/India (and other SE countries). I haven't seen a tick of anything "native" at the heart of it, even though nationalism dictates that the citizens be deluded into believing these things.

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kadfasd4324 · 2017-05 · Recommendation

Fair enough. I think the comment was implying that their policies, not being entirely democratically accountable - the effectiveness of these instruments themselves being arguable - are very likely going to be swayed by private interests. I know there exists a revolving door b/w FDR and major Wall Street banks, but I'm not sure about other countries. I'd not be surprised if this were the case everywhere. Edit: 'Princes of Yen' is a documentary that I found did a good job of illustrating the dangers of having such high powered unaccountable cabals (without all the BS that is typical in this genre). [VIDEO]

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