Sunday, October 10, 2010
MSM Monitor Doesn't Understand Japanese
TOKYO — Oki Matsumoto, chief executive of online trader Monex Group Inc. and a former Goldman Sachs partner, has a solution to Japan’s stagnant domestic economy: Learn “globish.’’
Matsumoto holds regular parties at the Tokyo-based company where employees must speak globish, or global English, a language for non-native speakers using basic grammar and a vocabulary of 1,500 words....
As the population shrinks and a stronger yen swells companies’ buying power for overseas acquisitions, the need for better international communication is growing in Japan....
“Emphasizing English is definitely the right direction to go, as the domestic economy has peaked,’’ said Toshihiro Nagahama, chief economist at Dai-Ichi Life Research Institute in Tokyo. “Companies need more sophisticated English speakers for their globalization, which is crucial to spur profits.’’
I DESPISE and INSTANTLY DISTRUST ANYTHING with GLOBAL in it!!
I mean, LOOK who is LEADING the CHARGE!!
You TRUST THEM, do you?
They have YOUR INTERESTS at heart, do they?
The whole system they have devised working out well for you?
Globish was started in 1995 by French native Jean-Paul Nerriere, a retired IBM executive.
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How is the economy over there anyway?
TOKYO — Japan’s central bank cut its key interest rate to virtually zero in a surprise move yesterday and is looking to set up a $60 billion fund to buy government bonds and other assets as it tries to inject life into a faltering economy....
Emptied that holster.
Btw, that trick didn't work here.
The decision underscores growing worries about the Japanese economy....
It also suggests Japan is taking a page from US Federal Reserve chairman Ben Bernanke’s playbook....
Never good for an economy.
In the United States, Bernanke sent a stronger signal on Monday that the Fed is readying another program to buy government debt, which is formally known as quantitative easing.
Which means the SAME MISTAKES are being MADE AGAIN because the program obviously DIDN'T WORK the FIRST TIME!
So now the FED is going to PRINT MORE MONEY to PURCHASE the DEBT and ADD MORE INTEREST PAYMENTS to U.S. TAXPAYER CHECKBOOKS to artificially inflate the economy until the balloon finally bursts from wear-and-tear.
The Fed’s key rate has been sitting at a record low near zero since December 2008.
Empty chamber that didn't work.
After that, the Fed started buying mortgages securities and government debt to force down rates on a variety of consumer and business loans. It also rolled out other programs to make loans more available and cheaper. Those aid programs were shut down after the crisis.
Except we NEVER GOT THOSE LOANS!
Banks pocketed the loot for bottom-line balancing and bonuses.
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Another once-prosperous economy brought to ruin by bankers.
Seems to be the plan.
