We are optimists all over the world. All we have to do is to churn out national bond. No matter what will happen, we need not to do an arduous job. Printing money is easy task. Why are we such idiots who don't study the historical lessons
However, I am not a financial expert nor a technocrat of the financial administration. So my opinion can not surpass a gossiping at a barbershop.But I am convinced that coming crisis will be provoked coincidentally among many countries. Because astronomical huge money are circulated by speculation in the modern world.
"To warn the catastrophe seems to cry wolf but Japanese governmental liabilities have become to the serious level.And Doomesday might come suddenly."The Governor of the Bank of Japan said a short while ago.
As for famous Aesop's allegory "cry wolf", the last crying was true. After all,villagers came to be preys for wolf pack. Tsunami might swept the fear for the another serious problem from Japan. We neglect this serious financial problem and might have some implicit consent with a lax policy."To pretend forgetting a problem is a best policy."Shall we think so?
Tuesday, May 31, 2011
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