sangetsu03 comments

Posted in: As oceans rise, are some nations doomed to vanish? See in context

No. The majority of islands have gained land mass over the last 30 years. Bangladesh was said to be at risk from sea level rise, but it too has seen an increase in land.

1 ( +3 / -2 )

Posted in: Prices soaring everywhere: From beans in Brazil to pork in China See in context

Inflation began in 2020 when America increased its currency supply by 40%. As commodities are priced in dollars, we would therefore expect a 40% increase in prices, minus growth. But as economic growth has not yet reached pre-pandemic levels, that 40% is being felt everywhere. Inflation was in double digits even before Russia invaded Ukraine.

Despite the current situation of tight supplies of goods and a surplus of currency, governments continue to add to their currency supplies to fund their spending, which will only increase inflation.

In the early 70’s Japan was suffering from hyperinflation of around 23%. The BOJ, rightly, froze the currency supply, and the government enacted fiscal restraints, these turned the inflation rate around, but it took nearly 5 years for value to stabilize.

But I can’t imagine any large western economies today enacting such programs, that would require sensible economic decisions and responsible economic behavior

0 ( +2 / -2 )

Posted in: How the strong U.S. dollar can affect everyone See in context

A similar thing happened back in the early 30’s. The Great Depression started in America, and created a “value vacuum” which ended up drawing much of the world’s gold supply to America. This caused the UK to end the gold standard, but as gold is merely a representation of value, the effect remains the same. The money supply in America fell by one-third even as the supply of gold increased. Whatever this eventually leads to, it should be a reminder to central banks that regardless of their control over their money supplies, they will never be able to regulate value.

For myself, I am paid in dollars, so I can’t complain about a strong dollar, for now.

2 ( +4 / -2 )

Posted in: May Day rallies in Europe urge more help as inflation bites See in context

More free money means more inflation.

0 ( +2 / -2 )

Posted in: Descendants of wartime Korean workers remember their past in new museum See in context

When my grandfather fought in the Pacific, many POW camps were liberated. The prisoners were slave laborers who were required to work or die (most worked and died), yet their descendants aren’t building museums in their honor. Prisoners of war were also put to work in factories and mines here in Japan, a large percentage of them died of disease and malnutrition, yet there are no museums dedicated to their suffering. The only thing resembling a museum is in Kanchanaburi in Thailand, where the Japanese built the Thailand-Burma railway. Each tie (wooden beam) laid under the rails cost 1 human life. Some 150,000 men died as slaves to build this railway, but their sacrifice is seen as less important than Korean comfort women and factory workers pressed into labor.

5 ( +11 / -6 )

Posted in: Fukuoka library postpones Soviet film event due to Ukraine invasion See in context

The Soviet Union no longer exists. So what does shutting down this exhibition have to do with the Russian invasion of Ukraine? Will we next ban old Jackie Chan movies because of Chinese aggression In Hong Kong?

-2 ( +9 / -11 )

Posted in: BOJ's commitment to easy policy keeps yen on relentless slide See in context

Government spending records are broken every year, while the population falls and the tax base decreases.

To claim that the Fed is normalizing policy after adding some 40% to America’s money supply over the last two years is hilarious. “Normal” policy in an environment when inflation is over 8% would mean interest rates should be around 10%.

But massive deficit spending, astronomical public debt, and “competition” from the loss-generating public sector strangling output from the private sector means economies cannot generate enough value to fund themselves. So the debt hole continues to be dug deeper.

Out of curiosity, I had to buy a Zimbabwe $100 Trillion bank note. These are now worth more than $200 USD. Many of these notes have been bought by business schools and economics teachers to show that a government can’t simply create more currency to pay its bills. Perhaps I should give mine to Kuroda.

5 ( +10 / -5 )

Posted in: Tokyo rapper arrested for tagging Yamanote Line while drunk See in context

“Lil Mercy” is the rap name of Japan’s criminal justice system, which Sawada will learn about shortly

7 ( +9 / -2 )

Posted in: Report: Germany top buyer of Russian energy since war began See in context

Germany has been shutting down its nuclear power plants, and its coal-powered plants, focusing on renewables. But renewed don’t have anywhere near the same energy-producing potential, and are expensive. Germany has the highest energy costs in Europe. The only way Germany can keep is factories running and keep people from freezing to death is to buy Russian gas.

Biden abolished a Trump moratorium on Russian energy imports as soon as he took office, resulting in a tenfold increase in Russian oil imports to America, and giving Putin more control over America’s energy market.

European and American “leadership” has set the stage for Russia’s invasion and all the negative effects such as loss of loss of life and more inflation.

-3 ( +1 / -4 )

Posted in: Bank of Japan hikes inflation forecast on soaring energy prices See in context

Nice try guys, but the current inflation rates in March in America, Europe, and Japan were predicted to be this level before the war in Ukraine. That being the case, we must blame government spending and monetary policy for all of the current inflation.

But don’t worry, the full effect of energy prices will figure into inflation this summer and fall. The BOJ is still unlikely to hit its 2% goal as increases in commodity prices will drive down consumption.

America and Europe will certainly see inflation hit double digits as their governments will be spending money hand-over-fist to buy votes in upcoming elections and to pump up the stock markets with funny money to keep stock prices high.

2 ( +9 / -7 )

Posted in: Ward, Ohtani lead Angels over Guardians 9-5 for 4th straight win See in context

Go Angels!

-1 ( +1 / -2 )

Posted in: Twitter abuse victims fear Musk's plans, but may not quit See in context

“Twitter Abuse Victim?” That such people pretend to exist is abusive to common sense. When I was a kid “abuse” involved a black eye or other bruises, and/or an occasional lost tooth or broken bone. And i those days the consequences for committing such abuses are lesser than those suffer for “verbal” abuses today.

4 ( +6 / -2 )

Posted in: Operator of missing Hokkaido boat apologizes for causing fatal accident See in context

More than half of Shiretoko Yuransen's staff, including crew, had quit over the past two years, leaving only three in recent days, according to people familiar with the company

This paragraph is unfair. Almost every tour organization in Hokkaido has lost half or more of their staff over the last two years because of the pandemic. I have friends who run businesses in Hokkaido who have seen all of their workers quit because they can’t give them enough work to make it worthwhile.

Because of this paragraph, I have to doubt the objectivity of the rest of the story.

-3 ( +1 / -4 )

Posted in: Singapore executes disabled Malaysian convicted in drug case See in context

TokyoLiving - Most States in the US are actually going in the opposite direction with regard to drugs, reducing the penalties instead

And this approach has caused a literal explosion in addiction and crime, not to mention booming homelessness. Those countless thousands of homeless camps from San Diego to Seattle are populated mostly by addicts.

Japan’s drug laws are harsh, and its criminal justice system is unfair. And because these are so, there is little crime, and there are few people incarcerated in the prison system.

0 ( +0 / -0 )

Posted in: 2032 Olympic organizers hold first board meeting in Brisbane See in context

In 1984 I was a high school student with a drivers license and a car, and I was also a volunteer tasked to drive to LAX and pick up athletes arriving for the Los Angeles Olympics.

The athletes stayed in the Olympic Village, which consisted largely of mobile buildings which were designed to be public school classrooms, which was what they were used for after the Olympics. Other athletes stayed with relatives, friends, or college dorms.

The Olympics were still an amateur event, there were no sponsor logos, no famous athletes other than previous Olympic champions. Event tickets were cheap, more than half the events you could see for free.

LA didn’t build a new stadium, it simply used the LA coliseum, which was cleaned up for the event. No new venues were built.

Despite the lack of sponsors and a shoestring budget, and no famous competitors, the 1984 Olympics were a smash success. Everyone watched, and it was more pleasant to see on TV because there was actually more event coverage than advertising.

There was a wonderful party atmosphere on LA during the games, and it would have been hard to find anyone critical of them.

in 1988 I tuned in to the first non-amateur Olympics on TV. NBC hosted the televised show using its morning show celebrity cast. I was surprised to see more advertising than sports on the television, and the dropping of many of the smaller events to focus on the larger ones which were more “marketable.”

I don’t watch the Olympics anymore.

0 ( +0 / -0 )

Posted in: Mask requirements can be ended when the infection trajectory and epidemiological surveys show that the coronavirus pandemic has been completely stamped out. See in context

I didn't realize Japan had mask mandates. Except at the beginning of the pandemic, most places in the U.S. never had one and the ones that did ended them months ago. No evidence to suggest they work.

Japan has no mandates of any kind. The Japanese government has simply “requested” people do this or that.

7 ( +8 / -1 )

Posted in: Japan prepares ID cards for Ukrainian evacuees See in context

They will integrate seamlessly and be an asset to Japan

That’s funny.

In Europe Ukrainians integrate seamlessly into prostitution rings and organized crime syndicates. The infamous “Russian” mafia has always been mostly Ukrainian.

-2 ( +2 / -4 )

Posted in: Japan unveils ¥6.2 tril package to soften impact of Ukraine war See in context

Prices were already rising before anything happened in Ukraine.

No one wants to hear that, even though it is true. Blaming Putin allows our own leaders to divert blame away from themselves.

Inflation in America was 7.9% (using America’s extremely conservative measurement formulas) before Russia invaded. Indeed, the Russian invasion happened only 60 days ago, which is too recent to have any significant influence on the current rate. In March the rate increased to 8.5%, which it was predicted to reach before the invasion.

Nearly all of the inflation we are feeling now, today, is a result of policies enacted over the last 2 years. When we do begin to feel the real inflationary effects of the war in Ukraine, inflation will jump into double digits. By election season in America, people will be feeling real pain.

2 ( +3 / -1 )

Posted in: Google parent suffers 1Q growth slowdown, profit decline See in context

Adjust the figures for inflation and the fall in revenue is worse. On the positive side it means that people are ungluing themselves from their screens and getting back to work.

1 ( +1 / -0 )

Posted in: Japan unveils ¥6.2 tril package to soften impact of Ukraine war See in context

So in order to soften the impact of rising prices, the government will borrow 6.2 trillion yen from the taxpayers to give to the taxpayers who will have to repay that 6.2 trillion with interest? And what about the inflationary effect of diluting the money supply by a further 6.2 trillion yen? America and Europe were pushing toward double-digit inflation before the Russian invasion due to their diluting their currency supplies. Are people really this dumb?

8 ( +13 / -5 )

Posted in: Ukraine omits Japan from list of countries thanked in Twitter video See in context

Way back in 2014 Russia annexed Crimea, and the mass media said it was the first step of Russian invasion of Ukraine. Funny how the media now forgets this prediction.

Since 2014 Ukraine’s leaders have kowtowed to Russia. Not because they love Putin, but because they didn’t want Russian bombs and artillery shells exploding in Ukrainian cities.

Then Zelenskyy was elected. Rather than continue with groveling before Russia he decided to stand up and free Ukraine from Putin’s domination. He was told the risks, that Russia was not going to simply walk away and let Ukraine become fully independent.

To add to this, Zelenskyy began to solicit NATO for membership. He was told point blank that if he pushed to get Ukraine into NATO, Russia would invade. Zelenskyy didn’t listen, and Russia invaded.

And now about one-third of Ukraine has been overrun or leveled, refugees are flooding out, oil and food prices are spiking around the world, and we are as close to WW3 as at anytime during the Cold War.

Europe and America let Russia annex Ukraine in 2014, knowing what was coming up. You could have read these stories here on JT. Yet Europe allowed itself to become dependent on Russian energy. Biden himself allowed a 10-fold increase in Russian energy imports into America. And Zelenskyy put a match to a keg of dynamite after being told very explicitly that it would blow up.

Japan is completely right not to get involved in this train wreck comedy of errors which can only get worse if the West adds more fuel to the fire.

-3 ( +3 / -6 )

Posted in: Judge finds Donald Trump in contempt of court in New York legal fight See in context

Funny, isn’t it? First they claimed that Trump had overstated the values of his assets, and instead of being a billionaire, he actually had a negative net worth, which made him a potential blackmail victim to players like Putin. Now the claim is reversed, and that Trump has understated the value of his assets. Trump will of course appeal to a higher court, and the cost to New York’s taxpayers will increase by that many more millions of dollars.

-6 ( +1 / -7 )

Posted in: Hawaiian Airlines teams with SpaceX for in-flight internet See in context

Hmm. Way back when, what was it? 2006? I visited Japan the first time on a KAL flight on an old Boeing 777, which still had CRT monitors hanging from the ceiling. But 16 years ago on thisnold airplane I found I could access the internet using Boeing wifi. It cost me $13 for fast internet for the duration of my flight. Why was it so easy and non-dramatic to get in-flight internet in those days, while today it is being marketed as something new and cutting-edge? JAL and ANA have had internet for a few years at least, though it is more complicated and less reliable than back in 2006.

1 ( +1 / -0 )

Posted in: Bitcoin’s new puzzle: How to ditch fossil fuels and go green See in context

Easy way is if every body sells their environment unfriendly bitcoin then the price will drop and these companies won't be able to afford the costs to keep running these farms and be cost efficient. I already sold all mine. Dirty pollution coin.

I’m glad I held onto mine. They were worth $700 when I bought in.

2 ( +2 / -0 )

Posted in: Nissan ending production of Datsun brand vehicles See in context

I thought they did that back when Duran Duran was on the charts.

0 ( +1 / -1 )

Posted in: Murdoch launches TalkTV channel with Trump trashing Harry and Meghan See in context

But a promotional clip appeared to show the former U.S. president storming off after being challenged about his claims the 2020 U.S. election was "stolen" from him.

The clip was fake, Trump didn’t walk off, be stayed until the interview. Knowing that Piers Morgan might pull some kind of stunt, Trump had the entire interview secretly recorded. This recording was released last week.

But I suppose you are the kind of person who prefers a pleasant lie to an unpleasant truth whenever Trump is the subject, your post makes you appear to be unhinged.

For the mods here at JT, were starpunk’s post about Obama or Biden, you would have already deleted it.

-7 ( +1 / -8 )

Posted in: Elon Musk reaches deal to buy Twitter for $44 bil See in context

Twitter should be free and open, people say what they like, and others are free to agree or disagree.

15 ( +21 / -6 )

Posted in: Twitter bans ads that deny climate change See in context

Kind a hard to deny climate change when change is the climate’s natural state. Manhattan used to sit under nearly a mile of ice, see levels have varied by 100 meters higher and lower than today. CO2 levels have ranged from 90 ppm to 7000 ppm, more than 90% of life on earth went extinct before our first ancestors scribbled figurers on cave walls. But I suppose they mean “anthropogenic” climate change, which is also undeniable. But I can’t help but take exception to the amount attributed to human activity, not because it hasn’t been disproven, but that the methods of “proof” make a mockery of the entire process. When we are told that 2012 was the “point of no return, that “the north pole will be ice-free by 2013,” or that Polar Bears will be extinct in 20 years, only to find that the Polar Bear population has grown so large that their range is extending into places where they haven’t been seen in a century. Not a single one of the temperature increases predicted by climate models for the past nearly 30 years have been proven by observation, and the amount of actual warming remains within the “limits of natural variability.” The temperature record keeps being tampered with, previous hot weather and cooling trends are erased, and replaced with gradual warming. The entire climate change movement continually shoots itself in the foot by letting politics and fanaticism overshadow or even obliterate climate science.

3 ( +4 / -1 )

Posted in: 55% of Okinawans unhappy with 50 years since reversion to Japan: poll See in context

Only 55%? How many here are dissatisfied with the direction your home countries have taken over the last fifty years? I daresay that the figure would be much higher than 55%.

Wasn't it Frank Herbert who wrote in “Dune” “The science of humanity is discontent”?

-3 ( +1 / -4 )

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