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@hadtrio66293 жыл бұрын
Japanese music is good but there should be a Japanese theme instead of a constitution like paper
@suleymanabdirahman44253 жыл бұрын
Why are you guys always talking about Non-white nations and all the bad they do. Why not talk about your own people first
@michaelmayhem3503 жыл бұрын
Holy fuck that was a long promo I had to stop the video
@robsonwilianwinchester97263 жыл бұрын
@@suleymanabdirahman4425 not always actually. I'm from Brazil you from?
@thomasridley86753 жыл бұрын
Bubbles are great. If you are not holding the bag when it bursts.
@RAS_Squints3 жыл бұрын
Forgot who said it, but there are 5 types of economics in the world, free market economy, planned economy, mix economy, Argentina, and Japan
@MJ-273 жыл бұрын
Your right bro. The bank of Japan has gone crazy with QE
@milominderbinder62093 жыл бұрын
What's special about Argentina?
@RAS_Squints3 жыл бұрын
@@milominderbinder6209 Argentina was once one of the world's riches counties, then got turned into developing status
@piotrzagroba53013 жыл бұрын
@@milominderbinder6209 I think it went bankrupt like 10+ times
@milominderbinder62093 жыл бұрын
@Jason ,Piotr, Alex thanks for answering, as a STEM student I try to keep myself informed on economics. There is a need for universal financial and economic literacy.
@schumanhuman3 жыл бұрын
The collapse of Japan's bubble was predicted by UK economist Fred Harrison in his 1983 book 'The power in the land', he also predicted the UK and US early 90's recessions in the same book. In 1997 in 'The chaos makers' he also predicted the US and UK crash to occur in 2008. ''By 2007 Britain and most of the other industrially advanced economies will be in the throes of frenzied activity in the land market equal to what happened in 1988/9. Land prices will be near their 18-year peak, driven by an exponential growth rate, on the verge of collapse that will presage the global depression of 2010. The two events will not be coincidental: the peak in land prices not merely signalling the looming recession but being the primary cause of it." And if you're wondering, next crash should be around 2026/7. It's not hard when you look at previous cycles.
@belladesa913 жыл бұрын
Prolly Coronavirus have sped up the 2026 bubble ur mentioning
@schumanhuman3 жыл бұрын
@@belladesa91 Not really, it fits in rather nicely (pardon the lack of taste) with the mid cycle dip which is part of the theory. Notice global interest rates are down again setting us up nicely for the next expansion. US house prices have a good amount of headroom and they also have a strong demographic period of prime age workers from 2020-24 so the boom should be strong. www.exponentialinvestor.com/technology/boom-times-are-here-again/
@martinmontalvo33813 жыл бұрын
Thank you for this information
@MTTT12343 жыл бұрын
And did he predict in which country the next crash will start this time?
@robsonwilianwinchester97263 жыл бұрын
Yeah.very nice info.i don't know it until now so thanks for the info. I believe developed countries in future probably will have to types of crisis . maybe some of these 2 happen.1 crisis growth of population (mostly at least in some countries by immigrants) and lack of enough House's.2 lack of population growth (few immigrants and baby's) . and I believe probably canada will have problems trying to grow their population enough to don't have a crisis.probably they won't will get enough immigrants to supply the aging and shrinking population. Since population statics from 1800s predicted wrongly the population of canada in 20th century will be 100 million.theyre only around right now 35 millions.
@ollyshuteye19823 жыл бұрын
The lesson is don't invest in companies with a PER of 60+.
@lianghaochen3 жыл бұрын
Take a look at the US stock market today and you'll shit your pants.
@nolisto13 жыл бұрын
Tesla is 1000 lol
@meivenheaven3 жыл бұрын
@@nolisto1 A new paradigm!
@sanjanind3 жыл бұрын
You need to compare P/E ratio with its category avg , bcom fmgc and growth stocks have usually high p/e ratio.
@leolautitia71353 жыл бұрын
@@sanjanind not 1000
@ZiomekPatrykC3 жыл бұрын
WHY IS THE MUSIC ALWAYS TOO LOUD ON THIS CHANNEL
@shinb57103 жыл бұрын
why? its cool comrade
@clintonleonard51873 жыл бұрын
Loud and bad.
@petertuffley74753 жыл бұрын
My family and I went to live in Japan in the last few months of the Japanese bubble. During that brief period the appearance of affluence was everywhere, and it felt great to be living for the first time in a society that was not forever plagued by worries about the economy... One of the moments that spelled the end of the "good times" was when, with soaring property values fuelling a collateral-fed borrowing and speculative boom, the them Prime Minister Toshiki Kaifuu announced an intention to bring house prices down to within the reach of the annual salary/wage earner... It didn't take long for the prospect of shrinking collateral values to impact the stock market. One might hope that the lessons of that time would have been permanently learned. Sadly, history suggests not...
@calmsine77672 жыл бұрын
Ppl keep comparing the US bubble we’re in now to 2008, when in reality it’s actually more similar to the Japanese one
@priinceanthonykoldd70718 ай бұрын
@@calmsine7767exactly! This is why I am here reading this comment now. I think we are now in the same bubble today as Japan was and I am trying to figure out what phase we are in. As of now the housing, insurance and new car prices sky rocketed ! Especially houses ! I am thinking next is the banks and the markets since we already had a lot of them close this year alone
@snackplissken81923 жыл бұрын
I lived in Hawaii during the Japanese property bubble and after it burst. I had always wondered how Japan got to those hundred year mortgages we heard about. This video is a much better explanation than we ever heard stateside when we were trying to figure out how Japanese tourism had completely dried up.
@NutsNBolts-fv9kx3 жыл бұрын
I heard that real estate and cabaret clubs were really popular back then too
@duh_raven3 жыл бұрын
Dam no one here gets the joke 😔
@AnonYMouse-ky4sg3 жыл бұрын
@@duh_raven I don’t get it
@martinki113 жыл бұрын
@@AnonYMouse-ky4sg Yakuza game reference, I think
@Kara-de5cz3 жыл бұрын
@@martinki11 Yep,Yakuza 0. But the main plot of the game is about big Yakuza clans that want to buy a zone from a district from Tokyo.
@Kara-de5cz3 жыл бұрын
I'll make an offer...
@kentnelson7622 жыл бұрын
I lived in Japan during the bubble years on the way up and watched it in real time as it came back down. It really was wild. Really wild. Makes me think of how SF must have been like in the gold rush days. He missed out on the whys/hows/and wherefores of it and what brought it down. But did a nice job on going over some of the machinations of what happened. I'd give him a solid 80 on it.
@rejectionistmanifesto88362 жыл бұрын
I was hoping you made a video going into more detail. It would help people to get such direct experience information.
@AntonioCostaRealEstate3 жыл бұрын
From what I understand, Japan is still a powerhouse in manufacturing , it is a mercantile nation, uses automation profusely, has an enviable record on quality of life, and labor versus capital is not antagonistic. So German, the Scandinavian Countries, Canada, and Japan practice some form of social contract. So much in fact m during the pandemic Japanese and German industrialists, and their governments, chose to pay workers to stay recluse. You can’t make such a claim in behalf of the US, and I doubt China or India’s counterparts provided something equivalent. True, the Japanese were sandbagged by Americans. Not only the former meddled with the Japanese Central Bank, a vital cog in their economic engine, they went as far as to nearly bankrupt a Japanese Industrial Giant , Toshiba , back then on Flat Screens. It was a big hoopla during the early 90’s. Toshiba was targeted and penalized unfairly for their competitive advantage. Yet, Japanese industrial Keiretsu oriented giants expanded abroad. The 80’s were the watershed moment when Lee Iacocca, then at the helm of Chrysler , challenged Japanese automakers to fair competition by opening up plants in North America. Not only Japanese automakers followed on the dare, they overwhelmingly succeeded. Further , they expanded into Latin America. Yes, the Japanese population is aging, their work ethic still superlative , they are knee deep in debt at the government level. Oddly enough , the average Japanese investor holds more national treasury securities than their American counterparts, and their Debt to GDP is horrible. Yet, people from the world over , given the chance, will want to live in Japan.
@danielota52243 жыл бұрын
Your comment was very interesting for me to read. Thank you.
@lordanonimmo76993 жыл бұрын
@Satryadhamma Putra Japan has a big problem that is also lack of net immigration,countries like germany for example can work around low birthrate because of this.
@kentnelson7622 жыл бұрын
Not a bad read from an arm chair. But Japan is an onion-and you barely got thru the first layer.
@showcaseSampa2 жыл бұрын
@@kentnelson762 Ok, I am sure you can fill in other than give me a "onion first layer peel" type of answer. Got anything else to add?
@merlingeikie2 жыл бұрын
They are pretty xenophobic. The police prosecutors/district attorneys enjoy a 99% conviction rate. 100% for foreigners.
@jamesmurphy94262 жыл бұрын
Life inside a economic bubble is so blissful
@PeterJurasek3 жыл бұрын
looks pretty much like what the USA is experiencing now
@nitroxide173 жыл бұрын
Canada too. Especially after covid
@The_North_Star_of_Wall_Street3 жыл бұрын
Yeah I supposed that. That's why I came here. We dont have Zeitex but the rest is there.
@The_North_Star_of_Wall_Street3 жыл бұрын
Correction We have the equivalent of Zeitex. Buffet talked about it in his annual speech to investors
@AnonYMouse-ky4sg3 жыл бұрын
@@The_North_Star_of_Wall_Street what’s the equivalent to zeitex?
@AnonYMouse-ky4sg3 жыл бұрын
The PE and debt ratios are not as high, and the Japanese collapse only happened when their Fed increased interest rates. We have learned from that and only raise interest rates when the economy is on stable ground. What I wonder is if this policy can only delay the inevitable.
@kristoffervalen29353 жыл бұрын
Well the Japanese ‘“miracle” wasn't much of miracle but a carefully planned plan from some few politicians to hold the ¥ to $ ratio at 360/1 so Japanese firm could export everything cheaply to US-markets for three four decades and then a real estate boom happen in the 80s that did burst in the early 90s and have in a clinical stagnation since.
@my0.02cents3 жыл бұрын
thinking of china right now. A few similarities. Thoughts?
@kristoffervalen29353 жыл бұрын
@@my0.02cents well yes but not really because China have a gigantic labor market and very cheap hand of labor, I would say it's more like South Korea infact the Korean system is the same as the Japanese a few conglomerates who basically run monopolies that kind of compete against each other but not really!
@trackingthecoreofstuffandm23103 жыл бұрын
@@kristoffervalen2935 yea but automation will kill its gigantic labor market you know
@kristoffervalen29353 жыл бұрын
yeah if the bosses want to not pay people for the work and therefore we have the state to regulate it and tax it! People should also have armed unions behind them too.
@trackingthecoreofstuffandm23103 жыл бұрын
@@kristoffervalen2935 you think the communist party would allow that lol
@keithng25173 жыл бұрын
Did they drop the requirement to wear a Hawaiian shirt?
@p0pov133 жыл бұрын
Wow, I'm pretty baked and that ad at the beginning really messed with me. I totally forgot what video I clicked on and was wondering why in the world I chose to watch this video.
@stevenmcnair18972 жыл бұрын
lolol thanks for sharing
@royalclan27913 жыл бұрын
Guys I just want to say this channel never interacts with its English viewers, there is a lot of stuff we want changed but they will not listen to you here
@Sunny1983253 жыл бұрын
Thats what happen when economy is solely based on real estate and stock market.
@kumikoOG3 жыл бұрын
*Japanese economy in the late 1980s. This development involved fundamental economic restructuring, moving from dependence on exports to reliance on domestic demand.*
@showcaseSampa2 жыл бұрын
I understand English might not be your first language. But try to expand your point, if all possible. Thanks
@FuZZbaLLbee3 жыл бұрын
"Housing market completely unaccusable for young people". Sounds familiar (European)
@akashsinghsharma58173 жыл бұрын
Lesson: western economic system is not as good as it seems. Probably Eastern countries should throw it and write new one.
@takigan3 жыл бұрын
More accurately, the western economic system is not perfect. Japan's economy cratered in the early 90s, sure, but they were still way ahead of Germany and France after the bubble burst than they were before the bubble started.
@Zantam702 жыл бұрын
China says hi c:
@NeostormXLMAX Жыл бұрын
you mean escape being an american colony?
@The3nlightened0ne3 жыл бұрын
<a href="#" class="seekto" data-time="120">2:00</a> for the actual video and skip the ad
@buffalove96343 жыл бұрын
Ty
@miroslavhoudek70853 жыл бұрын
@<a href="#" class="seekto" data-time="444">7:24</a> I'm really starting to think that I should introduce these two guys to my parents, as we have been seeing each other for a while now.
@None-do2qn3 жыл бұрын
Are you crazy?
@duXieduX3 жыл бұрын
5 ads breaks, cancer of youtube
@waliddjema54423 жыл бұрын
Use adblock... I NEVER got any ad...
@belladesa913 жыл бұрын
Had 0 😁
@nononsense27313 жыл бұрын
Use adblock browsers. KZfaq has just too many ads these days.
@gallaxylhlovehope10513 жыл бұрын
I never get an add even with out Adblock
@bunnyg1996g3 жыл бұрын
@@nononsense2731 how do we do that on our phones tho?
@Circ00mspice2 жыл бұрын
That's some deep Yakuza lore there
@dragonesryan2823 жыл бұрын
The plaza accord is the main reason Japan got collapsed economically.
@Dbdabo053 жыл бұрын
Why?
@manfreds.63843 жыл бұрын
NO! How come germany, uk and france did not suffer as japan did? It was Japanese Central Banks response to the accord that is the problem.
@user-ql9ew5d3 жыл бұрын
While Germany and France have the Euro, the Yen is not used outside of Japan.
@manfreds.63843 жыл бұрын
@@user-ql9ew5d they did not use the euro at that time they adopted the euro more than a decade after the plaza accord.
@manfreds.63843 жыл бұрын
@King Crusader they themselves were manipulating their currencies for decades prior to the plaza accord by increasing their money supply to keep low against the dollar. China is doing just that increasing the yuan supply to artificially lower its value against the USD.
@JayaPrakash-mt8cv3 жыл бұрын
I am from India. I like this channel very much
@007GoldenLion3 жыл бұрын
I like India. It is a beautiful country.
@gauravkumarjain15373 жыл бұрын
The stuff this channel produces is really great....but many times facts are not right or selectively picked ...so that everything can fit into their narrative... Maybe you should double check the things they say or at least be skeptical
@n124ac96 ай бұрын
Just today, the Nikkei index just surpassed its 1989 peak closing value of 38915.87, closing at 39098.68.
@TheRoyL3 жыл бұрын
I'd love to see a video addressing the Canadian real estate bubble.
@AG-en5y2 жыл бұрын
Canadian?!? Lol u mean Toronto and Vancouver brah. No whereywhere else do u see those kind of ridiculous pricing
@TheRoyL2 жыл бұрын
@@AG-en5y It’s ridiculous for what it is everywhere else as well. It high for a city of the GDP or amenities globally in Toronto and Vancouver. It’s high for a town or mini city with terrible weather everywhere else.
@AG-en5y2 жыл бұрын
@@TheRoyL I’m from Winnipeg Abd now in St. John NFL and you can get a water front new 3 level home for 800k. It’s pretty darn fair in Winnipeg as well
@TheRoyL2 жыл бұрын
@@AG-en5y That is the point. There is no value for money in most of Canada. You can spend 700k USD in Freeport, New York be on the ocean and less than an hour drive from Time Square, some of the best restaurants on the planet and be able to catch bluefin tuna seasonally.
@AG-en5y2 жыл бұрын
@@TheRoyL no way 700k for a water front house
@lemarcoX3 жыл бұрын
china has draw lessons from the plaza accord, predicting this might happen to them, they visited japanese officials who signed the plaza accord in the early 2000s, and now the chinese government is facing similar front with trump's trade deal.
@manfreds.63843 жыл бұрын
it wasn't the plaza accord that was the problem germany, france and uk signed it too. It was the Japanese response to it.
@lemarcoX3 жыл бұрын
@@manfreds.6384 the plaza accord was to depreciate the dollar and euro in response to the japanese yen, therefore increase market competitiveness of the german and us. its the lead contribution to the japan's lost decade.
@manfreds.63843 жыл бұрын
@@lemarcoX the euro wasn't a thing during this time. also the dollar depreciated not only from the Japanese yen, but also to the pound, franc and german mark. America was in its right to depreciate it's currency as the other countries were already doing that anyway. Japan economy grew 7-10% percent annually between 1986-1989. When it was just growing 4-5% between 1980-1985. The plaza accord was also abolish in 1987 replaced by the Louvre accord while the Japanese bubble burst in 1990.
@economicsinaction3 жыл бұрын
<a href="#" class="seekto" data-time="182">3:02</a> Josh mentioning all the electronic products he is too young to know
@derneugi3 жыл бұрын
How old is he?
@OurLordandSaviorSigmar3 жыл бұрын
What the hell is Zytech? I can't look it up.
@sebastianelytron84503 жыл бұрын
After hours of searching, I'm convinced they made it up. Dislike the video.
@OurLordandSaviorSigmar3 жыл бұрын
@@sebastianelytron8450 same here. The quality of these videos seems to drop as time passes.
@akshanshchoudhary73973 жыл бұрын
It's Zaitech. Not Zytech
@konrad15473 жыл бұрын
its zaitech its on google
@The__Outlaw3 жыл бұрын
I graduated in 1988 , and had no idea that this was going on.
@nobo16823 жыл бұрын
Theirs some similarities to this with what's happening to the US now, cheap money, with the stock market at a all time high, while the actual physical economy is at a all time low.
@kinggoten3 жыл бұрын
don't forget all the unemployed people, or with such low wages people cannot afford anything not to mention no decent safety nets to help them get back on the job when it all comes crashing down
@nobo16823 жыл бұрын
In my opinion were in for another great depression, followed by a cold war or a world war with china that may or may not be fought with conventional weapons or cyber warfare if trump wins, even with biden it wouldn't be much better as he will likely make more concessions to china to regain the status quo, which will weaken the US and strengthen China bid for top dog.
@kinggoten3 жыл бұрын
@@nobo1682 I agree other then I don't think Biden actually be any better the Dems feel more pro war then the republicans where as Trump is very much more isolationist
@nobo16823 жыл бұрын
If you look at china's past isolationism cost them dearly, as the west advanced toward the future, china and the east stagnated in the past, obsessed with their past glories, for goodness sake gunpowder was invented in the east and yet it was the west that turn it into a weapon to dominate the world.
@shrodingerscat89402 жыл бұрын
@@nobo1682 yup chian and india used to control 50% of world for 2000 years
@iamthelaw693 жыл бұрын
You assume people learn from history. News flash: They don't. We love to repeat history's past mistakes.
@joeytorontocanuck86823 жыл бұрын
We in Canada are doing the same in the past 10 years. Very low interest rate caused borrowing to skyrocket. Real estate price is sky high plus foreign buyers have invaded Canada many from China. Our American neighbour had their buble burst back in 2008 and now the bubble is full blown again with the stock market at high level during a global pandemic lol. Stock market crashed back in March in the beginning of Covid pandemic but it's back up already - full bubble lol. Waiting for it to crash again lol.
@gregh74572 жыл бұрын
down in the lower 48 we call it "the everything bubble" i sold my house and cars and moved to japan last month because i've seen how this movie ends, I got caught in the 08 housing bubble and rode it out until now but i spent many years under water. The dollar yen exchange rate now gives me a 30% discount using dollar credit cards but i don't know how long thats going to last. i don't know what's propping up the us dollar. Well i do know actually. The dollar is the best game in town but that isn't saying much. Europe is in even more of a mess. If japan's intervention of the 10 year bond yield curve blows up and the exchange rate goes parabolic, i might buy a house here.
@Alex-ll3ig3 жыл бұрын
Bank : You want to go in dept? Japan: Yes.
@belladesa913 жыл бұрын
Ai senpai
@momorama88323 жыл бұрын
keynesian economics period
@JeremiahBelocura3 жыл бұрын
Am I missing something? I've never heard "Nikkei" pronounced the way it is on this video 🤔
@LeasCraftStudio3 жыл бұрын
He just butchered it. It’s pronounced “Neek-Kay”
@benderbendingrofriguez33003 жыл бұрын
he's gringo, he doesn't even know how to pronounce Ottawa.
@fgraft3 жыл бұрын
The video content was great as always, but the amount of ads interrupting the video, combined with the amount embedded in it made feel like I'm watching a commercial break... Is it really necessary?
@nassiralghamdi12683 жыл бұрын
You are more pleasing to watch than the other new guy :) Keep it up!!
@hoti2573 жыл бұрын
Despite not being into economy, I enjoyed this video a lot
@belladesa913 жыл бұрын
It's never late to join our wonderful world! Hint: stay away from those into Finance, those are the "bad" economists
@hoti2573 жыл бұрын
@@belladesa91 I will take this into consideration, thank you very much
@pietropasotti4418 Жыл бұрын
This video came out one year too early. Should be now the right time.
@Ashadow7003 жыл бұрын
Meanwhile, back in present day... ...Nio generates about 1% of the revenue of Toyota, - but has an evaluation of nearly 40% of Toyota... ...Tesla is trading at a P/E ratio of around 1200 ...and Bitcoin, an asset with arguably no underlying value at all, has increased in price by more than 5 times over the past 12 months.
@janalexandert3 жыл бұрын
Thanks for the video.
@martinmontalvo33813 жыл бұрын
YEEEESSSSSSSS a video about my favourite topic! For more information, watch or read "the princes of the yen" from the excellent book by Richard Werner on Japanese post war economy
@aryanpandey82803 жыл бұрын
Sir,What else would you recommend for any of the Geopolitics situation (s).
@martinmontalvo33813 жыл бұрын
@@aryanpandey8280 there's a channel here on KZfaq, search: the Caspian Report, excellent information on geopolitics and diplomacy
@SlobberySlob3 жыл бұрын
That book doesn't mention the plaza accord and is pretty much a conspiracy theory
@aymericdekerdanet93183 жыл бұрын
Richard Werner is a fraud dude.
@deku8122 жыл бұрын
I feel like half of this video is just flashy cuts , title cards and stock video of modern japan with no context. Guys, people aren't dumb, you can present the information in a straightforward way.
@TheNinjaDC3 жыл бұрын
While this is a good explanation of the bubble & burst, Japan's continuing economic problems stem from a much more simple issue; population. People are the biggest drivers of an economy. An economy can maintain steady growth if they, (A) have a steady population growth rate, like with the US, or (B) lift people up from lower economic value(poverty), China. Japan's population is straight up, decreasing, with a severe aging problem, and on top of this, by the time of the Japanese bubble, the population was already fully developed (no one to lift up from poverty).
@graemesydney383 жыл бұрын
Steady population is okay provided exports keep growing to support increased productivity. Japan is being out performed in the export markets by all the other asian tigers and particularly China. Si Japan is on a lose lose.
@johntheaccountant55943 жыл бұрын
Population growth is not going to be needed with AI and IT and robots and automation.
@graemesydney383 жыл бұрын
@@johntheaccountant5594 Yeah, AI will identify the world's problems and eliminate us - no population requirements; no population (at least not human population).
@bobby57763 жыл бұрын
It's always a good thing to live a long and happy life...except that, in order to achieve it, the old and dying have diverted vital national resources from the development of the youth and future of thier civilizations, only to prop themselves up for a few more years. It's a criminally poor investment and needs to be reversed: the old need to be allowed to die and the youth must be allowed to prosper in order to save their respective societies/cultures/traditions. Otherwise the crab-bucket mentality of the old are gonna take us all down with them when they're toast
@graemesydney383 жыл бұрын
@@bobby5776 aren't we a little ray of sunshine. Sounds like you have mummy issues.
@SUuperCLasSH3 жыл бұрын
I would really like to see an episode that explains how countries such as Germany and Japan became such powerhouses after the dreadful destruction they lived during WW2
@z2zugzwang3 жыл бұрын
They was a lot of policy decisions, austerity, The Marshall Plan etc. And a very important catalyst, access to the US Market. US gave them preferential access and allowed most of these countries to sell them their products.
@annexcanada99873 жыл бұрын
@@z2zugzwang just adding that the US also allowed free global trade with control of the oceans.
@AG-en5y2 жыл бұрын
I would also like to know the details since I’m guessing that The USA basically pulled one of those “he’s wit me” moves and bouncers let the loser enter the club (Japan). I’m guessing there’s a reason why the JNP currency is part of the International Monetary Fund
@showcaseSampa2 жыл бұрын
Just pick up Peter Zeihan's ad nauseum repeat public engagements prior to COVID. You will get the idea. He will tell you how America bribed the war ravaged countries by giving access to free trade, for as long as the Americans policed the seven seas and everybody else followed their lead. Or in the iconic Marlon Brando's Godfather, " I will make an offer that they can't refuse" . The caveat was, the other Nations would help the US against the wave of communism, and all would enable the US currency to be the the facto trading currency ( that later solidified with OPEC oil exporters ). It is being done since decades, as other nations bankroll the US Industrial Military Complex through buying US issued Debt ( Sovereign Debt purchases ). As result, every nation could manufacture and export their surpluses, nearly duty ,free to primarily the US. Most other nations, even the exporting ones, maintained barriers and tariffs. Also, again, most export transaction are pegged on the US Dollar. Lastly, the Americans sweetened the deal with the Marshall plan, literally bankrolling Europeans and Japanese with funding and loans to get their then in shambles economies, restarted.
@NeostormXLMAX Жыл бұрын
@@z2zugzwang thats incorrect most of it came from the military surplus, japan and germany WHERE ALREADY leading world economies before the war, it is said that a country dies with its people, as long as there are highly educated people left the country will rebuild (japan had the highest literacy rate out of any country at the time)
@kiwoongpk913 жыл бұрын
video starts at <a href="#" class="seekto" data-time="120">2:00</a> I almost left
@dantemigueljamorabo2783 жыл бұрын
ahhh 1980s and 90s the Golden age of Yakuza. gotta respect that.
@Kara-de5cz3 жыл бұрын
The Tojo Clan really wants to buy that Empty Lot.
@kentnelson7622 жыл бұрын
As I recall at the time they estimated over $60 B of that zaitech went straight into the yakuza's coffers-and that was in 30 year ago dollar estimates...the fourth branch of the Japanese government.
@fandychenz15763 жыл бұрын
The one and only leason is dont trust america.... Cause they did all thing to maintain their first spot. The example is the plaza accord. And japan can reject this accord. They were to dependent on the US military..
@John3.363 жыл бұрын
Options are dont listen to the USA and lose all your export market and military protection, or listen to the USA for promised success while not realizing that Keynesian ecnomices were a failure in the making.
@fuckas..r3 жыл бұрын
Very nicely explained
@CadolfWasHere Жыл бұрын
<a href="#" class="seekto" data-time="110">1:50</a> is when the video actually starts.
@kehkeh928213 жыл бұрын
Great information but the music felt distracting at times. I think it's bc the sound volume just shoots up when he's not talking; something at a more consistent level would be better I think. The music choice isn't my favorite either but that might just be difference in taste.
@JamesThompson-oz8kh3 жыл бұрын
The question is not can we but will we. if history is a guide, the answer is, sadly, no.
@khaleeqmuhammad9543 жыл бұрын
Dear admin, also make a video on upcoming Chinese economic bubble which is going to burst soon
@marc-antoinepaquin18843 жыл бұрын
I strongly suggest this documentary on this topic: kzfaq.info/get/bejne/pptxlpqS1cWxcY0.html Visual Politik miss the main cause behind this bubble and burst. The central bank of Japan was controlled by pro-Americans neo-liberals that created this disaster on purpose. They were trying to force the government of Japan to drop it's window guidance policy, deregulate its economy and adopt austerity. To punish the government, they let the economy collapse by preventing private banks from creating new money. While they could have given a realistic quota to the banks through window guidance policy and therefore prevent the worst, but they needed a big shock to force structural change on Japan government. In the end, American venture capitalists get a huge discount on japan real estate.
@user-wb1wf6ix6b Жыл бұрын
Thank you for the video!
@karanshringarpure14903 жыл бұрын
Like ur shirt John, looks suave
@MisaNeruru3 жыл бұрын
Yakuza zero bring me here
@jurgenklopp68853 жыл бұрын
Same
@juliagyuo44293 жыл бұрын
You have no idea how much this video helped me with my bachelor's degree. Thank you so much!
@ncuco3 жыл бұрын
I don't get it. This is a politics channel. It's not for kids. What's with the idiotic emojis in the video names? Who are you trying to captivate? You think teenagers are interested in Japan's economy? You're just pushing away more invested and interested viewers with this very unprofessional look
@AntonioCostaRealEstate3 жыл бұрын
Nuno Cuco I don’t pay any attention to emojis. All I care is the quality of content and presentation. For the time being, VP editorial staff does a decent job with the Channel. Not perfect but serviceable. There are some serious alternatives out there , such as The Caspian Report. Yet VP provides a condensed analysis and summary, not always spot on, as some have pointed, nonetheless interestingly. They seemed to be overly preoccupied with keeping the benchmark numbers, and you can tell it by the way they cater their message towards Americans. It’s a business of media for revenue generation , first and foremost.
@ncuco3 жыл бұрын
@@AntonioCostaRealEstate Sim. Fixe. Mas isso n justifica a necessidade de emojis. Caspian Report dwells on interesting subjects but I don't find the presentation of the information as captivating. Sounds more like a teacher giving a lesson. I use emojis in casual talk regularly, but don't think they have a place here
@ArtHoward3 жыл бұрын
Fantastic video. So clearly explained I only had to rewind once to understand something. More, please.
@meldridgereedjr28423 жыл бұрын
You should read "The Accidental Superpower", " The Absent Superpower" and "Disunited Nations" by Peter Zeihan.
@kmmaxim4848 ай бұрын
The lesson is what goes up must come down
@kacperkarpinski34873 жыл бұрын
Am I the only one who sees this as a warning to current corona borrowing spree?
@jesseyules2 жыл бұрын
That Wall Street Journal quote just before the crash is priceless. Economics isn't a real science folks.
@doggelito71539 ай бұрын
hey im just wondering what your sources are about this :)
@enochlam99363 жыл бұрын
Japan is getting too bitter - it needs more Suga
@stephenj.rushford72923 жыл бұрын
Nearly two minutes of advertising for “finimize” on a 15-minute video is ridiculous: I won’t be watching any more of your channel, let alone subscribe to it!
@yuno58693 жыл бұрын
one of the best explanations thank you for making the video
@ZorroComputers Жыл бұрын
Just imagine witnessing property value go up by x3 in a few years.
@mitchelljaramillo2 жыл бұрын
Awesome video thanks! Wish you went into a little more detail after the bubble burst but otherwise thanks. Very enlightening.
@edgeldine34993 жыл бұрын
Robert Lighthizer was involved heavily in the negotiations of the plaza accords.
@jjgspann50103 жыл бұрын
Stock market is not an indicator of a country's economic strength.
@belladesa913 жыл бұрын
^dis. I hate the "Anglo-American" evaluation method for wealth.
@philandeswilliams19753 жыл бұрын
Very thorough video!
@LuizHenrique-jz7gl3 жыл бұрын
Great vídeo
@Alvaro-oe8qg3 жыл бұрын
Great video! I came from the Spanish channel, and this is as good as the other, I´ll support :)
@CAThan863 жыл бұрын
Thank you so much! Your content is fascinating. I don't how it happened but I'm from Poland and hellllll... I don't know how you appeared on my list. THE INTERNET IS HAUNTED HAppy haLOween
@frankspilotro60173 жыл бұрын
Brave decision by Japan to help slow the spread of COVID. Let's all pledge to reward them for their selfless behavior in the coming year by buying Japanese products and planning trips to Tokyo and other Japanese destinations. #thankyoujapan#domoarigatojapan #domoarigatotokyo .
@showcaseSampa2 жыл бұрын
that is a point. Also, the so heralded "Demographic Aging " trend. I am sure migrants are to carry the Japanese's society's burden. There must be migration pockets/ enclaves in Japan. That would be an interesting subject to bring out to light. Thx
@tavishidoshi66483 жыл бұрын
Thank you!
@robsonwilianwinchester97263 жыл бұрын
Someone can put subtitles in japanese?!!! I'm curious what japanese have to talk about the old times of financial crisis's and today international healthy crisis.
@mohanank.n90562 жыл бұрын
Don't forget that japan would overtaken the United States before 2000 but of this bubble put an end to it! Iam an Indian but love both India and Japan. 😀
@harivardhan25003 жыл бұрын
Everyones criticizing china for devaluating their currency...While US sitting there like it is pure innocent
@harivardhan25003 жыл бұрын
@Lovecraft It seems that i do not... Would appreciate it if u could direct me some references backing up your claim... I would like to remind you that Iam no china lover...Iam from India and i have much more reason to dislike china than just economical concerns of USA...I just think US is not the righteous hero batting china as it trying to project itself as
@belladesa913 жыл бұрын
@Lovecraft US used its military strength to dictate the terms, but now China is slowly taking over
@belladesa913 жыл бұрын
@Lovecraft I'm not from the US and it's not lying, but facts, my dear Murican. US has always spent a shit ton of money in military, that's why armaments have some of the biggest US firms
@belladesa913 жыл бұрын
@Lovecraft I can feel the rage. Don't be mad
@Kameeho3 жыл бұрын
Thats a Dank soundtrack. Where can i throw my money at to obtain it?
@awesomecosmopolite15213 жыл бұрын
The most clear explanation that I've come across of the Japnese bubble. I think it's sort of like a vehicle that is running at an ever increasing speed and there seems to be no simple and effective way to stop it soundly.
@jhoughjr13 жыл бұрын
when a certain tribe of people came with innovative financial vehicles.
@mohityadav-ju2qy3 жыл бұрын
You know when you're in a bubble. What you don't know is when it will burst
@xtan1502 жыл бұрын
Dude just ripped all footage off from a single video here on YT without credit.
@MegaCarling113 жыл бұрын
The question is not `can we draw any lessons ` but will we ?
@clintcowan9424 Жыл бұрын
Do not incentivize stock buybacks. Today. The leaders of a company have their options and incentives to buy back companies stock to make more money. Japan showed us this does not end well
@renren476182 жыл бұрын
Honestly, Yakuza and 80s Japanese songs make me wish i was around that time living on Japan, sounds like the best era of humanity's story or one of the most interesting that are also actually suitable for someone to live through it But then i would like to return to the current times in my own country...
@RodrigoOliveira-cc3kc3 жыл бұрын
Central bank=artificial economy
@eliotness1073 жыл бұрын
This sounds exactly whats happening in the US today.
@rogueagent0191 Жыл бұрын
You took too long to explain. This all happened because Japan was forced to accept the Plaza Accords of 1985. Japan would have been the #1 economy already if it wasn't for it. . Americans are just so deceitful
@johntheaccountant55943 жыл бұрын
And now the same is happening in the USA: Zero interest rates Money Printing Banks lending Share buy backs Company take overs PE Ratios of +50 The result is an increase in the value of shares, real estate and debt. So the USA can continue to print for a while longer.
@Dommy5213 жыл бұрын
Japan needs to shortened their workload and invest much more in innovation. I believe innovation was a major part of their success.
@peckoltia313 жыл бұрын
@Satryadhamma Putra There is no resources except people in Japan. Big companies' stockholders are non Japanese. Money leave from Japan. Workers reap none of the advantages.
@NeostormXLMAX Жыл бұрын
they had tons of innovation, however they had little land and no resources, and had to constantly import, island nations like england and japan are not fit to be a net exporter, they basicly have nothing to export, if any other country switched places with the united states they would be the world power, the geography of the states is the best in the world
@Fire-ci4se3 жыл бұрын
Same happening in China
@23232323rdurian17 күн бұрын
if you denominate Japanese assets/real estate by a normalized USD, then the fluctuations arent nearly so great. I lived/worked in Japan 1980s thru the bubble. Got my seed capital from that bubble (thank you guys!)....but as for actual Japanese LIFESTYLE....it's not that different before, after, even 30 years later.....just the NUMBERs look extreme cuz we're denominating in a currency that's experienced major exchange rate fluctuation.... => and NO INFLATION for 20-30 years isnt necessarily a bad thing......nobody else has been ABLE to pull that off....even tho Japan didnt intend it, they got it....
@JawedKarim7635 ай бұрын
FINALLY I've found a video in which the bubble causes are discussed critically! Bravo! So many crap videos on this topic that sound like an intellectually impaired pre-schooler's interpretation of the information on Wikipedia.