Jesse's Café Américain Sun 2009-09-13 12:32 EDT

Japan: The Triumph of Crony Corporatism Over the Individual

Jesse

The former Japanese Central Banker Toshiro Muto says that '"in principle equity values should be set by the market and authorities should avoid manipulating prices because doing so would hurt the stock market's reputation." Apparently in this case 'in principle' means 'theoretically, as is convenient," because Mr. Muto goes on to recommend that the Japanese Central Bank and government throw principles aside and buy stocks to support the Japanese banking cartel, which has crippled that country for the past fifteen to twenty years.

crony corporatism; individual; Japan; Jesse's Café Américain; triumph.

Sun 2008-07-06 00:00 EDT

Jesse's Café Américain: Lessons from the Panic of 1907

Jesse's Café Américain: Lessons from the Panic of 1907: "almost all panics and crashes are preceded by sustained periods of artificial growth, not based on improvements in productivity, but by a false expansion in the money system, aided and abetted by speculators and financiers." "almost all panics and crashes involves relatively small groups of people who seem to be at the heart of the matter, and are closely interlinked into small cartels of corrupted self-dealing, involving the accumulation of enormous personal fortunes." "always the overextension of credit and excessive leverage" "A free and just society is not a prize to be won or a gift that can be bestowed; it is a recurring commitment, an enduring obligation."

1907; Jesse's Café Américain; Lessons; panic.

Thu 2008-05-29 00:00 EDT

Interfluidity :: If you think it's the "index speculators"...

debunking Michael Master's testimony regarding commodity speculation; tacit cartel on the producer side, accommodating speculative futures prices, while managing spot supply? Steve Randy Waldman

index speculators; Interfluidity; Think.