A world in economic crisis

Japanese economy suffers slow down

Posted in Japan by Aussie on December 21, 2011

This year Japan suffered the devastating effects of the earthquake an tsunami. The economic impact of those natural disasters was worth billions of dollars to the Japanese economy. Now it seems that Japan is facing a new crisis in regards to exports to other nations. The BBC News reports that Japan’s exports have been hit by a slowdown of demand. You can probably pin this slow down on the current conditions in Europe.

I think it might be fair to blame this situation on the push to go Green in Europe. Watermelons have no regard for economic prosperity. It seems that in some European countries there has been an increased push towards technologies that are in fact an utter failure. As a result of this push, Japan is one of many countries beginning to suffer the consequences of Watermelon foolishness.


2 Responses

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  1. tallbloke said, on December 26, 2011 at 8:09 pm

    A nice demonstration of what happens when market karma meets greentech dogma: The price of carbon crashes and the European taxpayers are left footing a 287Bn Euro bill.

    Thanks for the post maggie, check your inbox.

    Merry Christmas


  2. Aussie said, on December 26, 2011 at 8:55 pm

    Roger, this is exactly correct. The crisis in the 1970s which led to prolonged stagflation in Australia and the USA in particular had a lot of similarities to the crisis that we have today, except for one thing: greentech dogma. This is the new condition that is being ignored. I am also guilty up until now of not studying the influence of this greentech dogma.

    Next year, after we have purchased a new house and moved from Canberra, I hope to put more time into studying what is taking place. The current Australian government has ignored the wishes of the Australian people and forced us to move along a road that is pure foolishness. They have introduced a tax on the air that we breathe when Australia can in no way influence carbon dioxide levels in the atmosphere.

    However, that is not my total focus, but it is an additional focus, because I see the increase in government spending as being the major cause of the crises in each of those countries. I was thinking that it could be explained by an increase in welfare spending, but I am not sure that is the reason. There has to be another factor, and the answer seems to be: greentech dogma. It is the factor that is different from the 1970s but it has the same impact as the oil price shock of that era.

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