{"id":1068,"date":"2014-11-03T20:14:25","date_gmt":"2014-11-04T01:14:25","guid":{"rendered":"http:\/\/olduvai.ca\/?p=1068"},"modified":"2014-11-03T20:14:25","modified_gmt":"2014-11-04T01:14:25","slug":"oftwominds-charles-hugh-smith-japans-monetary-pearl-harbor","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=1068","title":{"rendered":"oftwominds-Charles Hugh Smith: Japan&#8217;s Monetary Pearl Harbor"},"content":{"rendered":"<p><a href=\"http:\/\/charleshughsmith.blogspot.ca\/2014\/11\/japans-monetary-pearl-harbor.html\">oftwominds-Charles Hugh Smith: Japan&#8217;s Monetary Pearl Harbor<\/a>.<\/p>\n<p style=\"display: inline; height: 0px; overflow-x: visible; overflow-y: visible; padding: 1px 0px 1px 0px; margin: 0px;\"><span style=\"font-family: Verdana, sans-serif; padding: 0px; margin: 0px;\"><i style=\"background-color: white; padding: 0px; margin: 0px;\">Trying to &#8220;fix&#8221; a sclerotic, inefficient state-cartel economy by boosting inflation&#8211;the ultimate goal of Japan&#8217;s Monetary Pearl Harbor&#8211; is a self-liquidating path to destruction.<\/i><\/span><\/p>\n<div style=\"background-color: white; padding: 0px; margin: 0px;\"><span style=\"font-family: Verdana, sans-serif; padding: 0px; margin: 0px;\"><b style=\"padding: 0px; margin: 0px;\"><br style=\"padding: 0px; margin: 0px;\" \/><\/b><\/span><span style=\"font-family: Verdana, sans-serif; padding: 0px; margin: 0px;\"><b style=\"padding: 0px; margin: 0px;\">The Bank of Japan&#8217;s surprise expansion of financial stimulus strikes me as the monetary equivalent of Pearl Harbor<\/b>\u00a0&#8211;not in the sense of launching a pre-emptive war (though the move does raise the odds of a global currency war), but in the sense of a leadership pursuing a Grand Strategy to the point of self-destruction because they have no alternative within their intellectual and political framework.<\/span><br style=\"padding: 0px; margin: 0px;\" \/><span style=\"font-family: Verdana, sans-serif; padding: 0px; margin: 0px;\"><br style=\"padding: 0px; margin: 0px;\" \/><\/span><\/div>\n<div style=\"background-color: white; padding: 0px; margin: 0px;\"><span style=\"font-family: Verdana, sans-serif; padding: 0px; margin: 0px;\">In the years before Japan&#8217;s December 7, 1941 attack on Pearl Harbor, the Imperial government&#8217;s Grand Strategy was simple: bring the entire Asian-Pacific region under the control of the Japanese Empire.<\/span><\/div>\n<div style=\"background-color: white; padding: 0px; margin: 0px;\">&#8230;click on the above link to read the rest of the article&#8230;<\/div>\n","protected":false},"excerpt":{"rendered":"<p>oftwominds-Charles Hugh Smith: Japan&#8217;s Monetary Pearl Harbor. Trying to &#8220;fix&#8221; a sclerotic, inefficient state-cartel economy by boosting inflation&#8211;the ultimate goal of Japan&#8217;s Monetary Pearl Harbor&#8211; is a self-liquidating path to destruction. The Bank of Japan&#8217;s surprise expansion of financial stimulus strikes me as the monetary equivalent of Pearl Harbor\u00a0&#8211;not in the sense of launching a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[124,188,452,661],"class_list":["post-1068","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-currency-war","tag-japan","tag-qe"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1068"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1068\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}