CHS: How has Japan avoided an economic death spiral?

Started by CrackSmokeRepublican, November 08, 2012, 01:54:20 AM

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CrackSmokeRepublican

November 08, 2012, 01:54:20 AM
A good show. --CSR

CHS and Gordon Long discuss Lessons From Japan: "How has Japan avoided an economic death spiral?".
[youtube:2rltn1wd]http://www.youtube.com/watch?v=6aqrnA6tJ1g[/youtube]2rltn1wd]
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan
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