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The key pattern that is always the final warning sign of the collapse of a society becomes most self-evident within two primary factors:
1) The Rule of Law
2) The rise in taxation
Each is fueled by government waste and inherent corruption. Japan has been the bastion of inherent political corruption and will be the next to collapse into dust as it approaches a 26 year low. The dissimulation of the Rule of Law by the judicial courts could ill disguise the rancor of their hearts of the bureaucrats to rig the game and perpetuate their worthless and destructive possession of power to maintain their control over society. The daring hopes of political ambition have been set free from the salutary restraints of law and prejudice; and the most vile and corrupt of mankind might, without folly, now entertain a hope of being raised by corruption to a rank in the bureaucracy. The motives of such corrupt individuals within the bureaucracy are often simply to get even with those in the private sector for having what they see as the greater fortune rather than the greater skills. As they say those who cannot do teach and those that can – just do. Perhaps that old saying needs to be revised by stating – those who cannot make it in the real world, hide in the bowel of government resentful of the fortunes of others regardless of merit. In this case, those who lack the wisdom and skill set to be successful in the private sector are drawn to the public sector by its corruption, power, and the ability to strike deep and fatal wounds at those in the private sector whose success they truly despise.
Our governments today have trampled on every principle of law and justice. The bureaucrats have basked in the hatred and jealousy of Karl Marx targeted and justified in their own minds against those in the private sector who have more than them under the pretense that this is not "fair". They are supported by the avowed power of the sword in the form of legal persecutions and intimidation. No man of distinguished skill, elegant accomplishments, or knowledge of civil business, will ever be suffered near heart of government power; and the court of these political entities has revived the idea of coveting thy neighbor's goods – one of the very 10 Commandments that it is widely believed God himself forbid for obvious reasons.
Today, the socialism they adopted as the justification of their usurpation of power is collapsing and crumbling into dust all around us. The excuse is always the "rich" have not paid their “fair” share as if they should be willing to turn-over all their assets to support public servants that contribute nothing to the wealth of a nation. They pretend that government would have been content and would live within its means had the greedy rich only paid their fair share while constantly lowering the threshold of the rich to increase their coffers. The government view of "fair" is not only a disproportionate share of one’s income and assets, buy their right to act like a landlord whose rent can be arbitrarily raised at any moment because of his reckless spending. He suffers no responsibility himself and expecting you to bail him out perpetually. Government thus leaves us with a deep impression of terror and detestation, unable to plan the future, and forever standing watch over our shoulder for their sumptuary and arbitrary laws and actions.
Even in Japan, the end is rapidly approaching. The LDP political body that dominated the nation's postwar period that was stripped of powers in the 1990s amid corruption scandals and an a pervasive economic slump that will not end before 26 years from 1990, is regaining control thanks to a ruling party that promised to rein it corruption and has utterly failed. That failure reveals that while the political head may change, the bureaucratic body, steeped in corruption, will never change regardless of who sits at the head. This is a bureaucratic body that truly is the tail that now wags the dog.
The Japanese Democratic Party of Japan took office in 2009 pledging not to raise taxes and to curtail bureaucracy and devolve power to citizens. As with every political promise, it is just always bullshit. Last month, Prime Minister Yoshihiko Noda disregarded opinion polls and allowed the breakup of his own party to push through the ministry's decade-old plan to double the sales tax. For you see, behind closed curtains, it is always the rank & file of the bureaucracy that truly dictates the course of government.
The Ministry of Finance (MOF) in Japan has regained its former lost power. Here we have an agency that was corrupt, was in bed with the banks, and dictated to corporations that created the collapse of Japan, and now its rising to power is predicated upon the nonsense that "see things keep getting worse because they are not in control." When I was called in by two clients in Japan in 1989 BEFORE the bubble top, in both cases they had decided to follow our model. Nippon Life and the Japanese Postal Saving Fund wanted to hedge the market. We were looking at what would have been the biggest hedging position in the history of the world – over $3 trillion that was at the time more than 50% of the US National Debt. That project was stopped by MOF under some bureaucratic idea that gee, if we hedge those portfolios, we would create the decline in the Japanese markets. So, they were ORDERED by MOF not to hedge! The loss within the first 6 months was about 40% of those portfolios. We would have saved Japan from a 26 year depression. Yes the market STILL would have declined, but managed in a rational way, the end game would have concluded within the normal 3 year period when free markets are allowed to prevail – i.e. 1929-1932.
Please go to Armstrong Economics to learn more.
1) The Rule of Law
2) The rise in taxation
Each is fueled by government waste and inherent corruption. Japan has been the bastion of inherent political corruption and will be the next to collapse into dust as it approaches a 26 year low. The dissimulation of the Rule of Law by the judicial courts could ill disguise the rancor of their hearts of the bureaucrats to rig the game and perpetuate their worthless and destructive possession of power to maintain their control over society. The daring hopes of political ambition have been set free from the salutary restraints of law and prejudice; and the most vile and corrupt of mankind might, without folly, now entertain a hope of being raised by corruption to a rank in the bureaucracy. The motives of such corrupt individuals within the bureaucracy are often simply to get even with those in the private sector for having what they see as the greater fortune rather than the greater skills. As they say those who cannot do teach and those that can – just do. Perhaps that old saying needs to be revised by stating – those who cannot make it in the real world, hide in the bowel of government resentful of the fortunes of others regardless of merit. In this case, those who lack the wisdom and skill set to be successful in the private sector are drawn to the public sector by its corruption, power, and the ability to strike deep and fatal wounds at those in the private sector whose success they truly despise.
Our governments today have trampled on every principle of law and justice. The bureaucrats have basked in the hatred and jealousy of Karl Marx targeted and justified in their own minds against those in the private sector who have more than them under the pretense that this is not "fair". They are supported by the avowed power of the sword in the form of legal persecutions and intimidation. No man of distinguished skill, elegant accomplishments, or knowledge of civil business, will ever be suffered near heart of government power; and the court of these political entities has revived the idea of coveting thy neighbor's goods – one of the very 10 Commandments that it is widely believed God himself forbid for obvious reasons.
Today, the socialism they adopted as the justification of their usurpation of power is collapsing and crumbling into dust all around us. The excuse is always the "rich" have not paid their “fair” share as if they should be willing to turn-over all their assets to support public servants that contribute nothing to the wealth of a nation. They pretend that government would have been content and would live within its means had the greedy rich only paid their fair share while constantly lowering the threshold of the rich to increase their coffers. The government view of "fair" is not only a disproportionate share of one’s income and assets, buy their right to act like a landlord whose rent can be arbitrarily raised at any moment because of his reckless spending. He suffers no responsibility himself and expecting you to bail him out perpetually. Government thus leaves us with a deep impression of terror and detestation, unable to plan the future, and forever standing watch over our shoulder for their sumptuary and arbitrary laws and actions.
Even in Japan, the end is rapidly approaching. The LDP political body that dominated the nation's postwar period that was stripped of powers in the 1990s amid corruption scandals and an a pervasive economic slump that will not end before 26 years from 1990, is regaining control thanks to a ruling party that promised to rein it corruption and has utterly failed. That failure reveals that while the political head may change, the bureaucratic body, steeped in corruption, will never change regardless of who sits at the head. This is a bureaucratic body that truly is the tail that now wags the dog.
The Japanese Democratic Party of Japan took office in 2009 pledging not to raise taxes and to curtail bureaucracy and devolve power to citizens. As with every political promise, it is just always bullshit. Last month, Prime Minister Yoshihiko Noda disregarded opinion polls and allowed the breakup of his own party to push through the ministry's decade-old plan to double the sales tax. For you see, behind closed curtains, it is always the rank & file of the bureaucracy that truly dictates the course of government.
The Ministry of Finance (MOF) in Japan has regained its former lost power. Here we have an agency that was corrupt, was in bed with the banks, and dictated to corporations that created the collapse of Japan, and now its rising to power is predicated upon the nonsense that "see things keep getting worse because they are not in control." When I was called in by two clients in Japan in 1989 BEFORE the bubble top, in both cases they had decided to follow our model. Nippon Life and the Japanese Postal Saving Fund wanted to hedge the market. We were looking at what would have been the biggest hedging position in the history of the world – over $3 trillion that was at the time more than 50% of the US National Debt. That project was stopped by MOF under some bureaucratic idea that gee, if we hedge those portfolios, we would create the decline in the Japanese markets. So, they were ORDERED by MOF not to hedge! The loss within the first 6 months was about 40% of those portfolios. We would have saved Japan from a 26 year depression. Yes the market STILL would have declined, but managed in a rational way, the end game would have concluded within the normal 3 year period when free markets are allowed to prevail – i.e. 1929-1932.
Please go to Armstrong Economics to learn more.
________
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