https://www.youtube.com/watch?v=p5Ac7ap_MAY
Came across this one while checking the Alt-Market News. (I check both; everyone is selling a view, so you can at least notice what everyone is either talking about or not talking about) Pretty decent, if long, documentary.
But, like most bits of documentaries, there's a few timeline details they missed/over-did. It's why the 2nd half is far better than the first.
Since I study Japan really heavily, a few points they missed:
- Japan shifted the yen in 1971, and had it in free-float by 1973. That was a big part of the GDP boost.
- Japan had been rapidly dropping their Interest rates in the 80s, as part of their entire economic model. (Though I'm not sure a "war-economy" is quite the proper way to describe what the Japanese were normally up to. Major Company-Cartel systems is more accurate.)
- Plaza Accords: There's a reason the Japanese were buying up 8%+ US Treasuries in 1986. Something about having their currency nearly DOUBLE in value in 3 years shoots a huge amount of money into Equities.
- Just because one side won a political struggle, it doesn't mean the losing side wasn't guilty of quite a lot. Japanese bureaucrats aren't people I would ever normally go to bat for.
In general, there's a lot more fundamental bits that drove the Japanese economy to the point where the story picks up. Not the least of which is that it was a debt-fueled asset bubble starting from even the late 70s.
However, the bits in the second half of the documentary about the duplicity of the IMF, the ECB and the (though not stated this way) Central Bankers Club is quite good. Though the "Europe" project has its roots in the post-WW2 desire to obliterate popular control of the governments by the elites within Europe. But that's a little beyond the documentary's scope.
Came across this one while checking the Alt-Market News. (I check both; everyone is selling a view, so you can at least notice what everyone is either talking about or not talking about) Pretty decent, if long, documentary.
But, like most bits of documentaries, there's a few timeline details they missed/over-did. It's why the 2nd half is far better than the first.
Since I study Japan really heavily, a few points they missed:
- Japan shifted the yen in 1971, and had it in free-float by 1973. That was a big part of the GDP boost.
- Japan had been rapidly dropping their Interest rates in the 80s, as part of their entire economic model. (Though I'm not sure a "war-economy" is quite the proper way to describe what the Japanese were normally up to. Major Company-Cartel systems is more accurate.)
- Plaza Accords: There's a reason the Japanese were buying up 8%+ US Treasuries in 1986. Something about having their currency nearly DOUBLE in value in 3 years shoots a huge amount of money into Equities.
- Just because one side won a political struggle, it doesn't mean the losing side wasn't guilty of quite a lot. Japanese bureaucrats aren't people I would ever normally go to bat for.
In general, there's a lot more fundamental bits that drove the Japanese economy to the point where the story picks up. Not the least of which is that it was a debt-fueled asset bubble starting from even the late 70s.
However, the bits in the second half of the documentary about the duplicity of the IMF, the ECB and the (though not stated this way) Central Bankers Club is quite good. Though the "Europe" project has its roots in the post-WW2 desire to obliterate popular control of the governments by the elites within Europe. But that's a little beyond the documentary's scope.