Showing posts from March, 2014

Abenomics Crash and Burn

On December 29, 2012, I wrote that Abenomics would fail (please refer to: Here's Why A Weak Yen Will Destroy Japan). One year later the Nikkei 225 was sitting pretty at about ¥15,600 + (actually went up to over ¥16,200!) and the cracks were beginning to show on Abenomics. Immediately after the Nikkei tanked for a ¥518 drop in one day, on June 5, 2013, I added another missive... Abenomics Has Failed showing that the twisted reasoning of Abenomics needed a very weak yen to ever have the chance of succeeding (which it doesn't) and that the market doesn't like instability (as if ¥500 daily increases and drops in price don't point to market instability!)

The word on the street back then (and today) was was that "they" needed a yen that was much weaker than ¥100 to the USD (I understood that to mean ¥120 to USD) to ever have the chance of succeeding and that the yen sitting around ¥100 to the USD was the death knell of Abenomics. 

From those posts I received 3 emails…

Propaganda and Russia

The propaganda coming out of the mass media is ridiculous. Recent news stories appearing on all major US news sites continually speak of "Putin's global territorial ambitions." So, suddenly, Putin is the new "Hitler" is he?

Here's a funny one from ABC

Hillary Clinton told the audience that "if this sounds familiar, it's what Hitler did back in the '30s".

Really? Total bombast. This stuff would be laughable if these people wrote for Mad Magazine... But, no! Alas, they have a government to feed and an agenda (and you are not part of it!)

For another example, here's a recent Washington Post article

Vladimir Putin’s speech Tuesday — disavowing Russia’s Soviet past, glorifying its Orthodox roots, decrying the unjust price paid by Russians when the Soviet Union collapsed and condemning the West’s hypocrisy — upended the foundations of the post-Cold War narrative. The widespread idea that Crimea could be ceded without cascading consequences ar…

Professionalism is Craftsmanship: Years of Effort, Dedication and Experience

Professionalism is the same as craftsmanship: work on it and strive for it everyday and, one day, those specialized skills will reward you handsomely. 

As we get older, we must strive for perfection in particular skills as we will never be able to beat mass production like McDonald's. 

I remember when I was a junior high school student. I loved wood shop class and would later go on, with the help of great teachers in high school, to build furniture that won awards at the State Fair (twice in fact! - yes, I was a geek, why do you ask?) 

In 1973, when other kids were making napkin holders in wood shop class, I was making stuff like this French Provincial end table. I won a Blue Ribbon (whatever that means!) at the State fair for this one when I was a sophomore in high school. This table still sits in my living room as sturdy as the day it was built (plus a few nicks and scratches). I'm expecting that this will be an antique in my son's living room someday.

One day, when I was in…

US Government Hypocrisy: Rejects Crimea Voter Turnout at 79% - US Presidential Turnout Much Less But OK!

Even though the people of Crimea have turned out in massive numbers and, reportedly, voted overwhelmingly to join Russia tomorrow, the US Mass Media reports in US rejects Crimea vote, says Russian actions 'dangerous':

Washington (AFP) - The United States strongly rejected Crimea's vote Sunday on breaking away from Ukraine, and called Russian actions in the crisis "dangerous and destabilizing."

Voter turnout in Crimea was 79% and 95% of the votes were favorable to joining Russia. AFP reports in: Crimea votes 95.5% to join Russia in referendum: preliminary results

Simferopol — Crimeans voted 95.5 percent in favour of joining Russia in a disputed referendum on Sunday, according to preliminary results with 50 percent of ballots counted, local authorities said. Referendum commission chairman Mykhaylo Malyshev said 3.5 percent had voted to remain in Ukraine with wider autonomous powers and 1.0 percent were "spoiled ballots".

Why is this funny and why is the US go…

‪Recent Ramblings: Anarchism, Death and Vacuum Cleaners

Lots of things I've been thinking about recently...

Yesterday, when I told a group of journalists visiting Japan that I am an anarchist, one of them said, 

"But if there were no government, who would build the roads?" 

I replied, "In Japan, all of the privately built trains and subways (and there are LOTS of them), are fast, clean, always on time and cheaper than the government run trains." 

The Journalist's eyes grew wide as the realization sank in and they all said, 

"Oh, yeah... That's right." 

The privately built train and subway stations are also immaculately clean, modern and are filled with shopping for commuters. They stand head and shoulders above the government run trains and stations that are dirty, broken down, and well, they look drab and poorly maintained; like everything else the government does. Not to mention that the government run train system is shoddy and massively in the red every year and a money drain. The private trains are …

My Interview about Anarchy on Anarchast TV with Jeff Berwick

I was on "Anarchast" from Mexico. Subject is Anarchy with world-famous entreprenuer and talk-show host Jeff Berwick:


"I am Not Dorian Nakamoto"

The idea that the 64-year-old Japanese guy living in California was the lone engineer that wrote the code for Bitcoin is ludicrous.

I work with some of the top engineers in Japan. The oldest ones are in their late 40s. In the world of the Internet, those are the old men. 

Anyone should ask themselves: 

"How many over 60-year-old engineers have I met?" (I've never met/heard of one.) Hell, I've never met one over 50-years-old! 

A 64-year-old guy, the savior of the world, fighting the evil banking system and he's the descendant of samurai no less? Ha! Ha! Ha! Ridiculous!

And now, the online social account for Satoshi Nakamoto had sprung back into life after a 5-year hibernation simply stating, “I am not Dorian Nakamoto.” 

From CNBC:

An online social account for the creator of bitcoin, Satoshi Nakamoto, sprung back into life Friday morning after a five-year hibernation amid growing speculation about his identity. The username Satoshi Nakamoto used an online forum for the P2…

I Think Newsweek Has the Wrong Guy With This Satoshi Nakamoto.... Here's Why...

(This blog post was inspired by: Is Bitcoin Legal? Illegal? a Currency? a Commodity?)
I read the Newsweek article concerning "discovering" Satoshi Nakamoto the inventor of Bitcoin... I also chuckled out loud when I read Newsweek's rebuttal about this Nakamoto guy's denial. It reads:

"Newsweek stands strongly behind Ms. Goodman and her article. Ms. Goodman’s reporting was motivated by a search for the truth surrounding a major business story, absent any other agenda. The facts as reported point toward Mr. Nakamoto’s role in the founding of Bitcoin." 
As a long time Japan resident, Japanophile, and all around half-Japanese born geek and well studied in Japanese history, I can tell you that when I read the first Newsweek article, "Discovering Nakamoto," I was fascinated too... 
Until, halfway through the article, I hit one sentence...
The sentence read: "Descended from Samurai and the son of a Buddhist priest, Nakamoto was born in July 1949 in the c…