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Japan Restarts Two of Its 50 Nuclear Reactors
Darth_brooks writes "Japanese Prime Minister Yoshihiko Noda ordered the restart of two idle nuclear reactors Saturday, amid split public response. The Japanese government is trying to fill a summer power shortfall. According to the article, the two reactors supply power to the Kansai region near Osaka, where local officials were predicting a 15% shortfall in power capacity during July and August."
Because electronics aren't going to work the same way with even a 5 Hz change in frequency.
I can repeat stuff for the third time, if you want to continue reading what I write, that's your choice to read it, nobody is making you, yes?
Based on all of the Japanese productivity the value of their currency is going up and that is a good thing for the Japanese, their problem is that their central bank is trying hard to fight this 'deflationary spiral', which it absolutely must not do, because Japan needs a normal recession to run its course and weed out all of the malinvestments that have accumulated in the economy.
Based on this, the Japanese people should see falling prices, which should help them in a 'deflationary spiral' to get through the rough patch of weather, they would absolutely benefit from falling prices.
Of-course their government has too many people in it that are also running their largest businesses, who are all concerned about exporting their productive output because it's easier for them to understand exports based on high nominal value of their money and low real value of it, rather than to accept that maybe they shouldn't be destroying the value of the currency and instead they simply should lower their prices if they want to export to other countries.
What they really should do is sell domestically, and with a strong yen, the Japanese would be able to buy more of their own goods, the goods would be cheaper.
What the deflation is telling the Japanese is that they have worked exceedingly hard, they have saved plenty and they can enjoy some of that and splurge, but instead their government is stealing their savings by inflating them away, trying to keep nominal prices for goods (and the stock market of-course) up, which is ludicrous Keynesian bullshit.
The Keynesian bullshit ideas on aggregate demand and spending, running deficits by government in order to fight off deflation, which is a huge help to the economy that must go through the recession to cut away excesses, all of this is destroying the Japanese Yen.
Japanese people are just like the people in US are being taught nonsense and not economics, same nonsense that we've been taught in the former USSR, same nonsense that most 'schools' are teaching to the poor children who really do not have a clue and hope that their teachers have one, but their teachers are just like them - little children, being led around by the politicians.
But of-course their teachers are all for this, since they are too on the government payroll and so they are part of this nonsense system.
As I often mentioned, one good thing will come from this incoming economic crash - socialism will be destroyed.
What will replace it, will it be totalitarian tyranny of some sort, a dictatorship or will people finally stop hoping to get something for nothing and start listening to the people who actually know what they are talking about in business and economics and finance and politics? Given the propaganda machine that is built in the 'education' system I am not very hopeful that the current form of socialism will be replaced by free market capitalism in the West, AFAIC the West is up for a terrible dark period in its history, but the Japanese probably will fair better, as they do have plenty of production capacity and their social structure is so different that predicting their psychology is very hard for an outsider.
Probably the Japanese will survive better, the way an ant colony survives through a tough winter, but it's not going to be wonderful if they continue on this path to destroying their own savings and money.
You can't handle the truth.