Yes, I agree. It will be far worse than financial earthquakes, and it will reverberate much further than finance. Reset buttons are accompanied with major societal upheavals.
By the way, thank you for reading. And letting me know you enjoy them. Sometimes I think no one's reading, but obviously not! :)
And thank you for thinking of me. Though I try to be responsible, unfortunately I don't think it's enough. We are of modest means and I worry we won't have the resources to weather what may be coming.
Well, about reset buttons ; in France, for example, during the transition from monarchy to republic (which was precipitated by an untenable economic situation for the "everyday" people) that involved a terrible societal upheaval. But in Japan, throughout Heian, Asuka and Kamakura, the "everyday" people rather frequently stormed the capitol and destroyed the credit records and this caused no substantive change in their society. So this leads me to wonder if a reset actually necessitates upheaval--then again, the people in previous periods in Japan did storm the capitol to destroy these records rather frequently while the French only destroyed their monarchy once
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Seriously, they say that about an economy for 100 years? Sounds like the memory of WWII and post-WWII has disappeared...
I've tried to keep in touch in your journal, but sometimes weeks go by between when I have time to come onto LiveJournal.
I don't think these records are destroyable. Too spread out geographically, in data co-location services, etc. The plot of Tyler Durden would not necessarily succeed today.
I am glad your belly is full and your bed is warm. :)
Yeah, I'm really not sure how clearly those people were thinking at the time, but it's been picked up in the media and you should know how moods tend to become realities in economies... Besides, Japanese are so damned fickle/conservative that it'll take some pretty serious changes to avert it
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By the way, thank you for reading. And letting me know you enjoy them. Sometimes I think no one's reading, but obviously not! :)
And thank you for thinking of me. Though I try to be responsible, unfortunately I don't think it's enough. We are of modest means and I worry we won't have the resources to weather what may be coming.
I hope things are going okay for you in Japan.
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I've tried to keep in touch in your journal, but sometimes weeks go by between when I have time to come onto LiveJournal.
I don't think these records are destroyable. Too spread out geographically, in data co-location services, etc. The plot of Tyler Durden would not necessarily succeed today.
I am glad your belly is full and your bed is warm. :)
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