So for the second time in 18 years, America rips off Japan to stave off its own financial mismanagement.

Maybe it's about time ordinary voters in democracies all over the world start demanding a voice in banking policy. It seems whenever America gets in a jam, the elites of the capitalist democracies, and also the Arab monarchies, bail it out with cheap loans, a fishy carry trade, or mass purchases of America's latest gimmick derivative. The citizens, who are net savers, don't even realize their central banks are sending their savings away, never to be seen again.

Is this the imperial tribute?

Is this what Bush means by democracy? It has been the custom in democracies to leave foreign affairs and bank policy largely in the hands of expert elites, on the grounds that they were too complicated for the masses to understand. What better way to corrupt a state than to seduce its elites into an American-run global investor class and leave the voters without a say? So now in democracy after democracy, the public finds no matter what party it votes in, it will obey America on everything that matters against the popular will.

I recall that the definition of corporatism I originally learned was a society in which the regular folks were divided between institutions united only at the top - and the top was a brotherhood dedicated to control of everything. This was the internal model for Italian and Spanish fascism. Seems we now do it on a planetary scale.

And now you get what has been going on for decades...

...and why the US spends more on military than everyone else in the world combined yet acts like it is the victim of a hostile and treacherous world out there...

...see, the second world war wasn't a defeat for fascism. It was a set-back in a multi-generational battle for ideological control of the world. The fascists intellectually de-camped to the US, where there was already a lot of sympathy in elite circles, and slowly steadily built itself up to where it is today - attempting a final coup de gras.

As an aside - communism really wasn't the main enemy here, though those who were ideologically supportive of communist ideals were, as communism's authoritarianism was fine... it was and is the open society that is the enemy... the European masses taking "democracy" too literally and genuinely trying to set the rest of the world on track, was a huge threat that took some serious management by the US.

This is why services such as Blackwater are naturally exploding (if you'll excuse the pun)... there is no longer any need for state-run and democratically-interfered-with armies. Get the world's elite soldiers into a private framework where they are well paid as the enforcers of a global elite. In particular get the top soldiers in other countries to disobey their local elites and take orders from the US elites, to ensure the local elites become regional overseers, or else!

This is why the war on the middle class since the 1970s has picked up speed of late... you only need a small middle class to act as a buffer zone of aspirational (or desperate, depending on which end you sit) overseers to the slave class - a class whose freedom is fictitious, whose luxuries are trinkets and shiny things that will slowly be taken away as distraction becomes less important as self-empowerment becomes more and more distant, whose self-determination is a laughable illusion, and whose lifecycle - birth, life, work (most important of all work) and death - is commoditized, devalued and dehumanized.

Which brings us nicely to Peak Oil... Peak Oil... the words that make one look forward to death's sweet embrace [irony not literally]...

You see, one of the biggest problems for fascism was that cheap energy actually made it a lot harder to control vast numbers of people... not in theory... not in the long run... but in practice... it's like ball bearings in one of those childs games (before they had handheld video games)... you move it slowly you can control them... you add huge amounts of energy by shaking and they bounce around and it's very hard to settle them down... so pumped up on free energy the elites were kinda coddled anyway so weren't too fussed, and the middle class ballooned...

...problem is they started to want to control things... so anyway - long-story-short... peak oil represents a wonderful opportunity for these elites. Play the end game.

Use the levers in place - like the banking systems, the US military, all of the corrupt vassals - to seize that control and wait out the fall. If the crash comes soon enough they can hold out, as the masses will be too busy going all Post-Katrina on each other to spot what's happening. 20,000 acres in Paraguay is enough space to chill out and wait out the die-off.

...no i don't believe there is some grand conspiracy controlling this shit - there doesn't need to be - it's just memes drifting this way and that, evolving in a darwinian back-and-forth - enough self-interested parties with the right mindset, at the top, to apply a nudge here and a nudge there in the right direction... would take a lot to shake them loose now... and ultimately they'll fail... because the authoritarian control mindset - the centralism they crave - just won't work in the long run... and the crash will be harder and more chaotic than they expect... but for those of us heading for the lifeboats... just remember, when we come up for air - some of these folks will still be around... and they may put up quite a fight for what's left...

(Yeah - I'm cranky and having a bad day!)
--
When no-one around you understands
start your own revolution
and cut out the middle man

So for the second time in 18 years, America rips off Japan to stave off its own financial mismanagement.

No. Japan started printing yen because of the collapse of combined real estate and stock market bubble of the late 1980s. It keeps printing yen to keep the exports flowing and to monetize the huge government debt it amassed trying to pave its way out of the 1990s recessions.

http://www.safehaven.com/article-7922.htm

Japan is "ripping off" itself in the long-term to keep the economy going in the short-term. Its the same choice politicians make everywhere. America has benefitted only as a byproduct.