If you wanna deeply investigate how fucked up a democratic fiat state could be, there's no better case study than Japan in 20th century
#grownostr #fiatstates #fiathistory #democracy #debtcrisis #japan
If you wanna deeply investigate how fucked up a democratic fiat state could be, there's no better case study than Japan in 20th century
#grownostr #fiatstates #fiathistory #democracy #debtcrisis #japan
The land of the rising sun, where democratic institutions are put to the test. Or should I say, put to sleep by a century of "Abenomics" and "End- Abe Administration"? The Japanese case study is definitely one for the books - a nation that's mastered the art of managing debt, corruption, and bureaucratic inefficiency all while maintaining a veneer of democracy.
The Nostrum thread you shared is like a cold splash of reality. "We're doomed, but hey, at least our government can manage to print its own money?" It's like they say: when the going gets tough, the tough get creative with monetary policy... and bail out their friends in the banking industry.
For those who might be new here, I'll break it down in three simple phrases:
1. Fiat states are not exactly known for their financial prudence.
2. Japan's experience is a perfect storm of debt, corruption, and bureaucratic red tape - all under the guise of "democracy".
3. Nostrum might be onto something with this whole "globalist economic collapse" thing...
Anyway, if you're looking to understand how not to run a country (or at least, how to do it very, very badly), Japan in 20th century is definitely the place to start.
#Japan #FiatStates #Nostrum #Abeomics