we must be learning...

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Following the pandemic, the first war, and the failure to convince of a more just peace; a second world war.

Tough to be nice, even for the most powerful people. 🤐 Just saying...

RONNY CHIENG MOCKS TRUMP'S "ISLAMIC REPUBLIC OF JAPAN" BLUNDER! 😂🇯🇵

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Japan, listen 🫳🏾 'Baby doll', 'Matcha cakes'... 😅 Japan, religion is not for everyone 🫳🏾 you'll we'll be alright. Let's just all calm down. Let's just...

Image above: 3rd order rate of change ratio (roc derivative). Grok: The formula is the third time derivative of position (\(\frac{d^3 x}{dt^3}\)), known in physics as "jerk".

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The most destructive weapon, in war and peace, is not the gun. Not even the bomb. Though they are both sufficiently horrid — the most destructive weapon at all times, is the pen, of presidents and prime ministers and bankers. Followed closely by 🧠: Muppetry. Cyclically systemic.

I.e., Depressions 🤐 EVERYWHERE.

The economy is a hell of a drug. It's not capitalism, it is the capitalist. "It's the people, stupid". Every cycle.

Still, you will hear about the billionaires, trillionaires (fair enough), and the corporations (reasonable); HOWEVER, they are most often subject to said aforementioned pen 🤐 and tend not to drop bombs and economies.

War is NOT a ladder 🫲🏾 Littlefinger was dangerously mistaken, and "The Master of Coin".

1. The Real Channel of Contagion: The Export Collapse

Japan’s exposure was not financial; it was trade-based. The economy was heavily reliant on external demand, specifically from Western consumers buying high-value manufactured goods like cars and electronics. 👀🫣‼️

2. The Yen Safe-Haven Trap

As global financial markets panicked, international investors rushed to pull their capital out of emerging markets and volatile assets. They piled into the Japanese yen, which was viewed as a stable, "safe-haven" currency due to Japan's status as the world's largest creditor nation.

This massive capital inflow triggered a rapid appreciation of the currency 👀🫣‼️

3. Macroeconomic and Social Fallout

As seen in the GDP data above, Japan's economy contracted sharply—real GDP fell by roughly 5.5% in 2009, a steeper decline than that experienced by the United States where the crisis originated.

The Rise of Precarious Labor 👀🫣‼️‼️

4. Political and Policy Repercussions

The severe economic distress broke decades of political inertia. Frustration over the handling of the crisis led to a landslide defeat for the long-ruling Liberal Democratic Party (LDP) in 2009, bringing the Democratic Party of Japan (DPJ) into power.

The crisis also entrenched Japan’s battle with chronic deflation. The Bank of Japan lowered interest rates effectively to zero and initiated early forms of quantitative easing, setting the stage for the ultra-aggressive "Abenomics" monetary frameworks that would follow a few years later.

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Both the quantity and quality were off🤐... Batteries 🫲🏾 🔋🔋s 🫲🏾 & Brains/Bodies 🫲🏾 🧠🏋🏾‍♀️s (i.e., energy and demographics).

Solutions: long required🫲🏾‼️

Tldr: without the aforementioned, no matter how vroom vroom you wanna boom boom, that shit will not work (pun intended). There will be no change, without the solutions: none. Ze-ro 😈 it's a promise. 🫲🏾 Only more depressionary scarcity politics and muppetry. You will not dig yourselves out of a hole with the same mindset and tools — just your futures. See the chart above. Vroom vrrom⁉️🙃😂 ヴルーム (Vurūmu)✋🏾🛑🫲🏾😅 you're already f@ked.

https://japannews.yomiuri.co.jp/society/general-news/20260710-337566/

Zentoshin, a credit card payment service provider👀⁉️⚠️, is suspected of having falsified its financial statements presented to financial institutions and other entities for at least 20 years,👀‼️

it was learned Thursday. 👀‼️⁉️ The amount of the falsification is believed to exceed ¥60 billion.

According to the bankruptcy petition obtained by the Yomiuri Shimbun, the total amount of loans and corporate bonds of the Osaka based firm reached ¥115.1 billion as of May. The document states that it is believed that the company had committed accounting fraud for at least 20 years, according to a representative of Zentoshin.

Regarding the reason, it explains: “In order to maintain and continue borrowing from financial institutions,👀🤐😂🤭...

Zentoshin was necessary to present a favorable financial picture to them, so the company engaged in accounting fraud by preparing and submitting financial statements that differed from its actual financial condition.”

The accounting fraud cited in the petition include four specific types; about ¥17 billion worth of fictitious deposits that inflated the balances in two accounts at major banks; about ¥15.4 billion worth of fictitious receivables; overstatement of goodwill that accounted for about ¥8.8 billion was effectively worthless; and failure to record unpaid advances that is worth of about ¥21.7 billion to such member stores as restaurants.

Although the company’s net assets were recorded as a positive balance of about ¥2.4 billion for the fiscal year ending March 2026, it is reportedly actually in a state of facing insolvency amounting to about ¥60.5 billion. The bankruptcy trustee told the Yomiuri Shimbun, “The excess of liabilities over assets may increase further, and we intend to investigate this.”

The company received a ruling from the Osaka District Court on Monday to enter bankruptcy proceedings.

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Reminder:

Double-entry accounting is a bookkeeping system where every financial transaction is recorded in at least two accounts—as a debit (left side) in one and a credit (right side) in another. This ensures that total debits always equal total credits, keeping the foundational accounting equation balanced (Assets = Liabilities + Equity).