Creditor Life-forms

Dennis R Redmond dredmond at
Thu Apr 20 14:55:31 PDT 2000

On Thu, 20 Apr 2000, Brad De Long wrote:

> do. But I, at least, have no confidence in either the Bank of Japan
> or the MOF.

The bureaucrats pretend to reign, and the keiretsu pretend not to rule, is usually the case with Japan. On the other hand, it's true that the postal savings system in Japan has 1 trillion EUR in rocksolid liquidity, so maybe there's a little rule in that reign. Also, the keiretsu groups seem to be undergoing a kind of semiosis right now, merging and exchanging financial-industrial DNA, like vast life-forms or something. You know, like when Godzilla gets thrashed by space aliens, crawls off and then recharges somewhere, returning to unleash the chomp 'n stomp romp in glorious Technicolor.

-- Dennis

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