Behind the Bastards cover image

It Could Happen Here Weekly 85

Behind the Bastards

00:00

The Reverse Plaza and the Japanese Economy

In 1982 the entire Japanese economy implodes sort of again because they literally built the 2008 machine. And so we do our solution to this is we build an entire economy also on the Japanese model of of currency specula and housing price speculation. But you know okay what does it have to do with Asian market collapse? The problem is that all of the countries in East Asia and like South East Asia also do this. They also do the thing where they're like oh we're gonna we're gonna bait we're okay so our manufacturing economies are declining right so we're gonna base our entire economy on housing prices going up. This is just sort of the inexorable logic of the entire economic system we

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app