| 23. My Opinion: Latest news and current affairs in Japan and around the world by Peter Yonenaga |
By the time the crisis gets to that point, everyone knows, "This is going to collapse.".
That's why they say, "Let's get out of here now." and when they're still raising funds, they sell stocks, sell securities, throw away assets and run away.
In short, to be honest, after the name comes out, it becomes like a skeleton. They're all chipped off. But you can still survive if you run away.
Those who don't run will surrender together. One day, all of a sudden, they can't be helped any more. In short, there is a line that if it gets so bad, we can't rescue any more.
A company is completely different when it's alive and when it's dead. After the story that it is no longer good spreads and everyone runs away, there is no way to rescue.
The best employees will quit first. And it will be harder and harder to raise money.
Therefore, when the word "It's over there." spreads, it becomes really difficult to rebuild with time. But all they can do is procrastinate, and then it becomes empty.
Therefore, politics will take care of it in the end. When that happens, politics usually gives up. They’re resigning some other time.
Like almost everywhere, they don't do anything. If they do that, they will fail in the next election. The financial crisis usually gets serious from that point.
It was the financial crisis in 1927. Japan had a financial crisis in 1927. At that time, they were Constitutional Democratic Party and Rikken Seiyukai（立憲政友会）.
Because of that political mess, Rikken Seiyukai deliberately refused to help the failed organization. As a result, it became a real crisis.
As I said before, it will be a world of uncertainty. There were a lot of names at that time, too. Since there's a rumor going around about Bank of Taiwan and Suzuki Shoten, people were not be able to rescue them. Then they ended up fighting each other.
Therefore, as was the case 25 years ago, financial bailouts are very difficult when specific names come up.
If there is an extremely serious political crisis, it is impossible for Japan, China, or any other country to maintain the current level of politics.
Even though they tried to raise funds for six months, China made the final blow. As the Fed's Term Repo numbers show, the bailout is on the rise and the situation is going on.
As for the consequences of the sudden recession and supply disruptions, as I mentioned earlier, we will once again restructure our network by focusing on the local economy.
Either analog or digital is fine, so I don’t think there is any other way. Of course, please don't misunderstand. The earth is not over. Humans are not over.
It's a phase where something ends and something is born.
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