A new documentary film called “Princes of the Yen: Japan’s Central Bankers and the Transformation of the Economy”, explores the recreation of the Japanese economy following World War 2. The film is directed by Michael Oswald and was based on a book by Professor Richard Werner. The film starts off by discussing how western imperialism influenced the country after the war, and points out that the country’s banking and political systems were totally redesigned by powers affiliated with the United Nations. According to the film, the attitude towards the Japanese was one of racism and false ethnic superiority. In the new Japan, it was actually illegal to discuss the brutal atomic bombings, and ancient cultural traditions were also strictly forbidden. For years, western influence was seen as an occupation, and there were regular protests and riots against the puppet regimes. Eventually, resistance movements were suppressed or infiltrated and the puppet government in Japan was able to set up a heavily controlled economic system that was sold as a free market. This film explores what happened over the 50+ years of central baking in Japan and explains how governments can create bubbles and recessions by controlling the flow of currency. https://youtube/watch?v=p5Ac7ap_MAY
Posted on: Sun, 21 Dec 2014 05:04:36 +0000
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