Film Night at TGP: Central Banking from the Black Lagoon

The Glass Pyramid film lounge is pleased to present (i.e. found it on Youtube) for your viewing enjoyment Professor Richard Werner’s “Princes of the Yen“.    

Grab a Pina Colada and settle back!

If you have ever wondered how Japan managed to develop a massive asset bubble in the 1980s and, perhaps more worthy of wonder, wondered why they are still struggling with its aftermath 20+ years later this documentary contains more than a few answers.

To quote the details provided on Youtube

“Princes of the Yen: Central Banks and the Transformation of the Economy” reveals how Japanese society was transformed to suit the agenda and desire of powerful interest groups, and how citizens were kept entirely in the dark about this.

Based on a book by Professor Richard Werner, a visiting researcher at the Bank of Japan during the 90s crash, during which the stock market dropped by 80% and house prices by up to 84%. The film uncovers the real cause of this extraordinary period in recent Japanese history.

Making extensive use of archival footage and TV appearances of Richard Werner from the time, the viewer is guided to a new understanding of what makes the world tick. And discovers that what happened in Japan almost 25 years ago is again repeating itself in Europe. To understand how, why and by whom, watch this film.

“Princes of the Yen” is an unprecedented challenge to today’s dominant ideological belief system, and the control levers that underpin it. Piece by piece, reality is deconstructed to reveal the world as it is, not as those in power would like us to believe that it is.

“Because only power that is hidden is power that endures.”

A film by Michael Oswald

You can follow Richard Werner (Author of the Book) on Twitter at @ProfessorWerner

5 thoughts on “Film Night at TGP: Central Banking from the Black Lagoon

    • Yes – I think it should be on at least one screen in every beer barn on infinite loop – the Echuca dog races won’t be missed (at least not for a few days)

      I couldn’t remember if it was you or @DerorCurrency who sent me the link originally but H/T to both!!

      Like

    • Not as bad as it should have. The Japanese put up with a lot of bad public policy.

      The test is going to be how the rest of the world gets by trying to do the same thing.

      Fortunately, it will not be a problem for Australia as we still have quite a few hard assets to sell off (h/t Mr Robb) and as far as we know our foreign lenders still think we are a good risk.

      Like

    • “They were deliberately engineering the society they wanted.”

      All societies since time immortal have been the result of what ever foundation myth is dominate mig, yet libertarians and posse hate democracy, but think markets are self organizing with out agency seeking equilibrium.

      Another name for religious beliefs is bad philosophy imo…

      Like

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