Thursday, May 15, 2003



The Japanese government is thinking about grabbing Japan's still massive postal savings and going to Vegas with it before any savers find out and withdraw their money, the decades-earned nest-egg of an assiduously saving, hard-working people. Without actually coming right out and saying so, the government wants to use it to rescue a stock market now suffering mightily from the effects of bad government. The same single-party-dominated government that has been talking about wanting to think about discussing the possibility of actually perhaps effecting responsible government for the past 40 years, instead of just putting up tariff barriers, enacting sales taxes and building bridges and dams and highways to nowhere, but in true gerontocratic fashion they just haven't gotten around to really governing yet, just preserving their fiefdoms. Maybe they'll increase the sales tax and build a highway away from, a bridge over or a dam to hold back the problem. I don't know about you, but I have ZERO yen in the Japanese post office.

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