Bloomberg "Poker Night On Wall Street" – Live Webcast

While commission-takers the world over attempt to dispel the fact that throwing your hard-earned money into the US equity market is absolutely not gambling, Bloomberg has decided that the time is right to relaunch “Poker Night On Wall Street.” Hosted by Trish Regan, David Einhorn, Jim Chanos, and Mario Gabelli are among the top-ranked investors and hedge fund managers facing-off in a winner-takes all charity poker tournament at the Borgata in Atlantic City. By way of guidance, we include what investors and gamblers have in common

 

Trish Regan introduces the tournament…

 

And what do investors and gamblers have in common…

 

An example with David Einhorn dominating from the big blind…

The Live Tournament…

 

 

Source: Bloomberg


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/nJspnsN1XBg/story01.htm Tyler Durden

Bloomberg “Poker Night On Wall Street” – Live Webcast

While commission-takers the world over attempt to dispel the fact that throwing your hard-earned money into the US equity market is absolutely not gambling, Bloomberg has decided that the time is right to relaunch “Poker Night On Wall Street.” Hosted by Trish Regan, David Einhorn, Jim Chanos, and Mario Gabelli are among the top-ranked investors and hedge fund managers facing-off in a winner-takes all charity poker tournament at the Borgata in Atlantic City. By way of guidance, we include what investors and gamblers have in common

 

Trish Regan introduces the tournament…

 

And what do investors and gamblers have in common…

 

An example with David Einhorn dominating from the big blind…

The Live Tournament…

 

 

Source: Bloomberg


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/nJspnsN1XBg/story01.htm Tyler Durden

Mapping The Real-Time Global Cyberwar

On Monday, Google rolled out three new initiatives to ensure the openness of the Internet and access to the service — even in the face of government crackdowns on the web. As Foreign Policy notes, one of those tools is a proxy plug-in — creatively titled uProxy — that uses a peer-to-peer system to create secure Internet connections. Another tool, Project Shield, promises to protect human rights organizations and NGOs from so-called DDoS attacks, which take down a website by directing a flood of traffic toward it and overwhelming it or rendering it unusable. The last project rolled out this week is something called the Digital Attack Map, which is embedded below. It’s a fascinating, interactive map that monitors DDoS attacks around the world — an effort Google hopes will raise awareness about the problem.

 

 

The map, which draws on data collected by the network security firm Arbor Networks, provides a nifty visualization of an issue that’s been in the headlines constantly over the last year or so.

The result is the first real visualization of what cyberwar looks like in real time. So what can we learn from the effort? Here are some incidents that jump out in playing around with the map.

 

Source: Google and Foreign Policy


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/Kq54Z2MISF0/story01.htm Tyler Durden

Let’s Downgrade S&P, Moody’s and Fitch For Once

Click here to follow ZeroHedge in Real-time on FinancialJuice

Apparently if we say ‘I have a dream’ it ends up coming true. That’s exactly what we all need to be chanting in unison these days; but this time it’s not about civil-rights recognition but something that is perhaps just as equally important. The rest of the world has had enough of the monopoly of the credit-rating agencies that are largely biased towards the US economy and it’s about time that it all came to an end. Credit-rating agencies believe that they are the be-all and end-all of countries and with one finger can delete a simple letter, dropping the countries’ worth in the eyes of the rest of the economies.

Rating Agencies

Standard & Poor’sMoody’s Investors Service and Fitch Ratings might be forced today after the financial crisis  to submit their methodologies for assigning ratings, but they all fail to adequately follow their own guidelines. They are criticized for poor documentation and inaccuracies in their analyses.


Rating Agencies

Analysts vote in secret meetings still to decide if a country or a company gets upgraded or downgraded in the international stakes and the Securities and Exchange Commission in the US has already stated that sometimes those ratings are based upon no rationale that is obvious, with no link between the original rating and the new published rating.

One can only believe that the three rating agencies have taken the law into their own hands and have been given or have taken the right as a God-given entitlement to declare an entity as worthy of a good credit-rating or condemned to suffer under the new downgrade.

After the financial crisis and the role played by those rating agencies, it was questioned as to what degree they used rational objective criteria to rate entities and they came under scrutiny. But, what has happened since then? Nothing except that the SEC has simply recognized that there is no rationale behind the secretive private club in which companies and countries are black-balled out of the economies of the world with a new downgrade as the agencies deem that fit. The SEC has done nothing but recognize the problem. Why are the problems still there and why are they so widespread?

The rating agencies are either overly critical of the governments in the world in the belief (that has proven to be completely true) that those very same governments will be dissuaded from regulating them; or they are influenced by their conflict of interest in so far as entities pay for their own ratings. We all know that in the run up to the financial crisis many mortgage-backed securities received triple-A investment grades despite the fact that it was common knowledge that they were highly risky. The entities go shopping for ratings and on the ‘issuer-pays’ set-up there is a faulty systemic process that is revealed. The rating agencies end up selling off the ratings to the highest bidder and there is nothing that has changed since those pre-financial-crisis days when the economies went down the drains and dragged the world along at the same time.

Creditor-Fuelled Rating

But, today there is a growing demand that the rating agencies switch from the ‘issuer-pays’ system to one that is fuelled by the creditors. It would be the creditors’ stance and not the viewpoint of the debtors that would be taken into account. Or, at least, that’s the way it should be according to Guan JianzhongChairman of Dagong Global Credit Rating (the Chinese credit rating agency that ended up downgrading the US from A to A-). He stated: “The gap between debt levels and fiscal revenue gets bigger and bigger. The world sees this. But credit agencies of the debtor country choose to ignore it or don’t make assessments based on these facts”. It might just be possible to hear that criticism and give Dagong more credit if they weren’t pitching for the home team every time by giving triple-A ratings for Chinese entities.

Alternatives?

There’s more to it than just getting the US credit-rating agencies out into an open field where play would be more transparent. It’s all about gaining the competitive edge for the Chinese just as much as for the others that want to knock the three US rating agencies off the podium.

Neither one nor the other solution would be able to provide a viable alternative to credit rating.

There are alternatives that exist, however. Either the investor can do his own homework instead of reading something from a third party that is not independent; or there could be third parties that are entirely independent (if that can actually exist). Otherwise, market-based analyses are much more accurate (than rating agencies) at predicting collapse or improvement of an entity and readily available through fairly simple calculations.

How many times have we heard that we mustn’t repeat the mistakes of the past? How many times have we heard that the financial crisis cost $3.4 trillion in retirement savings and unknown trillions in world economic activity since then? The rating agencies were considered to be “essential cogs in the wheel of financial destruction and key enablers of the financial meltdown” according to the Financial Crisis Inquiry Committee. But, that wasn’t enough. Recognition is never enough. There needs to be action, otherwise it’s just verbose language that has no reason and certainly nothing of any interest except in some local bar as if two guys were putting the world to rights.

Let’s do away with the rating agencies and we certainly don’t need them to be taken up by some other entity, wherever that may be, that will be just as bad. Revolutions get rid of the old order so that new orders can be rushed in with new leaders that just take the place of the old. That’s not revolution at all in the end.

Should we get rid of the rating agencies? Rate them yourself!

Originally posted: Let’s Downgrade S&P, Moody’s and Fitch For Once

You might also enjoy: US Still Living on Borrowed Time | (In)Direct Slavery: We’re All Guilty | The Nobel Prize: Do We Have to Agree? | Revolution Costs | Petrol Increase because Traders Can’t Read | Darfur: The Land of Gold(s) | Obamacare: I’ve Started So I’ll Finish | USA: Uncle Sam is Dead | Where Washington Should Go for Money: Havens | Sugar Rush is on | Human Capital: Switzerland or Yemen? | Crisis is Literal Kiss of Death | Qatar’s Slave Trade Death Toll | Lew’s Illusions | Wal-Mart: Unpatriotic or Lying Through Their Teeth? Food: Walking the Breadline | Obama NOT Worst President in reply to Obama: Worst President in US History? | Obama’s Corporate Grand Bargain Death of the Dollar | Joseph Stiglitz was Right: Suicide | China Injects Cash in Bid to Improve Liquidity

Technical Analysis: Bear Expanding Triangle | Bull Expanding Triangle | Bull Falling Wedge Bear Rising Wedge High & Tight Flag

 


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/eSFHL69PauU/story01.htm Pivotfarm

Let’s Downgrade S&P, Moody’s and Fitch For Once

Click here to follow ZeroHedge in Real-time on FinancialJuice

Apparently if we say ‘I have a dream’ it ends up coming true. That’s exactly what we all need to be chanting in unison these days; but this time it’s not about civil-rights recognition but something that is perhaps just as equally important. The rest of the world has had enough of the monopoly of the credit-rating agencies that are largely biased towards the US economy and it’s about time that it all came to an end. Credit-rating agencies believe that they are the be-all and end-all of countries and with one finger can delete a simple letter, dropping the countries’ worth in the eyes of the rest of the economies.

Rating Agencies

Standard & Poor’sMoody’s Investors Service and Fitch Ratings might be forced today after the financial crisis  to submit their methodologies for assigning ratings, but they all fail to adequately follow their own guidelines. They are criticized for poor documentation and inaccuracies in their analyses.


Rating Agencies

Analysts vote in secret meetings still to decide if a country or a company gets upgraded or downgraded in the international stakes and the Securities and Exchange Commission in the US has already stated that sometimes those ratings are based upon no rationale that is obvious, with no link between the original rating and the new published rating.

One can only believe that the three rating agencies have taken the law into their own hands and have been given or have taken the right as a God-given entitlement to declare an entity as worthy of a good credit-rating or condemned to suffer under the new downgrade.

After the financial crisis and the role played by those rating agencies, it was questioned as to what degree they used rational objective criteria to rate entities and they came under scrutiny. But, what has happened since then? Nothing except that the SEC has simply recognized that there is no rationale behind the secretive private club in which companies and countries are black-balled out of the economies of the world with a new downgrade as the agencies deem that fit. The SEC has done nothing but recognize the problem. Why are the problems still there and why are they so widespread?

The rating agencies are either overly critical of the governments in the world in the belief (that has proven to be completely true) that those very same governments will be dissuaded from regulating them; or they are influenced by their conflict of interest in so far as entities pay for their own ratings. We all know that in the run up to the financial crisis many mortgage-backed securities received triple-A investment grades despite the fact that it was common knowledge that they were highly risky. The entities go shopping for ratings and on the ‘issuer-pays’ set-up there is a faulty systemic process that is revealed. The rating agencies end up selling off the ratings to the highest bidder and there is nothing that has changed since those pre-financial-crisis days when the economies went down the drains and dragged the world along at the same time.

Creditor-Fuelled Rating

But, today there is a growing demand that the rating agencies switch from the ‘issuer-pays’ system to one that is fuelled by the creditors. It would be the creditors’ stance and not the viewpoint of the debtors that would be taken into account. Or, at least, that’s the way it should be according to Guan JianzhongChairman of Dagong Global Credit Rating (the Chinese credit rating agency that ended up downgrading the US from A to A-). He stated: “The gap between debt levels and fiscal revenue gets bigger and bigger. The world sees this. But credit agencies of the debtor country choose to ignore it or don’t make assessments based on these facts”. It might just be possible to hear that criticism and give Dagong more credit if they weren’t pitching for the home team every time by giving triple-A ratings for Chinese entities.

Alternatives?

There’s more to it than just getting the US credit-rating agencies out into an open field where play would be more transparent. It’s all about gaining the competitive edge for the Chinese just as much as for the others that want to knock the three US rating agencies off the podium.

Neither one nor the other solution would be able to provide a viable alternative to credit rating.

There are alternatives that exist, however. Either the investor can do his own homework instead of reading something from a third party that is not independent; or there could be third parties that are entirely independent (if that can actually exist). Otherwise, market-based analyses are much more accurate (than rating agencies) at predicting collapse or improvement of an entity and readily available through fairly simple calculations.

How many times have we heard that we mustn’t repeat the mistakes of the past? How many times have we heard that the financial crisis cost $3.4 trillion in retirement savings and unknown trillions in world economic activity since then? The rating agencies were considered to be “essential cogs in the wheel of financial destruction and key enablers of the financial meltdown” according to the Financial Crisis Inquiry Committee. But, that wasn’t enough. Recognition is never enough. There needs to be action, otherwise it’s just verbose language that has no reason and certainly nothing of any interest except in some local bar as if two guys were putting the world to rights.

Let’s do away with the rating agencies and we certainly don’t need them to be taken up by some other entity, wherever that may be, that will be just as bad. Revolutions get rid of the old order so that new orders can be rushed in with new leaders that just take the place of the old. That’s not revolution at all in the end.

Should we get rid of the rating agencies? Rate them yourself!

Originally posted: Let’s Downgrade S&P, Moody’s and Fitch For Once

You might also enjoy: US Still Living on Borrowed Time | (In)Direct Slavery: We’re All Guilty | The Nobel Prize: Do We Have to Agree? | Revolution Costs | Petrol Increase because Traders Can’t Read | Darfur: The Land of Gold(s) | Obamacare: I’ve Started So I’ll Finish | USA: Uncle Sam is Dead | Where Washington Should Go for Money: Havens | Sugar Rush is on | Human Capital: Switzerland or Yemen? | Crisis is Literal Kiss of Death | Qatar’s Slave Trade Death Toll | Lew’s Illusions | Wal-Mart: Unpatriotic or Lying Through Their Teeth? Food: Walking the Breadline | Obama NOT Worst President in reply to Obama: Worst President in US History? | Obama’s Corporate Grand Bargain Death of the Dollar | Joseph Stiglitz was Right: Suicide | China Injects Cash in Bid to Improve Liquidity

Technical Analysis: Bear Expanding Triangle | Bull Expanding Triangle | Bull Falling Wedge Bear Rising Wedge High & Tight Flag

 


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/eSFHL69PauU/story01.htm Pivotfarm

Why We Should All Worry About CAT's Earnings

It’s different this time, right… even the CAT CEO found a silver lining of hope for the future (admittedly 5,10, 200 years in the future), but, the sad reality is we have seen exactly this kind of disconnect between CAT’s idiocyncratic revenues and world GDP beforeand it didn’t end well…

 

 

h/t @Not_Jim_Cramer


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/1Nqstf_LnWw/story01.htm Tyler Durden

Why We Should All Worry About CAT’s Earnings

It’s different this time, right… even the CAT CEO found a silver lining of hope for the future (admittedly 5,10, 200 years in the future), but, the sad reality is we have seen exactly this kind of disconnect between CAT’s idiocyncratic revenues and world GDP beforeand it didn’t end well…

 

 

h/t @Not_Jim_Cramer


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/1Nqstf_LnWw/story01.htm Tyler Durden

Guest Post: America Held Hostage On The Edge Of Constant Crisis

Submitted by Brandon Smith of Alt-Market blog,

Torture, or what our government calls “enhanced interrogation”, is not a tactic so much as a darkly artistic process.  The subject of this process has something that the torturer wants; it might be information, or a forced confession to a crime the subject did not commit, but most often, torture is designed to gain nothing more than psychological compliance.   

The goal is to manipulate the subject into believing that submission is the only possible future, and that such submission is inevitable regardless of the will of the victim.  The torturer often builds himself up as a kind of parent figure for the subject – becoming the only entity that can supply shelter, water, food, and comfort.  The torturer is taskmaster and abuser, but also caregiver in the twisted relationship dynamic.  A schizophrenic balance is struck in which the subject longs for the outside world and a return to the pleasures of the past (making him desperate and malleable), but he also partially accepts his prison walls as home (giving him a false faith that compliance will lead to a safer and more predictable tomorrow).

Until this compliance is achieved, the subject is exposed to endless and erratic crisis events in which his body is damaged, his mind is deprived of sense, perception, and sleep, and his life is overtly threatened.  He may receive brief moments of rest, but these are designed only to make the next torture session even more raw and painful.  If the subject does not understand how the process works, or if he doesn't have a strong sense of his own identity, then he will quickly lose track of reality.  Every moment becomes a waking nightmare, a warped and gruesome carnival, and life becomes nothing more than an absurd and obscure experiment barely worth living.

It is my belief based on substantial evidence that America, as a nation and a culture, is now being held hostage and tortured into submission on a grand scale using economic terror by the elitist establishment which dominates BOTH major political parties.  The goal?  To push our society to conform completely with the concepts of globalization, bureaucratic micro-management, and greatly reduced living standards.  We are being conditioned to accept defeat and failure, and like children, to cry out for a parental authority to save us in our state of helplessness and fear, even if that authority was the cause of our fear from the very beginning.

The Thin Thread Of The American Economic Fantasy

In the past three months the U.S. has flirted with total fiscal collapse three times.  The first event came in August with market rumors that the Federal Reserve was nearing a “consensus” on plans to cut QE stimulus measures, causing panic amongst investors who now realize that the ONLY pillar still holding our fiscal edifice together is endless fiat currency creation by the Fed.  Markets began a paradigm which is now the “new normal”; plummeting whenever good economic news hits the mainstream on the fear that the central bank will tighten policy, and skyrocketing when bad economic news hits the mainstream on the assumption that the Fed will continue printing.  It is official – lackluster employment reports are something to cheer, and overall systemic crisis is good for stocks:

http://www.reuters.com/article/2013/10/22/us-usa-economy-idUSBRE99L04G20131022

The possibility of a Fed taper has shown us clearly that any action by the private bank to reduce or remove quantitative easing will result in a market panic and implosion.  If the globalists within the Fed apparatus decide one day soon that they want to bring the U.S. to its knees, destroy the dollar, and introduce a new world reserve currency, they can do it with little more than a word proclaiming QE over, or unsuccessful.  So far, they keep the life support machine running…    

The second event came with the drive by the Obama Administration to turn their covert war in Syria into a full blown invasion.  Despite presumptions by many naysayers that Russia and China wouldn't lift a finger to aid the Assad regime, both nations staunchly opposed action by the U.S. in the region and tensions neared critical mass.  Make no mistake, a WWIII level event could have easily erupted, and some Americans seem to remain oblivious to the danger.

China and Russia maintain vast influence in global markets.  The EU, for instance, is utterly dependent on Russian natural gas exports for their energy needs.  The U.S. economy could be annihilated within weeks by an announcement by China to dump their treasury holdings or the dollar as the world reserve currency.  This is just a taste of the financial risks associated with a new war in the Middle East, and military risks add even more potential calamity.  Anyone who believes that Chinese or Russian views on American political or military behavior “do not matter” is living in a deluded cartoon-land. 

The third event came with the recent debt ceiling debate and government shutdown.  One-third of the U.S. population is disturbingly dependent on scraps from the government's table, and any mention of cuts to entitlement programs (or social security, which government treats exactly like an entitlement program) causes immediate and militant finger pointing.  Democrats have been especially vicious in their accusations and rhetoric, consistently referring to Constitutional conservatives and “Tea Party” legislators as “extremists”, “traitors”, and even “domestic enemies”:

 

I happen to take a slightly different view to a majority of independent analysts in that I believe the establishment is just as likely to push America into deliberate default as it is to push America into infinite debt and inflationary collapse.  The end result will be exactly the same regardless of the path taken, and we have yet another opportunity to dance on the edge of oblivion coming in three to four months when the debt debate starts all over again. 

The point is, our financial system has become so unbalanced and internally diseased that if ANY event follows through to culmination, whether political, economic, or international, the economy WILL shatter.  The past three month are a resounding testament to this fact. 

The “De-Americanization' Of The Global Economy

In my article 'How The Dollar Will Be Replaced', published in 2012, I summarized the Catch-22 nature of America's debt problem which I have been warning about since 2006, and how this will eventually end in the abandonment of the dollar as the world reserve currency.  To this day, and in the face of overwhelming evidence that the dollar is doomed, some people still refuse to grasp reality. 

In the midst of the latest debt debate China has made clear it's intentions through state run media to end its relationship with the greenback, not just to form a Chinese-centric reserve currency system, but a global currency system centered on a “new world order”

http://news.xinhuanet.com/english/indepth/2013-10/13/c_132794246.htm

Last year China surpassed the U.S. as the world's largest importer and exporter, making its currency, the Yuan, more desirable than the greenback as a
reserve in the long term.  Since 2010, China has been quietly but quickly establishing multiple bilateral trade agreements with numerous countries dropping the dollar as the primary purchasing mechanism.  China has accumulated massive gold stores and is set to become the world's largest holder of gold in the next two years.  In the past year, China has also surpassed the U.S. as the number one importer of oil, making it a more valued market for the Middle East and causing many to question the dollar's relevance as the petro-currency:

http://oilprice.com/Energy/Crude-Oil/China-is-Now-the-Worlds-Largest-Importer-of-OilWhat-Next.html

Saudi Arabia, America's primary ally and foothold in the global oil market, is now openly calling for an end to traditional agreements and a separation from the U.S. because of the lack of military action in Syria.  This too does not bode well for the dollar's petro-status.  Like a chess maneuver, it would seem we have been cornered by the globalists on oil.  If we invade Syria or Iran we risk losing petro-status.  If we do not invade Syria or Iran, we still risk losing petro-status:

http://www.reuters.com/article/2013/10/22/us-saudi-usa-idUSBRE99L0K12013…

In response to the dismal debt ceiling extension and the uncertainty underlying the new debate coming in the next few months, China's ratings agency, Dagong, has downgraded U.S. treasury bonds yet again:

http://money.cnn.com/2013/10/17/news/economy/debt-ceiling-deal-china/

U.S. Treasuries are now witnessing the lowest foreign demand since 2001:

http://www.bloomberg.com/news/2013-10-20/treasuries-losing-cachet-with-weakest-foreign-demand-since-2001.html?cmpid=yhoo

Three near-crisis events in only three months have signaled a severe acceleration in what the Chinese call the “de-Americanization” of the global economy.  All of the financial shifts taking place since the derivatives implosion of 2008, as well as those rushing like white-water rapids through the global system in the wake of the debt ceiling debate, are gravitating towards ONE outcome – the destruction of the dollar, and the introduction of a new global currency (the SDR) controlled the the IMF.

Russia's Vladimir Putin has called for a global currency run by the IMF to replace the dollar:

http://archive.is/SJhB

China has called for a global currency run by the IMF to replace the dollar:

http://abcnews.go.com/Business/story?id=7168919

Elitists within the U.S. have called for a global currency run by the IMF to replace the Dollar:

http://www.youtube.com/watch?v=tBO34qcnoqM

Hell, even the Vatican has called for a global currency run by a “global public authority” to replace the dollar:

http://www.zenit.org/en/articles/pontifical-council-for-justice-and-peace-on-the-global-economy

There is a world-wide strategy in motion to end the dollar, and with it, America as we know it today. The only question is, how many more near-disasters will we have to experience before the trigger event takes place?

The Torture Continues

With so many near misses culminating so close together, it may be wise to consider what could happen in the the next three months while we wait for debt debate theater part deux.  Like a prisoner in Abu Ghraib, America is trapped, waiting for the next humiliation, the next degradation, or the next session of pain.  Are we merely being acclimated to the idea of incessant crisis?  Are we learning to become apathetic at the edge of the chasm?  Or, are we being driven to madness, mass-madness, by a concert of  elitist interrogators seeking our acquiescence? 

Again, the central purpose of torture is to acquire consent.  Not just extorted consent, but voluntary consent.  It is not enough for the torturer to force the subject to obey, he wants the subject to EMBRACE his servitude.  To gladly abandon all hope.  To see his captor as his only salvation.

The globalist establishment wants us to beg them to save us from the tortures they create.  If we never give them this, they will never win.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/pjfmhZoy1m0/story01.htm Tyler Durden

"Sex Sells And The Japanese Are Buying": A Look At Japan's Love Industry

Tokyo, and the entire country of Japan, which the documentary below describes as “a place where socially awkward people gather and use money to resolve their communication problems”, has a ticking demographic time-bomb: on one hand the population is getting so old that sales of adult diapers now exceed those for babies; on the other as the chart below courtesy of Mark Adomanis shows, the number of actual births each year has dropped to a record low.

The issue: young people in Japan just don’t want or have any interest, in commitment to the other sex, nor do they seem to have any interest in procreating in a narrow sense, or sex in a broad one (a topic further pursued in “Why have young people in Japan stopped having sex“). In short:

  • 50% of Japanese women 18-34 are single
  • More than 60% of Japanese men 18-34 are single

Whether it is the women’s fault, described as “so infatuated with their careers that work trumps a boyfriend or husband”, or men “a generation obsessed with virtual reality and so intimidated by real women that they prefer cyber girlfriends over real relationships” is unknown, and irrelevant.

There is another angle. As this documentary from Vice investigates, “sex sells and the Japanese are buying.” The reason: Japan has a “seemingly infinite menu of relationship replacement services.” And who really needs the hassle of a steady significant other when on one hand the gamma radiation levels keep creeping higher and higher by the day meaning the threat of a random mutant appendage emerging is no longer negligible, and on the other Abenomics is making everyone feel wealthier, even as everyone actual purchasing power implodes, leaving everyone but the 0.1% broke and starving.

Has Japanese society crossed the Rubicon into full devolution (and after watching the video below you will understand why), where cheap single-serving sexual thrills and intimacy replacement have overtaken the household unit as the hub of society?

The reality is that unless something drastically changes between the demographic singularity the country is rapidly headed toward, the Fukushima disaster which hits new spilled radioactivity records on a daily basis, and the emotional detachment that the locals (don’t) feel toward each other, in a few years none of this will matter.

Worst of all: Japan is merely the test tube baby, pardon the pun, for the rest of the insolvent “developed” world. What happens in Japan, is coming to a broke centrally-planned country near you.

For all this and much more (those who want to skip the autistic Japanese parts and go straight to the Yakuza meeting, proceed to 9 minutes into the clip) watch the Vice clip below.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/zqwbjPrguyo/story01.htm Tyler Durden

“Sex Sells And The Japanese Are Buying”: A Look At Japan’s Love Industry

Tokyo, and the entire country of Japan, which the documentary below describes as “a place where socially awkward people gather and use money to resolve their communication problems”, has a ticking demographic time-bomb: on one hand the population is getting so old that sales of adult diapers now exceed those for babies; on the other as the chart below courtesy of Mark Adomanis shows, the number of actual births each year has dropped to a record low.

The issue: young people in Japan just don’t want or have any interest, in commitment to the other sex, nor do they seem to have any interest in procreating in a narrow sense, or sex in a broad one (a topic further pursued in “Why have young people in Japan stopped having sex“). In short:

  • 50% of Japanese women 18-34 are single
  • More than 60% of Japanese men 18-34 are single

Whether it is the women’s fault, described as “so infatuated with their careers that work trumps a boyfriend or husband”, or men “a generation obsessed with virtual reality and so intimidated by real women that they prefer cyber girlfriends over real relationships” is unknown, and irrelevant.

There is another angle. As this documentary from Vice investigates, “sex sells and the Japanese are buying.” The reason: Japan has a “seemingly infinite menu of relationship replacement services.” And who really needs the hassle of a steady significant other when on one hand the gamma radiation levels keep creeping higher and higher by the day meaning the threat of a random mutant appendage emerging is no longer negligible, and on the other Abenomics is making everyone feel wealthier, even as everyone actual purchasing power implodes, leaving everyone but the 0.1% broke and starving.

Has Japanese society crossed the Rubicon into full devolution (and after watching the video below you will understand why), where cheap single-serving sexual thrills and intimacy replacement have overtaken the household unit as the hub of society?

The reality is that unless something drastically changes between the demographic singularity the country is rapidly headed toward, the Fukushima disaster which hits new spilled radioactivity records on a daily basis, and the emotional detachment that the locals (don’t) feel toward each other, in a few years none of this will matter.

Worst of all: Japan is merely the test tube baby, pardon the pun, for the rest of the insolvent “developed” world. What happens in Japan, is coming to a broke centrally-planned country near you.

For all this and much more (those who want to skip the autistic Japanese parts and go straight to the Yakuza meeting, proceed to 9 minutes into the clip) watch the Vice clip below.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/zqwbjPrguyo/story01.htm Tyler Durden