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    Author Topic: 日本語 (Japanese)  (Read 481235 times)
    zebedee
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    January 28, 2015, 05:23:01 AM
     #101

    The confidence for Japanese Yen is strong, so most of Japanese don't think they should buy risky bitcoin.
    It's amazing, and sad.  Because so many will be hurt so badly by this misplaced confidence.  There is no reason for the yen to be strong, and every reason to flee it.  But, as you point out, historically those betting against the yen have been badly burnt.  Sadly that was the wrong lesson.

    I live in Japan and love it here, but I wonder what is going to happen in the next few years.  The elderly are squeezing the life blood out of the economy and the young people, just so they can take pensions and health care whose cost they only paid about 20% of.  They want the young to pay the rest, when those same young people have no hope of anyone paying for them.

    It's only a matter of time until they revolt.  Anyone with long term savings in yen and belief in the system is going to suffer massive losses.  I hope it happens sooner, as those who should be losing out are the elderly who supported the corrupt system, not the young who were just handed their fate.
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