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Thailand: The People Have Spoken – No Confidence in Regime or System

by Tony Cartalucci
Land Destroyer

With a regime and system rendered illegitimate with a sweeping boycott of sham elections – Thailand must find alternatives to patching itself together beyond the broken ballot box.

February 5, 2014 (ATN) – Thailand’s February 2, 2014 elections produced the worst ever voter turnout in Thai history with a humiliating 46% coming out to cast their ballots. Of this paltry number, many chose to deface their ballots or cast “no vote” in protest of both the process and the regime overseeing it.

The elections were highly controversial, with all major opposition parties boycotting them and the only major party on the ballot being openly run by an accused mass murderer, convicted criminal, and fugitive, Thaksin Shinawatra, who is currently hiding abroad from a two year jail sentence, multiple arrest warrants, and a long list of pending legal cases.

The elections were carried out with heavy backing from the West, despite the obvious illegitimacy of the process and the nature of the regime. While the West claims it was merely defending the “democratic process,” a look into the relationship between dictator Thaksin Shinawatra and the corporate-financier interests of Wall Street and London tell another, more likely story of imposing upon Thailand a proxy regime serving Western, not Thai interests.

Graph: Thailand’s Election Commission reported the abysmal voter turnout in 2014, compared with 2011, showing a resounding loss of confidence in both the ruling regime and the “democratic process” it has highjacked to grant itself otherwise nonexistent credibility and legitimacy. The turnouts only tell part of the story, since many who did vote, did so simply to deface their ballots or check “no vote” in an alternative form of protest against the regime. (Graphic via The Nation).

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Of the election turnout, Thai PBS reported in their article, “EC says latest voter turnout is 46.79%,” that:

The Election Commission (EC) today released the latest voter turnout for February 2 general election at 46.79%, with turnout of “vote-no” standing at 16.57%.

The turnout was counted from 68 provinces, excluding nine southern provinces where voting could not be held, and some constituencies of Rayong and Bangkok.

Of the 68 provinces where voting was held, EC said there are a total of 43,024,042 eligible voters.

It said 20,129,976 voters or 46.79%, cast their votes. Of all the ballots they casted, 71.38% was valid, and 12.05% was void.

It said of all the valid ballots, 16.57% voters casted “vote-no”.

With over half of all eligible voters choosing to not even vote, and with so many defacing their ballots or choosing the “no vote” option, the ruling regime of Thaksin Shinawatra has clearly lost millions of votes since 2011. It should be noted that turnout percentages are determined based on polling stations uninterrupted by protests – though areas where voting was disrupted are expected to produce results even less favorable for the regime if and when voting occurs.

It is clear that the regime has lost the confidence and support of the vast majority of the Thai population and is now without a mandate to rule the country. Furthermore, Thais appear to have lost confidence in the so-called “democratic process” the regime has hijacked in order to create the illusion of a mandate and legitimacy.

Despite this, the regime’s Western backers continue to promote the myth that merely because “elections” took place, whatever government is formed afterward possesses unquestionable legitimacy. And with this “legitimacy,” Thaksin Shinawatra and his political party are attempting to arrest an opposition that clearly commanded the majority of Thai opinion on February 2.

In Bangkok Post’s article, “Arrest warrants for PDRC leaders, CMPO to suspend transactions,” it reported:

The Criminal Court on Wednesday approved the Department of Special Investigation’s (DSI) request for arrest warrants for 19 leading members of the People’s Democratic Reform Committee (PDRC) for alleged violation of the emergency decree.

To compound the regime’s authoritarian posture, it should be noted that the emergency decree was announced in response to a terror campaign the regime itself openly carried out against the opposition. It included almost nightly drive-by shootings at rally sites and opposition leaders’ homes, as well as brazen broad daylight grenade attacks that left one dead and scores seriously maimed.

While the regime and the West will continue framing the elections as a renewed mandate for Thaksin Shinawatra’s illegal, illegitimate administration of Thailand, and the opposition as ostentatiously opposing the will of the rural “majority,” the reality is that this rural majority joined the opposition on February 2 in boycotting the polls and are literally joining the protesters in Bangkok in response to the regime’s collapsed rice-buying scheme.

Waiting for the Inevitable 

The illusion of Thaksin Shinawatra’s popularity has been shattered and the barriers of fear imposed upon the Thai people by his “red shirt” enforcers have crumbled into ruins. With wrecking-ball abandon, his regime has gutted Thailand’s rice industry, skewed the economy, shaken confidence both domestically and abroad, and is still awaiting the fallout from other disastrous vote-buying schemes that are in the process of collapsing.

What the protesters have been unable to do themselves, the regime itself will accomplish in the final stages of its grip on power.

However, people need not wait to begin picking up the pieces the regime’s corrupt, incompetent ministries have left after their ruinous decade in power. While a new government will inevitably replace the Shinawatra regime, the lessons of the past decade should inform the Thai people that the answers to their solutions lay not at the ballot box, but in their own hands. While Thailand’s education system, agricultural industry, banking system, infrastructure, and other essential services provided by the government cannot be easily replaced, they can be augmented by local activism, local institutions, and local collaboration to make up for shortcomings that may or may never be addressed adequately.

Protesters who have been meeting and organizing to attend mass rallies, supporting the alternative media in their efforts to counter the regime and its Western backers’ propaganda, and volunteering at the rallies themselves can begin expanding their activities toward tangible solutions and enumerated, specific principles of reform.

It All Begins With Education and Ends With Real Activism

The “fee tablet PC” scam by the government was a bad idea even if it was implemented efficiently. The problem with the Thai education system was never a lack of tablet PCs, but a lack of resources to match qualified teachers and practical curriculum to appropriately sized classes.

A real solution could include a Thai-version of OpenCourseWare where curriculum is available for free on the Internet in a centralized repository including both free .PDF textbooks and video lectures on YouTube, along with resources to help educators and potential educators impart the curriculum upon students. This can be done in parallel with the existing education system and offered in after-school programs. It can be lucrative and beneficial to both educators and students within their village or district.

Concepts like “hackerspaces” and “DIYbio labs” can give high school and university students practical hands-on experience to augment their theoretical studies across the street from their classrooms. These local institutions can also serve as SME kickstarters, while the technological and human resources they are able to pool can be applied directly to local problems by the local people themselves. (see more on “How to Start a Hackerspace“)

This can include anything from improving or augmenting local IT infrastructure, to developing cheap and easy-to-replicate technology to assist farmers in both increasing their efficiency and diversifying their economic activity. Local institutions like hackerspaces that combine education, technological research and development, and a venue for meeting and organizing for a wide variety of pragmatic purposes, can also serve as a nexus for disaster response – another area in which the current regime has consistently and tragically failed.

An example of a political movement turned pragmatic was Occupy Wall Street, which in the face of Hurricane Sandy, became “Occupy Sandy.” It turned its political networks into pragmatic disaster relief networks, and illustrated their political struggle with Wall Street and the proxy regime it controls in Washington, could be outmatched by its pragmatic response to that regime’s failure in the face of adversity.

The Occupy Sandy movement proved that the US government’s failure was not because the odds were insurmountable, but because the government simply did not care. The lesson is that the only people who care about us, are ourselves, our friends and family, and our community. To solve our own problems, we must find the solutions within and among ourselves.

The “Occupy Bangkok” campaign can easily be flipped, just as Occupy Wall Street was in New York City, to begin addressing the many problems left by Shinawatra regime through pragmatic means. Before the regime crumbles, and while people are in “activist mode,” groups can begin forming around a simple table with notebooks or computers to begin sharing knowledge and exploring models that can be both profitable in monetary and social terms. These could include:

Hackerspaces: A space – perhaps a shophouse – with tables for people to gather and collaborate on practical projects such as IT, hardware, robotics, electronics, fabrication, woodworking, etc. Most hackerspaces fund themselves through a combination of monthly dues from memberships and through classes organized to teach skills or discuss concepts. The space is very flexible, and can even be used for local meetings, after-school tutoring, and social events.

Farmers’ Markets: With the disastrous rice-buying scam collapsed in corruption, scandal, and bankruptcy, farmers across the country are left with empty hands and a wrecked rice industry. Should these farmers possess the skills to produce organic fruits, vegetables, and livestock, and should urbanites both in  provincial cities and in the capital create markets for them, an additional source of sustainable revenue can be offered while deeply entrenching a healthier, local agricultural industry across the nation.

For example, organic farmers’ markets could be created across Bangkok, who independently or cooperatively promote their locations, operating hours, and the farmers they network with. Tours to the farms producing the food can also become a part of the new economy, with new media writing about the health benefits of organic farming versus industrial big-agri.

An industry of the people, by the people, for the people is the only true way to achieve real, sustainable, and meaningful “wealth distribution.” The technology and resources already exist to make this a reality – a reality already unfolding among dissatisfied Americans seeking an exit out from under the Fortune 500’s corporate-financier monopolies. The legal and regulatory barriers these monopolies are using to stem the exodus of consumers into producers do not exist in practice in Thailand.

For Thais, the only barrier may be a lack of understanding that the solution is right before us. Understanding it, however, allows us to take the current momentum of the political surge against Thaksin Shinawatra and the corrupt system he represents, both in Thailand and globally, and turning it into a pragmatic and lasting movement that will finally allow us to make good on the promises perpetually made and broken by self-serving politicians.

Poll: Nearly 70% Of Ukrainians Fear Threat Of Civil War

Stop NATO…Opposition to global militarism
Feb 6, 2014

1) State Department’s Nuland meets with Svoboda chief, other opposition leaders in Kiev
2) European Union’s Ashton meets with the same
3) Polish prime minister holds video conference with them as well
4) As U.S. vice president sticks his nose in
5) Ukrainian Foreign Ministry urges West to desist from spreading disinformation
6) Poll: 60% of Ukrainians oppose violent seizure of government buildings, 69% fear civil war
7) Man seriously injured by bomb at trade union headquarters

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1)

Interfax-Ukraine
February 6, 2014

U.S. Assistant Secretary of State Nuland, Ukrainian opposition leaders discusses situation in Ukraine

U.S. Assistant Secretary of State Victoria Nuland and Ukrainian opposition leaders Arseniy Yatseniuk of the Batkivschyna faction, Vitaliy Klitschko of the UDAR party and Oleh Tiahnybok of the Freedom party have discussed resolving the social and political crisis in Ukraine.

The parties have discussed the situation in Ukraine during a meeting held in Kyiv on Thursday and have said that it was necessary to resolve the social and political crisis in the country peacefully, the Batkivschyna press office said in a statement.

“The participants of the meeting have discussed the prospects of amending the Ukrainian Constitution as well,” the document said.

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2)

UNIAN
February 5, 2014

Opposition leaders hold meeting with Ashton

Chairman of the Political Council of the Batkivshchyna All-Ukrainian Union and the Batkivshchyna faction Arseniy Yatsenyuk together with opposition partners – leader of the UDAR faction Vitaliy Klitschko and leader of the Svoboda All-Ukrainian Union Oleh Tyagnybok held a meeting with High Representative of the Union for Foreign Affairs and Security Policy Catherine Ashton late in the evening yesterday.

The press service of the Batkivshchyna disclosed this to UNIAN.

“Before the meeting of Catherine Ashton with President Yanukovych opposition leaders informed the High Representative of the Union for Foreign Affairs and Security Policy about the situation in Ukraine, in particular, about the negotiation process concerning settlement of the social-political crisis”, – it is said in the report.

The parties agreed to continue communication with Ashton after her meeting with President Victor Yanukovych.

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3)

UNIAN
February 5, 2014

Prime Minister of Poland to hold video-conference with leaders of Ukrainian opposition

Head of the Polish government Donald Tusk will hold a video-conference with three leaders of the Ukrainian opposition in the evening today. He plans to share opinion concerning overcoming of the political crisis in Ukraine with them.

Prime Minister of Poland to hold video-conference with leaders of Ukrainian opposition / ReutersAccording to an UNIAN correspondent in Poland, Tusk said this at press conference in Warsaw.

Tusk noted that he is about to inform leader of the Batkivshchyna faction Arseniy Yatsenyuk, leader of the UDAR party Vitaliy Klitschko and leader of the Svoboda Oleh Tyagnybok about the results of his negotiations with the leaders of the European Union, with whom his spoke concerning the situation in Ukraine last week.

The Prime Minister said that the settlement of the political crisis in Ukraine is the most important task today, because the further confrontation will complicate rendering an assistance to this country.

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4)

UNIAN
February 5, 2014

Biden calls Yanukovych to accept international aid for overcoming of political crisis

Vice President of the United States Joe Biden called President of Ukraine Victor Yanukovych to accept international aid for overcoming of political crisis.

Biden calls Yanukovych to accept international aid for overcoming of political crisis/REUTERSBiden said this in a telephone talk with Yanukovych on Tuesday, Radio Svoboda reports.

Such dialogues have taken place several times during the political crisis.

According to the White House, the Vice President of the United States also called Yanukovych to withdraw special squad soldiers from the streets, to release detained people and to bring to book all the people guilty in attacks on journalists and protesters.

At the same time High Representative of the Union for Foreign Affairs and Security Policy Catherine Ashton will visit Kyiv today and she is about to meet with Yanukovych and leaders of the opposition.

Source: http://www.radiosvoboda.org/content/article/25253468.html

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5)

National Radio Company of Ukraine
February 5, 2014

Kozhara urges Western politicians not to spread unverified information

Ukraine’s Foreign Ministry has called on foreign politicians not to make irresponsible statements and not to spread inaccurate information so as not to complicate the political situation in Ukraine.

Foreign Minister Leonid Kozhara said that allegations by Member of the European Parliament Rebecca Harms that a number of high-ranking Ukrainian officials have foreign passports are untrue. “The Ukrainian politicians, who were mentioned in the statement, have no passports other than Ukrainian,” Kozhara said. He described Harms’s allegations as unacceptable and based on unfounded presumptions.

“I am calling on all foreign policymakers to avoid hasty statements and carefully verify information before making it public,” Kozhara said. As reported, Harms said that a number of Ukrainian officials, including head of President’s administration Andriy Kliuyev, ex-premier Mykola Azarov and acting premier Arbuzov, have Austrian citizenship. All of them have already denied these allegations. Harms later explained that her words had been misinterpreted, when she in fact said these Ukrainian politicians may have Austrian passports. The Austrian Embassy in Ukraine has also officially denied the rumours. Under the Austrian law, foreign investors have the right to obtain a residence permit, which can later be exchanged for Austrian citizenship, if they invest five million euros in the country.

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6)

ForUm
February 6, 2014

Poll: Majority of Ukrainians against seizure of administrative buildings

About 60% of Ukrainian citizens are against the seizure of administrative buildings, founder of the group of companies «R&B Group» Yevhen Kopatko told ForUm correspondent.

“60% of Ukrainians do not support seizure of the government buildings, 82% of them do not support it in the east and 25% in the west of Ukraine,” he said.

Kopatko released a poll data concerning the mood of Ukrainians in all regional centers of the country. “48 % of Ukrainians are experiencing anxiety, among them 47% in the east, 46% in the west; 35 % of Ukrainians feel hope; 19% – confusion, 16% – enthusiasm, 16% – fear, 10% – hopelessness,” the sociologist noted.

He stressed that out of six categories, 92% are negative characteristics and 52% are positive ones.

In addition, according to the sociologist, only 20% of Ukrainians are not afraid of the threat of civil war. 38% say that such a threat exists. 31% believe that the probability is high.

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7)

ForUm
February 6, 2014

Explosion in House of Trade Unions, one injured

A man was wounded in the House of Trade Unions in the center of Kyiv, Kyiv Interior Ministry Department informs.

At 12.20, a doctor called the police and informed that a man in serious condition had been delivered to the clinical hospital № 17.

“The victim was diagnosed eye damage and hand injury. The wounded man is unconscious. Age and place of residence of the man has not been established,” statement says.

According to the doctor, the victim was in the House of Trade Unions on the fifth floor, opened a box, and then there was an explosion, which resulted in injuries.

The investigative team of the Shevchenkyvskyi district police department is now in the House of Trade Unions. Activists do not allow law enforcement officers to the scene.

The second group of Shevchenkyvskyi district police department was sent to the hospital.

 

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[related video: Art of Meddling: US’s Nulad visits Ukraine again, with ‘regime change’ aims?]

VIDEO — Supreme Court Justice Warns FEMA Camps Are Coming

Truthstream Media
Feb 4, 2014

http://truthstreammedia.com/supreme-c…

Martial Law has already been established on paper, and a Supreme Court Justice now warns that the nation’s highest court would back executive orders to intern Americans, as it did during WWII.

Senior Associate Justice Antonin Scalia, the longest serving justice of the Supreme Court who has been on since the Reagan Administration, predicted that the Supreme Court would someday back moves by the federal government to intern Americans under martial law, citing the landmark Korematsu v. United States decision that upheld FDR’s Executive Order 9066 to round up and hold Japanese Americans in camps during WWII.

Never mind that this is blatantly in violation of the rights of Americans; time of war makes the laws fell silent Scalia cautioned.

How quickly would the Obama Administration or a future president use the powers of Executive Order to hold Americans in actual camps in the event of future crisis — be it natural disaster, false flag terrorism, economic collapse or wider war?

Source: http://washingtonexaminer.com/justice…

Related
http://truthstreammedia.com/just-anot…
http://www.theforbiddenknowledge.com/…

Website: TruthstreamMedia.com
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IMF Sponsored “Democracy” in The Ukraine

by Michel Chossudovsky
Global Research
Jan 31, 2014

There is an ongoing and deliberate attempt by foreign powers to spearhead the destabilization of Ukraine including its state structure.

There is a long history of colored revolutions in Ukraine going back to the 1990s.

The protest movement in Kiev bears a marked resemblance to the “Orange Revolution” of 2004 which was supported covertly by Washington. The 2004 “Orange Revolution” led to the ousting of the pro-Russian Prime Minister Viktor Yanukovich, spearheading  into power the Western proxy government of  President Viktor Yushchenko and Prime Minister Julia Tymoshenko.

Once more Viktor Yanukovitch is the target of a carefully staged “pro-EU protest movement”. The latter was launched following president Yanukovitch’s decision to cancel the “association agreement” with the EU.

The mechanisms of interference are in some regards different to those of 2004. The protests are supported directly by Brussels and Berlin (with EU officials actively involved) rather than by Washington:

“The right-wing parties leading the protests in coordination with EU officials and politicians had called for a “million man march.” Ultimately, some 250,000 to 300,000 people gathered on Maïdan (Independence) Square. It was the largest protest in Kiev since the 2004 “color revolution” organized by US and European imperialism—the so-called Orange Revolution that ousted the pro-Russian Yanukovich and brought the pro-Western tandem of President Viktor Yushchenko and Prime Minister Julia Tymoshenko to power.

Evgenia Tymoshenko, the daughter of former prime minister and billionaire natural gas magnate Julia Tymoshenko, whom Yanukovich has jailed, read a message from her mother calling for Yanukovich’s “immediate” ouster. (See Alex Lantier, December 8, 2013)

The following article first published in November 2004, focuses on the October-November 2004 “Orange Revolution” directed against  then prime minister Viktor Yanukovich, while also providing details on the insidious role of the IMF and the World Bank in imposing the neoliberal economic policy agenda on behalf of the “Washington Consensus”. 

Michel Chossudovsky, December 2013


IMF Sponsored “Democracy” in The Ukraine

by

Michel Chossudovsky

November 2004

Opposition candidate Viktor Yushchenko in the Ukrainian presidential elections is firmly backed by the Washington Consensus.

He is not only supported by the IMF and the international financial community, he also has the endorsement of The National Endowment for Democracy (NED)Freedom House and  the Open Society Institute , which played a behind the scenes role last year in helping “topple Georgia’s president Eduard Shevardnadze by putting financial muscle and organizational metal behind his opponents.” (New Statesman, 29 November 2004).

The NED has four affiliate institutes: The International Republican Institute (IRI) , the National Democratic Institute for International Affairs (NDI), the Center for International Private Enterprise (CIPE) , and the American Center for International Labor Solidarity (ACILS). These organizations are said to be “uniquely qualified to provide technical assistance to aspiring democrats worldwide.” See IRI, http://www.iri.org/history.asp )

In the Ukraine, the NED and its constituent organizations fund Yushchenko’s party Nasha Ukraina (Our Ukraine), it also finances the Kiev Press Club. In turn, Freedom House, together with The Independent Republican Institute (IRI) are involved in assessing the “fairness of elections and their results”. IRI has staff present in “poll watching” in 9 oblasts (districts), and local staff in all 25 oblasts:

“There are professional outside election monitors from bodies such as the Organisation for Security and Cooperation in Europe, but the Ukrainian poll, like its predecessors, also featured thousands of local election monitors trained and paid by western groups. … They also organised exit polls. On Sunday night those polls gave Mr Yushchenko an 11-point lead and set the agenda for much of what has followed.” (Ian Traynor 26 November 2004, the Guardian, http://globalresearch.ca/articles/TRA411A.html )

Needless to say these various foundations are committed to “Freedom of the Press”. Their activities consist not only in organizing exit polls and feeding disinformation into the Western news chain, they are also involved in the creation and funding of “pro-Western”, “pro-reform” student groups, capable of organizing mass displays of civil disobedience. (For details, see Traynor, op cit) In the Ukraine, the Pora Youth movement (“Its Time”) funded by the Soros Open Society Institute is part of that process with more than 10,000 activists. Supported by the Freedom of Choice Coalition of Ukrainian NGOs , Pora is modeled on Serbia’s Otpor and Georgia’s Kmara.

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VIDEO — Super Bowl MVP Wears Illuminati Eye Symbol

Infowars
Feb 4, 2014

Underscoring how the occult and secret societies like the Illuminati have been appropriated by the entertainment industry as trendy and alluring, Super Bowl MVP Malcolm Smith gave a press conference while wearing a Nike shirt emblazoned with an all-seeing eye and the occult Ouroboros symbol.

http://infowars.com
https://twitter.com/PrisonPlanet

Dutch mayors want legal home grown weed

RT
Feb 3, 2014

Сannabis plants (AFP Photo / Alain Jocard)

35 Dutch municipalities are asking the government to let them grow cannabis. Dutch laws on marijuana allow people to smoke it legally but a recent global spate of pro-weed legislation is leaving the Dutch lagging behind some other countries.

Dozens of mayors and experts from 35 Dutch towns and cities including Amsterdam, Rotterdam and Utrecht gathered last Friday in Utrecht arguing that the current laws, which allow the sale but not the cultivation of marijuana, mean that Dutch coffee shops, which sell the drug, have to get it from illegal gangs, encouraging organized crime and wasting valuable police time.

Ahmed Aboutaleb, the mayor of Rotterdam, said that cannabis cafes had to rely on “murky worlds” and that the current situation in Holland was unsustainable, according to the public broadcaster RTV.

As a result of the meeting a manifesto addressing the government has been penned.

However, the Dutch government disagrees and argues that any change in the law would not be welcomed by neighboring countries, which could see Dutch grown weed in their own backyard.

“We agree that crime and nuisance have to be fought, but we disagree on the right instrument,” said Ivo Opstenten, the Security and Justice Minister as cited by The Independent.

Utrecht’s alderman for public health, Victor Everhardt who hosted the meeting of mayors has been pushing the proposal since 2011 of the creation of cannabis clubs where the THC content of cannabis plants could be properly regulated, but his suggestion has been rebuffed by the Dutch government.

But now the international tide is turning as the world gradually becomes more weed friendly. The United States, which for decades has operated a tough no tolerance approach to drug use branded the “War on Drugs”, has legalized cannabis shops in Colorado with Washington State look set to follow.

Colorado now allows the regulated growth of marijuana, which is taxed, for recreational use.While in South America Uruguay became the first nation to fully legalize pot.

Since the 1970’s Holland has been one of the few countries in the world where you can have a joint without worrying about getting busted as the possession of small amounts of cannabis has been legal. Dutch cities have become favorite destinations for weed hungry tourists.

As a result a so called wietpas policy, which in English translates as ‘weed pass’, came into effect in the Netherland’s three southern most provinces on May 1st 2012. The law was to prevent foreigners from legally purchasing cannabis in coffee shops, but Dutch citizens and expats with residence cards were able to sign up for the ‘weed pass’.

The policy proved unpopular with communities in the southern cities where it became law complaining of a rise in the number of street dealers. Many locals also refused to sign up for the pass out of fear that their names would appear on a government list or that their employers may get wind of their recreational habits.

The ‘weed pass law’ was due to be introduced nationally on January 1st 2013 but in November 2012 it was repealed. Each city in Holland is now able to regulate the sale of marijuana as they choose.

“It’s not like tourists are going to say OK, there’s no cannabis here anymore. Instead they’re just going to try and find it on the streets, leading to a larger black market, more disputes with dealers, no control over its quality and all the other problems we used to have,” said Eberhard van der Laan, Amsterdam’s liberal mayor as quoted by DailyMail.

Research from Intraval, an independent agency that carries out social scientific research showed the number of coffee shops decreasing from 1999 to 2011 by 22 percent.

The Stock Market In Japan Is COLLAPSING

by Michael Snyder
Activist Post
Feb 5, 2014

Did you see what just happened in Japan?  The stock market of the 3rd largest economy on the planet is imploding. On Tuesday, the Nikkei fell by more than 610 points. If that sounds like a lot, that is because it is. The largest one day stock market decline in U.S. history is only 777 points. So far, the Dow is only down about 1000 points during this “correction”, but the Nikkei is down more than 2,300 points. The Nikkei has dropped more than 14 percent since the peak of the market, and many analysts believe that this is only just the beginning.

Those who have been waiting for a full-blown stock market collapse may be about to get their wish.  Japan is absolutely drowning in debt, their central bank is printing money like crazy and the Japanese population is aging rapidly. As far as economic fundamentals go, there is very little good news as far as Japan is concerned. So will an Asian financial collapse precede the next great financial crisis in the United States?  That is what some have been predicting, and it starting to look increasingly likely.

What happened to the Nikkei early on Tuesday was absolutely breathtaking.  The following is how Bloomberg described the carnage…

At the end of January 2013, Japanese stocks trailed only Portugal for the biggest rally among developed markets. Now the Nikkei 225 Stock Average is leading declines, slumping 8.5 percent last month and today capping a 14 percent drop from its Dec. 30 peak.

Losses snowballed in Tokyo during a global retreat that has erased $2.9 trillion from equity values worldwide this year amid signs of slower growth in China and stimulus cuts by the U.S. Federal Reserve.

As Bloomberg noted, much of the blame for the financial problems that we are seeing all over the planet right now is being placed on the Federal Reserve.

The Fed created this bubble by pumping trillions of fresh dollars into the global financial system, and now they are bursting this bubble by starting to cut off the flow of easy money.

This is something that I warned would happen when the Fed decided to taper, and now RBS is warning of a “market bloodbath” unless the Federal Reserve immediately stops tapering.

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