Interview 2033 - October 7th Examined on the Jimmy Dore Show

How are things with the gas and oil because of the, you know, the Strait of Hormuz and the Iran war? I hear they're not getting the oil they're supposed to.

Is that true?

Well, you know, that was a big story here for a couple of weeks, and then it just kind of went away.

And I guess I don't know whether they're still releasing from the reserves here or what, but it's not like gas prices are skyrocketing here.

They've gone up, but they're not – They're not incredibly high yet.

Presumably they're going that way, but I don't know.

I don't know what jiggery pokery they're doing to try to keep things tamped down for now.

But just generally, the yen is falling apart and is deflating, inflating away to nothing.

So

no kidding.

Why? Why do you think that is?

A number of structural reasons.

I mean, really, the question is, how did Japan manage to have such a relatively strong economy slash yen for the last 30 years, despite complete, complete stagnation of the economy since the bubble pop of 1990? It's just been a zombie economy with zombie banks.

It got to negative inflation or negative interest at some point in the past several years.

And no matter what they did, they could not get inflation going here.

And that was the big mandate of the central bank.

And I You know, I've been living here over two decades and I from the time I got here till about 2024, 2023, prices just did not move at all.

Nothing increased in price.

And now suddenly everything is increasing in price very

rapidly.

Well, when energy costs more, everything costs more.

Right.

Exactly.

So they figured out they figured it out.

Maybe they're happy that Donald Trump started this war that maybe.