The real measure of money is not the gold that backs the paper currency, nor the productive power of the economy backing the value of the paper, but the military power to defend one and all needed and useful assets including land, people, factories, and natural resources, against any and every creditor and intruder.
Money is printed by power, not by the press, as the amount printed depends not on the capacity of the press to print, but on the power to enforce its acceptance.
This is why the next phase of the economic conflict that is reaching a climax, as always, will be a real war, at once and everywhere. An ordinary currency is an IOU. A reserve currency is a UOI.
Being prepared for the collapse of the world economy means being prepared for another war of global proportions.
The winner will get the right to print the next international reserve currency.
Japan's Abenomics is just a camouflage for Japan moving into a war economy, where the state absorbs all resources, manpower, production, in preparation for war. To raise money by Parliament appropriations would deprive the militarization of its stealth protection. Printing money, and distributing it to the producers of Japan's next Wehrmacht, in the name of trying to create jobs, is a perfect camouflage.
WITH ABE'S SHOUTING OF "BANZAI!" IN FRONT OF LIKE-MINDED PARLIAMENTARIANS SHOWING ALLEGIANCE TO THE JAPANESE EMPEROR, WE SHOULD INFER THAT THE SECOND MEIJI RESTORATION HAS OFFICIALLY BEGUN, AND THE MILITARIZATION IN PREPARATION FOR INVASION OF TAIWAN, PHILIPPINES, INDONESIA, MALAYSIA, SINGAPORE, AND OF COURSE, KOREA AND CHINA WOULD HAVE ALSO BEGUN.
ABENOMICS IS THE MEANS AND THE COVER FOR THIS MASSIVE REMILITARIZATION OF THE 21ST CENTURY IMPERIAL JAPANESE ARMY, NAVY AND AIR FORCE.
IN EFFECT, THE THIRD SINO-JAPANESE WAR IS ON TRACK TO TAKE PLACE, NOTWITHSTANDING THE SMOKESCREEN PROVIDED BY JAPANESE "PACIFISTS" TO REASSURE THE WORLD THAT THIS IS NOT TAKING PLACE IN JAPAN. IT IS.
China should prepare for the replacement of US forces in Asia by Japanese forces now being trained, armed and increased, even as we speak. The money to do this with is not appropriated, not earned, but simply taken from the purchasing power of those who saved or invested in Japanese Yen or Yen-denominated investments. Obama is powerless to turn around US China Policy for the better, personal goodwill notwithstanding.