Without deep knowledge about it too, I think a bit reason Fiat being loved is because it allow the value to be not tied to anything tangible, and thus it's easier to create more money/value.
Fiat money is loved by the state and by clients of the state because it allows the state to claim more purchasing power without overt taxation. Writing of money creation as creating more value is at best misleading, because the purchasing power of the newly issued money is extracted from that of prior monetary balances, and the effects of money creation on the financial system result in huge losses of economic efficiency. Inflationary finance is an especially pernicious form of covert taxation.
TL;DR:
Fiat currency.
economic bubble.
the bank she wants to bail out, currently owes a LOT of money from buying stuff on-loan, that is now worthless. Her solution is a government bailout to restore economic trust.
currently, she is trying to prevent the popping of an economic bubble, or at least limit damage to not affect her (or allies) as much as it should.
Seems like se was really blinded from the desire to help the maid, and still is, could easily just hire the son in one of her business, maybe just make it temporary until the economy gets better but nope, she gone insane and decided to buy her overly and literally banrupt workplace.
I understand that hiring him would look like taking pty on someone and for some id dishonourable, even more if is a kid doing it, but the son already genuflected to her, ad the problem wasn't caused by him, trying to make so he continues to have a job by buying a super failing business is just stupid.
Seems like se was really blinded from the desire to help the maid, and still is, could easily just hire the son in one of her business, maybe just make it temporary until the economy gets better but nope, she gone insane and decided to buy her overly and literally banrupt workplace.
I understand that hiring him would look like taking pty on someone and for some id dishonourable, even more if is a kid doing it, but the son already genuflected to her, ad the problem wasn't caused by him, trying to make so he continues to have a job by buying a super failing business is just stupid.
I will give another post to the manga on my thoughts. I need to just reply to you for now.
Her overall goal right now is to "save" the Japanese economy from a catastrophic fall due to the bank runs and collapse of financial institutions. Her movements before this is basically done with this in mind.
Katsura-kun's plee just highlighted to Runa that the collapse is happening a lot faster than she anticipated. Now don't get me wrong, if the goal is to just save her maid's son from being out of a job, then sure, she can just do a pity hire (
spoilers: he would turn into a good performer if he still retains the spark he has if that route was chosen
) and it would have been the most logical choice to do while still keeping to moral sentiments.
However the goal is different. Runa still remembers acutely the harsh realities of living in such dire straits. How these circumstances could turn people to absolute despair (upupupupu) and how it leaves them "less than human". Katsura-kun is merely the reflection of the vast amount of others that are in such circumstances (infact, some might be in more dire straits). She is not only trying to save the soul in front of her, but the many others unseen that are suffering the same despair she had experienced.
At the end of it, it will serve to both make the fall of the economy into a softer landing than a big catastrophic crash and would enrich her too.
I hope this gives you a better understanding on what kind of girl Runa is. Understanding the MC is important after all. This isn't a shounen where their intentions and motivations are easily understood (Believe it!) And are clearly black and white. After all, you are dealing with a "villaness" right?
You can still take out a loan on your real estate value even under the gold standard system. Taking loans while putting up collatiral has existed for thousands of years
"Shared Illusion" huh? That is the key phrase used here. I trust SSS + GN to have indeed translated this correctly. This means that this is the key phrase used by the Manga-ka to express a key idea on explaining what "Money" is and the resulting explanation as to what it boils down to to save Hokkaido Kaitaku Bank.
Interesting choice really. I do not disagree with the choice at all. Makes it easy for peeps to understand.
Overall tho, it is fairly accurate to the LN and I have no complaints. The ability to actually visualize (and probably exaggerated for the benefit of the manga readers by the Manga-ka) how the scenes and facial expressions of each character is doing (Runa's little quip of Tachibana-kun secretly loving sweets/the pudding is cute) is done very well.
While I do agree that the abrupt end of the explanation on things at Pg.12 (pg.13 is the start of a "10K Yen" proposition. Not really too sure if you notice that the pages are numbered and it is actually Pg.12) is a bit jarring, it is not something that would be picked up by regular readers. I feel that it is something that the manga-ka decided to end it on due to page constraints or just wanting to move on to the next step.
At this point, I'll just put my faith in the manga-ka that they will continue to do the source material justice. pray
I would predict that the next chapter will start with a certain press conference featuring
a foreign paid actor (like... actor actor... with a law degree) from the US to act as the spokesperson and "legal advisor" to the Moonlight Fund.
while also laying out how Runa is moving to save Hokkaido Kaitaku Bank (and in return, saving the Economy)
I hadn't looked at the raws or anything beyond what is being shown here Manga-wise. I can't wait to see it!
Onto other things.
The release of SSS Terminal v1.0 seems to be running smooth. I like the uniformity and uniqueness presented to users and readers. I believe that shareholders and those with stakes in the continued standards and readability of the presented offerings will be happy with it too.
Congratulations on securing a new position (employment) in whereever you are now working in. May your time spent with them be fruitful and beneficial for both yourself and the enterprise.
The absolute fumbling of Disney and its massive portfolio of IPs and companies was a writing on the wall. I do have to admit however that I do not think that anyone could have predicted just how bad they managed to fumble it. ABC being up for sale just puts more doubts into its overall future. Along with many other fires that they have, it really brings one wonder as to what is going on over there.
In terms of the rest.... well, I don't have a duck on the race so to say. I don't have a strong opinion one way or another.
Thank you for the work in continually providing consistent quality of TL'd manga we (readers) can come to expect from SSS+GN on this project. I await the next release with baited breath.
Well, yes, she'll borrow from the Central Bank. Put it in another way, she'll ask for the BOJ to bailout Hokkaido Kaitaku by loaning them a Special Loan while she takes over Hokkaido Kaitaku's management, and also using some of her MLF money to help Hokkaido Kaitaku.
Well... they could, but that'll lead to inflation, etc. That was probably one of the chief reasons for being in the anti-fiat camp.
That, if a currency is not tied to anything tangible, the value it holds will also not be very tangible and might lead to valuation fluctuations due to the mood swings from the market.
Japan printing money will probably tank the value of the JPY to foreign currencies causing imports to increase in price.
Since Japan is a resource-poor country, that means that most of their goods will increase in price, causing inflation in costs.
Seeing as how Japan's economy has always been emphasizing on maintaining prices of goods, I'd say doing that will not go well for the government's numbers. (Which... is happening right now since the JPY tanked, Kishida's numbers also tanked with it)
Though I was just memeing. I'm just a random guy with basic economics knowledge. I cannot say with any certainty that I understand the ramifications of any of the actions taken or alternative options. (e.g. Gold Standard vs Fiat)
Well... not without diving deep into more research anyways. Which is way too much for a passing comment.
I must say that any inflation is desirable when it comes to the Japanese Economy, as it suffered from the pains of deflation since the 1990s. Though, I agree with the rest of your assessment.
The currency would tank anyway if the bank collapsing triggers a chain collapse. Overall the cause of the inflation is too much currency on the market relative to the value. As long as a large amount of money that is printed stays dormant and moved slowly, they can minimize the immediate inflation and stretch it out. Then if she can earn enough foreign currency knowing the future she can pretty much cancel it out
Certainly, which is one of the reasons that the Banks too big to fail were bailed out. The low Velocity of Money in the early 2010s might also be the reason on the Low Interest Rates and Low Inflation Period in that time, and probably what happened when Stimulus Checks and Corporate Subsidies were given out but inflation only came later (though Stimulus Checks aren't that impactful on overall inflation as it's more likely that it's the Supply Chain disruption and it's lingering effects that did the deed)
A digital currency created by a central bank would be a fiat currency. The digital currencies that they propose dispense with coins and with bills, requiring every exchange of currency to be effected by a change in accounts stored on computers. And the reason that central banks are investigating these schemes is so that all monetary exchanges can be tracked.
Certainly, there's an element to it, probably to comply with Anti-Money Laundering legislation, but honestly, it's probably Central Bankers being caught up to the Crypto Hype. It's hard to conceive a centralized Crypto Currency, because it wouldn't be Crypto if it's centralized, and if isn't Crypto, it would functionally be similar to current centralized ledgers that banks use, probably just unifying their ledgers to the Central Bank's. If they do employ Blockchain in their "CBDC", then they would hinder economic growth due to the energy requirements and how slow transactions would be settled.
TL;DR:
Fiat currency.
economic bubble.
the bank she wants to bail out, currently owes a LOT of money from buying stuff on-loan, that is now worthless. Her solution is a government bailout to restore economic trust.
currently, she is trying to prevent the popping of an economic bubble, or at least limit damage to not affect her (or allies) as much as it should.
Yeah, it's hard to wrap your head around, certainly it's hard for me to when I first encountered the terms, so no one can blame you for that.
Good degree, by the way. It's tedious, probably start at a more clerical position like AP or AR, but it's nice when you settle in, or maybe I just got used to it lol.
I will give another post to the manga on my thoughts. I need to just reply to you for now.
Her overall goal right now is to "save" the Japanese economy from a catastrophic fall due to the bank runs and collapse of financial institutions. Her movements before this is basically done with this in mind.
Katsura-kun's plee just highlighted to Runa that the collapse is happening a lot faster than she anticipated. Now don't get me wrong, if the goal is to just save her maid's son from being out of a job, then sure, she can just do a pity hire (
spoilers: he would turn into a good performer if he still retains the spark he has if that route was chosen
) and it would have been the most logical choice to do while still keeping to moral sentiments.
However the goal is different. Runa still remembers acutely the harsh realities of living in such dire straits. How these circumstances could turn people to absolute despair (upupupupu) and how it leaves them "less than human". Katsura-kun is merely the reflection of the vast amount of others that are in such circumstances (infact, some might be in more dire straits). She is not only trying to save the soul in front of her, but the many others unseen that are suffering the same despair she had experienced.
At the end of it, it will serve to both make the fall of the economy into a softer landing than a big catastrophic crash and would enrich her too.
I hope this gives you a better understanding on what kind of girl Runa is. Understanding the MC is important after all. This isn't a shounen where their intentions and motivations are easily understood (Believe it!) And are clearly black and white. After all, you are dealing with a "villaness" right?
