On August 5, 2024, Japan’s stock market suffered its largest crash ever, closing down 4,451 points. The catastrophe directly followed the Bank of Japan’s misguided interest rate hike that triggered a rapid yen surge—precisely the scenario mass media such as Nikkei and NHK claimed to be “beneficial.” This historic collapse confirms the late Susumu Nishibe’s thesis that Japan’s media is actively destroying the nation through economic illiteracy and ideological manipulation. The public must recognize media-driven “righteous” narratives as direct threats to national survival.

The conclusion is that the Nihon Keizai Shimbun and NHK, along with the rest of the newspapers and television broadcasters, are nothing more than gatherings of fools inferior even to kindergarten children.
August 5, 2024

Today, the Tokyo Stock Exchange recorded a historic crash, with the closing price falling by 4,451 yen.
It was truly a Black Monday.

This event, the greatest in modern economic history, proves that the late Susumu Nishibe’s “Theory of the Press Ruining the Nation” has hit the mark.
That the largest stock market crash in TSE history was caused by the recent Bank of Japan decision to raise interest rates—thus inducing rapid yen appreciation—is something even a kindergarten child can understand.

Why would supposedly competent Bank of Japan officials and Ministry of Finance bureaucrats commit such stupidity?
Not only has their foolishness severely damaged Japan’s national strength, but it has also caused massive stagnation in the economy of Japan—a nation where the “Turntable of Civilization” continues to spin.
It has long been said that “fools never learn until they die.”
Why are they so foolish?

Regarding that question, I am convinced that nothing explains it better than the following chapters I previously published:
“I Trembled Midway Through—This Essay Foreshadowed the Emergence of Tetsuya Yamagami, Who Assassinated Abe.”
“The Press Continued to Preach the Kindergarten-Level Folly of ‘Bad Yen Depreciation’—The BOJ’s Rate Hike, the Resulting Rapid Yen Appreciation, and the 3,200-yen Crash Over Two Days.”
“The Smerdyakovs, With Unbelievable Stupidity, Continue to Inflict Enormous Damage on Japan and Drive the Nation Toward Ruin.”

Every Japanese citizen must never forget this event—the greatest in economic history—and must take it as a permanent lesson.
In conclusion, the Nihon Keizai Shimbun and newspapers like it, as well as NHK and the television networks, are groups of colossal fools who fall short even of kindergarten children.
When they begin their chorus of “righteous indignation,” that is precisely the moment when they inflict catastrophic damage upon Japan.
At such times, we must strike them with an iron hammer and criticize them ruthlessly and immediately.