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AN UPDATE ON CHANGES IN THE BIG MAC COMBO PRICES AS A MEASURE OF ECONOMIC WELL-BEING

✍️Written by Hikaru Kitabayashi✍️

The Economist, a famous British magazine that has seen better days, in 1986 came up with their Big Mac Index as a way to compare the purchasing power parity of the world's economies. It was meant as a joke, but like all good jokes, the element of truth was surprisingly large and economists worldwide came to refer to this easily calculated means of making economic comparisons on the fly. It could be calculated in minutes without the need to have access to often manipulated economic data and complex economic statistical models. Moreover, it was almost always found by experts to be more accurate than not in its descriptive power particularly whenever reliable data would become available.

For this article, it was decided that, instead of just checking the cost of a Bic Mac, itself, it would be interesting to check how much a more inclusive product, a Big Mac Combo, would cost in June 2024. it came to $18 in America, assuming, of course, that a person doesn't leave a tip. In tip-free Japan, it is now 750 yen, which is a significant increase in price over 2023. Still, with the exchange rate currently being approximately 160 yen to the dollar, this means that a Big Mac Combo is roughly 3.5 times more expensive in America than in Japan for exactly the same product.

But, in Japan, the beef is imported from America and Australia, the wheat comes from Russia, and the lettuce from China. Coca Cola is bottled in Japan, but the syrup is imported from America. The French fries are made with Chinese potatoes and the oil used for frying would come from Brazil or North America. The Japanese government talks of about 2% inflation over the last year. However, for a Big Mac Combo, in yen terms, it's been about 25 percent over the last six months. Personal experience would suggest that grocery store food prices, depending on the product and the season, have actually gone up even higher at between 50 to 100%. But, if the Japanese government has cooked the books to disaster levels, even so, there is still a remote connection with reality.

The American government claims American inflation has been roughly 3.3%. This, though, has to be a lie. In the case of American government economic statistics, it is clear that they are worthless, being anally expressed on demand as demanded, the result of a failed banking system kept on life support through the forced purchase of American debt by the central banks of allied nations and through discrete purchases of corporate junk bonds by the Federal Reserve. It's a balloon ready to burst, waiting for any available sharp object to puncture it.

What this all suggests is simple. Though a Big Mac Combo comparison would indicate that Japan does not appear to be so extremely affected by uncontrolled capitalism as America, it does suggest that both societies are currently undergoing political mismanagement induced economic rape. Conveniently, because of self-censorship in Japan and politically sponsored censorship in the United States, the main stream media in both countries remains happily complacent. Nevertheless, both economies have become systemically diseased and a time of judgement appears to be on the horizon. When it decides to burst upon us, it may not be the second coming, but there are many who will probably think so.

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