Well after nuking the world with Fukushima radiation, Japan just launched a major currency nuclear warhead in the race to debase or debauch their currency.
Monetizing at the rate of 75% of what our Fed is doing right now, with a country one third the siZe of the Us economic output, seems like they've given up all hope of ever recovering.
So it's now a reckless attempt to "stimulate" a "recovery."
10 yr Jpy bond yields just spiked.
Anyone who thinks the fed is going to slow or stop QE this year, has a major cognitive dissonance issue.
The fed is going to have to crank up the purchases even more now.
And lastly what sane person in Japan is going to keep their money in the bank now ? The bank runs in Japan are going to be extreme. Imagine the gold and silver purchases going forward !
Japan bank run imminent
Started by
nimblebear
, Apr 05 2013 12:56 AM
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