These days its tough keeping up with the Jones’s er…Bernanke’s.
In what is labelled a surprise move by the MSM but should come as no surprise to any SD reader who understands that Quantitative Easing is going to Infinity..AND BEYOND among all Western nations- the BOJ Wednesday expanded it’s QE asset purchase program to ¥80 trillion.
Yes, you read that correctly, ¥80 trillion.
The Bank of Japan took surprisingly strong steps to further ease its monetary policy following similar steps by the Federal Reserve, as it tries to tackle entrenched deflation, an export-sapping strong yen, and the impact of slowing global growth.
The central bank’s policy board decided at the end of a two-day meeting to increase the size of its asset purchase program—the main tool for monetary easing amid near-zero interest rates—to ¥80 trillion ($1.01 trillion) from ¥70 trillion.
The dollar rose quickly against the yen following the announcement, to ¥79.02 from ¥78.69.
Read more:
A trillion here, a trillion there, pretty soon we’re talking about REAL money printing!
Got PHYZZ???
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
Keep Printing and we will just wait
Well, As the World Turns, it appears all the dominoes are beginning to fall as the Edge of Night gives way to The Secret Storm that will eventually provide the Guiding Light for All My Children to recognize the true value of gold & silver. Man, I hate soap operas.
And the price wars get heated up.
Maybe they should ask why price wars are bad for business. Or maybe they wouldn’t understand.
Japan is going into a really nasty rough patch with negative growth and a trade deficit. Their demographic bubble is a slow motion trainwreck that is gutting tax revenues and pulling down their young middle class to a point where they have little hope of bettering themselves economically. The solution to this–print a trillion dollars worth of yen.
China is hitting the economic wall with profits turning negative and every economic signal negative except channel stuffed finished goods. 18% of their GDP is Euro centric a basket case in itself.
The solution to this—print a trillion dollars worth of Yuan
Europe is is a serious recession with 11% over unemployment, suffering a rapid decline in economic activity with a fatally damaged banking system. The solution to this—print a trillion dollars worth of Euros
The US is in a recession with declining tax revenues, a decline in manufacturing, 7% inflation and 5 trillion in liquidity at ZIRP.
Solution to this—print a trillion dollars.
Anyone care to guess which currency will hit bottom first?
With the ME in serious and violent turmoil, China threatening war with Japan over a set of miniscule islands, Syria going down in flames while being a flash point for WW111 with the US, the BRICS working to dethrone the USD as the world’s reserve currency and Israel certain to attack Iran before the US elections, what could go wrong?
It’s not whether we will have a serious shooting war, its when, where and how large. No nation with the economic, military and financial power that is going broke by these degrees becomes more peaceful. The only way the central government has to distract the people from their economic plight is create enemies, build a case for war, demonize others, foment strife within their country with false flags and propaganda and ultimately make military threats abroad. How are we doing on that score?
Central governments do two things well
Debase the currency and start wars, in that order
Central banks finance both.
Suprised this news didnt provide more of a lift to PMs this morning.
Nice post AGXIIK. Japan and China conflict heating up could directly align with your last points there.
With 80 trillion yen, it is guaranteed that Japan will have hyperinflation. Also, if they create that much amount, then I believe that Japanese yen will collapse first, then the US dollar and finally, the Euro.