What’s Japanese for Zimbabwe?


It’s Currency War! – And Japan Has Fired The First Shot

Michael Snyder, on November 3rd, 2014

… Without a doubt, the Japanese are desperate. … Friday, the Bank of Japan dramatically increased the size of the quantitative easing program that it has been conducting.  This sent Japanese stocks soaring and the Japanese yen plunging.  (But) wild money printing caused Zimbabwe’s stock market to skyrocket to unprecedented heights as well and that turned out very, very badly…

The Japanese are absolutely destroying the credibility of their currency … . … One reason is that it makes it easier to pay off debt.  The government debt to GDP ratio in Japan is approximately 250 percent at the moment, and the total debt to GDP ratio is approximately 600 percent. …

Essentially what the Japanese have done is to declare a currency war. … Nations like to devalue their currencies because it makes their products less expensive on the world stage. … And ultimately other nations start devaluing their currencies in an attempt to stay competitive. … For example, what the Bank of Japan just did is already having serious consequences for South Korean automakers

Read more It’s Currency War! – And Japan Has Fired The First Shot

Join the conversation at Tsu!

Advertisements

About icliks

Biding my time in central ms ... yours too, if ur reading this.
This entry was posted in Financial World, Pandemonium and tagged , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.