tag:blogger.com,1999:blog-6399730406480392183.post826449889472870682..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: Why The Fed Must End QEA Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6399730406480392183.post-41361907936409499662014-08-24T10:06:00.064-03:002014-08-24T10:06:00.064-03:00The writing is on the wall. Japan is facing a wall... The writing is on the wall. Japan is facing a wall of debt that can only be addressed by printing more money and debasing their currency. This means paying off their debt with worthless yen where possible and in many cases defaulting on promises made. Japan's public debt, which stands at around 230% of its GDP and is the highest in the industrialized world.<br /><br /> The moment the Japaneses stock market fails to rise enough to offset inflation this will turn into a tsunami of money fleeing Japan and constitute the end of the line for those left holding both JGBs and the yen. This has been a long time coming and I contend the cross-border flow of money leaving Japan is why some stock markets have remained so resilient . When Japan crumbles it will be felt across the world. More on this subject in the article below.<br /><br /> http://brucewilds.blogspot.com/2014/05/japan-sliding-towards-abyss.html<br /><br />Bruce Wildshttps://www.blogger.com/profile/10181323607060607040noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-91405421548913728342014-08-22T13:20:58.305-03:002014-08-22T13:20:58.305-03:00Well I think alot of Japans problem is because the...Well I think alot of Japans problem is because the US consumer has little money to spend on the products that Japan exports. The average age of vehicles on America’s roads has hit an all-time high of 11.4 years, you only need one or two TV per 10-15 years. Most other electronics are made in China. What else does Japan export? Plus you can pump all the money you want into the system but if its not making its way to Joe sixpack its not going to get Joe sixpack to go out and piss his hard earned money on nonessentials.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-32501552002000767502014-08-22T10:10:30.533-03:002014-08-22T10:10:30.533-03:00I fear we have been lulled into complacency by the...I fear we have been lulled into complacency by the extraordinary actions taken by central banks and governments over the last six years. It is important that we ask ourselves have these actions really worked or merely masked over major flaws and problems? For fun consider that by not demanding the right kind of growth and by throwing money at problems we have only delayed and added to festering issues that face us in the future.<br /><br />Modern Monetary Theory often referred to as MMT to its many believers removes much of the risk ahead and guarantees that we will always be able to muddle forward. MMT is an economic theory that details the procedures and consequences of using government-issued tokens and our current units of fiat money. Newly acquired tools like derivatives and currency swaps are suppose to allow us to print and manipulate away problems. What I'm seeing develop is an "almost surreal" feeling of indifference towards reality. More on this subject and the fatal flaw in MMT below.<br /><br /> http://brucewilds.blogspot.com/2014/01/have-we-been-lulled-into-complacency.htmlBruce Wildshttps://www.blogger.com/profile/10181323607060607040noreply@blogger.com