• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Japan May Or May Not Mint Quadrillion Yen Coins, But It Will Monetize European Debt

Tyler Durden's picture


Just when we thought America would be alone in crossing into the montary twilight zone where so many Keynesian lunatics have gone before, and where trillion dollar platinum coins fall from the sky right onto the heads of all those who have not even the faintest understanding of money creation, here comes Japan:


For those who have forgotten, the E in ESM stands for European (the S for Stability), not Japanese (Stability). Otherwise it would be, er... well, JSM. Keynesian at that. But yes - Japan will now proceed to "stabilize" itself by monetizing European debt. Because its own JPY 1 quadrillion in debt was not enough.

As for a rehash of the old lunacy, which just like the OMT has driven the JPY much lower on nothing but innuendo and speculation, and will end the second the BOJ's plan is formalized, we get:


Of course, when the latest and greatest "invention" out of the soon to be annexed 4th branch of Japanese government fails, and this time is not different after all, Japan will shock everyone when it unveils to the world...


no seriously...

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Mon, 01/07/2013 - 23:07 | 3131589 Theta_Burn
Theta_Burn's picture

Pure brilliance..

"If I go, we all go"

Mon, 01/07/2013 - 23:09 | 3131595 ball-and-chain
ball-and-chain's picture

I refuse to make fun of Japan.

They are our true masters.

We've been following their lead for five years.

Debt.  Money printing.  Endless recession.  Deflation.


Mon, 01/07/2013 - 23:25 | 3131627 SafelyGraze
SafelyGraze's picture

dear banzai7: 

please to make rendering of trillion yen plutonium coinz

Mon, 01/07/2013 - 23:39 | 3131653 flacon
flacon's picture

I am killing myself daily with sharp knives but I never seem to die.... quick help me.... buy me some ESM bonds or I'll simply eJAPulate fiat all over this world and then it would be YOUR problem. 


Mon, 01/07/2013 - 23:40 | 3131656 Michaelwiseguy
Michaelwiseguy's picture

I don't think the mainstream media sheeple have ever seen anything like this;

Peirs Morgan Vs Alex Jones - The Gun Debate Round 1


Peirs Morgan Vs Alex Jones - The Great Gun Debate Round 2


Tue, 01/08/2013 - 00:18 | 3131757 withnmeans
withnmeans's picture

Wow, looks like Steve Lies-man does really read ZH.  Seems he gave everyone a down arrow, we must of got to him.

He's such a Baby !

Tue, 01/08/2013 - 01:26 | 3131932 fourchan
fourchan's picture

oh what a web they weave all in an effort to deceive.  that web is made of nothing but imagination.

Tue, 01/08/2013 - 08:26 | 3132323 GetZeeGold
GetZeeGold's picture



Repeat after me......NOT a ponzi.......not a ponzi.

Tue, 01/08/2013 - 02:49 | 3132069 Dr. Sandi
Dr. Sandi's picture

Hey Wiseboy.

Instead of sticking this link on every thread on ZH, why don't you stick it up your ass instead?

Mon, 01/07/2013 - 23:35 | 3131645 Anusocracy
Anusocracy's picture

Japan is a canary in a cat's mouth.


Tue, 01/08/2013 - 01:26 | 3131937 fourchan
fourchan's picture

lol acting like a cat. chomp.

Mon, 01/07/2013 - 23:41 | 3131655 Michaelwiseguy
Michaelwiseguy's picture


Tue, 01/08/2013 - 04:50 | 3132168 ricky2
ricky2's picture

"The forbidden fruit must be tasted!!!!"

Tue, 01/08/2013 - 09:22 | 3132415 Tursas
Tursas's picture

Conclusion: electrons in Japan's central bank cost less than in ECB!  Does ECB pay also interest for these electrons?

Tue, 01/08/2013 - 09:52 | 3132504 cosmyccowboy
cosmyccowboy's picture

the financial suicide bomber...

Tue, 01/08/2013 - 09:52 | 3132505 cosmyccowboy
cosmyccowboy's picture

the financial suicide bomber...

Mon, 01/07/2013 - 23:09 | 3131592 OrestesPenthilu...
OrestesPenthilusQuintard's picture

How can I get one?  All I need is one - set for LIFE!!

Mon, 01/07/2013 - 23:09 | 3131594 Mactheknife
Mactheknife's picture

Aso gives new meaning to the word "Kamakazi".   ROLL TIDE!

Mon, 01/07/2013 - 23:11 | 3131599 FL_Conservative
FL_Conservative's picture

If you're gonna go, go down in a big ball of flames.

Mon, 01/07/2013 - 23:13 | 3131601 williambanzai7
williambanzai7's picture

This is the spin cycle, where everything gets mixed up in an attempt to confuse fringe observers such as ourselves.

Aka, global debt circle jerk

Mon, 01/07/2013 - 23:54 | 3131675 SHEEPFUKKER

Apparently no difference now between Japanese banksters and Anglo banksters.

Mon, 01/07/2013 - 23:57 | 3131693 rehypothecator
rehypothecator's picture

More like a global debt nightly public circular ass fuck.  It's starting to become difficult to watch.  

Tue, 01/08/2013 - 01:09 | 3131886 Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

I'm so fucking cheering for the fucking trillion dollar coin...


it doesn't get more zimbabwe than that.  Let's pray they do it.

Tue, 01/08/2013 - 08:53 | 3132362 GetZeeGold
GetZeeGold's picture



At least the air would be backed by something.....hell.....it's a start I suppose.


Tue, 01/08/2013 - 09:17 | 3132403 boogerbently
boogerbently's picture

Eventually, as a novelty item, some collector would PAY the Trillion/Quadrillion for the coin.

Mon, 01/07/2013 - 23:13 | 3131602 LawsofPhysics
LawsofPhysics's picture

Roll tide, time to adjust the power ranking for the SEC, again. Georgia-Alabama was the championship game. How many red states in the SEC again?

Mon, 01/07/2013 - 23:22 | 3131621 nmewn
nmewn's picture

LMAO at yet another yankee team being completely embarrassed in prime time...lol.

Speed kills the most effectively ;-)

Mon, 01/07/2013 - 23:53 | 3131678 SHEEPFUKKER

Speed kills the most effectively ;-)


You're talking about HFT right?

Mon, 01/07/2013 - 23:56 | 3131688 Freddie
Freddie's picture

Bread and Circuses to distract the stupid sheep.  Keep watching Tv and Hollywood's shit - serfs.

Tue, 01/08/2013 - 00:40 | 3131797 otto skorzeny
otto skorzeny's picture

the mouth drooling southerners love negroes-as long as they're on the football field(and not fucking their daughters). it takes their minds off of their mind-numbing poverty and poor education system. plus-they get way more back from Uncle Sam than they put in so they can devote more time to dumb shit like watching football instead of working. Rah Rah Sis Boom Bah.

Tue, 01/08/2013 - 07:32 | 3132254 nmewn
nmewn's picture

Spoken like a good (and depressed) Catholic...lol.

Mon, 01/07/2013 - 23:28 | 3131603 Mr. Magoo
Mr. Magoo's picture

And then the truth comes out


Mon, 01/07/2013 - 23:15 | 3131606 NumberNone
NumberNone's picture

It' s my understanding that Monopoly will be taking over the creation of the Trillion $$ coin and all future currency.   The Monopoly game currency has actually become more valuable than US currency.  

Mon, 01/07/2013 - 23:16 | 3131609 zorba THE GREEK
zorba THE GREEK's picture

The patients are running the insane asylum.

Mon, 01/07/2013 - 23:19 | 3131613 chump666
chump666's picture


It's getting crazier by the second.

Mon, 01/07/2013 - 23:17 | 3131612 nmewn
nmewn's picture

Clearly when they start confusing their acronyms with calculus we've aleady crossed the rubicon.

Mon, 01/07/2013 - 23:24 | 3131624 Catflappo
Catflappo's picture

It sounds like they are creating the Japanese International Stability Mechanism.

I'm not sure if that's an acronym or not though?

Tue, 01/08/2013 - 01:27 | 3131940 lunaticfringe
lunaticfringe's picture

+2000. 1k for the nic, 1k for the acronym















Mon, 01/07/2013 - 23:20 | 3131616 wtf.gov
wtf.gov's picture

Hahaha, kamakazi monetary policy!! Can't.make.this.shit.up

Mon, 01/07/2013 - 23:24 | 3131622 Manthong
Manthong's picture

So when do the OMF purchases begin?

O in OMF stands for Outright  (the M and  F stand for..).  Well, you know.

Mon, 01/07/2013 - 23:28 | 3131633 Cdad
Cdad's picture

So...wait...what you're saying is...that Japan is so desperate to deflate their currency, they are threatening to buy worthless Euro bonds?  LOL!  Have at it then.

Good grief...who is left?

Mon, 01/07/2013 - 23:35 | 3131644 Stoploss
Stoploss's picture

The Japanese will be dying en mass pretty soon it would seem. 

Tue, 01/08/2013 - 02:53 | 3132079 Doña K
Doña K's picture

I am in a Tokyo suburb and today I was at the post office which in Japan is also a depository insitution. The line on the banking side was curriously very long. What I don't know is whether they were withdrawing, depositing or buying bonds. As you may know the wifes are holding the purse strings.  

I may have an answer tomorrow.

Tue, 01/08/2013 - 06:40 | 3132228 JamesBond
JamesBond's picture

last week I was at the bank near the kamata station and was exchanging dollars to yen.

i also saw long lines but it seemed they were making deposits not withdrawing.

ps  my wife was with me  :)

Wed, 01/09/2013 - 01:23 | 3135318 Doña K
Doña K's picture

What a coincidence! It had to be Nishi Kamata that's were soft bank is I think. 

Mon, 01/07/2013 - 23:32 | 3131638 pauhana
pauhana's picture

Wow!  This is brilliant!  What metal will they choose to mint the coins?   Let's hope that whatever they choose, it won't be radioactive.

Tue, 01/08/2013 - 02:52 | 3132075 Dr. Sandi
Dr. Sandi's picture

They should choose gold then. I understand that many of the other metals will become radioactive when exposed to radiation.

You don't want to have to repatriate a bunch of glowing coins when the American Occupation Force arrives to clean up what's left of Japan after the Fuckyshima incident has killed off the final Japanese citizen.

Mon, 01/07/2013 - 23:34 | 3131643 ReptilianSlaveMaster
ReptilianSlaveMaster's picture

Markets will all go up in a straight line from here on fake money, all who short will lose everything to inflation unless they buy gold

Mon, 01/07/2013 - 23:36 | 3131646 Catflappo
Catflappo's picture

International finance gets easier by the day.  How the hell did everyone miss this fiendishly simple fixes before?

Mon, 01/07/2013 - 23:37 | 3131651 tooriskytoinvest
tooriskytoinvest's picture

What Happen If U.S. Treasury Can Just Create A Trillion Dollar Coin Out of Thin Air



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