Japan May Or May Not Mint Quadrillion Yen Coins, But It Will Monetize European Debt
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:
- ASO: JAPAN TO BUY ESM BONDS
- ASO SAYS JAPAN TO BUY ESM BONDS USING FOREIGN EXCHANGE RESERVES
- ASO: ESM PURCHASES WILL HELP TO STABILIZE YEN
- JAPANESE FINANCE MINISTER ASO SPEAKS TO REPORTERS IN TOKYO
- ASO SAYS AMOUNT OF JAPAN’S ESM BOND BUYS UNDECIDED
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:
- ASO WANTS STATEMENT ON BOJ, GOVT COOPERATION
- AMARI SAYS GOVT, BOJ TO COOPERATE ON PRICE TARGET
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...
- THE QUADRILLION YEN GLOW IN THE DARK COIN
no seriously...
(11 votes)
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Pure brilliance..
"If I go, we all go"
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.
http://www.angrysinner.blogspot.kr/2013/01/saturday_7.html
dear banzai7:
please to make rendering of trillion yen plutonium coinz
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.
I don't think the mainstream media sheeple have ever seen anything like this;
Peirs Morgan Vs Alex Jones - The Gun Debate Round 1
http://www.youtube.com/watch?v=fEbBM4DG9V0&feature=youtu.be
Peirs Morgan Vs Alex Jones - The Great Gun Debate Round 2
http://www.youtube.com/watch?v=JAnKOMex_eQ&feature=youtu.be
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 !
oh what a web they weave all in an effort to deceive. that web is made of nothing but imagination.
Repeat after me......NOT a ponzi.......not a ponzi.
Imagination, the greatest nation of all!
Hey Wiseboy.
Instead of sticking this link on every thread on ZH, why don't you stick it up your ass instead?
Japan is a canary in a cat's mouth.
lol acting like a cat. chomp.
.
"The forbidden fruit must be tasted!!!!"
Conclusion: electrons in Japan's central bank cost less than in ECB! Does ECB pay also interest for these electrons?
the financial suicide bomber...
the financial suicide bomber...
How can I get one? All I need is one - set for LIFE!!
Aso gives new meaning to the word "Kamakazi". ROLL TIDE!
If you're gonna go, go down in a big ball of flames.
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
Apparently no difference now between Japanese banksters and Anglo banksters.
More like a global debt nightly public circular ass fuck. It's starting to become difficult to watch.
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.
At least the air would be backed by something.....hell.....it's a start I suppose.
Eventually, as a novelty item, some collector would PAY the Trillion/Quadrillion for the coin.
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?
LMAO at yet another yankee team being completely embarrassed in prime time...lol.
Speed kills the most effectively ;-)
Speed kills the most effectively ;-)
You're talking about HFT right?
Bread and Circuses to distract the stupid sheep. Keep watching Tv and Hollywood's shit - serfs.
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.
Spoken like a good (and depressed) Catholic...lol.
And then the truth comes out
http://www.youtube.com/watch?v=1z-AxgueBRk
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.
The patients are running the insane asylum.
YES!
It's getting crazier by the second.
Clearly when they start confusing their acronyms with calculus we've aleady crossed the rubicon.
It sounds like they are creating the Japanese International Stability Mechanism.
I'm not sure if that's an acronym or not though?
+2000. 1k for the nic, 1k for the acronym
Hahaha, kamakazi monetary policy!! Can't.make.this.shit.up
So when do the OMF purchases begin?
O in OMF stands for Outright (the M and F stand for..). Well, you know.
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?
The Japanese will be dying en mass pretty soon it would seem.
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.
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 :)
What a coincidence! It had to be Nishi Kamata that's were soft bank is I think.
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.
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.
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
International finance gets easier by the day. How the hell did everyone miss this fiendishly simple fixes before?