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:

  • 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...

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Theta_Burn's picture

Pure brilliance..

"If I go, we all go"

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.

http://www.angrysinner.blogspot.kr/2013/01/saturday_7.html

SafelyGraze's picture

dear banzai7: 

please to make rendering of trillion yen plutonium coinz

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. 

 

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

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

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 !

fourchan's picture

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

GetZeeGold's picture

 

 

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

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?

Anusocracy's picture

Japan is a canary in a cat's mouth.

 

fourchan's picture

lol acting like a cat. chomp.

ricky2's picture

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

Tursas's picture

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

cosmyccowboy's picture

the financial suicide bomber...

cosmyccowboy's picture

the financial suicide bomber...

OrestesPenthilusQuintard's picture

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

Mactheknife's picture

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

FL_Conservative's picture

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

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

SHEEPFUKKER's picture

Apparently no difference now between Japanese banksters and Anglo banksters.

rehypothecator's picture

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

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.

GetZeeGold's picture

 

 

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

 

boogerbently's picture

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

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?

nmewn's picture

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

Speed kills the most effectively ;-)

SHEEPFUKKER's picture

Speed kills the most effectively ;-)

 

You're talking about HFT right?

Freddie's picture

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

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.

nmewn's picture

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

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.  

zorba THE GREEK's picture

The patients are running the insane asylum.

chump666's picture

YES! 

It's getting crazier by the second.

nmewn's picture

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

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?

lunaticfringe's picture

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

wtf.gov's picture

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

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.

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?

Stoploss's picture

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

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.

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  :)

Doña K's picture

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

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.

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.

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

Catflappo's picture

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

tooriskytoinvest's picture

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

http://investmentwatchblog.com/what-happen-if-u-s-treasury-can-just-crea...