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Bank Of Japan Bond Holdings Rise Above ¥100 Trillion For First Time
It's a central bank world, and we are all just suckerfish attached to the Great Central Planning Whites, hoping for little scraps to trickle down as trillions (Yen-denominated) in bonds are monetized every day.
Below, we show the change in the BOJ balance sheet which for the first time ever just surpassed ¥100 trillion in bond holdings, increasing the various maturities of debt held from ¥91 trillion as of the end of February to ¥105 trillion as of right now. Putting this number in perspective, that is roughly one-tenth of the ¥1 quadrillion in total JGBs outstanding. Furthermore, with Japan GDP at around ¥480 trillion, the BOJ now holds over 20% of the country's GDP hostage (and rising very rapidly).
Finally, the ¥13.5 trillion ($135 billion) increase in security holdings - which included the first ever monetization of 40 Year bonds for a total of ¥45 billion - was a 15% increase in total holdings in the past quarter. Expect many more such quarterly increase.
... ¥1 quadrillion here, ¥1 quadrillion there - soon we are talking a Kroogol (the imaginary amount of stimulus that would satisfy even Keynesian voodoo shaman Paul Krugman).
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Kroogol; that's brilliant. That will soon be the price of bread.
It's a simple group:
http://en.wikipedia.org/wiki/Monster_group
;-)
it's a central bank world in an off center economy
Debt to Infinity - And Beyond!
TBTGAF - To Big To Give A Fuck
Has anyone seen Evil Dr. Porkchop and Evil Dr. Bernanke together? Just saying.
...toast on a stick....
Don't fucking stop there, we still have a bunch more 'tillions' to go through!
Quadrillion has 15 zeros
Quintillion has 18 zeros
Sextillion has 21 zeros
Septillion has 24 zeros
Octillion has 27 zeros
Nonillion has 30 zeros
Decillion has 33 zeros
Undecillion has 36 zeros
Duodecillion has 39 zeros
Tredecillion has 42 zeros
Quattuordecillion has 45 zeros
Quindecillion has 48 zeros
Sexdecillion has 51 zeros
Septendecillion has 54 zeros
Octodecillion has 57 zeros
Novemdecillion has 60 zeros
Vigintillion has 63 zeros
Googol has 100 zeros.
Centillion has 303 zeros (except in Britain, where it has 600 zeros)
Thumbs up just for the sheer effort here.
That... was a cut and paste, sorta like Ben Bernanke market pumps..
Nevertheless.
Upvote.
I don't know about you, but I like Sexdecillion. Isn't that a place where Keynesians go after they die and there they have Keynesian orgies and such with virgin Keynesians.
Seeing as Keynes was gay I don't think I want to end up any place he'd be hosting Orgies.
Countries with more experience in hyperinflation both in europe and south america have a better numerical naming system. In EU and southamerica in billon is equivalent to the US trillion or 10 ^12, a trillon is 10^18 and so on...
With that much money I have to change my password....make it more secure
Who gives a shit what Britain thinks? They couldn't scrape together a mere Centillion to save their lives. Or their teeth.
Centillion Plex x kroogol plex squared = new world disorder
Give the old system to the central bankers and lets start a new one. We already have a good start with cash only and bitcoin services and products. The black markets are growing around the world. Just say no to Central Banksters.
During the depression of the '30's folks who lost everything and couldn't find work were desperate as a rat in a flushing toilet. There's a bit of that creeping back in today as we continue to witness this 'wealth redistribution' from the middle class to the 2%'ers. In those days unions were spawned. Today, armies will be, but the drones will cut us down - and the Napolitano hollow points.
Come now, be optimistic. If Napolitano's "forces" are anything like the TSA, your chances are very good. Just make sure your quipment is compatable with those hollow points.
So, once we come up with the Quintillion dollar note, I'm wondering if they will use scientific notation to denote the value of the bill.. 1ee+1242.. In fact they could just use the number of zeros to denote price..
I already wrote about this, brief repeat. They will change the name of the fiat. 1 peso of today is worth 10 quintillion pesos of 1969 in Argentina...
We can just call it the "Quint". You know, like a sawbuck.
That is a whole lot of paper promises. See what happens when you don't hold people/corporations accountable? How much longer can this continue until the supply lines break and the world goes to war in earnest? That is the Vigintillion yen question.
A hundred trillion here a hundred trillion there, and soon you are talking about real money....that is unless you are talking about gold of course. The Bernank says it's not money. All hail the Bernank.
I just want to hear the word Sextillion, go go Japan you can do it!
In his own "Eureka" moment Dr. Kroog exclaimed at his workstation "I've found it! The greatest number ever discovered. A number that dwarfs infinity! I think I'll call it MOAR."
that would make him a moaron then i guess.
I say something goes pop before we get all those zeros this time.
It looks like for every 100 points in the dow we get a 1bp drop in the ten year. So if we can calmly shake off 4,000 points we can get the 10yr back to 1.7% and get this revovery back on track.
exactly. Don't forget, the supply of treasuries may also become a problem. so many rocks and hard places about. Unintended consequences galore!
What would the calc be for a 10k drop, which I think is going to happen inevitably?
LOL
I need a bigger napkin.
and just to irritate everyone I agree with BB...gold is not money (it is a wealth asset) and the CBs do hold gold as a tradition....Ron Paul asked him why don't they hold diamonds instead of gold (it was this question to which he answered 'I guess it is tradition').
otherwise have a great day....
This is really going against the laws of nature since even Mother Nature must resign herself to making something out of some other thing. To create something out of nothing belongs to the gods and mysterious forces of nature beyond our comprehension. At last check, I believe that bankers still do shit and still do have to wipe their asses.....
TRUST....it all falls apart when they lose the TRUST of the fiat....that is all..will it be the Japanese people first..or other countries shying away....trade settlements in what???? GOLD will be better
I'd rather stick with Quatloos after we surpass quadrillion.
If I did the math correctly that about 100million yen/person. Or about $1million US/person. Yup, that'll be paid off in no time.