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“There Will Be Hyperinflation” Japanese Lawmaker Warns “Kuroda Got It Wrong” With NIRP

Goldhedge

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Passing on the info...

Posted February 23rd, 2016 at 2:53 PM (CST) by Jim Sinclair & filed under Jim's Mailbox.

Dear Jim/Bill,

I can’t fathom that an entire generation, throughout the world, has been duped into believing that all the excessive Central Bank money printing will not result in hyperinflation.

Everybody is now looking to see if anybody is moving toward the exit door. Once the first few head through it, the mass stampede out of fiat will occur, and a river of blood will follow.

From the looks of the gold market lately, we may have seen the beginning of this movement. Soros and Icahn have already slipped thru. Have you?



From what, $5 trillion in 2000 to over $19 trillion today… and no repercussions? People have been duped.

As God is our witness, inflation will come.

CIGA Wolfgang Rech

“There Will Be Hyperinflation” Japanese Lawmaker Warns “Kuroda Got It Wrong” With NIRP
Submitted by Tyler Durden on 02/22/2016 – 22:30

Following The Bank of Japan’s voyage into NIRP never-never-land, the market has sent a clear signal of its displeasure and now a growing number of Japanese officials (and former officials) are questioning Kuroda and Abe’s Peter-Pan-ic dream that ‘they’ can fly. Having called for sub-zero rates more than two decades ago, Takeshi Fujimaki, the Japanese banker turned opposition lawmaker, warns “The BOJ is trapped,” now that QQE efforts have flattened the yield curve, since “if the curve is steep, banks can make profits even at negative rates. It was a mistake to adopt negative rates after QQE.”

But it is Fujimaki’s parting comment that should have most concerned, “Japan has ballooning debt and the BOJ is financing debt, that’s the problem… it will bust and there will be hyperinflation.”

http://www.zerohedge.com/news/2016-...anese-lawmaker-warns-kuroda-got-it-wrong-nirp
 

nickndfl

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Right now China is in worse shape and they are buying yen. Look at the yen crossovers with other currencies. It has come all the way back from 125 to the $USD to <113. The yen is strengthening, not weakening. Jap debt is held by their own people so if it implodes it's all over themselves anyway.