tyb
faggit breadshitter
drove 3 hours each way to see him NAS El Centro.
Worth every minute. got a point out too-kek flag
Ex-BOJ Chief Regrets Not Hiking, Hated QE, Says Sub-1% Interest Rates Don't Work
Japan is set to "re-embrace the power of public spending" - because apparently the country with the world record setting 250% debt/GDP somehow did not embrace public spending before - with one of its biggest ever stimulus packages.
That’s good news for the Bank of Japan, which has "appeared" (but only appeared, because it now owns so many of Japan's ETFs it has to start lending them out to prevent a market freeze) reluctant to ramp up its own massive stimulus program, as it strains at the limits of effectiveness.
As a result, in less than a month, expectations in Japan for a "modest" stimulus package with a face value of ¥5 trillion ($46 billion) have quadrupled to ¥20 trillion, despite having the developed world’s largest public debt load. And there is much more to come. Putting this in context, even a "modest" ¥10 trillion in fresh fiscal stimulus would still make it Japan’s biggest package since extra budgets were drafted to deal with the widespread destruction from the 2011 mega-quake and tsunami, and the emergency spending that followed the 2008 global financial crisis.
The biggest irony of all - the recent sales tax hike, which was meant to put Japan's debt on a more credible footing - is just that scapegoat the Abe administration needs to launch a fresh stimulus ensuring a surge in Japan's debt.
Of course, by now nobody believes that massive debt injections can help Japan - if that was the case, its 250% debt/GDP would have long ago made Japan the world's best performing economy.
Meanwhile, some economists - but certainly not the majority - wonder if extra spending equivalent to 1.8% of Japan’s GDP would actually be cost-effective. Given a labor shortage in the construction sector, extra public works spending would simply reduce the availability of scarce workers for the private sector, crimping output there. Meanwhile, the latest Japanese employment data reports of a perplexing picture: Japan's labor force is soaring as increasingly more elderly women enter the workforce. As Japan reported last night, the number of female workers rose by 150,000, marking the third straight monthly uptick, driven by increases for females aged 55-64 (+140,000) and 65 and over (+30,000). The total number of female workers reached another record-high of 30.18 million.
“Japan is the easiest place in the developed world to increase spending,” said Masamichi Adachi, chief Japan economist at UBS Securities Co. "Politicians love it and they’ve probably gotten tired of all the warnings of a debt crisis that hasn’t actually happened over the last decade."
Yet even though both the IMF and ECB are now urging everyone to rush into the warm, terminal embrace of MMT - i.e., helicopter money, i.e., direct debt monetization - not everyone has lost their minds. Former deputy Prime Minister Katsuya Okada, now a member of the opposition, says that the loosening fiscal stance of politicians among both the ruling and opposition camps is alarming.
“I’m very concerned about this emerging mood that there’s no need to address our spending and revenue,” Okada said. “There’s no doubt that Modern Monetary Theory has given some politicians the feeling of a sort of endorsement for more spending. But a frog in lukewarm water will end up boiled if the temperature keeps rising.”
And speaking of warnings about boiling frogs, nobody is better suited to give on than former BOJ governor, Toshihiko Fukui, who presided over the Bank of Japan from 2003 to 2008, and who according to newly released documents resisted engaging in more QE at the time, and also regretted raising interest rates faster.
Fukui - who left office in March 2008 when the U.S. subprime mortgage crisis was rippling through the American economy - felt a need "to avoid the risk that the threshold to fiscal policy became too low" if the Bank of Japan held too much long-term government debt, he told BOJ researchers during interviews held in 2016 to 2017. Of course, with the BOJ now holding over 100% of total debt they have no credibility on the fiscal responsibility argument.
As the Nikkei reports, under current current BOJ head Kuroda, the bank's purchases of government bonds peaked at 80 trillion yen ($730 billion) a year. They have since fallen to around 20 trillion yen a year but remain far higher than the level that prompted Fukui's misgivings.
https://www.zerohedge.com/markets/ex-boj-chief-regrets-not-hiking-hated-qe-says-sub-1-interest-rates-dont-work
the BOJ owns upwards of 50% of the entire equity/bond mkt(s) and is a top 10 shareholder in 90% of japanese stocks/ETF's.
confirm. Both things habbened to wife and I. I am a permanent mail R voter now-that shit not stopping me-and spouse re-registered as a dem, by them, on an address change.
not directly as the Federal Reserve is owned by the big banks.
back again with this?
wouldn't be "hiking" with mine…
over the years it has morphed into a non-liquid set of "shares"-distributed amongst said banking 'tutes that is not able to be traded on any exchange unless you get direct authorization from the FRB. You would never hear about it either.
THE SCHIFF CONNECTION
Remember the Schiff family? In the first article I explained that they shared a residency in Frankfort, forever binding the two families. The Schiffs became Rothschild agents, and like most agents of the Rothschilds they eventually became very rich and powerful. The most prominent of the Schiffs was Jacob Henry Schiff. Jacob was born in Frankfort in 1847, and was sent by the Rothschild/Schiff network to America to make his fortune (Much like the Astors sent John Jacob Astor). Jacob Schiff arrived in New York in 1865. Ten years later he became the partner of the Illuminati firm Kuhn, Loeb & Company. Ten years after that he became Its president. Directing Rothschild and Illuminati affairs from this seat of authority. Jacob Schiff was also on the board of directors of Central Trust Company, Western Union. and Wells Fargo Company. Uke most elite, he gave vast amounts of money to charity. Philanthropy pays off in a big way to the ruling class.
http://www.lovethetruth.com/books/13_bloodlines/rothschild_03.htm
fairly certain this was gone over in late 2017-confimred and in the catalog.
been a long ride.
>>7394998, >>7395013, >>7395017 a Schiff connection to federal reserve
And then there is Peter Schiff. Always had doubts about his sincerity.
Peter Schiff -well connected with the globalists, the world richest bankers and gold brokers Rothschild
Peter promotes a new global currency based on a gold standard, backed with Rothschild's gold. Peter Schiff is a crown agent pretending to be middle class.
The US dollar is the strongest currency in the world. It can't crash without a conspiracy.
It's totally impossible.
Peter Schiff is a co conspirator with the Rothschild's and the ruling elite.
Text: Carl Grinde Date: August 30 2011
Text also shared from linked pages
Uppdated August 30 2011
Peter Schiff wants to be a member of the U.S. Senate. Before you embrace him you should take a look on the history behind him - year 1867 Kuhn, Loeb & Co.
http://schiffforsenate.com Oh what happened to your schiffforsenate page Peter?
Maybe Schiff for senate was to direct? …It´s gotta come from the people of course :)
Oh there you go, radio. http://www.schiffradio.com
Yeah thats something for you. You are so Underground Peter. Broadcasting radio like a real alternative hard struggling guy. Oh help the students to buy tehir gold Peter. Do it!
Here is peters gold broker company Europac. Chief Global Strategist he calls himself.
Global corporations will soon destroy America and the U.S. dollar.
He predicted the economic crisis. Do you know how he could be so right? He works for the French-British-German Rothschild banking family that controls the Federal reserve and has benefited from the dollar and the U.S. debt in all years.
Now they think it´s time to destroy the value of the dollar and start from scratch with another world currency, the Amero backed by gold and silver.
The backgrounds of the Federal Reserve system, Morgan chase, the Warburgs etc all emanates from Kuhn, Loeb & Co, an investment bank founded 1867 by Abraham Kuhn and Solomon Loeb. Under Jacob Schiff’s leadership It became one of the most powerful investment houses in the United States. The N.M Rothschild group owns all banking industry today including the Federal Reserve system.
Peter Schiff pretends to fight against the corrupt system and the very richest
In reality he is well connected to the very richest and working for them, the Rothschild banking family. They will first crush the dollar and establish a new global currency backed by a goldstandard (also silver).
The comming global currency is backed by gold and silver. The Rothschild have been in control of the gold indystry for hundreds of years, controlling its price and handling the gold business from the top.
John M. Schiff, investment banker dies 82 years old. He was a philanthropist and last of the senior partners of Kuhn, Loeb & Company,
http://www.nytimes.com/1987/05/10/obituaries/john-schiff-a-philanthropist-and-investment-banker-dies.html?pagewanted=1
Dorothy Schiff, owner of The New York Post
http://www.nytimes.com/1989/08/31/obituaries/
dorothy-schiff-86-ex-post-owner-dies.html?pagewanted=all
Peter Schiff is being cut off. That´s a good one! Ohh the politicians and the media are so scared of this new guy from nowhere so they just cut him off..
Not exactly the truth, they are just playing us. It´s almost last in the video.
Background history
For many years the Schiffs shared ownership of a two-family house with the Rothschilds in Frankfurt, Germany. Rothschild is the worlds richest family.
The two families have been partners since then. One of Peter Schiffs investment consultants Marlon Varsace, has a backround from Oppenheimer, leading investment bank and maybe largest media owner in the world.
http://www.carlg.org/engpeterschiff.html
one the best weeks EVER!!!!