The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (3669)	12/19/2003 11:23:04 PM
From: philv	Read Replies (1) of 110194

" ``The government needs to send a clear signal it can keep selling yen, no matter how much is needed,''" Japan is seeking 40 trillion yen (372 Billion dollars) to weaken their currency (buy US paper). quote.bloomberg.com The Japanese are the world's greatest savers, while their government spends and spends. But why not. They too have a money printing machine. So, why not simply print yen and buy the printed dollar? There can be no end to this game. As a matter of fact, they could perhaps compete with each other. Whoever can print the first 1000 trillion wins. This arrangement is great. Print lots of yen, thereby debasing your own currency, and buy US paper, further debasing your currency while propping up the US dollar. Can it really be that simple? I wonder what Bernanke would say.

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