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Politics : Stockman Scott's Political Debate Porch

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To: lurqer who wrote (10945)1/1/2003 9:08:43 AM
From: Jim Willie CB  Read Replies (2) of 89467
 
as Japan's climax approaches, repatriation becomes greater
and what they bring home and liquidate will increasingly be USTBonds
this has been an annual refrain, offering scare to US investors
but each year its likelihood grows
Japan's banking system is utterly dead kaput deceased

Bank of Japan Monetization efforts have focused in the last several months on adding liquidity to Japan banks by means of purchasing the large banks' stock equity shares
this is done purely with printed yen currency
this is done purely to fund the dead banks again
has anyone noticed that Nikkei index is still dead in water?
and at same time, Japanese economy is still in decline?

SO WHAT CAN WE EXPECT FROM FED MONETIZATION EFFORTS ???
SAME RESULTS... GULPS OF AIR FROM A DROWNING MAN AT SEA !!!


in 1995 I made more money in JYen futures than anything I touched
I admit that I lost it in bonds, gold, soybeans, etc
but I made it hand over fist in JYen each and every quarter for over a year
the Jan thru March period is colossal for JYen repatriation
and in April the effect dies on the vine
this year should be big
last year brought the weakening of the USDollar off its peak

/ jim
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