While the Japanese presses roll out the yen,and the government exchanges them for U.S. dollars, gold continues to drop along with the yen. All the while the Japanese are buying commodity/precious metal derivitives as well as the physicals, with the U.S. bucks.
When they have accumulated all the gold they can, and the price rises to $600, the profits should cover any bad loans held by Japanese banks. The yen will rise, commoditys will rise, confidence will rise.
A new yen will be issued, convertible at ? (100/1). backed by gold, this will become the Asian block currency, Japan , the Switzerland of Asia.( IMHO)
Yes, I know what people will think of this opinion! There are 2 phrases that come to mind. "you idiot" being in the majority.
but there is, one other possibility, "out of the mouth of babes", so here it is to kick around. |
