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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: t2 who wrote (5523)1/19/2004 9:32:46 PM
From: philv  Respond to of 110194
 
Where would the Yen be without intervention? Where would the Yen be without the enormous internal government make work projects? Why is it that we don't see the Japanese buying up real estate all over the world as before?

The Japanese government is pursuing the exact same monetary policy as the west. Print money, encourage borrowing (low interest rate), encourage spending, run budget deficits, run up taxes etc. Result is a devalued currency. At the expense of the savers of that nation.