Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (96252)	11/5/2012 7:42:30 AM
From: TobagoJack	2 Recommendations Read Replies (1) \| Respond to of 218826

I have some good news, that as long as the central bankers live w/i the societies over which the paper money they rule, the pretense of independence is thin. I clip n paste Subject: Zervos On BOJ Decision, Losing Independence - Business Insider businessinsider.com Accompanying the depressing standard BoJ statement on 30-Oct was this very curious additional release - boj.or.jp. Here we have the BoJ governor, the Minister of Finance and the Minister of State for Economic and Fiscal Policy jointly issuing a press release on the BoJ website entitled - "Measures Aimed at Overcoming Deflation". A press release of this kind is completely unprecedented. And it was published in the "Monetary Policy Releases" section of the BoJ website. So here we have two executive branch government ministers issuing declarations on the monetary policy portion of the BoJ website regarding price stability. Can anyone imagine if Tim Geithner, Ben Bernanke and Hillary Clinton were to issue a joint statement on fighting deflation that was in turn prominently displayed under in the monetary policy section of the Fed's website? It would be mutiny! The executive branch politicians in Japan have, for the first time ever, infiltrated the mother ship. BoJ independence is now under explicit political attack. This should be a warning to all central bankers with "sound money" religion - if you don't let the inflation dogs out and crank up the printing presses as the economy deteriorates, the politicians will come and shut you down. What we are witnessing is the beginning of the end for independent Japanese monetary policy. Read more: businessinsider.com