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

To: Robin Plunder who wrote (100060)	4/17/2013 2:09:15 PM
From: KyrosL	Respond to of 219423

I listened to the kyle bass video. What he says would have been true if Japan did not have its own fiat money, and if the entirety of its debt was not denominated in its own fiat currency. But since Japan does have its own currency, and since it has publicly announced it will print as much as it needs, I don't see a default problem. Just print baby, print. This may create inflation in the not too distant future though, and it will certainly make the yen fall relative to other currencies, unless they match Japan's printing. The one thing that does resonate from what Bass said is buy gold and short the yen. Although I would much rather prefer buying productive long lived assets in place of gold.