Banking Insider "V": The Japanese have Lost Control of Their Bond Market ! The Next Global Meltdown!
[youtube=http://www.youtube.com/watch?v=6tsvJvAP-yE]
- Banking insider: The Japanese have lost control of their bond market!
by Kenneth Schortgen Jr, http://www.examiner.com/
On May 24, a financial analyst and former head trader at the Royal Bank of Scotland spoke on the Hagmann and Hagmann Report regarding the current state of the global economy. Known in the public sphere under the pseudonym of ‘V‘, and labeling himself the Guerrilla Economist, this high level insider stated that the Japanese have completely lost control over their bond market, and the threat for a collapse of the Nikkei equities market is very likely.
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V: I basically just got this hot off the press, and hot from the board rooms over here. The Japanese, and this is official… I’m going out on a limb saying this, and you can take it for all it’s worth… the Japanese have lost control of their bond market.
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Doug Hagmann: V, for financial neophytes like me, what does that mean?
V: What that simply means is… see the stock market has been rising in Japan, as well as over here because of bond prices. We’re in a very unique environment where, if the bond market goes bust, you’re going to see the Nikkei go bust with it, as well as real estate.
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That also coincides with us. The collapse that is going to occur here, is going to be a trifecta of bonds, stocks, and real estate combined. So when the Japanese have lost control of their bond market, and the yields are getting higher and higher, and the interest rates are starting to climb on it, nobody’s buying it. So right now, the Bank of Japan has ordered all the public pension funds to begin to buy the Japanese debt. – V, Hagmann and Hagmann Report, May 24
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The Guerrilla Economist, along with a select few analyst/forecasters who foresaw Japan as being the catalyst for the next global meltdown, predicted the current storm in Japan going back to January of this year. In fact, the roller coaster ride the world experienced in the entirety of Japanese markets this last week not only validates that volatility is out of control for Japanese financiers, but the continuous and fruitless attempts by finance ministers to correct the market chaos through QE and outright halting of their financial systems did little to satisfy investors.
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On Friday, BNP Paribas issued a similar warning as the Guerrilla Economist, only not going so far as to confirm that the Japanese bond market was out of control for the government, and central banks. BNP’s focus was on the massive Japanese debt, and what a bond collapse would do for interest rates, and the inability of Japan to deal with that debt once rates begin to skyrocket.
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