Something Big Is Coming: Bernanke To “Secretly” Meet With Kuroda; “Helicopter Money” On The Agenda

[youtube=https://www.youtube.com/watch?v=eaYm08IzIp4]

• Something Big Is Coming: Bernanke To “Secretly” Meet With Kuroda; “Helicopter Money” On The Agenda
  by Tyler Durden, www.zerohedge.com 
  Two years after Paul Krugman sat down with Abe to tell him how to run monetary (and to a lesser extent fiscal) policy, Abenomics lies crushed in a steaming pile of discredited Keynesian economics, with the “deflation monster” once again ruling the land, wages have failed to sustain any material move higher, the economy finds itself in yet another pre-recessionary slump, and most importantly, the Nikkei has plunged 25% from recent highs as a result of the surge in the Yen driven by the complete collapse in BOJ credibility – which is now a ward of the G-7 and is not allowed to make any independent monetary decisions without US Treasury preapproval – which has pushed Japan’s currency back to levels higher than when Krugman made his visit.
  –
  So what is Japan to do facing what may be an economic dead-end? Why even more of the same, and just to make sure Japan does not deviate from the monetary course of righteousness, this time not Krugman but the godfather of everything that is wrong with modern monetary policy, Ben Bernanke, will make sure of it.
  –
  But first, to give the impression that Japan’s decision making process is still “independent”, officials from the Ministry of Finance, Financial Services Agency and the Bank of Japan will meet Friday at 9:30 a.m. to exchange views including on how the government should respond to the yen’s appreciation, Reuters reports.
  –
  read more.

end