Japan Launches QE8 as 20-year Slump Drags On!

• Let me assure you that it is QE to infinity and beyond worldwide. The FedRes, ECB, BOE and BOJ have launched currency wars, currency debasement using an innocuous term: Quantitative Easing (QE). To the laymen, the propaganda is pretty effective: it is all about saving the economy, increasing employment! This is psyop BS. If economic wealth can be generated by creating money out of thin air, I would be the first to shout for it. Create gobs of money out of thin air, US$1million for each man, woman, child and their pet dog. Abolish all taxes. If government need money, turn on the printing presses. The idea that economic growth can be generated by QE is nonsense the Illuminist banksters want you to believe in. It has never worked and will never work. The real objective is to bail out the banksters!
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• QE is counterfeiting of money! Japan has launched its QE8, why didn’t the first 7 QE worked? The world is heading towards a global currency meltdown ie. hyperinflation! All fiat currencies will go down the toilet bowl of currency debasement. The hard-working middle class, prudent savers will be screwed when they see their savings destroyed by hyperinflation! Got physical gold yet?
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  Japan launches QE8 as 20-year slump drags on! 
  By Ambrose Evans-Pritchard, http://www.telegraph.co.uk/ 
  Japan has launched an eighth round of quantitative easing to weaken the yen and cushion a slide back into recession.
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  The Bank of Japan (BoJ) is to buy a further 10 trillion yen (£79bn) of bonds, bringing the total accumulated so far in its battle against deflation to 80 trillion yen, or 20pc of Japanese GDP.
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  Jun Azumi, Japan’s finance minister, praised the bank’s “bold” efforts to hold down the yen, lending credence to suspicions that the real motive is to counter “beggar-thy-neighbour” currency devaluations by other powers and prevent the strong yen choking Japan’s export industry.
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  Yunosuke Ikeda, from Nomura, said the Bank of Japan had yielded to “immense political pressure” after months of criticism. Governor Masaaki Shirakawa is a champion of orthodoxy, a soulmate of Germany’s Jens Weidmann.
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  Mr Shirakawa stated on Wednesday – almost with regret – that Japan now has the “easiest monetary conditions” in the rich world. “I do not think that you could argue that the BoJ is less bold than the Fed,” he said.
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  David Rea, from Capital Economics, said attempts to weaken the yen are doomed to failure as Japan’s safe-haven role makes it a magnet for funds fleeing the unresolved crises in the rest of the world. He expects the yen to strengthen from 78 yen to the dollar to 70 yen by late next year. It was at 125 yen five years ago. China’s yuan is pegged to the dollar so Japan has suffered a dramatic loss of competitiveness against China.
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