Outrageous Positive Spin on Negative GDP – Ep 804
The Peter Schiff Show Podcast
00:00
Runaway Inflation in Japan
The bank of japan is trying to create inflation by printing more money than it can handle. They now have no way to get rid of the inflation, because if they raise rates to fight it, they cause a collapse based on the enormity of the debt. One loan dissenter didn't want to commit to unlimited yen printing to cap the yields and that sent the yen tumbling. This is a perfect example of why modern monetary theory does not work. Your seeing this experiment fail right before your eyes. At some point they are going to have to abandon this. All hell's going to break loose.
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