“The unprecedented increase in ‘quantitative and qualitative monetary stimulus’ announced Friday, October 31, by Bank of Japan governor Kuroda Haruhiko is one of the most risky, if not reckless, and possibly disastrous actions in the history of world central banking. Japan is now conducting ‘a laboratory experiment’ and ‘Governor Kuroda’s monetary experiment has in effect morphed into a strategy of devaluation plus financial repression.’ [..] ‘it is well known that Prime Minister Shinzo Abe, who keeps a stock monitor in his offices, sees rising stock prices as critical to voter confidence in Abenomics and hence his own approval ratings.'”
Related posts:
Pepe Escobar: Al-Qaeda to the rescue
Judge Napolitano: Detroit's Obamacare Bailout To Backfire
How did America’s police become a military force on the streets?
Inventor still battling U.S. over patents from '70s
Drones For Safe Passage? 'Why Not?' Ald. Cardenas Asks
Hope mixes with fear as Egyptian army prepares to overthrow Morsi
Bay Area city approves $13 minimum wage, to be California’s highest
5 Myths Used to Justify Death By Drone and America's Assassination Policy
City Wants Power to "Disarm Individuals" During Crisis
Two Thirds of Americans Support Drones for ‘Homeland Security’ Missions
How Goes the Global War on Terror?
FBI: We Were Not Investigating Michael Hastings
Peter Schiff: Tapering the Taper Talk
Ron Paul w/ Alex Jones 8-6-2013
The Startup Yahoo Won't Be Buying