Japan Mulls Monetization of Debt & 30 Percent Devaluation of Yen

Stacy Summary:  h/t @Mongo.  Oh boy, beggar thy neighbor moves into high gear.  Mind you, Japan has been trying this for years.  Hasn’t worked yet.

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115 Responses to Japan Mulls Monetization of Debt & 30 Percent Devaluation of Yen

  1. this is a better link for revaluation story (I hope)
    http://www.ft.com/cms/s/0/836e3e1c-47a4-11df-a4a6-00144feab49a.html

  2. @ Max or anyone
    I have thought of an Innovative Idea for cars how does one go about getting in touch with say BMW ????

  3. Tear stupid sites BMW, Mercs are all about temselves cant contact tem well I’ll try and shoot a mail to the R&D head

  4. Marc Authier

    Bankruptcy by any other name in sum. The archipel is busted. Kaput.

  5. Marc Authier

    The archipel is Greece. Sorry. The island is busted. Greece should do the same thing instead of buying time for a plan that will end up a huge fiasco. Liquidate Greece like Japan.

  6. Marc Authier

    1929 scenario indeed. It’s like the 30′s. And peple that still don’t get it, will have their heads handed to them on a silver plate. Sliced and minced in hamburger steak. Big Mac anyone ?

  7. @Marc,….Stacy said,..can you stop hogging the comment board !

    : – 0

  8. Nothings gonna help until they reintroduce capital controls.

  9. Always makes me laugh when Governments use nominal inflation rates,..
    Bit like the old marketing ploy,..
    99 % less fat,..
    Ah well,..if it ain’t broke,.don’t fix it!!

  10. A rigged derby of one trick ponies..

  11. FiatMentalist

    Some hard core racing to the bottom

    http://www.youtube.com/watch?v=uSVfWT8hBeU

  12. Sorry for the OT, but this is unfuckingbeleivable

    Election 2012: Barack Obama 42%, Ron Paul 41%

    Pit maverick Republican Congressman Ron Paul against President Obama in a hypothetical 2012 election match-up, and the race is – virtually dead even.

    A new Rasmussen Reports national telephone survey of likely voters finds Obama with 42% support and Paul with 41% of the vote. Eleven percent (11%) prefer some other candidate, and six percent (6%) are undecided.

    http://www.rasmussenreports.com/public_content/politics/elections2/election_2012/election_2012_barack_obama_42_ron_paul_41

  13. Dani Rodrik, professor at Harvard’s Kennedy School of Government, said: “This is as close as an institution can come to saying: ‘sorry, we messed up.’”

    The Fund came under fire in the late 1990s, after economists concluded that its advice to many of the countries in the Asian financial crisis, including removing capital barriers, had in fact served to worsen their ordeal.

    All these mistakes that are made seem to be quite serendipitous to “THE” Agenda,..shucks
    Could anyone on this forum make a list of all the “coincidences” that have happened to make it so !
    If I did the lottery,.I would definitely get these guy/gals to pick my ticket!

  14. @Dedo
    “Do you think the Polish incident was a message for other leaders who don’t comply ?”

    Both the Americans, Nato and the Russians had reasons to get rid of them. Tarpley said that why should the Americans have done it since they are at the end of their reign not at the beginning. Good point.

    Webster Tarpley Breaks Down Mysterious Polish President Kaczynski’s Death on Alex Jones Tv 1/2 http://www.youtube.com/watch?v=lxLMF8rVdbk

    Webster Tarpley Breaks Down Mysterious Polish President Kaczynski’s Death on Alex Jones Tv 2/2 http://www.youtube.com/watch?v=B-PlHtOhFvg

    Gunshots heard at Polish Plane Crash Site-Shocking Footage http://www.youtube.com/watch?v=HX6ztLe4QLY

    So, I frankly donnow but at this point I think it could be the Russians but that’s highly speculative.

  15. http://maxkeiserdotcomingreek.blogspot.com/2010/04/maxkeisercom-hollywood.html
    in Greek I have no idea what I blogged about
    lololololololol
    ROFL
    Hic ;-)
    Bonn

  16. Phil/G
    in case you are reading this, please please come back. You are missed. Pleeeaase.

  17. William of the North

    Polish Plane Crash.

    From what I’ve read, it’s a typical plane crash. A chain of simple mistakes that in the end in disaster. Apparently the pilot had been ridiculed for diverting to alternate airports in the past. This would have put even more pressure on him to land at this “extremely important event”. Which may be why he made 4 attempts to get in there.

    The approach was a non-precision approach, which means no glide-slope to follow, and higher landing minimums. (The amount you could descend safely to acquire visual contact with the runway before proceeding to land visually at the air field.)

    On each failed approach, I’m betting he went lower on each attempt (ducking under, to hopefully get a peek at the runway) which ended with them in the pavement. And of course the peanut gallery the whole time was probably saying “you can do it; just one more time, and we’ll make it”

  18. “Don’t believe any conspiracy until they begin to deny it”

    aahahahah! This is a sic Joke!

    Climategate Probe Finds No Evidence of Scientific Malpractice http://www.bloomberg.com/apps/news?pid=20601124&sid=aKlcXLsrxPys

  19. @William of the North,..Actually, I think it was professor Plum, because he told Miss Scarlett to hide the joystick from Colonel Mustard, of course leaving the steering to Reverend Green who was unqualified, owing to the fact, Mrs White had kept him up most nights.
    And Dr Black and Mrs Peacock refused to handle the landing gear, which of course led to a bumpy finale !
    Pure speculation of course,..but hey,.. bill me

  20. The biggest U.S. commercial banks will take their fight against disclosure of Federal Reserve lending in 2008 to the Supreme Court if necessary, the top lawyer for an industry-owned group said.

    Fed Shouldn’t Reveal Crisis Loans, Banks Vow to Tell High Court http://www.bloomberg.com/apps/news?pid=20601109&sid=ax8ulGXswn4E

  21. Mike/Liverpool

    Max
    Your getting though to people!!!
    http://www.reuters.com/article/idUSTRE63C5LO20100413
    Mike

  22. @Mike/Liverpool – good find!

  23. No Frances,….or Phil,……ot oh!,..
    Stacy must be bumpin’ them off,…
    I can never figure out who handles who,..Max seems like he needs handling, and Stacy,..well,..need I say more! : /

  24. Yesterday a threw my OIL Dart on the big bogus “oil price deciding” dart board.

    Let’s do it again today, pick up the dart and throw …..

    Whammy! -> Oil Inventories Unexpectedly Fall ahahahah!

    http://online.wsj.com/article/BT-CO-20100414-708218.html?mod=WSJ_World_MIDDLEHeadlinesEurope

  25. The Federal Reserve has ended its probe of Goldman Sachs contracts with the Greek government that distort the country’s debt levels, without taking any action, said Federal Reserve Board chairman Ben Bernanke on Wednesday. In testimony to Congress, Bernanke said Goldman Sachs in 2000 and 2001 did sell Greece products that lowered the country’s debt-to-GDP ratio.

    Fed ends Goldman, Greece probe with no action http://www.marketwatch.com/story/fed-ends-goldman-greece-probe-with-no-action-2010-04-14

  26. Brandon Sanks

    Japan is a creditor nation that keeps pursuring dumb polices. Their public debt is very high by it’s owned by their own people. They actually save money in japan. If I was them I would let the Yen rise and the dollar fall. Let the US have the inflation while your prices fall. This would be a nice tax cut for the people of Japan. The American consumer is dead they should find new consumers. China and South Korea could pick up some of the slack for Japan and their exports.

  27. Recap: Yesterday I throwed my Dart on the “bogus oil price reasons board:

    Washington-based trade group The American Petroleum Institute reported Tuesday an INCREASE in U.S. stockpiles of crude oil of 1.4 million barrels in the week ended April 9. http://www.marketwatch.com/story/oil-futures-drop-below-84brl-extending-losses-2010-04-13

    Well Today the Dart entered the dartboard in a different place ahah! -> Oil Inventories Unexpectedly Fall ahahaha!

  28. Japan’s balance sheet recession. Perspectives of a Keynesian
    http://www.youtube.com/watch?v=YuoFMwydQFs

  29. I wore my maxkeiser.com t-shirt while having a jog down in the park earlier and got alot of stares, so hopefully, expect alot more Irish on here over the coming days.

    Mind you, they could have been staring at the pair of socks tucked down the front of my pants! :D

    ….thank you, thank you, I’ll be here all week.

  30. Bernanke: I Tricked You And Now You’re Screwed by Karl Denninger http://market-ticker.org/archives/2195-Bernanke-I-Tricked-You-And-Now-Youre-Screwed.html

  31. That’s quite a battle on the Comex soon to be ex Comex..

  32. @ Stacy & Max
    U could get true a lot more peeps if ya had ta multi language stuff as i suggested
    Hic ;-)
    Start wit PIIGS nation first
    Should berelatively simple did a whole lotta tinking today was werkin me Grey cells like crazys

  33. Well of ta Poker
    Bye y’all

  34. frances snoot

    “No Frances,….or Phil,……ot oh!,..
    Stacy must be bumpin’ them off,…”….musical chairs?

    Dedo: You know we are all just figments of Stacy’s imagination!

    Miss Scarlett was serving coffee and Colonel Mustard took his eyes off the controls to gap at her credentials, missing the forest and hitting the trees.

  35. @frances snoot

    Obviously @Phil/Germany was pissed off but I think that people have to learn that not everybody always agrees with them so he should get over it and straighten his back.

    You are the greatest example of that and sometimes people don’t agree with me or I don’t agree with them, no big deal. Discussion is OK as long as people are willing to put arguments behind them. I hate the name calling but won’t shun it if people do that to me but that’s wasn’t even happening.

  36. re: max & stacy message
    the BIG market/nut to crack/need to hear is still the U.S.A.
    there has GOT to be a way
    e.g. a professional PR/marketing firm?
    could be good investment w/positive ROI
    to break out of internet closed loop society

  37. ahahaha Bob on Athens Radio http://www.youtube.com/watch?v=FYXiZk8Hic0

  38. @Phil/Germany:

    I miss your posts too buddy

    Please come back.

  39. @Danny:

    I’m going to plague Newstalk to have Max on.

    Are you in?

  40. @ Youri

    HAHaha , great find

    bobs always an entertaining talker

  41. Ships that pass in the night, and speak each other in passing, only a signal shown, and a distant voice in the darkness; So on the ocean of life, we pass and speak one another, only a look and a voice, then darkness again and a silence.
    Henry Wadsworth Longfellow

  42. Marc Authier

    @Dedo

    Oink ! Oink ! Oink ! It’s not news from Hog Town Toraaanto. It’s from real estate slave colony Number 666 Vancouver.

    http://vreaa.wordpress.com/2010/04/13/in-that-moment-the-money-didnt-matter-only-the-condo-mattered-now-all-the-money-i-have-goes-towards-paying-the-loan-i-live-for-the-loan/?source=patrick.net

    Let them eat Alpo.

  43. Just in case the last quote WAS hard to swallow, here’s breakfast.

    “Woke up, it was a Chelsea Morning and the first thing that I knew there was milk and toast and honey and a bowl of oranges too and the sun poured in like butterscotch and stuck to all my senses. Oh, won’t you stay, we’ll put on the day and we’ll talk in present tenses”

  44. Marc Authier

    Interesting Ireland fiscal analysis. Autopsie d’un cadavre exquis.

    http://boombustblog.com/Reggie-Middleton/1375-The-BoomBustBlog-Ireland-Fiscal-Analysis-is-Now-Available-and-Just-in-Time.html

    Coeurs sensibles s’abstenir. UUUUUGGGGGGGGLLLLYYYY !

  45. @nama rama

    I wanted Matt Cooper to interview Max on Today fm. Newstalk wanted Max on George Hook’s show; Hooky is a rubgy commentator for christ’s sake, he wouldn’t know a Repo 105 if it bit him on the arse!

    ..but, anyway, yeah, I’m in.

    Anyone else wanna try and save Ireland from the idiots destroying the country?

    Email: [email protected]
    or submit a comment on Today fm here
    http://todayfm.com/Shows/Weekdays/Matt-Cooper/contact_us.aspx

    Attack formation Delta – GO NOW!

  46. James Turk Forecasts Gold at $2,000 by Year End http://www.youtube.com/watch?v=Cjpy35_Fl5Q

  47. @Snoot. classic. :-)

  48. @ Phil / Germany:
    This is not fair and we do miss you
    The fight is not here
    it is out there
    please come back
    or do i have to explain that this is at least a 3000 years old plan

    @ Phil / Deutschland:
    Das ist nicht fair und wir vermissen dich
    der Kampf ist nicht hier
    Es ist da draußen
    Bitte komm zurück!
    oder muss ich erklären, dass diese mindestens eine 3000 Jahre alte Plan ist

  49. @ P
    I do know german as well

  50. frances snoot

    Denninger:

    “All sovereigns think they have the unlimited ability to countenance and commit fraud. Witness the hearings on WaMu, three panels worth that I had on background all day long yesterday…..
    An incredulous Senator Levin along with others pounded the witlesses (sic), and they proved worthy of the name “witless”. Key among the points raised was that as early as 2004 and 2005 the bank knew that bogus loans were being produced “en-masse.” Yet despite more than three years of internal memos and actual knowledge, the FBI never was brought in – and still hasn’t been.”

    Reality:

    WaMu is Being Investigated by FBI
    Posted Oct 16, 2008 4:12 PM CDT

    http://www.abajournal.com/news/article/wamu_is_being_investigated_by_fbi/

  51. Every one should get get a ” FUCK “EM ATTITUDE”
    which equates to ta truth

  52. frances snoot

    Denninger:

    “Greece should tell the EU and ECB to bugger off. Stick the banks over there with their losses; default all their externally-held debt. Declare their externally-held Treasuries worthless by fiat and leave the Euro. Arrest and prosecute everyone involved in government book-cooking, including the banksters that conspired with them. Without external borrowing a crushing austerity would be imposed as government spending would be forced to immediately contract to that which could be taxed, but the benefits, once the pain was endured, would belong to the Greeks, not the bankers from France and Germany.”

    Reality:

    “Instead, Mr Brown yesterday pointed to new G20 commitments to the International Monetary Fund which will enable it to intervene. An intervention by the IMF would be considered almost a last-gasp solution as some senior Brussels officials fear it is an instrument of American foreign policy.
    Instead an official remarked that the solution would be similar to what the IMF does, but from within the eurozone.
    Mr Brown told MPs that a G20 emergency fund – which Britain has contributed to – could also be used to prop up Greece. There are fears that the Greek government, under pressure from unions, will not keep to the stringent austerity plan it has agreed.
    Mr Brown told MPs: “Greece should stick by the commitments it has made to the European Union and to the world.”

    http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7207536/Britain-may-be-forced-to-bail-out-Greece.html

    Has Denninger mentioned the G20 once?

  53. frances snoot

    Bonn:
    I’m shocked. Your German seems so out of character: have you been playing a charade with us? Is English your second language after German?

    tis itch meen denkt

  54. James Turk also forecasts gold at $20,000/oz somewhere between 2013- 2015
    plus he forecasts the weather for April 14, 2015

    http://www.goldshill.com
    (TRUST ME, i’ve been in business 8 years, and the gold has your name on it)

    contrast with ScotiaMocatta, who have been at this for 340 years
    http://www.scotiamocatta.com/house/history.htm

  55. frances snoot

    @ronron:
    Maybe Phil/Germany lost his cat again?! I hope he doth return from the search.

  56. @Snoot, nice dodge. your looking for a fight. hahaha. :-)

  57. @Snoot. ya WL is back. no sign of Phil?

  58. !!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    China Metal Quotas Limit U.S. Smart-Bomb Output: Video
    http://www.youtube.com/watch?v=GF2Biv-q6oc&playnext_from=TL&videos=sPg4iN02cio&feature=sub

    wow the world has changed so quickly, amazing

  59. Bonn sprechst du deustch? das ist wunderbar! aber wies du, sprechen der Annunaki auch deustch?

  60. The IMF is increasing its emergency intervention fund to SDR 330 billion, biggest contributor is the USA, however weirdly even Greece is contributing to this increased fund thus bailing itself out via its own funds given to the IMF.
    Check this video out of the impact of an IMF bailout, a horrendous rape of a country–Argentina
    http://video.google.com/videoplay?docid=4353655982817317115#

  61. I think its rather obvious the shit is about to connect with various rotor blades

  62. Former Chief Economist @ The Fed DIsents, Says US Rates Should Rise

    http://www.youtube.com/watch?v=jhRO9TkaqAk&playnext_from=TL&videos=_4kPFdMF5U0&feature=sub

  63. “Silver is a good investment”

    “The dollar is trash and Obama can’t do anything about that cause he doesn’t own the world. Goldman Sachs does.” http://www.youtube.com/watch?v=D-CdVxUCryo

  64. @Danny:

    I’ve just sent in max’ interview with mcwilliams to coopers blog;
    All you Irish reading need to push for this!!.

    better still;

    max having a “goldman sachs” MOMENT on Radio, Telifis, Eireann
    Anie Lawlor speechless..

    What’s the update from team delta?

  65. @namarama. maybe max should talk to mogan kelly. you missed 2 vids. http://www.youtube.com/user/jbyeats#p/a/u/0/weJk6ae4wo8

  66. @Jaime. hope you come back and hang with RR. :-)

  67. Thanks ronron.

    Been v busy….

  68. One of the sites that really got me going:
    Dr. Housing Bubbles blog
    Lessons From The Great Depression:

    http://www.doctorhousingbubble.com/category/great-depression/page/19/

  69. The Dork of Cork

    @ronron
    Morgan Kelly is the real deal – no bullshit from a man surrounded by bullshitters

  70. @Dork and namarama. so why is max not all over him?

  71. The “Preppers” are preparing for the potential civil demise … (imho, there is a better than 50% probability of this occurring)

    http://www.youtube.com/watch?v=vrz_mBcg_5Y&feature=player_embedded

  72. The Dork of Cork

    @ronron
    I have not heard from him for a while – perhaps he is sleeping with the fishes

  73. @nama rama
    sent in my requests/letters.

    The pebble in the pond has been dropped.

  74. The Dork of Cork

    Check out TV3 live now with vincent brown
    The nama thing is smelling badly now
    One of the contributors – philip mattews is a decent man with sensible views

  75. Re: Morgan Kelly
    Report in the Irish Times yesterday.

    The doom merchant whose warnings don’t seem so far-fetched anymore
    http://www.irishtimes.com/newspaper/education/2010/0413/1224268218570.html

    Morgan Kelly needs to be ‘Keisertized’! (I’m copyrighting that phrase!)

  76. Jim Rickards on the Andrew mcquire story
    http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/4/14_Jim_Rickards.html

    He explains how nontransparent LBMA is in their dealings. He had to pay 200lb to get a copy of the LBMA bullion contract

  77. JPMorgan Earnings Increase 55% on Outlook for Economy

    Article: http://www.bloomberg.com/apps/news?pid=20601087&sid=aVDSv_QM25Hs&pos=1

    Yupper the “Big” banks are swimming in juicy profits, but “Mainstreet” is stuck in neutral, and this is being kind. The big banks can boast all they want, the game is being played with no referees.

  78. so yoos fucks need ronron. morgan kelly on stacy’s show.

  79. re: max & stacy message

    TV, internet, notwithstanding
    RADIO still packs a powerful punch
    big city radio interviews, e.g. Ireland, UK, USA, (Greece) can have a MAJOR impact

    there’s an expression in advertising:
    ‘RADIO WORKS’

  80. yous fuckers from ireland . get him on. morgan kelly’

  81. Mike/Liverpool

    Hi Ron
    Much happening?
    Mike

  82. @mike. not much. getting pissed off. ;-)

  83. Most Bizar Cartoon Books:

    Hansi – The Girl who Loved The Swastika http://208.106.181.133/_media/imgs/articles2/a96960_a595_4-hansi.jpg

    More: http://oddee.com/item_96960.aspx

  84. zerohedge.com = zero.com

  85. Has anyone heard of Republic Radio? I found this interesting article on a whistle blower who explains how gold and silver prices are manipulated.
    http://republicbroadcasting.org/?p=7965

  86. @ Ingrid
    during your (understandable) absence, this has been THE big story,
    with coverage coming from all over, e.g.

    http://www.youtube.com/watch?v=e9bU0r6JP4s

    http://www.dailypaul.com/node/130728

    http://www.gata.org/node/8466

  87. Hey Y’all – I found out where Phil is. It looks like he is trying to figure out his new IPad with his cat….
    http://www.youtube.com/watch?v=Q9NP-AeKX40

  88. Thanks R. Cain… It looks like I need some catching up to do :)

  89. Daniel Estulin – 12 Apr 2010 – The Global Elite’s Plan part Audio Vids http://forum.prisonplanet.com/index.php?topic=166782.0

  90. interesting concept. Have the banksters and their government stooges pay for the debt they set up.

  91. Low solar activity link to cold UK winters (BBC News) http://news.bbc.co.uk/2/hi/science/nature/8615789.stm

  92. Professor James Lovelock: Trying to save the planet ‘is a lot of nonsense’ (BBC) http://news.bbc.co.uk/today/hi/today/newsid_8594000/8594561.stm

  93. Gulf Stream ‘is not slowing down’ (BBC) http://news.bbc.co.uk/2/hi/science/nature/8589512.stm

  94. Climate scientists withdraw journal claims of rising sea levels (Guardian.UK) http://www.guardian.co.uk/environment/2010/feb/21/sea-level-geoscience-retract-siddall

  95. Climategate U-turn as scientist at centre of row admits: There has been no global warming since 1995 (MailOnline) http://www.dailymail.co.uk/news/article-1250872/Climategate-U-turn-Astonishment-scientist-centre-global-warming-email-row-admits-data-organised.html

  96. http://www.bi-me.com/main.php?id=45873&t=1&c=62&cg=4&mset=

    “But honestly, I’m telling everybody in the world the same thing. I own my gold and I will never sell it, especially when I see clowns like Ben Bernanke, Larry Summers, Tim Geithner…

  97. @ Ggees
    I do know a little german I can get by if I was in a city in germany ; fer Example Bonn
    lolololololol
    & ta Annunaki use telapathy I tink
    Hic ;-)

  98. @ Snoot
    I tink ya meant to say “Ich glaube, das war clever”
    lolololololol
    Hic ;-)

  99. @Youri

    Better give it up and start learn to swim…We’ll all be liveing carbon free renewable prosperity soon while you suffocate yourself burning stuff in you soot and sulfur covered peet hut. If only to get there sooner ( a world of clean wealth) you should be promoting what you believe is a myth..

  100. @ Youri
    I tinks we knows more tan Estulin too
    lololololol
    Hic ;-)

  101. I wanted to mention tis before but All senior Polish peeps who died in tee aircraft
    I don’t travel wit me own dad on ta same plane
    Spreadin ta risk Football teams too dont all travel on ta same plane tey go by different planes to spread ta Risk
    Hic ;-)
    sometin very suspicious about ta Polish peeps

  102. Marc Authier

    New name for Japan’s economic policy. “Harakiri” economics.

  103. Got silver?

  104. Nevermind the CFTC-shananigans whistleblowers… let the whistleblowers come forth regarding the 2 trillion dollar lending program!

  105. @the Irish contingent, we all know Aine Lawlor needs a massive kick in the crack, ignorant scumbag that she is, but I’d be very surprised if she or anyone from RTE aka state propaganda machine would touch Max with a 10ft pole. As for the commercial stations I was under the impression that Denis O’Brien owned all the major ones, again I’d be very surprised if he give anybody like Max airtime. I’m afraid Max is not going to save us, we’ll have to get our hands dirty and do it ourselves, without the aid of MSN.
    P.S. I’ll shoot off a couple of e-mails for whats it worth.