Cant post normally, so I am here in the forum.
At King world news Egon von Greyerz said that japanese money printing will start a trade war.
We also talked about hyperinflation in Japan last week, and today the yen is at nearly 116 vs the dollar. The next stage is probably a quick run up to the 150 level. This will lead to all other Asian countries devaluing their currencies by printing money because they can’t afford to have a strong currency against the yen. This would make them totally uncompetitive.
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Egon von greyerz on SD https://www.silverdoctors.com/category/sd-podcast/
SNB argues that fiat money allows soft money for supporting exports, and egon said his is bogus, that strong currency do not render a country at a disadvantage.
Thus, Egon von Greyerz is speaking out of both side of his mouth, 1) Asia must print or lose market share, and 2) a strong currency does not render an economy weak.
Which is it? Can turd possibly explain the double dutch?
I doubt, respectfully so, so here is the explanation.
Countries can engage in currency wars and that could be based upon strengthening exports, and the same time, increasing costs of imports, for a net sum zero. THIS MONEY PRINTING has nothing to do with Strong v Weak economies, but has everything to do with cementing political power on the back of the free-chit army, using no-budge fiat printing of fiat currencies to keep the poor/middle class enslaved to government with the goodies, for feeding the banksters. It really is as simple as that.
not printing does not