Japan Makes Move in Race to the Bottom

Japan, anticipating another round of QE from the US, made moves to dramatically weaken the Yen. This is how the dollar retains any strength–by the others weakening in comparison. The result is you see real price inflation. Europe was desperate to keep Greece from leaving the Euro because if Greece did, it would print money and buy its own debt, and they considered that a default. We have done it several times now, and our QE programs dwarf Greece’s debt. Not only do our politicians rob us, they rob the world!
Kitco – Commentaries – Chuck Butler: www.kitco.com/ind/Butler/aug042011.html

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