Saturday 28 September 2013

Cliff Küle's Notes:

Cliff Küle's Notes
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Sep 29th 2013, 01:13, by noreply@blogger.com (Cliff Küle)

Soros Adviser, Turned Lawmaker 
Sees A Japan Crisis Before 2020
Bloomberg reports on the thoughts of Takeshi Fujimaki, former adviser to billionaire George Soros* & now a member of Japan's upper house of parliament .. Fujimaki thinks a fiscal crisis in Japan is inevitable: "I think financial crisis will come sooner or later .. This total debt will continue to increase. I don't think Japan can survive until 2020." .. highlights the distortion of money printing: "Because the Bank of Japan (BOJ) is buying huge amounts of JGBs, market principles in this country do not work .. Monetary easing is creating a JGB bubble. Sooner or later the market will reflect credit risk."
LINK HERE to the article

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