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A Central Banker Just Admitted On The Record: Currencies Are Worthless (Video)
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If you want evidence of the Endgame for Central Bankers, you need to look no further than yesterday’s Bank of Japan (BoJ) announcement. In its simplest rendering, Haruhiko Kuroda, the head of the BoJ, stated that the Japanese Yen is effectively worthless to him. In his news conference, Kuroda reiterated that changes to the bond-buying.
If you want evidence of the Endgame for Central Bankers, you need to look no further than yesterday’s Bank of Japan (BoJ) announcement.
In its simplest rendering, Haruhiko Kuroda, the head of the BoJ, stated that the Japanese Yen is effectively worthless to him.
In his news conference, Kuroda reiterated that changes to the bond-buying operations don’t imply shifts to its policy stance, adding that the BOJ’s primary objective is the yield curve on Japanese government bonds, not the volume of its asset purchases. Kuroda also suggested the yen’s recent move may have resulted from broad dollar weakness, particularly against the euro.
Source: Bloomberg
Put another way, as far as the head of the BoJ is concerned… it doesn’t matter how much currency he prints: tens of billions of yen, hundreds of billions of yen, even trillions of yen… all that matters is where Japanese bond yields are trading.
This is the literal textbook for Central Bankers around the world: devalue your currency in order to maintain the bond bubble.
I outlined all of this in my best-selling book The Everything Bubble: the Endgame For Central Bank Policy... but I have to admit even I was stunned to see the head of a major Central Bank state this explicitly… and in public.
But let’s be clear… shredding your currency will work for a while… but eventually doing this unleashes inflation.
And that’s when we reach the End Game for Central Banks.
Why?
Bonds trade based on inflation.
Bonds trade based on inflation.
If inflation rises, so do bond yields.
When bond yields Rise, bond prices FALL.
And when bond prices FALL, the massive debt bubble begins to burst.
On that note, the yield on the most important bond in the world: the 10-Year Treasury, has already broken above its 20-year trendline.
Globally the world has added over $60 trillion in debt since 2007… and all of this was based on interest rates that were close to or even below ZERO.
All of this is at risk of blowing up courtesy of this spike inflation.
On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s in terms of Fed Policy when The Everything Bubble bursts.
It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here:
https://phoenixcapitalmarketing.com/TEB.html
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
The post A Central Banker Just Admitted On The Record: Currencies Are Worthless… appeared first on Gains Pains & Capital.
Source: http://gainspainscapital.com/2018/01/24/central-banker-just-admitted-record-currencies-worthless/
I host the Church of Mabus radio show and it is going on 8 years. I’ve been in the paranormal community for 20 years. I provide content from a network of sources and guests and allies. Ranging from Politics to the Paranormal and the Spiritual. You can check out my other articles here at my BIOGRAPHY at BIN and you can check out my free radio show at this link HERE. Thanks for showing your support and stopping by.
And how long have we known this, Jeffery? Almost since the beginning of time. But as worthless as our dollars are I can still trade my worthless dollars for some stuff which is pretty cool. I just bet a basketball game with a bunch of worthless dollars today and if I win my bet I get a bunch more of worthless dollars.
so how is he paying for food?
the dollar has been worthless ever since Nixon took it’s gold backing. Now we are like a 3rd word nation. A currency like toilet paper but painted green. It’s a fiat currency. Fake and fraudulent and worthless. Is it any wonder nobody bothers to hang onto it? Washington has totally destroyed America. Robbed US of our country in plain sight. un challenged and in plain sight. They fill their money sack then leave while Americans were screwed bigtime.
-God, ELOHIM said it, in 1993, 1996, 1998, 2002, right into 2017, and the cry, “I have a bear in 120 countries,” and here lately the mentioning of a Noah’s Cousin. Even after showing carnivore beast stomping, chomping and tearing through pulpits and pews, through crystal skies crashing and falling down and peace getting porches, stock and money markets, so I hope we’re not nearing
a crisis along an outbreak of suicides. Although I virtually made mockery when HE said it, how HE would destroy America, like any abominable nation it’s time to reap its own blood guilt had come. With THEM going on to explained a world ending; let alone a nation ending economical crash as the underlining culprit, as not to see it coming. So my grand and I were watching the Bible Series, Son Of God, his choice, when it come to Judas hanging himself, I asked him, what’s worse? Hanging, yourself, (as in committing suicide), or betraying Jesus? Then he said, betraying Jesus, then I said, betray Jesus, like disciple Peter you can ask God for forgiveness, Kill yourself, you seperate yourself from Him/THEM, forever. So I asked him, now eight years him old, his is the generation whereas in 2011, were described as those who would grow up in occupied territory, in an occupied America.
-Sincerely, again I asked, so what’s worst, killing yourself or betraying Jesus and he said killing yourself, I went on in hindsight to use this experience to present it as an issue. As with one of my book characters, with her brother, like so many great, small, young old and counting now contemplating and committing suicide, she just rightly asked him, so, you’re choosing suicide over God? Swept up by an act of divine intervention from a sea of American refugees America’s southeast coastline, he and six others, choosing Christ, he is now Prince Darius the 5th, and married to Princess Darius, Juttah Africa, now come into Israel the Lord, now come into marriage suppers and mansions in heaven, now come into reigning Kings and queens. I say if there is a reason why it so infuriated God, when Job, made a wish, that he’d never been born, like suiciders, this abominable thought, Let alone an act of forgetting most of all, he, Job’s faith/fate was all being overseen by humankind’s most Magnificent Shepherd, God, Himself, now Christ’s Cross, the substance of things hope for, the evidence of things not seen, of leaning on the promises of Almighty God, not worthless men forgetting God, days without number, beware, Apb, The RAM, wherein shall you suffer great tribulations, get it, get Jesus and get (ASCEND) out of it, see entire Hello, Anybody out there? blog here, htmlandoceanaescape18.blogspot.com/2018/01/prophecy-link-lyrics-to-this-song-woke.html and one reason why not, here
http://cometotoderickhttp://elenintime.blogspot.com/2018/01/what-they-didnt-leave-thirteen-reason.
It became worthless after one cycle of money printing when it was taken off the gold standard.
Bullshit the Rothschild is just a front.
Research the Oppenheimer’s instead or both.