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Why buy PMs? Does this indicate a coming weakening of the dollar? Is a manufacturing contraction itself indicative of movement from USD to precious metals. Or is it something else in all of this that would indicate such?
The Disaster of Negative of Interest Rates
The Bank of Japan now holds nearly half of Japan’s federal debt, a radical move that has not triggered hyperinflation as monetarist economists direly predicted.
In fact, the Bank of Japan can’t get the country’s inflation rate even to its modest 2 percent target.
As of August, the rate was an extremely low 0.3%.
If the Fed were to follow suit and buy 50% of the U.S. government’s debt, the Treasury could swell its coffers by $11 trillion in interest-free money.
And if the Fed kept rolling over the debt, Congress and the president could get this $11 trillion not only interest-free but debt-free. President Trump can’t get a better deal than that.