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Originally posted by James1982
I am not understanding something here, why on earth would they admit to doing this?!?!?
I mean, I understand WHY they would do it, as evil as it is, but who in their right mind would be like "yeah, i did it, wannafightaboutit?"
Originally posted by PuterMan
reply to post by mnemeth1
I shall simply say that the T & C prevent me from venting my wrath at these buffoons and their machinations.
I would love to put the whole bunch of pricks in a ship, sail it over the Mariannas Trench and pull the plug sending these turkeys to their doom. The world would be a better place if these moronic greedy birdbrains were disposed of.
I leave you to fill the blanks as you see fit.
Originally posted by Dance4Life
This is good for the world to weaken the YEN. It is far too strong.
It is good for US and Japan equity markets as well. Blow it up? It is the strongest currency in the world.
The Japanese are quite fine right now and will continue to be fine. They don't have a nameless government overrun with con artists who find some way to bleed money out of the system in order to get hefty kick backs from contractors, consultants, and lobbyists.
They are fiscally responsible government and they probably don't really owe to domestic investors except for appearance sake. I am predicting they will come out of this whole thing just fine, if not stronger.
The US would like very much to get those bills back, but it's not going to happen with either China or Japan. I am sure there will be major wars first. I have a nagging suspicion that this whole event or the severity wasn't induced by nature alone.
Originally posted by projectvxn
reply to post by Dance4Life
POMO is a pyramid scheme and we all know how those usually end. I agree that the Fed cannot carry the market on it's own. The FR does manipulate the market, this much is certain, but there is more to the Japanese crisis than simple carry trade schemes and fresh print injections.
I disagree that US Treasuries are a safe bet. PIMCO dropped it's holdings of US bonds and OPEC reduced their holdings by 9%. At some point it won't be worth the potential risk to continue to hold on to US treasuries. These aren't the only pressures on US debt.
The latest estimate on the Japanese disaster stands at $200 billion...That's just the disaster. This doesn't include loss of industrial output due to loss of power, infrastructure and private/public property destruction, and contamination of food supplies(which are a big export), and other products with radiation. Bans are already in place in Italy and the rest of the EU is expected to do the same. The Japanese simply don't have this money. It's prompting FX traders to speculate that the BOJ will turn on the presses at full speed, though, since the precedent set in 1995 of Japanese selling US bonds, it wouldn't make that a sure bet.