Uncategorized

Peter Schiff – Treasury's Last Pillar Crumbles

Published

on

MRSchiffRightWing News – With the return of Shinzo Abe and his Liberal Democratic Party to power in Japan, the market for US Treasuries may be losing its last external pillar of support. Re-elected on September 26th, Abe has quickly set a course for limitless inflation, saying Japan must “free itself from deflation and the strong yen.” This is significant to the global economy as Japan is the largest foreign power left with a strong appetite for US Treasuries. If this demand falters, the Fed may be the only remaining buyer of new Treasury issuance.

Abe’s Plan
This election marks Abe’s second turn in the premier’s seat. He first held the position from 2006 to 2007, when he abruptly resigned as the first of a string of unpopular one-year premierships. Notably, in the intervening time, the LDP lost its lower house majority to an opposition party for the first time since its formation in 1955. The victors, the Democratic Party of Japan, had been formed in 1998 on a platform of reducing corruption and making Japan more progressive.
—–
Unfortunately, as we know from our past century of experience in America, progressivism is not the cure for an ailing economy. The DPJ was predictably unsuccessful at reining in the bureaucracy, but did manage to push through a damaging doubling of the national sales tax and additional entitlement spending.
—–
Similarly to President Obama’s 2008 election, the Japanese people were sold a lot of rhetoric about hope and change and, lacking any sincere alternatives, decided to give the new guys a shot. The results were equally disappointing on both sides of the Pacific.
While American voters decided to throw good votes after bad in 2012, the Japanese preferred to return to the devil they know. The only problem is, he’s still a devil.
—–

 

More

 

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Donald Trump5 hours ago

Useful Idiot Michael Moore Marched In Russian Organized Anti-Trump Rally

This is just too good. Irony at its very best. Documentary filmmaker, progressive activist and all-around useful idiot Michael Moore...

culture6 hours ago

Ohio Sheriff Offers Free Gun Class For Teachers – Gets Over 50 Requests In Just 20 Min.

I am heartened to see common sense coming from community leaders in the wake of the horrid Florida high school...

culture9 hours ago

John Cusack Calls ‘GOP Death Cult’ – Labels Trump ‘NRA Blood Whore’

I can’t think of one killer who shot up a school that was an NRA member or even a conservative....

culture1 day ago

Grieving, Brainwashed High School Students Label The NRA As “Child Murderers” on CNN

The left is using the grief of high school students in the wake of the shooting at Marjory Stoneman Douglas...

Donald Trump1 day ago

Trump Mocks VERY Insecure Oprah Winfrey After Biased 60 Minutes Panel

You know, for someone who is definitely NOT running for the presidency in 2020, Oprah Winfrey sure looks, talks and...

culture1 day ago

Fergie Officially Screeches The Worst Rendition Of The National Anthem Ever

What the hell was that I just heard? Some kind of Post Modern Jukebox version of the National Anthem that...

Politics2 days ago

GOP Mega Donor: No More Money Unless There Is An ‘Assault Weapons’ Ban

A huge donor to the GOP is putting his foot down and giving Republicans an ultimatum… ban so-called assault weapons,...

News2 days ago

CALIFORNIA – THE LARGEST NUTHOUSE IN AMERICA

This is very interesting. And the fact that it comes from the Los Angeles Times is just dumbfounding. Actual truthful...

News2 days ago

CNN Lies About Cruz Interview And Claims He Is Afraid To Talk About School Shooting

CNN is up to their old lying tricks again. They brazenly claimed that Ted Cruz (R-TX) would not give them...

News3 days ago

Laura Ingraham Tells Lebron To Shut Up And Dribble

Laura Ingraham  of Fox News is under fire for saying that NBA basketball star Lebron James should “shut up and dribble”....

Recent Comments

Copyright © 2017 IHaveTheTruth.com