{"id":923,"date":"2014-10-31T19:20:13","date_gmt":"2014-10-31T23:20:13","guid":{"rendered":"http:\/\/olduvai.ca\/?p=923"},"modified":"2014-10-31T19:20:13","modified_gmt":"2014-10-31T23:20:13","slug":"the-boj-jumps-the-monetary-shark-now-the-machines-madmen-and-morons-are-raging-david-stockmans-contra-corner","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=923","title":{"rendered":"The BOJ Jumps The Monetary Shark\u2014\u2013Now The Machines, Madmen And Morons Are Raging | David Stockman&#8217;s Contra Corner"},"content":{"rendered":"<p><a href=\"http:\/\/davidstockmanscontracorner.com\/the-boj-jumps-the-monetary-shark-now-the-machines-madmen-and-morons-are-raging\/\">The BOJ Jumps The Monetary Shark\u2014\u2013Now The Machines, Madmen And Morons Are Raging | David Stockman&#8217;s Contra Corner<\/a>.<\/p>\n<p style=\"box-sizing: border-box; word-wrap: break-word;\">This is just plain sick. Hardly a day after the greatest central bank fraudster of all time, Maestro Greenspan,\u00a0confessed that QE has not helped the main street economy and jobs, the lunatics at the\u00a0BOJ flat-out jumped the monetary shark.\u00a0Even then, the madman Kuroda pulled off\u00a0his incendiary maneuver by a bare 5-4 vote.\u00a0Apparently the dissenters\u2014\u2014Messrs. Morimoto, Ishida,\u00a0Sato and Kiuchi\u2014-are only semi-mad.<\/p>\n<p style=\"box-sizing: border-box; word-wrap: break-word;\">Never mind that the BOJ will now\u00a0escalate its bond purchase rate to $750 billion per year\u2014-a figure so astonishingly large that it would amount to nearly $3 trillion per year if applied to a US scale GDP. And that comes on top of a central bank balance sheet\u00a0which had previously exploded to nearly 50% of Japan\u2019s national income or more than double the already mind-boggling US ratio of 25%.<\/p>\n<p style=\"box-sizing: border-box; word-wrap: break-word;\">In fact,\u00a0this was just the beginning of a Ponzi scheme\u00a0so vast that in a matter of seconds its ignited the Japanese stock averages by 5%.\u00a0And here\u2019s the reason: Japan Inc. is fixing to\u00a0inject a massive bid into the\u00a0stock market based on a monumental emission of\u00a0central bank credit created out of thin air. So doing, it has generated the greatest front-running frenzy ever recorded.<\/p>\n<p style=\"box-sizing: border-box; word-wrap: break-word;\">&#8230;click the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The BOJ Jumps The Monetary Shark\u2014\u2013Now The Machines, Madmen And Morons Are Raging | David Stockman&#8217;s Contra Corner. This is just plain sick. Hardly a day after the greatest central bank fraudster of all time, Maestro Greenspan,\u00a0confessed that QE has not helped the main street economy and jobs, the lunatics at the\u00a0BOJ flat-out jumped the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[57,85,388,661],"class_list":["post-923","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-of-japan","tag-boj","tag-greenspan","tag-qe"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=923"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/923\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}