Faber: Japan is Doomed -Huge Asian Gold Demand – Beware US Confiscation

Posted by Marc Faber - GloomBoomDoom.com

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Japanese War Grunge Flag by think0

Japanese War Grunge Flag by think0“The yen is oversold, and stocks are overbought, and the correction is forthcoming,” Dr. Faber says. “But anytime the market would drop in Japan and the yen would strengthen, there will be more money printing.”
“As a result of massive money printing,” Dr. Faber continues, “the yen goes down and the bond market in Japan collapses. This would force the Bank of Japan to monetize even more because as interest rates go up on the Japanese debt, it becomes a burden on the Japanese government to pay the interest on the debt. So it would have to be met by more money printing, and that would lead to more yen weakness.”
And on and on it goes… until the yen is worth even less than the paper it’s printed on.

Such is the fate of all paper currencies backed only by the “faith and credit” of an untrustworthy government. The principles of “sound money” are largely ignored or forgotten. No one practices them anymore. They are the “Latin language” of global economics — discussed only in “theory” by a few steadfast economists who continue to pine for their return. – in wallstreetpit

In Asia, we see a huge demand for Physical GOLD. Personally, I do not sell my GOLD.

…..Faber’s answer to a question “has the Gold Bubble finally Burst – HERE

The US Can ‘Artificially Depress’ Prices And Confiscate Your Gold

…..Faber addresses the danger’s of storing Gold Bullion HERE