The weakening of the Japanese yen is a clear sign of the trouble brewing in their economy. The yen hitting a 23-year low against the dollar is a major red flag. If it hits 160 yen to the dollar, that’s a 50% decline from its peak. The root cause? Massive money printing and reckless policies.
The Japanese government’s commitment to quantitative easing and rock-bottom interest rates is unsustainable. With a $9 trillion national debt, they’re on a dangerous path. At 4% interest, they’d be spending more on debt than their entire budget. This is a disaster in the making.
This clip is from Episode 928 of The Peter Schiff Show. To listen to the full episode, visit
SchiffRadio.com
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