# @peterschiff on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/CzG0BT-uGdZ
- **Gondola URL:** https://gondola.cc/posts/9699768-peterschiff-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/10c91ef2ba.jpg
- **Posted:** 2023-11-01T14:19:14.000+00:00

## Caption

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 https://SchiffRadio.com

#japanese #yen #unitedstates #dollar #japan #inflation #usd

## Stats

- **Views:** 4,257
- **Likes:** 287
- **Shares:** 0
- **Comments:** 17

## Tags

inflation, dollar, usd, unitedstates, japanese, japan, yen

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