With regards to quantitative easing, printing, etc, does this mean the US will go the way of Japan?

[CyJackX]

Apparently Japan tried this and their currency went into deflation, despite all the typically inflationary activity from the Bank of Japan. Why?

 

[Scataphagos]

Not Japan. Zimbabwe, Argentina, Venezuela, Turkey, Weimar Germany, Rome, others.

 

[ZBZB]

The yen did not decline though.

 

[zdreg]

The yen did not decline though.

Japan, unlike the US, does not have a vast useless underclass.

 

[Scataphagos]

The yen did not decline though.

America will be fortunate if the damage done is limited to "Japan-like".

 

[murray t turtle]

Not Japan. Argentina...... Germany, , others.

%%
NOT japan/ i doubt if US auto auto makers ever do as good a job as HMC,TM ,Datsun/Nissan.
US does have ''free'' unquote, gov health care\ gov trainrides like Germany.
But one has to be dumb enough to get on a trainwreck to get trainwrecked/gassed.
I'm reading about Hitler now. He is the kind of crook to keep a pistol, shoot his sisters kid, + outlaw guns for Germany.Too bad Germany had no NRA/NRA-ILA, or govs with guts.

I wish Americans were as friendly as Argentina, but i dont blame TX for stopping Feds in court concerning border.The Ruger guns made in Mexico are worth much more, hard to predict/LOL

 

[zdreg]

America will be fortunate if the damage done is limited to "Japan-like".

From your mouth to god's ears.

 

[toc]

Take 1/3rd worth of the Top 1% Americans and roughly 40% of US debt is cancelled out.
All along the top 1% will not starve !!!
US economy will get an extension for 20 years or so.


New data from the U.S. Federal Reserve, a comprehensive look at U.S. wealth through the first half of 2020, show stark disparities by race, age and class. While the top 1% of Americans have a combined net worth of $34.2 trillion, the poorest 50% — about 165 million people — hold just $2.08 trillion, or 1.9% of all household wealth.
https://www.bloomberg.com/news/arti...e-us-are-worth-as-much-as-poorest-165-million

 

[bone]

Well, Japan has an insanely high gross government debt-to GDP ratio. That's the metric that the US is heading for.

 

[S2007S]

For some reason here in the US the fed can play any situation or game they want And like magic main Street and wallstreet have a continous one sided party.