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-- -- as we said Japan continues to print money big time and all about money printing is fueling a huge stock market rally in Japan.
What does this mean for the Japanese economy let's ask Christian point and he's a former member of the bush state it's possible that they seem like that printing.
I have never seen anything like it they'll print one and -- trying.
Right now this is just crossed a key threshold where one -- by -- should be a dollar buys a hundred yen.
It seems to keep going and this was a key platform for prime minister -- is a lobby their prime minister just elected there's a gap between his last premiere ship and now.
And on one hand it is Japan's political class taking charge of the economic -- the of the country in a way that hasn't happened recently had really decades of stagnation on the other hand it's banana republic style -- -- -- yeah exactly exactly.
He -- -- -- that everybody.
That the Japanese are doing -- Europe is starting to reprint some big time money Ben Bernanke's been -- -- long long time.
How long can you do this for how long can the world just chill on -- -- money without some kind of serious inflation somewhat.
It's gonna have to lead asset bubbles as you point out it's been done here.
And in Europe really for five years so in that -- Japan is just catching up to something that we have done unfortunately I'd argue.
Of course that hasn't stopped the Obama White House from criticizing Japan even criticizing Japan in the middle of the North Korea crisis for doing basically what dollar band has been doing for years now when you're in the why are we doing -- -- -- under President Bush yes it did this kind of economic deployment of diplomacy play a big role.
Well it does in the sense that there is a perception that Japan has become a France or Germany which I think is an overstatement especially if you look at political stirrings that are going on there.
And the threat they feel from China but you know the way the trajectory of a country whether it's -- -- there is the economic trajectory is taken into account and how much you care about them.
Would you say that would printing too much America Japan Europe combined.
This cannot go long it's a bad thing -- -- in the would you my bad judgment I think so if you -- already in real estate here in the United States have live in Southern California and you look at a 10% rise -- one year we are seeing asset bubbles now look at gas look at food it's being.
This -- by our political class but yes inflation there's no we haven't repealed the law of inflation if you will you think this is a bubble.
Mean in bubbles -- very very strong wound up implying well straight to the moon and then crash right I would say the markets both you look at better earnings are really not that higher they're lower than historical averages in the American economy wants to Grogan.
Politicians will keep it down.
However inherently we have creative people who will grow in an economy market economy that works so it's just finally coming back recovering after years of being beaten down by washing consummate this question.
Why isn't gold taken off.
Well I think it was run up historically just because you had so many people concerned I mean look at sales of guns and ammunition United States people are worried about the future of this country.
There has come back a little that I think would you have expected gold to go to 3000 bucks announced -- you -- you would have expected that when you have that.
And that you know there's no perfect formula on this look at gold compare was five years ago it's it's pretty pretty Arthur look at gasoline compare it was.
To five years ago and it's not because of demand it's because of dollar printing the currency in which oil is traded has been devalued by our political plus -- -- with we don't hold your book Smart power off.
Between diplomacy and war Christian -- Right yep -- -- when's it coming up coming out September but of course you get now thinks two I want an advance copy I will get you and -- good -- Christiane thank you very -- --
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