Wed, 13 April 2016
Today we're going to have a critical discussion about something you won't hear about in the news. I've been tracking several issues that will likely have a direct impact on your life over the coming months and years. We start in Japan.
It's no secret that the Japanese government has been doing everything it can to create inflation. They now have a debt to GDP of nearly 250% and an aging population that won't be buying up bonds much longer.
I addition they also made the decision to reduce interest rates into the negative causing trillions of Yen to be pulled from banks and stored in homes across Japan.
All of this is the result of following the flawed Keynesian idea of stimulating growth by increasing government spending during times of recession. In theory, it works great, but the reality has been anything but optimal. Instead, Japan now faces an economic crisis that could rip through world financial markets sparking another global recession.
This is not a feel-good show, but it's one you need to hear. It's one your family and friends need to hear. If you've been holding off sharing the show for just the right episode, this is it.