Monday, March 14, 2011

BOJ Pours Money Into Economy

This is absolutely bizarre. Japan's central bank, the Bank of Japan, is pumping pouring a record 15 trillion yen ($183.17 billion) into the economy.

There is no sound economic theory that suggests printing money can in any way help in the case of a physical disaster, as always this money will end up in the hands of the banking elite to provide them with an edge over those who have lost their homes and don't really need elitist bankers bidding against them for resources.


  1. Broken windows! Broken Windows!

  2. Thank you; I was absolutely stunned when I heard about this. My first thought: "Of course! Because nothing will help thousands of people struggling to meet their basic needs like inflation!"