Not QE but QF – Quantitative Failure – Greyerz

KWN weekly – Nov 6, 2014

Greyerz: “Eric, I’m watching Japan because I think it’s the best example of the coming hyperinflation we will see in many countries. Japan has been in recession since the 1990s, with falling real incomes, a declining population, rising deficits and rising debts. Their debt is now a massive 1.1 quadrillion yen, which is about $10 trillion. This represents a staggering 200 percent of Japanese GDP. Attempts to stimulate the economy have failed, so the Japanese have just come out with additional QE at the rate of an astonishing 8 trillion yen per year, which is roughly $800 billion. Remember that the Japanese economy is only about $5 trillion per year. So this would be equivalent to the U.S. launching a new QE program totaling about $2.5 trillion per year.

About:

  • Japan
  • GoldInitiative
  • BIS

Click here to read the Nov 6 interview

Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management
Zurich, Switzerland
Phone: +41 44 213 62 45

Matterhorn Asset Management’s global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. Matterhorn Asset Management is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 70 countries.



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