Stewart Thomson: Gold And the Great Japanese Reflation

Submitted by Stewart Thomson:

The election of the new Prime Minister of Japan, Shinzo Abe, may be a “watershed” eventHis powerful commitment to unlimited quantitative easing could fundamentally jumpstart the next leg of the gold bull market.
Abe is committed to knocking down the value of his country’s fiat currency, the Yen.  His election probably ushers in an acceleration of the global fiat currency wars, and that’s more good news for gold investors.
Japan is the world’s largest creditor nation, and the 3rd largest economy.  If Abe is successful in forcing the Bank of Japan to embrace much more aggressive QE, it could spark what some major bank economists are already calling, “The Great Reflation”.

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Japan’s Shinzo Abe prepares to print money for the whole world

QE will go to INFINITY…AND BEYOND here, across the pond, and throughout the entire Western world as Japan will apparently attempt to out-counterfeit The Bernank.

Japan’s incoming leader Shinzo Abe has vowed to ram through full-blown reflation policies to pull his country out of slump and drive down the yen, warning Japan’s central bank not to defy the will of the people. [Read more...]