A senior official at the International Monetary Fund said Wednesday that it will be difficult for the Bank of Japan to meet its 2% inflation goal within its two-year time horizon, noting that inflation expectations aren’t growing significantly.
Those of us who are daft™ believe that inflation is only a monetary phenomenon if the monetary authorities do some really spectacular helicopter drops. Ordinary buying and selling of securities will not do it. To be fair, the official, Naoyuki Shinohara, seems to think that central bank purchases of stocks or real estate investment trusts could do the trick, so he may not be completely daft™.
You relate “inflation is only a monetary phenomenon if the monetary authorities do some really spectacular helicopter drops”
Please consider the Dispensation Economist Manifest, which presents that Jesus Christ is at the helm of the Economy of God, and as presented by the Apostle Paul in Ephesians 1:10, is in administration of all things economic and political to fulfill and complete every age, epoch, era and time period. Through inflationism of the Banker Regime in particular through POMO and Quantitative Easing, produced peak moral hazard prosperity, peak wealth, peak democratic nation state sovereignty, peak banker seigniorage, through leveraged speculative investing by the issuance of debt and the practice of carry trade investing, on September 20, 2013, with the No Taper Rally, terminated liberalism. He has pivoted the world out of the paradigm of liberalism and into authoritarianism; where there will no longer be policies of investment choice and schemes of credit and carry trade investing; but rather policies of diktat and schemes of control and debt servitude
Now, Jesus Christ, in providing the Beast System, the Beast Ruler and the Beast Banker, as well as in providing the Four Horsemen of the Apocalypse, Revelation 6:1-8, is introducing a number of new things. These include, a new seigniorage, the seigniorage of diktat, and new dynamos, the dynamos of regional security, stability and sustainability, and a new trust, the trust in statist nannycrats, totalitarian collectivism, public private partnerships and debt servitude, and new economic action of destructionism, as well as a new action in nature, that being calamity and disaster, and new economic experience of poverty, as well as new economic life in regionalism.
Of timely note, Stefan Steinberg in WSWS writes New Reports Warn Of Mass Poverty And Social Decline In Europe. The social crisis in Europe is being consciously exploited by the continent’s political elite to affect a major redistribution of wealth from the bottom of society to the top
The fiat money system died September 20, 2013, with World Stocks, VT, Major World Currencies, DBV, and Emerging Market Currencies, CEW, trading lower; and the diktat money system is now in place for mankind’s economic and political action. There be no human action, as perceived by the Austrian economists and the Libertarians, rather only the action of Jesus Christ if providing the diktat money system.
For more, http://tinyurl.com/kd36y58