Protecting the US Dollar
Japan is sitting on a debt time bomb and recent moves to push the central bank to target inflation have made it more likely the bomb will explode in the next 24 months, hedge fund manager Kyle Bass told CNBC’s “Street Signs” on Friday.
With Japanese debt 24 times central government tax revenues, “when you sail into that zone of insolvency nothing you can do can help in my opinion,” the Hayman Capital Management founder said.
Read More at CNBC . By Justin Menza.
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The Sound Money Institute is and educational organization dedicated to the stability and soundness of the United States Dollar. Faced with unprecedented pressure to spend beyond its means the United States Government has pressured the Federal Reserve Bank to monetize the debt or in other words they are printing currency to fund deficit spending by the US Treasury.
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