Japan: QE As Morphine For A Terminal Patient

Saturday, November 1, 2014
By Paul Martin

by Raúl Ilargi Meijer
ZeroHedge.com
11/01/2014

If and when a country resorts to having it central bank buy up – the equivalent of – all sovereign bonds it issues, the snake truly eats its tail, and not in a metaphorical sense. Japan eats it children, most of them as yet unborn, to keep its rapidly ageing population contented and in relative wealth, because the alternative would cost Tokyo’s financial-political power cabal their jobs and heads.

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