- End Game: When Central Banks Own Everything
by Jeff Berwick, https://dollarvigilante.com/
Imagine if you and your friends could legally counterfeit money. How long would it take for your group to own everything in existence?Get this! The Bank of Japan bought a record amount of exchange-traded funds in 2018 totaling more than 6 trillion yen. The central bank now owns 77 percent of the nation’s ETF market.Meanwhile the BOJ Governor sees no problems with its purchases, shrugging off criticism that their growing presence is distorting the market.I recently traveled to Argentina with my beautiful wife, where we toured the Mendoza wine vineyards and enjoyed a lovely horseback ride to celebrate her birthday. We were exploring a new expat development, which I’m excited to report on soon (through The Dollar Vigilante newsletter), but as news broke regarding Japan’s stock market edging toward nationalization, I realized this was the most important story of the week that was being ignored!So, as I’m enjoying getting back into the habit of recording “walk and talk” videos, I dove into this topic in detail and covered how it affects us all.
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http://socioecohistory.x10host.com/2019/05/04/end-game-when-central-banks-own-everything/
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