tag:blogger.com,1999:blog-2207076947655236975.post7946514522824763639..comments2024-03-14T07:32:30.141+09:00Comments on Marketing Japan: Yen Devaluation Now Imminent? Being Called by Major Financials! Get out of debt - Get your financial house in order now!mike in tokyo rogershttp://www.blogger.com/profile/04977446676243085409noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2207076947655236975.post-32191794795835543962012-03-29T10:19:29.620+09:002012-03-29T10:19:29.620+09:00RE: taking out a loan.
It could work out fine I s...RE: taking out a loan.<br /><br />It could work out fine I suppose, or...<br /><br />In some countries facing economic troubles such as Greece and Argentina there's been times where individuals are limited as to how much money they can withdraw at a time. It's not impossible that could happen in Japan too.<br /><br />If you had $400 monthly payments to make and could only take out $200 per month, you'd be S.O.L.<br /><br />Even if you had a foreign bank account that might not do any good?<br /><br />You might say, well, I'll sell my gold to make the payments. There might be limitations there too? Or perhaps due to say, riots, the places to sell gold might be momentarily closed?<br />The value of social networks might shine about then?<br /><br />Who knows? Black swan landing?<br /><br />YMMV. ?<br /><br />- clarkAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2207076947655236975.post-90133093171105084322012-03-29T06:21:57.440+09:002012-03-29T06:21:57.440+09:00I said I was just reminded of the article, Andy. N...I said I was just reminded of the article, Andy. Nothing more.<br /><br />Andy "In Japan" wrote, "it seems as if monetary stabilization is never in the cards."<br /><br />Never say never. All kinds of black swans fly today.<br /><br />The big key to paying back any debt is having a means to do so.<br />Without a means to pay back the loan, you're in the same boat as those who are leveraged to the max.<br /><br />Also, isn't all debt based on a fiat system part of a pyramid scheme?<br /><br />Insert image of farmers who lost it all due to un-payable debts during the Great Depression, in the dust bowl, and during the 1980's farm crisis, here x.<br /><br />- clarkAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2207076947655236975.post-12765390131287426352012-03-29T00:22:16.111+09:002012-03-29T00:22:16.111+09:00So Mike, what do you suggest for folks like myself...So Mike, what do you suggest for folks like myself who are looking to get out of loonybin that the U.S. is becoming and who happen to really like Japan on a cultural level?Magister Aureliusnoreply@blogger.comtag:blogger.com,1999:blog-2207076947655236975.post-1668459274411465892012-03-28T16:41:25.435+09:002012-03-28T16:41:25.435+09:00It's simple math. A Yen devaluation will help...It's simple math. A Yen devaluation will help people and institutions who borrow Yen, and hurt people who save Yen.<br /><br />The government in Japan borrows an outrageous amount of money so they have an incentive to arrange for a devaluation by their co-conspirators at the Bank of Japan.<br /><br />I said nothing about using leverage or pyramiding, so the sage warning provided by Gary North is not particularly relevant, especially since it seems as if monetary stabilization is never in the cards.Andy "In Japan"https://www.blogger.com/profile/04505038501136945817noreply@blogger.comtag:blogger.com,1999:blog-2207076947655236975.post-88676688489999743172012-03-28T15:12:37.286+09:002012-03-28T15:12:37.286+09:00Andy "In Japan" wrote, "you should ...Andy "In Japan" wrote, "you should borrow as much Yen as you need, but convert the borrowed money into dollars or gold or some other stronger currency. It will become much cheaper to then pay back the borrowed money after any devaluation."<br /><br />I've been mulling over a Gary North article lately, your comment reminded me of this bit:<br /><br />"Debtors who learn how to play the pyramiding game in the boom phase generally go bankrupt after the monetary stabilization takes place."<br /><br />http://www.lewrockwell.com/north/north600.html<br /><br />It's a really intense article about money, history and crack-up-booms, perhaps it's relevant here?<br /><br />- clarkAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2207076947655236975.post-68017411530158193472012-03-28T09:20:22.734+09:002012-03-28T09:20:22.734+09:00A 40% devaluation puts the Yen right back where it...A 40% devaluation puts the Yen right back where it was 3 or 4 years ago, I believe. So this sort of move is not out of the question at all.<br /><br />However, if the Yen is to be devalued 40%, then it makes no sense to get out of Yen denominated debt. To the contrary, you should borrow as much Yen as you need, but convert the borrowed money into dollars or gold or some other stronger currency. It will become much cheaper to then pay back the borrowed money after any devaluation.<br /><br />If the people predicting the devaluation are correct, borrowers will be able to profit as a result of the devaluation.Andy "In Japan"https://www.blogger.com/profile/04505038501136945817noreply@blogger.com