Recently I found something quite interesting on Peter Schiff’s Twitter channel (Peter David Schiff is an American stock broker) containing:
If I notice the strategy from the BOJ (Bank Of Japan) is similar to one of the Celsius $ CEL lending and borrowing platforms. When I will owe $1.2 trillion to buy Yen, after that I will buy the Yen Government Bonds / JAPAN GOVERNMENT BONDS 10 YR YIELD
This strategy looks similar to “Debt to cover other Debts” . The way of Peter Schiff himself, in my opinion, is the way of suicide. Yen should be valued in gold so that it is not devalued and it is not easy to be printed carelessly.
What will happen if the return given is too large ??
- One of the problems when the promised return is too large is when the state defaults on borrowing its debts to the public in the form of bonds. Maybe it will reduce people’s welfare and reduce the country’s economy itself.
- Another bad thing is that people will appear who are looking for loopholes from these large returns. Same is the case with George Soros (the man who rocked the British and Asian economies)