Japan's Prime Minister Shinzo Abe has had his country printing more money than the Federal Reserve. In fact, the amount they have printed has made the Federal Reserve look like it's running off a home printer. Japan did this all to try and stimulate their economy through consumer spending. How?
Let Me Explain
The idea of global Federal Reserve banks has been to create inflation. By creating inflation you increase prices. If the consumer knows that prices will be higher in the future, they will buy today. At least that's the theory.
Just days ago, Japan announced that instead of a growth rate of more than 2%, the economy had actually shrunk by more than 1% -- a shock that was felt around the globe. If the country that printed more money than anyone else just slipped into recession, what chance does Europe or the United States have? To take it a step even further, if printing that much money did not stimulate continued long-term growth, does printing money even work? And that's a truly scary thought.
Which Begs The Question
Has the global Federal Reserve policy of printing money done anything but set us up for a major catastrophe? Time will tell and -- unfortunately -- we'll find out and suffer the consequences if their 'theories' prove wrong.