(TRUNEWS) The Bank of Japan’s (BoJ) announcement Friday to endorse negative interest rates is really the U.S. Federal Reserve outsourcing their program of quantitative easing (QE) to world.
Rick Wiles, Host of TRUNEWS, said that the BOJ’s announcement is clearly an example of the global “out sourcing of quantitative easing by the Fed [U.S. Federal Reserve],” and that this was simply a move to “sucker retail investors back into U.S. markets, to drive Wall Street above the 17,000 mark again before the doors close.” Rick added that this move in conjunction with the announcement in late November by the New York Stock Exchange (NYSE) to ban stop orders on February 18th, did not bode well for American investors.
The BoJ’s governor Haruhiko Kuroda’s announcement comes on the heels of a similar move by the European Central Bank’s (ECB) head, Mario Draghi, who said this week that he will be increasing the $1.63 trillion stimulus program to the EU in March.
Rick Wiles has said previously on TRUNEWS that because of the central banks decisions back in October of 2015, to double down on global currency devaluation and QE stimulus programs worldwide, the collapse of the global banking structure is well on its way. This latest move could act as another significant accelerator to those ends.
The post BoJ endorses QE outsourced by US Fed appeared first on TRUNEWS with Rick Wiles.
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