Japan’s Last Stand

6

by Michael Pento

There is a popular American military term called a “last stand”, which is meant to describe a situation where a combat force attempts to hold a defensive position in the face of overwhelming odds. The defensive force usually sustains very heavy casualties or is completely destroyed, as happened at Custer’s Last Stand. General Custer, misreading his enemy’s size and ability, fought his final and fatal battle of Little Bighorn; leading to complete annihilation of both himself and his troops.

The Japanese government is now partaking in a truly unbelievable measure to expand its QE program in a desperate attempt to devalue its currency and re-inflate asset bubbles around the world. In other words, Japan is constructing its own version of a “last stand”.

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