Source: BullionStar – Currency devaluation becomes the solution to all economic problems
Days before Shinzo Abe became Japan’s prime minister in December 2012, he remarked “Central banks around the world are printing money, supporting their economies and increasing exports. America is the prime example. If it goes on like this, the yen will inevitably strengthen. It’s vital to resist this.”
Shinzo Abe’s remarks summarized a prevalent theme in central banks’ attempts to jumpstart their domestic economies today – money printing. I prefer to call it currency printing since it is fiat currencies that are being created out of thin air.