…of the commissariat of Finance which pours
fire into the rear of the bourgeois system (Preobrazhensky – partner of Lenin)
Oh wait, I misremembered that. In fact he said
The banknote-printing press is the machine gun of the commissariat of Finance which pours fire into the rear of the bourgeois system.
But, as the USDJPY is controlled entirely by Kuroda’s printing speed I guess it amounts to the same in this particular situation.
So. As I explained here – “this might hurt a little”.
And it looks like the Doctor has just started to up the amps.(USDJPY at comdirect)
Expect a major Central Bank freakout right now. Deutsche Bank (quote at comdirect) is on the ropes (again). You might remember them from their admission of Gold price rigging and their 70 tn USD derivative book. Which, when it blows up, will leave a crater the size of “The West”.