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ECB Debasement Is Akin To Work Of Devil – Risk Of “Rapid Currency Depreciation”
• http://www.zerohedge.com, by Tyler DurdenThe rash of central bank massive liquidity injections is continuing to support gold as traders bet on the inflationary consequences of such significant largesse.
The BOJ (Bank of Japan) ramped up its asset buying and loan programme, by ¥10 trillion ($127 billion) to ¥80 trillion which led to Japan’s total public debt surging over the 1 quadrillion mark.
1 quadrillion is a very large number and is ¥1,000,000,000,000,000 or 1 with 15 zeros after it.