China’s money printing dwarf’s US & Japan
The startling graph below illustrates the extent to which China’s central bank is needing to prop up their stressed economy by printing money. The world’s second biggest economy and the driver of much of the post GFC recovery efforts is dealing with slowing growth and credit bubble threats. Japan, the world’s 3rd largest economy decided this week to continue its $74b/month money printing also. WGC reported this week that global gold supply decreased in 2013 despite record demand. Can you spot the difference between the ‘money’ that can be printed from thin air and the money that has limited supply?