John Mauldin's taking out a yen loan to pay for his Dallas apartment

John Mauldin writes this weekly commentary, Thoughts From the Frontline, which is always horribly out of paradigm.

Now it looks like he's taking out a loan in yen to pay for his house in Dallas, TX.

This makes me want to go long the yen soooooo bad, I barely can hold myself back.

Look at Mauldin's ridiculous comments:

"The Japanese are in a situation where their only real path out (of a shrinking economy) is to devalue the Yen," Mauldin says in the attached video. "This is a country that is going on sale."

In fact, he's not only predicting the Dollar/Yen will slump to 200 versus the U.S. dollar in the next 5 years, he says he is planning to hedge his entire mortgage to Japan's weakening currency in hopes of paying for his new Dallas apartment.

"The country is dying. People are retiring," he says, adding that by the time "Abenomics" has run its course, "you'll be able to buy a Lexus cheaper than a Kia."

Further complicating their comeback is what he calls the "Demographics of Doom," which highlights the growing ratio of the country's retirees compared to those actively working. "When you're at debt-to-GDP of 245% you're beginning to run up against your limit to borrow money at rational interest rates," he says, defending the country's decision and course, yet he's also certain that "it doesn't end well."

"Run up against your limit to borrow." Haaaa!!!! Japan OWNS the yen. It doesn't borrow it. Same mistake they all make--Mauldin, Bass, Rogers, Schiff...all of these idiots.

What's incredible is that the truth is very much out there now. It's amazing that these guys keep repeating the same, tired, inapplicable story.

By the way, the only real thing weighing on the yen has been Japan's trade deficit, but that has now swung back to surplus, which means that Mauldin might end up paying a lot more for his apartment.