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Russian gas cut off from Japan. Yen in free-fall to maintain competitiveness. BRICS bloc buying up insane amounts of gold. Yen turning to funny money vis-a-vis gold. The new global system is taking shape before our eyes. 🇯🇵🌏 https://t.co/lY8Z1EhKq1
The sharp rise in the JPY/USD is causing a massive unwind of Yen carry trade positions and contributing to the sharp decline in US stocks. For those who do not understand how this works, a brief explanation
1) Many traders were borrowing Jap Yen (JPY) at low interest rates, converted them to USD and used this to buy US... See more
A LITTLE NOTE ABOUT BULLION LEASE RATES👇
Silver may be in short supply but the internet’s ability to wheel out a seemingly endless array of experts to explain previously arcane topic never disappoints.
Overnight, suddenly EVERYONE has become an armchair expert in the usually esoteric domain... See more
Izabella Kaminskax.comAccording to Scott Bessent, when it comes to trade negotiations, the surplus nation always has the most to lose. China risks losing out on under-consuming and buying a bunch of Treasuries & MBS. We risk losing out on living beyond our means and getting China to finance our debts.
Peter Schiffx.com