by LostHoldenCaulfield
Yesterday, I read a lot of game-changing pieces of news. All in one day. Unbelievable.
Some of them are:
twitter.com/markets/status/1615258675987320832
www.arabianbusiness.com/politics-economics/saudi-arabia-open-to-non-dollar-trade
and more
But most importantly
twitter.com/zerohedge/status/1615450667362967583
And the recent BoJ’s decision to defend the bond’s cap
Do you get it? They have decided to sacrifice Yen and cause hyperinflation in order to delay their bancruptcy for just a few more years. We have been talking about if for many years but to see it happening right before your eyes is crazy. Of course they can modify their decision in the following weeks but it’s meaningless. They intend to maintain solvency even if it means becoming a Zimbabwe (I should probably say Weimar Republic, because the African country uses gold now 😉 .
You never go full retard. And they have just done that… Expect an increasing loss of faith in Japan, its currency and bond market. They want to destroy the value of Yen and they are open with it…
But it’s not just Japan. The ECB and the FED are chickening out as well. Market prices in a full stop in hiking in coming months.
FIAT currencies are doomed. That’s why the price of gold is climbing to test last highs. The proverbial endgame is already here.
At some point “an event” will occur…
Special thanks to people who provide news here.