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MikeCristo8
@MikeCristo8
THE DOLLAR IS SO OVER…remember, the dollar is no longer pegged to Saudi oil (OPEC).
For those that don’t believe the Fed won’t raise rates tomorrow, remember, the dollar is no longer pegged to Saudi oil (OPEC).
> Assuming you say Powell won’t raise rates, you want to see oil price bleed down to $50 bbl within an hour? The dollar is inflating (maybe early hyperinflation) against a collapsing oil price, The Fed needs to raise rates to give a reason for the billionaire class to want to hold worthless dollars, Otherwise it’s OVER! And even then, the China gold RV, It will still be over!
To those that doubt my analysis:
>Oil is crashing
>Powell hikes tomorrow
>Japan is selling dollars (bonds). The Bank of Japan really blows up.
>Dollar has no oil anchor. Because of the oil anchor the dollar created, and through the bank of Japan and inflated Ponzi assets, the jig is up folks (bye-bye USD).
>Oil price will now continue to collapse.
>And so will U.S. Treasury bond yields.
Now do you all see why Powell must raise rates, but for all the wrong reasons? Because the dollar no longer settles global oil trade. US10Y is going to collapse.
Question: Why would the Bank of Japan pay a higher interest rate to hold UST bonds (on their balance sheet) when the dollar is no longer anchored to oil? At a time when the BoJ just did massive QE to keep their yields down, and now BoJ yields are going to collapse anyway. It’s sooo over for the USD dollar. And the Bank of Japan, because the dollar no longer has an oil monetary anchor.
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Now Japan is dumping as fast as they can….
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