MikeCristo8
@MikeCristo8
This tweet (below) dated 12/20/23 was five months premature.
But now as I wrote back then, Japan has no choice but to dump dollars.
Why? Because OPEC is selling oil in yuan currency. The U.S. Treasury bonds on the BoJ’s balance sheet are now only worth 30-40 cents on the dollar.
Yen is now hyperinflating. Now onto gold standards. The world’s central banks are dumping off-balance sheet dollar reserves in the trillions.
The U.S. Treasury is broke. The Fed prints or we default.
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MikeCristo8
@MikeCristo8
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Japan is massively dumping dollars.
Why would Japan pay a FFR of 5.5% to hold USD’s (as reserves) in the carry trade if the USD is no longer anchored to Saudi oil?? Same thing with British Pound.
ALL these G7 currencies will massively deflate, This is what happens to the G7 currencies that are no longer anchored to a monetary asset (gold/oil), You remove the dollar oil peg, G7 currencies become worthless and start deflating.
SoftBanks bonds are worthless. SoftBank has collapsed. And now China is in complete control of the world’s physical gold price as well as now the oil price.
G7 currencies will now massively collapse De-dollarization,
Currency wars
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