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MikeCristo8
@MikeCristo8
The time has come where G7 currency swaps won’t save the system.
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MikeCristo8
@MikeCristo8
All of these G7 fiat currencies against the oil trade, are now worth zero.
That’s why the market is collapsing.
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MikeCristo8
@MikeCristo8
Japan could literally crater 15-20% over the next several hours.
Iran won’t even need to fire one missile.
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MikeCristo8
@MikeCristo8
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We are in a situation where if you’re a billionaire.
Holding U.S. dollars in the bank like Warren Buffet, is actually a liability because he won’t be able to sell those dollars to get back into an asset class.
Because the world (85%) is no longer accepting dollars for trade payment.
This will be the downfall of the globalists.
In order for the dollar to have value, you have to get other countries to use it.
Not happening this time.
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MikeCristo8
@MikeCristo8
Markets will tank once everyone realizes the Fed isn’t going to cut
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MikeCristo8
@MikeCristo8
It’s 9:34PM in Tehran and Iran hasn’t attacked Israel
It’s not going to happen.
(Remember @SecBlinken said it would happen on Monday? Bloomberg too?)
BRICS is crashing the dollar instead.
China-Russia will never allow the U.S. to attack Iran.
The macro investors can’t admit the oil trade has collapsed the dollar and yen.
The financial crash is over oil.
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The fiat currencies now have zero value against the oil trade.
The BRICS gold-backed unit is up and running.
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MikeCristo8
@MikeCristo8
This goes along with my thesis.
OPEC is not selling oil in yen nor dollars.
They have to unwind to system.
Japan has to return to gold-standard.
And Powell has to let the market crash.
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MikeCristo8
@MikeCristo8
The Fed and the BoJ are doing currency swaps to resurrect the Nikkei and keep Japan afloat.
Japan still has to liquidate U.S. Treasuries.
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