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Japan intervenes in the currency market

The limit was obviously reached at 162 yen per dollar. The Japanese central bank has supported the yen with massive interventions and stabilized it again for the time being. The astonishing thing is that interest rates on US government bonds, which had to be sold beforehand for this purpose, continued to fall, so there must have been massive demand for US government bonds on the market at the same time. Possibly the European Central Bank again? It is trying to stabilize the interest rate spraid between euro and US bonds in order to avoid capital flight.

#Japan #eu #eurozone #yen nostr:nevent1qqspuc93zvx0sczkuyeuxrhchp8yl8qdtkhhm0p45nqxl9qr62ej6jqzyzrr7tz42fmwnmtn3yempmlwdvppqsh3dc2jnht42uzgsku8lmscxqcyqqqqg2g730p2n

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Discussion

Des Imoto マキシ 1y ago

The whole system is so broken, it can’t be fixed. We need to begin afresh. So simple too. Just #Bitcoin.

Ghost of Truth 1y ago

They will defend this dream bubble of fiat money, and they will do so in a coordinated way, until the last moment. And I don't think we're very close to that yet.

Des Imoto マキシ 1y ago

The good thing is they are weak and they are greedy. Initially, #Bitcoin appeals to greed as, during the transition, it’s purchasing power increases so much. Blackrock already broke ranks. As soon as it’s obvious that #Bitcoin will rise, they’ll abandon ship. I think that threshold is around $100k-$150k.

Only after hyperbitcoinization will #Bitcoin flow to value, and ultimately end up in the most productive hands. That’s when the will lose, because they’ll spend more than the earn.