Oddbean new post about login | logout The US bailing out Japan in an attempt to prevent them from dumping their US treasuries is a signal that you should be paying attention to. https://www.tftc.io/us-bails-out-japan/
Oof size: large.
They also bailed out Swissbank but still failed, a lot more are coming it's the nature of the ponzy nostr:nevent1qqswr76zfx0yq6p2maq4u8qdygtteffuc57m78qtgwrfener8vdhhdcpz3mhxue69uhhyetvv9ujumn0wd68ytnzvupzq3e0gs8jnmued6f2rp4c6vs07xqvs4vs8zpwt82smcdch4txjvq7qvzqqqqqqy9sfv7x
https://image.nostr.build/4f78b52ee6d92434782e68f20cc5d1eb50bca81813e84bd81f183fdbcaf44e43.gif nostr:nevent1qqswr76zfx0yq6p2maq4u8qdygtteffuc57m78qtgwrfener8vdhhdcpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzq3e0gs8jnmued6f2rp4c6vs07xqvs4vs8zpwt82smcdch4txjvq7qvzqqqqqqy8d33u0
Agreed with @Parker Lewis about this. Reaction of ordinary Americans? “No idea it happened or how any of it works.”
If Japan starts it will only be the first of many.. that's the real fear. US debt is no longer the Pristine risk off asset it used to be, and almost everyone understood it and is act accordingly..
Bailing out countries that look like they might sell US bonds? I see nothing that could go wrong there. Surely other countries holding bonds will not notice and keep pretending their bonds are worth something. nostr:nevent1qvzqqqqqqypzq3e0gs8jnmued6f2rp4c6vs07xqvs4vs8zpwt82smcdch4txjvq7qqswr76zfx0yq6p2maq4u8qdygtteffuc57m78qtgwrfener8vdhhdc9sanjy
japan is the one central bank that is not playing the game. they have the bis, fed, BoE, ECB all seriously concerned. japan holds some serious cards.
The yen carry trade , underwritten by the superhuman work ethic and productivity of the Japanese salaryman, has kept the west afloat for about 4 decades. That perpetual motion machines wheels are now falling off. The west's economies will sink without a trace.
