Since when did the Japanese yen become a sage heaven currency that you flee to from the pound? Or these are just some random after the fact explanations of the price that demonstrates ignorance of the author.
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2 sats \ 1 reply \ @stack_harder 19 Oct
in terms of all the fiat currencies, i don't think i have ever heard of the yen being classed as a safe haven currency, Swiss Franc, sure but the yen? it's lost like 30-35% value against the usd alone in a decaede
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0 sats \ 0 replies \ @Solomonsatoshi 20 Oct
Correct- they pay the interest on their staggering debt by QE - printing more yen!
But increasingly all the USD subservient fiat currencies are doing this.
We are headed for collapse of the petrodollar based global hegemony under which Japan, .S.Korea, Australasia, UK and Europe have been monetarily and militarily subservient tribute states to the US of A.
Princes of Yen is a must see doco to understand this.
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25 sats \ 0 replies \ @Solomonsatoshi 19 Oct
What can you make without rare earths?
Silence.
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