reply on: Will the yen's crash now be followed by a chain reaction? \ stacker news ~econ

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75 sats \ 19 replies \ @TomK OP 27 Apr \ parent \ on: Will the yen's crash now be followed by a chain reaction? econ

I think the US have clearly issued a ban on selling us government bonds. We all know why.

42 sats \ 18 replies \ @siggy47 27 Apr

The US has been exporting inflation and destroying other currencies for years. What leverage do they have?

117 sats \ 12 replies \ @0xIlmari 27 Apr

https://tradingeconomics.com/japan/exports-by-country

I think the US would be ready to wage another trade war to protect their fiat hegemony.

21 sats \ 0 replies \ @Satosora 27 Apr freebie

Waging war makes the economy go around.

0 sats \ 10 replies \ @TomK OP 27 Apr

We are already in the midst. The Europeans now joining the club

21 sats \ 9 replies \ @Satosora 27 Apr

Production ramps up, people get behind the war machine.

0 sats \ 8 replies \ @TomK OP 27 Apr

but the problem is the disintegration of international trade, which is leading to massive productivity losses. too much capital is being destroyed, and the goods and services that people need are not being produced in sufficient quantities. the damage is very multifaceted, not least at the geopolitical level, where we are now also seeing the world breaking up into two blocs.

42 sats \ 7 replies \ @Satosora 27 Apr

One block always wins though. You think the world will actually take chinas side? No one wants to see that happen, and no one will let it happen.

0 sats \ 6 replies \ @TomK OP 27 Apr

Except of the growing brics bloc

42 sats \ 5 replies \ @Satosora 27 Apr

bricks of gold?

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54 sats \ 3 replies \ @TomK OP 27 Apr

Geopolitical power. Imagine how fast they could crash the japanese bond market by one or two rate hikes more

42 sats \ 2 replies \ @siggy47 27 Apr

True, but that was the case last year around the time when the regional banks were failing, and I believe the BOJ intervened right in the middle of the mess.

54 sats \ 1 reply \ @TomK OP 27 Apr

I think if we now add the ECB into the puzzle, that the major central banks are trying to coordinate to get out of this mess. so I think it will go back and forth. but the Americans will of course hold the geopolitical leverage

42 sats \ 0 replies \ @Satosora 27 Apr

They can only hold that postion if they are infallible. Everyones perception of the us dollar is changing.

42 sats \ 0 replies \ @Hamstr 27 Apr

Exactly! They do not have jurisdiction. Though knives are slowly turning against US, or maybe just my imagination?

I find it impossible for a nation to fund proxy wars, impose censorship, fund failing banks etc. all while telling Americans that boys can become women and vice versa. The cracks are surely there.