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58 sats \ 1 reply \ @IamSINGLE 11 Jul \ on: Japan intervenes in the currency market econ
Can they intervene forever? Seems like this will only sustain till a few months or may be days!
first of all, Japan has a lot of firepower in the form of American government bonds at the central bank. in principle, it is of course possible that the central banks and start acting in a coordinated manner and devalue their fiat currencies at the same pace. then the game can go on for quite some time
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