BREAKING NEWS
— Gold Telegraph ⚡ (@GoldTelegraph_) June 18, 2024
JAPANESE NORINCHUKIN BANK PLANS TO SELL ROUGHLY $63 BILLION IN US AND EUROPEAN SOVEREIGN BONDS TO STEM LOSSES FROM WRONG-WAY BETS ON INTEREST RATES
Japan.
Here we go…
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Got Gold!!!!!
UST are just unbacked fiat. Got Silver?
The Dollar should have collapsed long ago. The miracle is that it still has any perceived value.
Now replace Dollar with Government.
DR, perhaps a small nudge would be helpful.
Nah she is still the least ugly girl at the fiat dance. For now…
Saudi just kicked the ugly girl under the bleachers.
This article is brought to you by gold telegraph who wants to convince you to buy their products. The most recent data I can find is that Japan is the largest holder of US treasuries at 1.138 Trillion dollars. 68 billion is barely a drop in the bucket.
I disagree. 6% of total UST by one bank (not a country) is a large amount.
Oops, I meant 63, and this is not entirely US, it includes European as well.
“A government bond is a certificate of guaranteed confiscation.” — Franz Pick
When it does finally collapse is anybody’s guess. Keep in mind Mordor-On-The-Potomac has already gamed this scenario. They had pallets of debt bucks strategically placed back in the Y2K run-up just in case the banks went belly-up.
A thoughtful, informed, and educated population could see the potential economic problems heading their way. The American Sheeple do not have a clue and are too stupid to even understand. Read or re-read FAHRENHEIT 451 by Ray Bradbury. Pay close attention to Beatty’s soliloquy to Guy Montag about human nature.
TPTB will just introduce a dual currency, CBDC, currency devaluation, or some other financial scam to keep all of the shambling, texting, slack-jawed, mouth-breathing, brain-dead, celebrity/sports-worshipping, vaping Mall Zombies placated. Life is a vale of tears. Bleib ubrig.
“TPTB will just introduce a dual currency, CBDC, currency devaluation, or some other financial scam”
Blue Bucks