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2 sats \ 1 reply \ @stack_harder 19 Oct \ on: Pound struggles as investors flock to safe havens econ
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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