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71 sats \ 3 replies \ @TomK OP 4 Jul \ parent \ on: Yen in free fall econ
But always keep in mind that Japan is the strategic partner of the US in the Pacific region. the euro, the moment it became a threat as a reserve currency and settlement layer, immediately became the enemy of the dollar. The Fed will not let the Bank of Japan fall and will offer sufficient swap lines in the event of liquidity problems in the euro-dollar market. I am not so sure about the ECB
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101 sats \ 2 replies \ @siggy47 4 Jul
Yes, I agree. It might even happen with the euro in the unlikely event that it becomes disorderly. If either currency gets in real trouble the whole world will be devastated. I'm talking about these gradual declines, which slowly make life miserable for the average citizen.
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71 sats \ 0 replies \ @TomK OP 4 Jul
and the debt continues to accumulate point that means that the money supply has to be expanded further and the currency continues to lose purchasing power accordingly. the lower classes of society are literally being pushed into the ground. disgusting
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71 sats \ 0 replies \ @TomK OP 4 Jul
and the debt continues to accumulate point that means that the money supply has to be expanded further and the currency continues to lose purchasing power accordingly. the lower classes of society are literally being pushed into the ground. disgusting
reply