Yen Collapse Suggests We Are At The Tipping Point Of Keynesian Failure
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If there's one myth that Keynesianism has ingrained successfully into the sound money gold and silver community, it's that higher rates are the solution to higher consumer prices. We are about to see that myth blasted into subatomic pieces so small it will conclusively demonstrate the existence of quarks.
The yen is collapsing as we speak, and the mainstream is blaming it on the fact that the Bank of Japan refuses to hike rates. However, if the BoJ does raise rates, the yen will collapse even faster, a tight correlation we've seen since 2015.
Once the Keynesian world at large understands that higher rates are now synonymous with what they call "inflation", they'll be completely out of options. It may only take one more panicked hike by the BoJ to finally slay the "higher rates equals lower inflation" dragon, at which point the deep, dark realization of what the Central Banks have done to their currencies may finally take its gold and silver shape.
Video Length: 00:17:35
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Disclosure: None.
To all you ‘Buy the dip Stonks never go down crowd’ … you better start watching Bonds and FX because the BOJ is giving you a preview of what the dollar is going to do. At first you think it’s great because stocks go higher and higher (happening now) and then when the clowns in government push too far (passing bills for foreign aid which is an attempt to save the dollar) the currency eventually collapses (coming soon to a theater near you).
$COPX $FXY $GLD $SLV $SPY
Every empire must fall. It just takes time. We are following the same path that every great empire followed on it's way down. We have been for a while. Might not fully happen in our lifetime.
$SPY
It's going to happen within a year. All by design. Nothing organic about it. It's a big club and we ain't in it.