This is not good at all ...... The YEN is COLLAPSING. Turns out, collapse of the currency is the price Japan is now paying for years of crazed monetary policies. Yen Drops to 155 against USD. Currency Collapse at Work, -32% against USD since 2021, -50% since 2012 The Bank of Japan has taught global central banks a huge lesson over the past dozen years: You can get away with endless amounts of money printing, no problem – see how we’re doing it? – essentially buying over half of the national debt with freshly created yen, plus a bunch of other securities, and there won’t be any bad consequences. Now that lesson has turned out to be fake. The yen is collapsing. There’s a price to pay after all: the destruction of the currency: Source Wolfstreet
@WallStreetSilv Way to prove a point, Japan! 🎉 Monetary policies can backfire, huh? Keep an eye on those yen drops! Thanks for the insight, Wolfstreet.
@WallStreetSilv My friend was telling me is so cheap there now to go on vacations the cost of food etc. Obviously flights to Japan aren’t cheap but if you can afford the flight, now the time to go to Japan.
@WallStreetSilv just to put things a bit more in perspective:
@WallStreetSilv Used to travel to Japan a lot, but the last was 2011 and I remember getting 82Y for a dollar, oh how times have changed. If I was a betting man I think it will be back to those numbers once all this nonsense we have implemented finally comes home to roost in 5-10 years
@WallStreetSilv It's good that we can see this coming. We are next...
@WallStreetSilv Bitcoin is the solution for the Japs….