Yen went on a free fall to a 24 year low yesterday. It is the third largest fiat currency in the world. Japan is also the largest holder of US treasuries.
Yen went on a free fall to a 24 year low yesterday. It is the third largest fiat currency in the world. Japan is also the largest holder of US treasuries.
they're trying to destroy demand to alleviate the supply shortages by raising the cost of money. it won't work because the problems are on the supply side (prices will keep going up as businesses struggle to make a profit) and demand for essentials can only fall so far, but it will have a wonderful impact: the middle classes will be out for blood over the next couple of years. by destroying the fascist economic base, they're ensuring that angry fascist mob takes power.