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THE JAPANESE YEN IS CRASHING RIGHT NOW AND THE US OFFICIALLY STEPS IN BECAUSE IF THE YEN COLLAPSES THE US GOVERNMENT COULD GO BANKRUPT AND HERE'S EXACTLY WHY JAPAN JUST BURNED $53 BILLION AND BOUGHT LESS THAN ONE DAY. READ THAT AGAIN: USD/JPY dropped from 162.80 to the 157 handle intraday, per Bloomberg. Do you understand what that means? - That's possibly the largest single-day currency intervention in Japan's history - It wasn't enough. The yen is already back ABOVE 160 in under 24 hours - Japan already spent roughly $73 BILLION since late April defending this same currency - That's over $126 BILLION in a matter of months just to keep one exchange rate price - The BOJ held rates at 1% through the episode - the intervention did should have done - Reports point to US involvement - the first joint action in a decade BREAKING: Treasury Secretary Scott Bessent's visible "to-do" list at Camp David revealed a proposal for the U.S. to buy $5 billion to $10 billion worth of Japanese yen, per Reuters. BREAKING: The US Treasury sold euros to buy Japanese yen on Friday, per FT. The New York Fed executed the sales on the Treasury's behalf, through Goldman Sachs and Morgan Stanley. Notably, the Fed drew down euro reserves rather than dollars to fund the purchases. It marks the first time the US has intervened to buy yen, and the dollar has fallen to its worst level against the yen since 1986. SO THE US SOLD EUROS AND DOLLARS TO JUST TO YEN AND SUPPORT PRICE JUST IN: Japan expected to announce Monday a coordinated U.S. intervention to support the yen after it hit a 40-year low. The joint yen-buying follows Japan's estimated $59,000,000,000 in prior intervention. HERE IS US HAD NO CHOICE JAPAN HOLDS SERIOUS LEVERAGE OVER THE US THEY ARE THE LARGEST FOREIGN OWNER TREASURY BONDS ON THE PLANET Why has the U.S stepped in and started actively buying the Japanese Yen? Here is explained simply: The Japanese Yen just hit a 40-year low- And Japan is the largest holder of U.S. treasuries. To strengthen the yen, Japan sells foreign currencies (U.S. treasuries) and uses the proceeds to buy yen. If Japan were forced to liquidate a portion of its Treasury intervention, that level push Treasury prices lower. Of course, U.S. borrowing costs are already under pressure. The 30-year Treasury yield just climbed above 5.2% which is its highest level since 2007. At the same time, roughly one-third of U.S. government debt must be refinanced within the next year. The government will have to roll trillions of dollars of debt at today's much higher interest rates... By buying yen alongside trying to stabilize the currency even more Treasuries and costs higher. The yen may be Japan's collapse would quickly become an interest-rate problem. KEEP DEFENDING COMPLETELY THEY WOULD HAVE HAD TO SELL US TREASURIES AT A RECORD PACE AND THAT WOULD CRASH THE US TREASURY BECAUSE RIGHT NOW THE 30 YEAR TREASURY YIELD IS ALREADY SITTING ABOVE 5.2% A LEVEL SINCE THE FINANCIAL CRISIS THE US IS ALREADY STRUGGLING WITH DEBT BUT IF JAPAN STARTED DUMPING TREASURIES ON TOP OF THAT YIELDS WOULDN'T JUST RISE THEY'D SPIKE WORST POSSIBLE YEAR THE US GOVERNMENT HAS TO REFINANCE A THIRD OF ITS ENTIRE NATIONAL AND IF REFINANCING AT THESE ALREADY BRUTAL US DEBT ESSENTIALLY UNSERVICEABLE AND THE ENTIRE ECONOMY COMES CRASHING IT AND NOW FOLLOW ME FOR MORE UPDATES