• whalesmoker@lemmy.ml
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    3 months ago

    It seems like a rigged economic system. Years of wage stagnation, meanwhile Japan earns more through manipulating and engineering the bond market to flow capital into the financial capitalists pocket.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      2 months ago

      The reason Japan’s currency is collapsing is cause of the pressures on it which result from the very mechanics of the yen carry trade. There is nothing of the sort happening with yuan.

      • baffled_and_aghast@lemmygrad.ml
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        2 months ago

        Oh certainly, I agree - it’s just that this dude is the source of all those famous CHINA COLLAPSE - IT’S OVER - TWO WEEKS - FINISHED thumbnails from a few years back so like a stopped clock he doesn’t inspire confidence even if he’s right this time.