Why Nostr? What is Njump?
2024-05-14 05:04:30
in reply to

peruvian_bull on Nostr: The absolute level matters, but so does the pace of increase of the new debt. Japan ...

The absolute level matters, but so does the pace of increase of the new debt.

Japan was able to kick the camper so long because I’ve insanely low monetary velocity and a positive current account which means they had excessive capital to defend their currency and with rates being low globally, there wasn’t any pressure building up.

Now, with federal funds rate above 5%, and the Japanese still close to the zero bound, the massive carry trade is opened up and is pushing the yen weaker and weaker

It’s hard to say on timeline, but I would say definitely within this decade the Fiat financial systems is going to reach breaking point

As for adding bitcoin to Substack, I don’t have an option, but if you just zap me the sats on my Alby wallet and DM me your email I’ll add you manually
Author Public Key
npub1xwmyzp64xx03kw9ecd7fzsj3e9dgwah6an0rdng0cc6ux4dswwjs28pyyc