Miscellaneous News

[Overbom]

"double standards" lol
Macaroon, you got played mate

https://twitter.com/i/web/status/1583493944398053383

 

[In4ser]

But can the devaluing yen is merely a secret tactic for Japan to go back before Plaza Accord ?
Because one of the Plaza Accord clause is to revalue the yen which kills Japan's economy, now there is a chance to reverse the yen. and Japan take it gladly

It's not just about a cheaper currency. Japan no longer has the same vitality and youth it did in the 1990s. Its industries and workforce have gotten old and complacent with existing business models which are no longer competitive 20-30 years later. This will not change because any real reform will be stymied by its traditionalist society and a population who are unable to adapt to change and think of new ideas. This is why their IT systems are stuck in the 90s with the widespread use of fax machines, physical paperwork, and coinage. It's slowly happening to the S. Korea and Europe and will eventually happen to China too.

 

[FriedButter]

But can the devaluing yen is merely a secret tactic for Japan to go back before Plaza Accord ?
Because one of the Plaza Accord clause is to revalue the yen which kills Japan's economy, now there is a chance to reverse the yen. and Japan take it gladly

It was ¥300 for $1 pre-Plaza. Right now it’s ¥150 for $1 and a year ago ¥100 for $1.

That level of devaluation is going to rock Japan off their chair alongside a lot of companies who own debt or bonds dominated in dollars.

edit: and let’s not forget about capital flight. Devalue it hard enough and you are going to spook foreign investors, domestic firms, and wealthy elites from staying in the Yen.

 

[SanWenYu]

View attachment 99885

Unfortunately this is not going happen. We will likely lose Juan Guaido because his master is about to ditch him for oil according to this FT piece.

If the US makes that move, how are those "more than 50 mainly western nations (who) established formal relations with a shadow opposition adminstration" going to follow up? Will Maduro accept them back?

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Venezuela opposition parties consider ditching ‘interim government’​

Plan could open way for US oil deal with government of Nicolás Maduro

Venezuela’s opposition parties are discussing a plan to wind up their “interim government” and abandon Juan Guaidó’s claim to be the country’s legitimate leader — belated recognition that the US-sponsored attempt to unseat President Nicolás Maduro has failed after nearly four years.

The end of Guaidó’s “interim government” would close the chapter on one of the world’s more bizarre diplomatic experiments. A coalition of more than 50 mainly western nations established formal relations with a shadow opposition administration to try to force regime change in Caracas after allegations that Maduro had rigged his re-election in 2018.

It could also pave the way for the US to ease oil sanctions on the Maduro government, opening up an alternative source of supply for western nations boycotting Russian crude due to its war in Ukraine.

 

[FriedButter]

Today, Elon Musk blew up Twitter and the Ukrainians.

Elon Musk has recognized Crimea as Russian since 1783 and proposed his own plan for resolving the conflict.

After that, Musk's account was attacked by bots. Musk also received expletives like ''fuck off'' from former Ukrainian ambassador to Germany.

Musk 's plan consists of 4 points:

https://twitter.com/i/web/status/1576969255031296000

And another poll:

https://twitter.com/i/web/status/1576994262226702336

Oct 3 - Elon Triggers the Ukrainians
Oct 4 - Elon Forced to buy Twitter.
Oct 20 - Elon says he is is overpaying Twitter by a lot
Oct 21 - Biden Admin considering to investigate Elon over his anti-Ukrainian stance (Twitter Deal could be blocked)

Maybe Elon doesn’t actually care about Ukraine. The more he bashes Ukraine and triggers the neocons/neolibs then the more likely the US Gov can bail him out the Twitter deal lmao.

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[siegecrossbow]

"double standards" lol
Macaroon, you got played mate

https://twitter.com/i/web/status/1583493944398053383

It is a rule based order. Don't bitch and moan please.

 

[daifo]

Comment below the tweet:

So wait Scholz wants to go to China meanwhile Ursula von der (Crazy)Leyen is sabre rattling about potential war with China in the near future? Europe is run by mental patients.

https://twitter.com/i/web/status/1583443645168226304

https://twitter.com/i/web/status/1583448279257612288

Maybe the US got some good dirt on her? I believe they got caught listening on Merkel

 

[supersnoop]

Europe is run by mental patients.

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Now that we got that out of the way... LET'S PARTY

 

[daifo]

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Now that we got that out of the way... LET'S PARTY

I guess they are different than "democratic" countries that implement sanctions to wage war, destroy people and countries?

 

[pmc]

The purpose of interest rates isn’t suppose to rescue the Yen. It’s to keep themselves from plunging off the cliff which is why the UK and EU are hiking unlike the Japanese. Only the Federal Reserve can rescue them (or anyone else for that matter) by lowering interest rates and thus weakening the dollar.

Federal reserve will not and cannot rescue Japan. This is the reason majority of US energy exports are going to Europa. US will have to put its own money on table to defend Eastern EU even in poorest states like Romania.
Japan make alot of noise but ultimately it has to deliver products and services that are needed in Middleast/ Europe in addition to US. complete solutions are preferable.