Miscellaneous News

FriedButter

Major
Registered Member
Please, Log in or Register to view URLs content!

Japanese yen crashes​

The currency plunged after the Bank of Japan ruled out an interest rate hike

The Japanese yen hit its weakest exchange rate against the US dollar since 1990 on Thursday, dropping to 150 yen to the greenback.

I remember someone saying why do all the central banks around the world follow in lockstep when the US raises interest rates. There is your answer. You don’t raise rates = your currency loses value because it’s not worth holding your currency if the other has better rates. Dollar is up against the Yen by ~44% since 2021.
 

Biscuits

Major
Registered Member
Oh snap that means Liz will get another shot doesn’t it.
Liz Truss is the Great Guide of Britain, the core leader of the British people. It is impossible for her to be truly gone. This is just a conspiracy of the Sunak and Boris cliques. Soon, a righteous wave of true British patriots will sweep aside these pretenders and restore the leadership to the true leader of Britain. When the revolution is over, Liz Truss will be recognized as Peerless Leader, not only surpassing Xi Jinping, but even Winston Churchill and Joseph Stalin.
 

ACuriousPLAFan

Brigadier
Registered Member
Liz Truss is the Great Guide of Britain, the core leader of the British people. It is impossible for her to be truly gone. This is just a conspiracy of the Sunak and Boris cliques. Soon, a righteous wave of true British patriots will sweep aside these pretenders and restore the leadership to the true leader of Britain. When the revolution is over, Liz Truss will be recognized as Peerless Leader, not only surpassing Xi Jinping, but even Winston Churchill and Joseph Stalin.
Try again. The UK is now run by Your Honorable Mrs Lettuce now.

 

siegecrossbow

General
Staff member
Super Moderator

...and I am reminded of Julian Assange's words:


Always a forever war. That's what US want in Ukraine as well. US are using the people of Ukraine as sacrificial lambs in their proxy war against Russia.
The war, therefore if we judge it by the standards of previous wars, is merely an imposture. It is like the battles between certain ruminant animals whose horns are incapable of hurting one another. But though it is unreal it is not meaningless. It eats up the surplus of consumable goods, and it helps to preserve the special mental atmosphere that the hierarchical society needs. War, it will be seen, is now a purely internal affair. In the past, the ruling groups of all countries, although they might recognize their common interest and therefore limit the destructiveness of war, did fight against one another, and the victor always plundered the vanquished. In our own day they are not fighting against one another at all. The war is waged by each ruling group against its own subjects, and the object of the war is not to make or prevent conquests of territory, but to keep the structure of society intact.

It is literally 1984!
 
Top