Miscellaneous News

nugroho

Junior Member
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.
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
 

In4ser

Junior Member
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

Major
Registered Member
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.
 
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SanWenYu

Captain
Registered Member
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

Major
Registered Member
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:


And another poll:


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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