Remember how a 16 year old rich crypto kid made Mario Nawfal taking a picture with a shoe on his head, after being approached by him to receive an investment offer for Bitclout?
GLOBAL ECONOMY EXPLAINED:
Japanese holders own $1.14 TRILLION of America’s paper.
America is now buying Japan’s paper.
America is buying Japan’s paper by SELLING European paper.
Japan is simultaneously spending tens of billions buying its own paper.
Japan has already spent more than $100 BILLION defending its paper this year.
And one reason America wants to help defend Japan’s paper?
Because Japan may otherwise have to SELL America’s paper to defend Japan’s paper.
Which could push up the yield America has to pay on its paper.
PAPER BACKING PAPER BACKED BY PAPER TO PROTECT PAPER.
AND THIS IS HOW WE LIFT THE LIVING STANDARDS OF EVERY MAN, WOMAN AND CHILD ON EARTH 🤡
The market is in a risk-off mode after the Fed held rates unchanged, triggering a sharp sell-off in the Dow and a spike in bond yields. Tech earnings are mixed, with $Meta disappointing and raising fears about AI spending, while industrial and #semiconductor names like Ford and SK Hynix show strength.