🚨 CLARITY ACT PASSAGE JUST BECAME ALMOST IMPOSSIBLE.
Wednesday's cloture filing did not include the CLARITY Act, meaning the standard Senate process no longer allows a Friday vote.
The only remaining paths would be unanimous Senate consent to fast-track the process or extending the session into the weekend.
Senator Lummis said she believes the Senate will stay past Friday and hold a vote, but that remains unlikely.
The US is on the brink of falling behind.
BIG BREAKING 🚨 META admits illegal content was amplified on its platform. It also informed the government that paid promotions were used to target specific audiences 🤯
Astronomers warn of possible MOON BASE as they spot 20+ giant UFOs
The Main Astronomical Observatory in Kiev captured disc‑shaped objects between 15 and 25 miles wide
The team believes that the craft could reach Earth in 20 minutes
Misleading headline.
Japan owns $1.4T of U.S. treasuries.
Japanese currency was under pressure because inflation was rising and BOJ is too scared to increase rates which should have led to stabilization of JPY… but they have old scars of severe deflation hence reluctant to fight nascent inflation.
But BOJ can intervene in currency markets.. sell dollar and buy yen to support their own currency.
But the “Dollar” assets are all invested in US treasuries worth USD 1.4T
So basically to support yen they need to sell US treasuries and then use the USD to buy yen
Now US is scared of Japan selling U.S. treasuries because it could destabilize U.S. treasury markets and raise funding cost for heavily indebted U.S. govt.
US treasury decides to do its own part and intervene in currency markets to help BOJ and tell market that U.S. treasury is also watching closely the DLRJPY and will not allow JPY to continue depreciation
But U.S. treasury did not sell USD to buy JPY in this intervention… they used Euro ( from their FX reserves) to sell it vs JPY and buy JPY to support yen. Why did they not use dollar and used euro to sell against JPY .. because if they would have used USD instead of Euro, market would have taken it as a signal to weaken US dollar.
They also did one more thing.. they opened a facility for BOJ ( which till now could be used only by US banks in case of emergencies)… now BOJ need not be fearful .. and is now getting arm twisted to use this facility in which BOJ can use its holdings of US treasuries as collateral and borrow USD to intervene in currency markets without selling their stash of U.S. bonds.
I also read a note by the famed Zolton poscar where he hinted that .. US treasury can actually buy 30/40 year JGB bonds to support the imploding JGB bond market.
So Japan doesn’t need to sell USD bonds and U.S. treasury might buy long dated JGB with the yen it has accumulated through its recent intervention… you scratch my back and I scratch your back.
Confetti money my friends… cash is going to be complete trash… and savers should be punished for saving after understanding what US treasury secy did this week.
No wonder every damm risk asset is breaking out .. it’s like cash should be converted into an asset before it loses its value.
The Yen carry trade is dying.
Before April 2025, the USD/JPY currency pair showed a close correlation with the 10Y rate differential between US and Japanese bonds.
This was driven by investors borrowing in Yen to fund higher-yielding US Dollar assets through the carry trade.
That relationship broke down after "Liberation Day," when trade war uncertainty triggered a surge in market volatility and forced investors to unwind some of their carry trade positions.
Meanwhile, the 10Y Treasury note yield is now trading ~2.0 percentage points above the Japanese 10Y Government Bond Yield, falling -1.0 percentage point since April 2025, near the lowest gap since 2021.
Yet, USD/JPY continued to move higher as the US Dollar strengthened against the Yen, despite the narrowing yield gap, breaking away from the interest rate differential that historically drove the pair.
In other words, the carry trade is losing its influence, with the Yen no longer driven primarily by rate differentials as investors increasingly price in Japan’s heavy debt burden and rising debt servicing costs.
Japan’s rising debt costs are becoming impossible to ignore.
💥ELON MUSK'S JAW-DROPPING PREDICTION:
"DON'T GO INTO MEDICAL SCHOOL."
ELON MUSK: "YES. POINTLESS."
IN 3 YEARS (2029), OPTIMUS ROBOTS WILL BE BETTER SURGEONS THAN ANY HUMAN ON EARTH — AT SCALE.
BY 4–5 YEARS? NOT EVEN CLOSE.
THE BEST MEDICINE IN THE WORLD WILL BE FREE — BETTER THAN WHAT THE PRESIDENT GETS TODAY.
@CaptKylePatriots
Bill Gates had a Q Clearance and a private editor at NIH.
Across nearly twenty years, the Bill & Melinda Gates Foundation built a relationship with the federal government that ran on personal access as much as formal partnership. I'm releasing the documents. 🧵
BREAKING: 5 central banks and 28 major financial institutions successfully test tokenized cross-border payments.
5 central banks include:
- Bank of England
- Bank of France
- Bank of Japan
- Bank of Korea
- Swiss National Bank
28 major financial institutions include:
- Basler Kantonalbank
- BNP Paribas
- BNY
- CaixaBank
- Citi
- Deutsche Bank AG
- Eurex Clearing AG
- Hana Bank
- JPMorgan Chase Bank N.A.
- KB Kookmin Bank
- Lloyds Banking Group
- Mizuho Bank
- MUFG Bank Ltd
- NatWest Group
- NongHyup Bank
- PostFinance Ltd
- Shinhan Bank
- Standard Chartered
- Sumitomo Mitsui Banking Corporation
- TD Bank N.A.
- UBS
- Woori Bank
🚨NEW: Strategy says it will continue selling Bitcoin when beneficial and will no longer allocate 100% of future capital raises to BTC purchases.
Michael Saylor says the company has moved away from allocating all new capital to Bitcoin, opting to maintain a mix of USD reserves and BTC for sustainable growth.
BREAKING: 🇯🇵 Japan sold US dollars and bought yen in a massive currency intervention after the yen fell to a 40-year low.
🇰🇷 South Korea also intervened, selling US dollars to support the won in a rare move alongside Japan.
– Reuters
🚨DR. FAUCI WAS CAUGHT ON TAPE!
Doctor Fauci: "When you make it difficult for people in their lives, they lose their ideological BULLSH*T and they get VACCINATED." 💉💦
Translation: The Covid-19 pandemic was a hoax, and the vaccines were dangerous. ☠️