Gold Telegraph
@GoldTelegraph
Norinchukin Bank posts $5.8 billion loss. This is a major bank in Japan.
As reported months ago… The bank is looking to sell $63 billion of U.S. and European bonds.
Follow the trail…
Remember, the Bank of Japan owns more than half of all government bonds outstanding in Japan.
Read that again. There is a reason gold is nearing all-time highs in the country.
Auto loan delinquencies in the United States have now reached their highest level since 2010. You don’t hear about it much.
Japan and China are the two biggest holders of the US government debt in the world, and they have been dumping.
Who is buying? Tether.
Oh, I love the irony. The jokes write themselves; this is getting too easy.
Context:
⚫ Japanese investors sold a RECORD $61.9 billion in U.S. securities in Q3 2024.
⚫ Chinese funds offloaded $51.3 billion, the second-largest amount ever recorded.
Nobody should sleep on this.
I can assure you the Federal Reserve is watching this closely.
— Gold Telegraph ⚡ (@GoldTelegraph_) November 19, 2024
BREAKING NEWS: EUROPEAN CENTRAL BANK IS WARNING THAT THE PROSPECT OF HIGHER TRADE TARIFFS INCREASES THE RISK OF DAMAGING SHOCKS TO THE GLOBAL ECONOMY AND THREATENS THE STABILITY OF THE FINANCIAL SYSTEM
Here we go again…
“Higher tariffs could have an adverse effect on global economic growth, inflation and asset prices, the central bank said…”
Debt serves as a temporary jolt of prosperity at the expense of future generations. But what do you expect? Our world has morphed into an era of zero attention spans with the pursuit of easy fixes.
Never underestimate the power of stupidity when one sees money at the end of the stick.
Money can buy you many things, but it will never buy you three things:
1) Loyalty
2) Family
3) Happiness
The world continues to get dangerous, driven by a mix of greed and ignorance.
