Gold Telegraph
@GoldTelegraph
The Bank of Japan has just raised interest rates for the second time in nearly two decades.
0.25%
The show has started.
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Gold Telegraph
@GoldTelegraph
The Bank of Japan has turned the economy into a massive financial welfare addict.
The central bank holds 53% of Japan’s total outstanding government debt.
When I call Japan a circus, people think I’m joking. I am not.
“They are starting to panic as this prolonged monetary experiment has started to catch fire…”
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Gold Telegraph
@GoldTelegraph
Japan’s currency intervention to support the yen in the past month was worth $36.6 billion.
This is now confirmed.
They came into the market twice.
Wild.
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Gold Telegraph
@GoldTelegraph
The UK government transferred nearly £45 billion to the Bank of England to cover its losses from the past year.
Read that again.
Spooky hours have arrived.
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Gold Telegraph
@GoldTelegraph
Gold rolling.
Over $2440.
The foundation…
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Gold Telegraph
@GoldTelegraph
Every time Jerome Powell speaks gold runs.
He is an excellent promoter.
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Gold Telegraph
@GoldTelegraph
“Gold is a hedge against stupidity.”
It is on full display.
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Gold Telegraph
@GoldTelegraph
Welcome to the era of gold.
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Gold Telegraph
@GoldTelegraph
Tether says that its holdings in U.S. Treasuries would rank it as the 18th largest holder if it were a country.
The irony here is so perfect.
The punchline?
Digital QE.
