
Episode 16: Weekly Roundup 08.07.2023
Peter St Onge Podcast
00:00
Introduction
Last week the Bank of Japan shocked markets by announcing big changes to its decade-long flood of cheap money. Will Japan now join China pulling trillions out of the US taking out the cheap money propping up our ruling clowns? So what happened? The Bank of Japan announced they're winding down their decade-long yield curve control, a system of manipulating interest rates so money is cheap to borrow without hurting pensions and banks. That policy has already driven trillions offshore seeking higher returns,. And now those trillions could be going back to Japan.
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