The "What is Money?" Show US Dollar Endgame: Hyperinflation Is Coming with Peruvian Bull (WiM492)
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Jul 12, 2024 Financial expert Peruvian Bull discusses hyperinflation, the US Dollar endgame, Japanese monetary policy history, yield curve control, impact of central banks owning government debt, transition to a new global reserve currency with Bitcoin, implications of Dollar Milkshake Theory on the decline of the US Dollar, and exploring Bitcoin as a financial barometer and China's gold demand.
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Japan's 1990 Bubble
- Japan stimulated a massive credit bubble in the late 1980s, peaking in 1990.
- The Imperial Palace's value exceeded California's real estate, highlighting the bubble's extremity.
Japan's QE
- Quantitative easing (QE) was first implemented by the Bank of Japan in 2001 to combat deflation.
- QE involves creating bank reserves and swapping them for assets on commercial bank balance sheets.
Yield Curve Control
- Yield curve control (YCC) involves manipulating the entire yield curve lower through unlimited bond purchases.
- The Bank of Japan uses YCC to prevent a sovereign debt crisis due to Japan's high debt-to-GDP ratio.