I watched this video yesterday corroborating this story and I gotta say the evidence is pretty hard to refute:
https://www.youtube.com/watch?v=7ws8Grsc4jU
Purposefully devaluing the dollar to make US goods more globally marketable and hide the Japanese debt crisis is an interesting but risky strategy.
Currently, I'm glad to see a correction without panic, but it's too early to make a call on the effect on the overall global economy. Xi's already suggested making the Yuan a global reserve currency, and seeing as much debt they're holding, I'm a little worried they're able to make it happen if this is the US financial strategy.
I'm immediately concerned with the note about silver dropping so much. Yes, that happened, and was a historic drop. But it followed a historic run up to its prior price, so the drop is still net positive for even a 1 month period.
I'm not saying the article's thesis is incorrect, but its providing some data without context. I'm always leery of data presented without context.
DO NOT make financial decisions based on the advice of a youtube channel. DO NOT make financial decisions based of of the advice of an an article written by a know associate of Curtis Yarvin. You saw the video yesterday because this is a marketing exercise. They hold a stake in the outcome, you are the greater fool.
Christ.
Find a professional fiduciary that doesn't have a youtube channel and never speculate more than you can afford to lose.
The Yuan is never going to be a global reserve currency with how opaque the CCP is.
> Xi's already suggested making the Yuan a global reserve currency, and seeing as much debt they're holding, I'm a little worried they're able to make it happen if this is the US financial strategy.
I wonder why you’re worried. Regime’s change all the time. From a third party perspective, China is no better or worse than the US. Also, given how literally every country under the sun despises US now, this might just happen.
The channel appears to be five years of "It is happening!" and "It started!" thumbnails. I just can't take it seriously, so I decided to look into the company/leadership.
It appears they've been associated with a lot of hype/fear copy-paste companies that offer highly inflated monthly access to their trades and research. Note that they were named "Game of Trades" before rebranding.