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caust1cyesterday at 6:16 PM5 repliesview on HN

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.


Replies

avensecyesterday at 7:01 PM

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.

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drakytheyesterday at 7:02 PM

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.

lkeyyesterday at 10:01 PM

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.

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UltraSaneyesterday at 6:55 PM

The Yuan is never going to be a global reserve currency with how opaque the CCP is.

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rednafiyesterday at 6:23 PM

> 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.

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