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0	6020	After the US and Japan joined forces, it was effective for a time, but the yen is now weak
6020	8620	again, returning to above 157.
8620	14360	Naturally, everyone is asking why the US would step in to save the yen.
14360	18320	It turns out that if the yen falls any further, the government would have to sell off a massive
18320	20820	amount of US treasuries to buy yen.
20820	23400	They are essentially trying to take advantage of the situation.
23400	27640	Well, there is analysis from others that if the yen raises interest rates, it will lose
27640	29440	使用它的手法是一件事的手法
29440	30440	而是一件事的手法
30440	32240	而是一件事的手法
32240	32840	MASTER
32840	34240	你认为你的意义上这个
34240	35440	MASTER
35440	43360	the main reason the US intervened in the yen was to successfully and indirectly prevent Japan from selling US treasuries to save the yen
43360	46800	because during the last wave when the yen broke past 160
46800	50140	the Japanese government spent 74 billion US dollars
50140	50560	right
50560	53180	and that 74 billion came from selling US treasuries
53180	53660	um hum
53660	57020	so what the US fears most right now is people selling US treasuries
57020	59660	because the US government itself has issues with its own debt
59660	61840	and what happens if they sell US treasuries
61840	63540	US bond yields go up
63540	69140	一次這些影響升,它會發生的大量大量的財產,
69140	72100	已經是40億億美元的財產,
72100	75460	所以他們要防止日本的財產財產財產財產財產,
75460	80580	而是一種一日的金錢是用日本的金錢用美金金錢
80580	83260	為美國政府的金錢
83260	85700	在很短的金錢
85700	88260	這就是一種稍後的一切
90500	94020	這程式是要訪 currency speculators
94020	96580	可能會嘗試的一日的情況
96580	97700	不太簡單
97700	99540	因為美國的金錢
99540	100980	所以如果你賣金錢
100980	102980	你會失去所有的錢
105460	107540	用这个方法转异的一年来,
107840	113020	从163或164或157或155。
113620	115920	但它是回到157现在。
116060	118360	所以它会有效果。
118360	119020	下一次,
119240	120440	美国会再次回应,
120680	121580	它会被回应,
121580	122740	它会被回应,
122880	123200	因为,
123400	125020	它的 agreement with Japan是 simply,
125420	126120	不买金钱,
126440	126700	然后,
126800	127860	不买金钱,
128240	129520	不买金钱,
129900	130900	然后,
131200	131440	然后,
131440	132000	我们要做什么?
132140	132280	然后,
132280	132920	然后,
132920	134100	我会把你钱,
134320	135280	用它们来务金钱,
135460	140900	and i'll lend you the money quote so this model might be used once or twice however it can only
140900	145800	be used once or twice after that it won't be effective it's ineffective now because what is
145800	150780	the core problem if the bank of japan doesn't raise interest rates the interest rate spread
150780	156040	remains the biggest issue for the yen the spread between it and the u.s dollar is around three
156040	164500	percent many japanese people are basically selling yen to buy dollars right in japan i borrow money
164500	169420	at only a 1% interest rate, and I take it to the US to earn 4% interest.
169700	170940	I'm just doing arbitrage.
171240	173400	Arbitrage, even if the amount isn't small.
173600	178700	If I use a large amount of money for arbitrage, that's a very substantial income, so if this
178700	181840	interest rate gap isn't resolved, the yen won't be saved.
182240	186660	On the other hand, there's Japan's economic fundamentals, because a currency's foundation
186660	187840	is the country's economy.
187840	191000	The Japanese economy hasn't shown any signs of improvement.
191240	194380	No improvement at all, and all of Japan's strengths are gone.
194500	199920	now if you wanna buy electrical appliances you buy either korean or chinese ones
199920	204780	do you still have japanese appliances right not many maybe only in taiwan
204780	207700	elsewhere not much you don't really see them anymore
207700	212760	when we were kids refrigerators washing machines tvs they were all japanese goods
212760	218840	yeah right all japanese even all those trendy electronic products were japanese
218840	221960	and japanese cars what can you say
221960	251960	中国的车货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货货�
251960	253800	日本的国家,日本,不
253800	257080	它的工程度已经失去
257080	260120	然后有盈人的股票
260120	261320	和务量的股票
261320	264440	然后有另一个大部分
264440	265680	他们在中国的货带
265680	267280	中国的货带
267280	268200	中国的货带
268200	269320	中国的货带
269320	299300	一切都不可能
299320	306900	as for kushida his only ways to save it are first beg the u.s for help i'd say asking the u.s for
306900	313260	help might have short-term effects but not in the long run second he says i'll just cancel the
313260	320200	consumption tax and many japanese people are saying that honestly the government is already
320200	326980	in financial trouble right and you still want to take an important tax source and do what with it
326980	328980	一旦你解释,
328980	331340	在日本人的募集中,
331340	332620	保留資金,
332620	333140	美金,
333140	335140	和社交平台的資金
335140	336140	和社交平台的資金
336140	338740	就一直被解释了,
338740	339220	所以,
339220	340820	在日本人的募集中,
340820	343820	人生的生活變得更加困難。
343820	344820	所以,
344820	346980	日本的財政局局是,
346980	348180	我應該說,
348180	349380	它已經被解释了
349380	351140	中央的地方,
351140	352420	在上的那裡,
352420	354820	有任何解释的解释。
354820	355320	hum
355920	359320	then rely on the US but to be honest, is the US reliable?
359920	362620	yeah, so the outlook for Japan is very bleak
363520	379020	right, although the US doesn't want Japan to sell off US treasuries, the fact is that China has been steadily reducing its holdings, having already sold off US$657 billion in treasuries and pivoted to buying over US$300 billion in gold
379520	381120	right, why is it like this?
381120	385760	The People's Bank of China has increased its gold holdings for 21 consecutive months,
385760	387760	and the scale is expanding month by month.
387760	393200	There are three reasons,geopolitical risks,the rising risk of US treasuries themselves,
393200	394640	and the unique nature of gold.
395200	399840	Of course,the World Gold Council also predicts that global official gold reserves will continue
399840	404720	to increase in the future.Including the second quarter of 2024, global central banks and other
404720	409600	official institutions purchased 289 tons of gold.Let's ask the ambassador for his take.
409600	414360	Yes, China's previous peak in US Treasury holdings was over a trillion dollars,
414720	419440	but over the past two years, they have been constantly reducing them, constantly reducing
419440	425560	them. From 800 billion to 700 billion, it has now dropped below 700 billion. I think they will
425560	431740	continue to reduce them, because in fact, China is also pushing for, well, local currency trading.
432460	437900	So, as the number one trading nation, they may no longer need such a large amount of US dollars
437900	441260	在手上,甚至是一件大利用的手法
441260	442620	是一件大利用的手法
444700	447340	所以,中国的仍然是持续持续持续
447340	448780	但是在中共的时代,
448780	450700	在美国的时代,
450700	453740	这些人的反共产党其实也有点语言
456780	457420	他们说,
457420	459660	中国的仍然是一件大利用的
459660	461980	我们有一个大利用的账截力
461980	463820	我们有一个方法,
463820	488150	是要把所有的金融费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损费都损
488152	492152	如果你保持中文字幕,我保持中文字幕,我保持中文字幕。
492152	493152	不?
493152	495872	在其他地方,
495872	500672	for an economy as large as mainland China's,if it doesn't have precious metals to anchor
500672	507272	its currency,it's actually quite vulnerable.
507272	512912	So I think for mainland China now,first,there's less need for the US dollar,so it's slowly
512912	515632	shifting away.
515632	522392	Plus,with the world's geopolitics spiraling out of control,you have to prepare for the
522392	524952	最適合的情况下,
524952	526232	最適合的情况下,
526232	528272	最適合的情况下,
528272	531352	最適合的情况下,
531352	533272	最適合的情况下,
533272	535192	最適合的情况下,
535192	536992	最適合的情况下,
536992	539032	最適合的情况下,
539032	541072	最適合的情况下,
541072	542872	最適合的情况下,
542872	544912	最適合的情况下,
544912	546912	最適合的情况下,
546912	548752	最適合的情况下,
548752	550912	最適合的情况下,
550912	552032	which is what they're doing
552032	560952	of course,this also serves as leverage against the US
560952	563812	I don't think mainland China will sell everything off
563812	567012	because holding those 500 billion is, frankly
567012	569112	a tool to keep the US in check
569112	571132	why?
571692	574072	whenever the US negotiates with us
574072	576152	US representatives always say
576152	578612	please,don't sell our treasury bonds
578612	579992	then mainland China says
579992	583972	fine, I'll hold your bonds, but you'd better not impose random tariffs on me.
584092	588132	This is a bargaining chip against the US if dumping 50 billion makes you suffer,
588512	592032	and I have 500 billion, I can even dump 100 billion.
592212	595992	If I dump 100 billion, honestly, where would I put that money?
596212	599032	Should I put it into gold, or keep it in treasury bonds?
599272	601552	Treasury bonds still pay interest, right?
601712	603612	So where else could you possibly put it?
603972	606832	You can't just absorb that amount of money all at once,
606832	613612	so are you going to buy euros instead or what else so i think for mainland china this continuous
613612	619292	reduction of u.s dollar holdings is a long-term warning and reminder to the u.s saying don't
619292	625492	provoke me or i'll dump your u.s treasury bonds dump them dump them and cause your economy major
625492	632712	problems so i think this is a tool for strategic maneuvering um for sunscreen i choose ks royal
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