All central banks are crooked Ponzi schemes, but Japan’s makes that of the United States look relatively virtuous. True Japanese prosperity ended in the late 1980s. Since then, it’s just been a Kabuki theatre of increasingly laughable nonsense, with the central bank thrust into the humiliating farce of being the country’s only customer for its bonds and actively gobbling up equities which are, under a harsh eye, actually worthless.
As such, the Japanese Yen is beginning to resemble toilet paper, as even the pathetic U.S. dollar looks positively Herculean in comparison. I suspect strength will beget strength.
I’m all about the truth. My charts are about the truth. And the reason this planet tends to rub me the wrong way is that it is obsessively dedicated to fraud, falsehood, and deceit. The central bankers are the absolute apotheosis of this stinking, fetid pile, and it’s heartening to see the global market start to recognize and punish them for their sins.
As such, even the absurdly-overly-supported Japanese stock market (which peaked literally four DECADES ago) has met its match in the form of this trendline.
Let’s just say the next few years are going to be awfully, awfully interesting.
