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Madinina
Joined March 2016
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1/20 PROVING THAT BITCOIN IS A LIQUIDITY DECOY WITH SIMPLE DIFF EQUATIONS.
“HODL” on to your socks. (a bit technical)
ALSO The Fed is semi-lying, in fact, about “We would lose control of interest rates without IOR.”
docs.google.com/document/d/1…
The Country which pulled its Gold out of the US does not care about lending and does not want to lend its Gold to the US.
There is no lending here.
So why would it even matter to the US that some Gold which is not the US property would leave the US?
It's their Gold and they don't give a fuck.
Jamie Dimon to a country that pulled its gold out of New York: you have three armies within 400 miles, while gold in America is protected by two oceans and the US military
“If we have the strongest military in the world and the strongest economy in the world, we will be the preeminent reserve currency. It is those two things.”
“I was in a country somewhere in the Middle East, and also in Europe, and the people said, we took our gold out of the vaults in New York City and moved it to our country. You know what I said to him? I said, you have three armies within 400 miles who can come take your gold.”
“That’s the real world. You’re not thinking clearly about safety. That gold is protected by the Atlantic, the Pacific, the United States military, the rule of law.”
“But if we are not the preeminent military and economy, you will see our reserve status come down.”
1/10
Let's stop being silly VanEck.
The situation of bonds is this.
Japan has radically changed its profile and that is THE ONE Market which is affecting all others in the West.
And it'd be nice to know your job. vaneck.com/us/en/blogs/emerg…
1/4 VanEck to the rescue.
I kid you not.
VanEck point is that the Eurodollar is fine because there are flows from the UK.
Yup they wrote that.
vaneck.com/us/en/blogs/emerg…
9/10 I wish the US would have demonstrations in the streets too because Bessent is planning budget cuts without lawmakers' approval (France riots are in large part due to 49.3 article that's coming for those cuts). But I don't think the US can push budget cuts that way. It would be nice though.
10/10 I don't think the US gov has yet realized that it has a herd of elephants in the White House oval office as far as the fiscal situation.
Elephant one 🐘
Let's never talk about deficit cuts in the US.
Elephant two 🐘🐘
Deficit do matter when the trading nation which accumulates the most USD DOES NOT recycle their USD into your debt
Elephant three 🐘🐘🐘
Let's pretend that the other nations which do not have a large USD accumulation can pick up the tab.
Elephant four 🐘🐘🐘🐘
Let's absolutely ignore that EVs and renewables reduce the need for USD denominated fuel in the very countries that are supposed to pick up the tab. The petrodollar does not exist!
Did Bessent get a shift at VanEck?
Another fun part with VanEck.
Petrodollar?
a) No mention of petrodollar and here it's fun because because China has 3% more ground transportation in Q2 with 11% less Diesel Volume and 8% less gasoline,
b) Europe is just crossing 30% in EVs in new sales while the mix renewables plus nukes is 48%+ 25% and climbing.
c) Now the guy at VanEck did not mention countries like Australia where Nat Gas demand is down 30% in a single year because of renewables...
Fuel denominated in what currency exactly?
1/4 VanEck to the rescue.
I kid you not.
VanEck point is that the Eurodollar is fine because there are flows from the UK.
Yup they wrote that.
vaneck.com/us/en/blogs/emerg…
Geoffrey Fouvry retweeted
Well I don't know how that can be the source of flows on the Eurodollar quite frankly if CHina does not recyble. Or maybe CHina lends money to the UK which in turn buys UST?
lol
Geoffrey Fouvry retweeted
But what is really important is that the dollarization should be naturally dependent on the country accumulating the USD in trade surplus and recycling and anything but that is happening.
So according to VanEck
a) China's falling balances of UST are irrelevant in the dedollarizaiton talk (they avoid the topic) because
b) The UK which has no natural trade USD balance in trade will create flows for the UST. really? 🥴
and
c) Japan is creating flows for the Eurodollar . wut? 😵💫
Japan has not been a net seller of USD but hell yeah a net seller of duration, so the argument from VanEck that Japan is helping the Eurodollar system today with flow?
The exact opposite is true, what are they smoking?
🌿🚬
1/4 VanEck to the rescue.
I kid you not.
VanEck point is that the Eurodollar is fine because there are flows from the UK.
Yup they wrote that.
vaneck.com/us/en/blogs/emerg…
1/4 VanEck to the rescue.
I kid you not.
VanEck point is that the Eurodollar is fine because there are flows from the UK.
Yup they wrote that.
vaneck.com/us/en/blogs/emerg…
3/4 I mean i have nothing against the Brits far from that, and they are committed to budget discpline.
BUT, the UK as a trade surplus nation ready to save the Eurodollar flow per VanEck's argument?
Seriously?
Do you guys at VanEck check the national accounts , UK's trade ?
4/4 The UK and the US are at the top of the list in terms of primary deficit BUT the UK is committed to discipline and that's a HUGE difference, but please don't bring the UK as the savvior of the Eurodollar flow while avoiding the topic of China's dollars -- for Lenin's or God's sake, depending on your confession.
The KFC restaurant in Miami which welcome Jair Bolsonaro is ready to welcome Flavio too.
Flávio fugiu para os EUA com a família. Fuga contou com ajuda de um grupo restrito de aliados no Brasil e nos EUA, que acionaram governo Trump para garantir a entrada do senador. Flávio deve entrar pela Flórida na tarde desta terça. Bastidores no @Metropoles.👇🏽metropoles.com/colunas/igor-…
