The epic crash in the currency circle, we once again witnessed history.
We will remember August 5, 2024, as Black Monday. Scholars in the currency circle researched all day and found that the reason for the crash was not only in the currency circle, but the global financial markets were also experiencing a black swan event. This indicates that global capital is about to undergo the largest reshuffle since the 2008 financial crisis.
And this time, we are all witnesses. On the same day, the currency circle collapsed, the US stock market collapsed, the Japanese stock and bond markets were suspended, and the daily index fell by one and a half. The Shanghai Composite Index wiped out all the gains of the past year. Seeing this, the scholars in the currency circle were also shocked.
The Korean stock index also fell by more than 10% at one point, creating the largest drop since the 2008 financial crisis. At the same time, the exchange rate of the RMB continued to rise today. The offshore RMB against the US dollar once rose above 7.09. The market expects that the Fed's interest rate cut in September will change from 25 basis points to 50 basis points, and the change in expectations will lead to a global shift in the landscape.
So who is the mastermind behind the scenes? Who caused this global black swan event? I see that most of the news in the market is basically saying that the main reason for this global storm is the interest rate hike in Japan. The scholars in the currency circle in Shanghai have heard about this.
Wall Street is playing a perfect game of deception. Everyone knows about the non-farm payroll data last Friday. From the perspective of news analysis, the bearish factors outweigh the bullish ones, but the actual result is bullish. The number of US non-farm payrolls in July fell sharply to 114,000, significantly lower than the expected 175,000. The unemployment rate reached 4.3%, the highest level in nearly three years, which directly triggered the economic recession indicator of the beautiful country. In simpler terms, when the unemployment rate in the beautiful country reaches a certain level, the economic recession begins. So the US stock market plummeted, with the Nasdaq falling by 2.43%, and Intel and Nvidia falling by more than 26% and 7% respectively.
The scholars in the currency circle found that the market value of the seven giants in the beautiful country has increased by 12 trillion US dollars. The stock god Buffett not only sold half of his Apple stock, but also reduced his holdings of US banks for 12 consecutive days. At this time, everyone should be able to see that the stock god is bearish not only on one industry, but on the entire global financial market.
Some friends asked about the relationship with the Japanese and Korean stock markets. The relationship is very simple. The yen is the shadow currency of the US dollar. International capital borrows the cheapest funds in Japan to invest globally, especially Wall Street and US capital led by Buffett are all borrowing yen to buy in Japan, pushing Japanese stocks to a new high in 34 years, making a lot of money.
Now that Japan has announced an interest rate hike, borrowing yen is no longer profitable. What would you do? The answer is simple: sell the yen. Obviously, Wall Street is shorting the yen and the global financial markets, including the currency circle. The Japanese stock market suffered a bloodbath from Wall Street.
Many people in the Korean currency circle may not understand, but it's simple. The Korean stock market is supported by semiconductor technology companies such as Samsung and Hynix, which are originally backed by US capital, so the trend is tied to the US stock market.
So the summary of the mastermind behind the scenes is the Federal Reserve controlled by Wall Street capital. There is no need for too much prediction. News will soon come out to stabilize the market and cheer everyone on. Remember not to forget the pain on this day.
I am a warrior in the currency circle, always protecting the retail investors. I wish my fans to achieve financial freedom in 2024. Let's cheer together!
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