- Federal Reserve leaked potential rate slowdown to Wall Street Journal.
- Tokyo is suspected of intervention as the Yen becomes more volatile.
- Crypto Twitter calls out the legacy financial system.
Samson Mow, CEO of Pixelmatic and JAN3, urged his followers to buy Bitcoin with fiat money as the legacy financial system becomes increasingly untrustworthy. Mow quote tweeted a thread by Twitter user @stackhodler breaking down suspicious movements in the market.
Twitter user Stack Hodler posted two screenshots in a thread comparing two incidents. The first tweet captioned “Early Friday morning, global bonds were selling off rapidly. It looked like something big was breaking. And then the Fed leaked a potential rate slowdown to the WSJ. Investors piled into bonds, providing liquidity to the treasury market at a strategic moment.”
The screenshot includes a tweet by Wall Street Journal Reporter Nick Timiraos
Some officials are more eager to calibrate their rate setting to reduce the risk of overtightening. But they don’t want to dramatically loosen financial conditions if and when they hike by 50 bps (instead of 85). This meeting could allow officials to get aligned on next steps
In their second post, Stack Hodler shares the trading view of the US Dollar vs the Japanese Yen. The tweet starts by mentioning how the Yen sell-off is trending on Japanese news while the government plans to spend $133 billion to fight inflation.
“Since the Japanese bond market is rigged, the currency took the brunt of the market’s disapproval. Then they intervened. Again.,” the tweet continues. The Yen has fallen by 20% against the US Dollar in 2022. On September 22, Japanese authorities confirmed they had intervened to prop up the Yen for the first time after 1998.
Even though authorities have been silent since then, chances are Tokyo has most likely executed stealth intervention to support the currency.
Stack Hodler compared how both events took place at the same time, calling it a coordinated manipulation. Adding that the current global monetary system is held together by tweets, leaked articles, and coordinated currency interventions.
Jan3 Founder and CEO, Samson Mow retweeted Hodler’s post urging people to purchase Bitcoin with fiat while they still can.
Agreeing with the original post, he shares that the legacy financial system is entirely disconnected from reality and operates independently of real-time factors including human productivity, trade, or energy, and is bound to collapse soon enough.
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