BTC084: Japanese Yield Curve Control, Oil, & Bitcoin Macro w/ James Lavish (Bitcoin Podcast)
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 29 June 2022
⏱️ 78 minutes
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| 0:00.0 | You're listening to TI-P. |
| 0:30.0 | Among many other interesting topics, James is a total wealth of knowledge and I have no doubt you guys are going to really love this conversation. |
| 0:37.0 | So with that, let's play the intro. |
| 0:42.0 | You're listening to Bitcoin Fundamentals by V, Investors Podcast Network. |
| 0:47.0 | Now for your host, Preston Pish. |
| 1:00.0 | All right, hey everyone, welcome to the show. I'm here with James Lavish. James, welcome back to the show. I enjoyed our last chat with Greg and the others. |
| 1:08.0 | It was a blast and I'm excited to just go one-on-one here with you. |
| 1:13.0 | Yeah, I'm excited to be here. Thank you for having me back. That was awesome. It was super fun. |
| 1:18.0 | So we thank you for having me present. |
| 1:20.0 | Oh yeah, my pleasure. So when we were talking with Greg, we covered this a little bit which was the Japan piece and this story just seems to kind of get more interesting by the day, right? |
| 1:31.0 | They kind of exploded onto my radar. |
| 1:34.0 | And when you asked that question in the first interview or our first podcast, you said, what are you looking at? What charts are you looking at? |
| 1:43.0 | I said, I'm really watching the yen because this is wild what they're doing. |
| 1:47.0 | It is wild. |
| 1:48.0 | And it's not anything different than they've been doing all along. However, they've diverged from what the Fed is doing so severely now that it has just been like everybody. |
| 1:59.0 | You start to hear people talk about a lot. You know, Lucas talked about Linus talking about it. You're talking about it. Greg and I are talking about it. |
| 2:06.0 | It's something that it's like you're watching the slow motion train wreck and there's nothing you can really do except just watch these guys continue this. |
| 2:16.0 | So for the benefit of your audience, what's going on is that the Bank of Japan has instituted a policy that just like we've been doing all the way up until this point of the day. |
| 2:28.0 | And the point of quantitative easing they have said that they're going to keep the 10 year JGB's point to 5% and they're going to buy every single bond that is offered to keep it at 0.25% |
| 2:42.0 | And as you know, as we've talked about before, that puts a tremendous pressure amount of pressure on their currency because if you have investors, other sovereigns who are selling the yen selling these JGB's and then they get yen for those. |
| 2:56.0 | So sell that yen out because they don't want to be holding yen. And of course, the yen just it's skyrocketed against the dollar meaning it's a reverse quote in the market. |
| 3:07.0 | So when it goes from 120 to 130 to 1 it's headed to 140. That's a major negative move in the yen. So this is the release valve. |
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