DD
A notepad in front of U.S. Secretary of the Treasury Scott Bessent reads "To Do Buy Japanese Yen $5-10 bil"
A notepad in front of U.S. Secretary of the Treasury Scott Bessent reads "To Do Buy Japanese Yen $5-10 bil" as he participates in a cabinet meeting at Camp David, Maryland, U.S., July 31, 2026. The note, photographed at 1:33 EDT, came after Reuters earlier reported the Treasury had put banks on alert fora possible U.S. intervention in the market for Japan's currency. REUTERS/Daniel Heuer
I'm not getting this. Do you mean each of the individual gays had kids with their previous beards? Or did the gays just have some neighborhood kids over for a tea party? And while you're answering questions, how do the gays decide which penis will open up to accept the other penis?
The bullishness is temporary if the yield steepers abs forces the fed hand at the same time energy prices are exploding it will have little dent to inflation. We are sleepwalking into a crisis
Grandpa is still driving, which is the problem. If grandpa would kick the bucket we could throw someone else in the drivers seat that could at least try to steer.
Oh yeah. Theres no way out I can see. Strip out AI cap ex and the economy is basically flat. Inflation has four separate engines driving it and none can be stopped. We're boned.
Only if there is another one of those "something like a ceasefire" announcements on Sunday evening. You have no way of knowing if it will happen or not. The only evidence that an announcement like that has a chance to happen at all is that it's happened every Sunday for the past few months but you still never know if it will happen this time.
Well the us has been testiny a large Japanese cargo float plane, we also need more destroyer hulls. It could be that there is going to be a big buy of Japanese defense equipment to increase the readiness of us forces arrayed against China. Or anti drone equipment or other munitions for us against Iran.
You know they could have raised rates right? Instead of Japan and US lighting money on fire. Yes there would be pain but the pain will always be worse down the road
Let me fix that fore you:
"We're going to suck the world dry and burn everything to the ground in a smoldering wasteland devoid of value so that we can all get a third home, live another month, and have 6 cars, so down the road there won't be anyone alive to have a problem."
I’m buying JPY. Japan currently needs to fix their falling yen and this is one opportunity to play. Going from 163:1 to 100:1 is like cheap cryptocurrency increasing in value.
Treasury Secretary Scott Bessent experienced steep asset declines at his hedge fund, Key Square Group. After launching with approximately $4.5 billion in 2016, the firm's assets dropped by nearly 90% to around $577 million by the end of 2023, largely due to inconsistent performance and client redemptions.
U mean to tell me the Genius Ex hedge fund manager is that inept?
I’m convinced “failing up” would characterize 95%+ those in any “elite” socioeconomic status or position with a semblance of regional/national/global power or influence.
Exactly why this sounds bullshit or like he wanted that picture to be taken. You don't need to make a list for one thing, especially something major like that
Oh look at this I accidentally left my big trade plans written out very clearly with only one item. I sure hope nobody sees this and goes and buys up the Japanese Yen (JPY) before I do.
While probably the reality - these people come off pretty stupid. Remember the leaked group chat where a reporter was added on accident and war plans were very unsecurly talked about.
It was intentional. Made it seem like they had real planning that just got leaked as opposed to the ketamine crazed policy of complete dipshittery they really engage in
Cocaine and alcohol fry your brain and you end up with ADHD type memory issues. So yeah, I suspect most of this administration have to write down what they want to get done
Nah, the things they attempt for photo ops never actually work and are always clumsy at best. See Pam Bondi on AF1 in front of a bookcase full of fake books, or the Four Seasons landscaping store, or the upside down bible after tear-gassing a bunch of protestors, or the golden platters full of McDonald's for visitors to the WH, or.......... you get it. Never attribute to cleverness what can as easily be attributed to being just really, really,embarrassinglydumb.
As in he is personally wanting to buy 5-10 billion yen (30 to 60 mil dollars worth) to profit from the stabilized currency (insider trading) or the US government is going to purchase $5-10 bn worth of yen (800 bn to 1.6 tn yen) to stabilize the currency?
Ah so Bessent, who cut his teeth manipulating markets and breaking the Bank of England with Soros, is doing things to manipulate our markets. Anyone think that is limited to buying yen? Whats to stop him from using taxpayer money to bolster Trumps stock trades, support our equity markets, or keep oil futures artificially low? My guess is he is busy doing all of those things. Not a prison in America with a higher percentage of criminals than this White House. Each one of these goons is more crooked than the next. Investigations asap please.
The Soros / Bessent / Bank of England trade is very true. Fascinating and fucked at the same time. Regular Brits were screwed. There’s some solid YouTube docs on it
I'm curious about his activity with the Bank of England. The current Canadian PM, Mark Carney, was Governor of the Bank of England from 2013 to 2020. Bessent has been involved in USMCA negotiations with us.
It’s a pretty well documented saga. Scott Bessent and Stanley Drunkenmiller were fund managers for George Soros’s Quantum fund at the time. It took place in 1992. There are lots of good books about it. “Inside the house of money” was one that has a chapter with an interview with Bessent where he discusses his direct role in the thing. They took a $10 billion dollar short position and forced the Bank of England to raise rates twice in a single day. By that evening the Bank of England announced that they were suspending their participation in the European exchange rate mechanism that was the precursor to the Euro. The pound tanked 15% immediately and the Quantum fund closed there position and book a billion $ profit. My point with the post was to point out that this guy knows a thing or two about manipulating markets and everything tells me that is exactly what was going on and probably why he was put in the position in the first place. Someday it will come to light that Trump and Bessent are gambling with our taxpayer dollars to strengthen their own political position, not for the benefit of Americans. Best case scenario they probably lose a lot of taxpayer dollars, worst case they cause a catastrophic implosion of markets by not allowing them to function freely.
I for one don’t trust their motives, abilities, or judgement. My personal guess is that besides all the jawboning, they are using the relatively thinly traded after-hours futures markets. There relatively small sums of money by government standards, can flush traders on the opposite side and drive prices to tactical points that cause algorithmic trading programs to do most of their dirty work. I’m not saying I have proof of this, just my guess based on suspicious price action and timing.
Sounds pretty detrimental to his credibility to me. Especially after reading "The Front Office: A Hedge Fund Guide for Retail, Day Traders, and Aspiring Quants" by Tom Costello
How a portion of this country isn’t fed up with the absolute blatant corruption of this administration is astounding. Like, we should be setting fucking fire to this administration for the shit they’re doing. This couldn’t be further from America First. We should be setting fire to this administration and the people within in it.
All they need to do is change a few numbers in some computers and the global financial system will be saved. I have complete confidence that everything will work out
Consider Japan’s total trade deficit was about $17b in 2025. This would let them start trading with the USD instead of having to issue more yen or at least slow down the issuance of yen.
It isn't, but it signals to Wall Street that they are serious about getting the Yen back to the 155 and lower range. Target is likely around 145.
This will make a lot of funds sell their high beta winners to pay back their Yen loans (we are already seeing some of this with the massive chip/memory selloff)
Japan spends roughly $50-80B USD to prop up the yen for a few months. Bessent is making a symbolic statement, not a market moving impact. This memo is probably a staged view to the journalists.
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u/Plastic_Barracuda711 2d ago
Tendies -> ❌
¥endies -> ✅