Bank of Japan Warning Follow-up
Read / listen to prior posts and podcast here:
- Watch Japan (1/4/23)
- Watch Bank of Japan (12/12/23)
- Japanese Suzu Earthquake (1/10/24)
- 1st raise BOJ (3/27/24)
- Yen Intervention (5/1/24)
- 2nd Raise BOJ Warning (8/7/24)
Since the BOJ raised rates at the end of July, and the Nikkei tanked 20% / the rest-of-world markets dropped by 10%, and the VIX spiked to multi-year highs, everything now seems to have settled down and the market has hit new highs. Is it over? Was it no big deal? Just a hiccup? (spoiler alert: no)
We are here to discuss that and do a live Q&A.
Just this morning this line caught my attention in a Bloomberg article:
Japanese monetary policy could be the San Andreas fault of global finance
Arif Husain, head of international fixed income and chief investment officer – T. Rowe Price
Full Article Here: Manager Who Predicted Yen Shock Sees Another Coming. Apparently he started saying this back in June 2023.
Why is this interesting?
T. Rowe’s Husain is tying the Bank of Japan actions to the San Andreas fault (think West coast quake). Is this prophetic?
I know the BOJ is conscious of the effect it could have on global markets, but it’s a real and present danger, in my view. I certainly think it’s something that should be on our radar as investors
Husain. T Rowe Price
If you recall from prior discussions, Bob Jones and Rick Joyner are both on record as essentially saying: Once the Japanese quake of 3/11/11 happened, the worldwide economic meltdown AND a West Coast US megaquake can hit at any time. Read post here: Watch Japan – Bob Jones Earthquake Prophecies (scroll down to get to the earthquake and economic shaking prophecies, including videos).
God Send? Or Judgement Coming?
One other thing to pay attention to is when retail participation in the stock market reaches highs, it is a historical indicator of a market top.
Shoe Shine Time?
In the winter of 1928, Joe Kennedy’s shoeshine boy famously offered Kennedy a stock tip: “Buy Hindenburg.” Kennedy soon sold off his stocks, thinking:
You know it’s time to sell when shoeshine boys give you stock tips. This bull market is over.
Joe Kennedy Sr. 1928
Practical Steps You Can Take
Learn how to trust God not money as never before. Read more about this here:
1. God’s Economy
2. Am I a Slave?
3. Come out of Babylon and
4. Storehouse Vision
Short-term
- Sell paper based market investments (stocks, bonds, ETFs, mutual funds, annuities, futures, options, whole life policies, mutual funds, closed-end funds, hedge funds, private equity funds, etc.)
- Pay off all debts, especially mortgage debt
- Withdraw money from the banking system: cash-on-hand
- Buy convenient physical stores of value, such gold, silver, oil, grain, water, food
Long-term
- Help friends and family pay off their credit cards, student loans, debts and mortgages where you become the bank to them instead. Lend biblically. It creates an income stream back to you. Forgive debt periodically. Don’t charge interest. Those who borrowed can also provide a dividend to you as they are blessed to do so.
- Buy land
- Invest in local businesses
- Invest in agriculture and farms
- Invest in food-supply production, packaging, transportation and economy
- Invest in local energy sources, clean water, other essential needs, tools and equipment.
- Seed a local Storehouse (community co-op – bank like private pool of funds) to do all of the above with your friend
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