On January 2nd, 2007 in the middle of the night while with my family in St. Thomas USVI, I heard as clear as someone speaking to me: “The Japanese Government is going to make a fiscal monetary policy decision that is bad for the economy and bad for the market.” This word changed my life professionally and personally.
It was documented, witnessed and then fulfilled a few months later with the BOJ raising rates prematurely (the 2nd raise from zero). The Shanghai Composite, Nikkei 225 and the rest of the world’s equity markets dropped roughly 10% over the next week or two. This ended a years long period of historically low volatility in global equity markets. Two years later it proceeded into the full blown Financial Crisis of 2008/9.
In the wake of the 2008 financial crisis, I felt the Lord led me to the judgment on Egypt and Pharaoh of Ezekiel 29-32. That the 2008 financial crisis is not the end, but the beginning of the end of the USD-led global financial markets (Bretton Woods System). There would come a great humbling. That these troubles/shakings would come in waves. So far we have had 911 of 2001, the Financial Crisis 2008, the Pandemic of 2020…
The global financial market stage is now set with a scenario that “rhymes” with Japan 2007. In August 2024, the BOJ raised rates a 2nd time from zero, and this time the world-wide markets dropped 20%. The markets have recovered since then, but are we about to set sail into another Financial Crisis? Will it occur within a similar time frame (2 years)? Will the outcome be similar this time? Will it be worse?
Read / listen to the relevant 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)
- Japanese Market Q&A (9/4/24)
- Yen Intervention or 3rd Rate Hike to 0.5%? (1/22/25)
- Japanese Bond Tremors (6/11/25)
- Troy Black Yen Word (7/30/25)
- Oil and Yen (5/6/26)
- Financial Economic Update (6/17/26)