The Private Credit Crisis Is Spreading

Japan, Bretton Woods 2.0, & The End Of The Carry Era Japanese Finance Minister Satsuki Katayama is set to announce as early as Monday that Tokyo and Washington are coordinating on steps in the foreign exchange market to curb the yen’s weakness, a person familiar with the situation told Bloomberg. Satsuki Katayama The content of the announcement is still being worked on but could happen as early as Monday morning, the person said, declining to be identified as the information isn’t public. Reuters earlier reported Katayama would confirm the joint action, and reinforce the two sides’ commitment...

Oil Could Test $200; Martin Armstrong Warns Attacking Iranian Water Supplies Could Bring Out Nukes Via Greg Hunter’s USAWatchdog.com, Legendary financial and geopolitical cycle analyst Martin Armstrong warned in February, “This is where the volatility starts kicking in.”  What do we have?  Oil, gold and silver spiking in price, and violent exchanges between Iran, the United States and many other countries in the Middle East.  Now, water assets like desalination plants in Bahrain and Iran are being blown up.  Add the worst water shortage in decades in Iran as a backdrop to constant bombing, and you have a situation that could...