Today’s focus is the meeting between Minister Kato and Treasury Secretary Bensent, scheduled for late at night Japan time. Is this the calm before the storm? While stock prices show a slight recovery, the bond market remains unstable, and the outlook for both Japan and the U.S. is uncertain. There are also reports of a conflict between Secretary Bensent and Elon Musk, adding a new layer of uncertainty to the market. Additionally, with the new moon approaching, attention is on how this will affect the market’s rhythm.___

I am Japanese.

English version.

本日は、日本時間深夜に予定されている 加藤大臣とベッセント財務長官の会談。嵐の前の静けさか。株価はわずかに回復基調も債券市場は依然として不安定。日米ともに先行き不透明。ベッセント財務長官とマスク氏の対立構造も報道され、新たな不確実性が発生。また、新月のタイミングと重なることで、市場のリズムがどのように変化するか注目。

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Today’s focus is the meeting between Minister Kato and Treasury Secretary Bensent, scheduled for late at night Japan time. Is this the calm before the storm? While stock prices show a slight recovery, the bond market remains unstable, and the outlook for both Japan and the U.S. is uncertain. There are also reports of a conflict between Secretary Bensent and Elon Musk, adding a new layer of uncertainty to the market. Additionally, with the new moon approaching, attention is on how this will affect the market’s rhythm.

An economy that devalues labor and inflates capital through money games. The market, which has served as a life-support system for this structure, is something everyone senses is broken, yet no one dares to touch. But now, an anomaly has appeared—Donald Trump. He is attempting to unite real capital and intangible capital to break down the fortress of financial capital. His moves are unreadable. The internal conflicts within his administration, the dovish remarks—these are all fake moves designed to lull his enemies into a false sense of security. The market is now a battlefield. Capital collides, ideologies are shaken. This geopolitical struggle of capital may transcend mere numbers; it could be a war that questions the future of humanity itself.

History repeats. The Industrial Revolution, financial capitalism, neoliberalism—each time, labor has been undervalued while capital swells. Short-term gains overshadow long-term value, and the art of building something slowly, over time, is forgotten. That structure is now reaching its limits.

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I am Japanese.

English Version.

経済、労働価値を軽視し、マネーゲームで資本を肥大化させる仕組み。その延命装置として機能してきた市場は、誰もが薄々気づきながらも手を出せずにきた構造だった。しかし、トランプという異物が現れた。実物資本と無形資本を結びつけ、金融資本の牙城を崩そうとしている。その動きは読ませない。政権内の対立も、緩和的な発言も、すべては敵を油断させるためのフェイクムーブ。マーケットは今、戦場だ。資本がぶつかり合い、思想が揺さぶられる。この資本地政学の闘いは、単なる数字の世界を超えて、人類の未来そのものを問う戦争かもしれない。

歴史は繰り返す。産業革命、金融資本主義、新自由主義──そのたびに、労働は過小評価され、資本は肥大化してきた。短期の利益が長期の価値を凌駕し、時間をかけて何かを築き上げることは忘れ去られる。その構造が限界を迎えようとしている。

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An economy that devalues labor and inflates capital through money games. The market, which has served as a life-support system for this structure, is something everyone senses is broken, yet no one dares to touch. But now, an anomaly has appeared—Donald Trump. He is attempting to unite real capital and intangible capital to break down the fortress of financial capital. His moves are unreadable. The internal conflicts within his administration, the dovish remarks—these are all fake moves designed to lull his enemies into a false sense of security. The market is now a battlefield. Capital collides, ideologies are shaken. This geopolitical struggle of capital may transcend mere numbers; it could be a war that questions the future of humanity itself.

History repeats. The Industrial Revolution, financial capitalism, neoliberalism—each time, labor has been undervalued while capital swells. Short-term gains overshadow long-term value, and the art of building something slowly, over time, is forgotten. That structure is now reaching its limits.

In 1971, the gold standard ended, and the Federal Reserve gained true control over money creation.
For the next 50 years, the global economy has been sustained by this life-support system called the Fed.

But now, that control is starting to break down.

It’s like an old, overly complicated Excel file—
no one fully understands how it works, but everyone keeps using it because they’re afraid to rebuild it.
The limit of this system may be near.

___

I am Japanese.

English Version.

1971年、金本位制が終了し、FRBが本当の通貨発行権を手に入れた。それから50年──世界経済はFRBという延命装置によって支配されてきた。だが今、その支配が崩れ始めている。それは、過去の複雑化したExcelファイルのようなもの。誰も中身を理解していないが、壊れると困るから使い続けている。その限界は近いか。

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In 1971, the gold standard ended, and the Federal Reserve gained true control over money creation.
For the next 50 years, the global economy has been sustained by this life-support system called the Fed.

But now, that control is starting to break down.

It’s like an old, overly complicated Excel file—
no one fully understands how it works, but everyone keeps using it because they’re afraid to rebuild it.
The limit of this system may be near.

In the early hours of April 22, 2025 (Japan time), the U.S. market plunged. The S&P 500 dropped by 2.36%, while the VIX and MOVE indexes surged. Interest rates and credit default swaps (CDS) also climbed sharply.

Meanwhile, former President Trump is reportedly considering firing Federal Reserve Chair Jerome Powell.

The Fed has long served as a life-support system for the U.S. economy—using monetary easing and rate cuts to prolong economic expansions. Combined with the securitization revolution that transformed traditional banking, this entire "extension structure" may now be under threat.

Is this the true face of Trump’s “Great American Reset”—a radical break from financial capitalism and a push to dismantle the system built by the likes of Louis Ranieri?

Gold, Bitcoin, and the revival of the old economy—could this be the turning point for an economic order long dominated by entrenched financial elites?

___

I am Japanese.

English version.

2025年4月22日日本時間の深夜、米国市場が急落。S&P500は-2.36%、VIXとMOVEは急騰、金利とCDSも上昇。一方で、トランプ大統領がパウエルFRB議長の解任を検討。アメリカ経済を延命してきたFRBの役割、証券化によって変質した銀行ビジネス、そしてその延命構造そのものを破壊するのがトランプの「グレート・アメリカン・リセット」か。金・ビットコイン・オールドエコノミー──既得権によって支配された経済は、いま大きな転換点を迎えるか。

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In the early hours of April 22, 2025 (Japan time), the U.S. market plunged. The S&P 500 dropped by 2.36%, while the VIX and MOVE indexes surged. Interest rates and credit default swaps (CDS) also climbed sharply.

Meanwhile, former President Trump is reportedly considering firing Federal Reserve Chair Jerome Powell.

The Fed has long served as a life-support system for the U.S. economy—using monetary easing and rate cuts to prolong economic expansions. Combined with the securitization revolution that transformed traditional banking, this entire "extension structure" may now be under threat.

Is this the true face of Trump’s “Great American Reset”—a radical break from financial capitalism and a push to dismantle the system built by the likes of Louis Ranieri?

Gold, Bitcoin, and the revival of the old economy—could this be the turning point for an economic order long dominated by entrenched financial elites?