Oil Price Spikes

As we awake up on this Monday morning all eyes are on the price of oil and Japan. Here are some of the headlines I have woken up to which paint the story. I am five and half hours ahead of the UK. It’s going to be a big week ahead.

Things to watch: Will the Bank of Japan call an emergency meeting in reaction to the enormous pressure of inflation in the economy to discuss increasing interest rates? If they do and I don’t see how they can push the can any longer… Then the reverse carry trade will unwind very quickly.

XRP was designed for this very moment in history. When liquidity dries up the world will have to adopt the new blockchain rails which moves money instantly. Securities and commodities (stocks, bonds, tokenised oil, tokenised gold and all forms of value) will be moved and settled peer to peer, in real time which is known as T+0. This happens without the need for the middlemen and all the friction and cost that comes with that. This is a revolution in finance - one that the incumbent banking system has been fighting so hard to avoid as it cuts them out of the equation and passes on their profits to the consumer. Here is a recent clip of the SEC Chair, Paul Atkins, talking about this technology is on the cusp of being released.

It’s two years ago this month that Jake Claver brought out his Domino Theory and in case you haven’t seen it yet here is part 4. The first domino (oil) has just fallen so watch the video to understand what the next domino’s are.

Fascinating times!