Prices are already going up in China. With prices going up, China is already experiencing hyperinflation.

If China economy collapses, things won't come in, as a result, the U.S. will go into hyperinflation I think.

Therefore, I think that the legal currencies are necessarily Japanese yen and Swiss franc. The yen will certainly depreciate." but it's the exact opposite.

The virus will stop the Japanese economy and it will be hard to finance. The Japanese return their overseas assets to Japan, which makes the yen stronger.

The yen became strong after the Great East Japan Earthquake(311). Here it is. Japan is a creditor country.

When an emergency occurs in Japan, they run out of money, so they sell their assets overseas and bring them back home.

Therefore, in the case of Japan, domestic emergencies = yen appreciation. Just like the Great East Japan Earthquake, the yen is strong again this time.

Therefore, the appreciation of the yen will accelerate. The Swiss franc's rise will also accelerate.

Exporters, central banks, private banks, the Bank of Japan, and so on are the ones that get into trouble when the yen appreciates.

Even if they try to stop the strong yen, there is nothing they can do in a domestic emergency. No matter how much they intervene, it doesn't stop.

Therefore, I believe that the current is the strong yen. The scary part is the Fed's Term Repo numbers.

They've been doing this for six months. In this financial crisis, they put about 40 trillion yen in the first run since last September.

After that, there will be an incident where concrete examples come out. For example, there is a name of Softbank because the company can't collect money.

Also, there are more and more stories about Chinese companies going bankrupt. In that case, there will be a big political problem of who will make up for the deficit of the collapsed company.

This is going to be a big issue. If Softbank Masayoshi Son were to run out of business, would you agree to a tax bailout?

You don't do it, do you? If the management of the Japanese Megabank, which extended a large loan to Son, goes into decline, would everyone use tax money to bail out?

It must be difficult. In that case, this issue will be put off until it is settled. By procrastination followed by procrastination, all losses will be procrastinated and only cash flow will be provided.