Glenn Beck

This means the market doesn't want to play pretend anymore with Japan.

They're not satisfied with that.

And when Japan's yields rise, the temptation begins.

I can get 4% in Japan if I buy a bond.

Why would I lend to America when I can lend to Japan for more?

So the money that used to flow outward can come home.

Now, let me explain tripwire without all the Wall Street language.

For years, people borrowed in yen because it was cheap.

So what did they do?

Because it was 0% interest or negative percent interest, you would go over and you'd say, I want to borrow a billion dollars.

And people would borrow a billion dollars, a billion yen, and they would buy it and they'd get it.

Sometimes they were making money on borrowing it, but at least it was zero.

And they would trade those yen into U.S.

dollars, and then they would buy things that paid more.

So the stock market or a U.S.

bond or whatever.

This is called the yen carry trade.

Here's what you need to know about it.

It doesn't work.

It's so unbelievably immoral.