Lester Golden
2 min readApr 24, 2024

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My question has nothing to do with the Israel-Hamas war or a wish to know your personal investments. I'm just a retired entrepreneurship and investments prof asking if you've put your money where your mouth is. Since you're forecasting the $'s demise, short it. Put up or shut up. You can have credibility by showing me a screenshot of your $ short, or you lose it by not showing proof that you put your money where your mouth is.

Though I live in the EU, I'm net long $ for macroeconomic, not political reasons: in a room full of blind men, the one-eyed guy is a genius. And the $ is that one-eyed fiat currency genius.

I have the track record to back up my thesis.

In 2013 after the nationalist grandson of a war criminal Shinzo Abe took power I shorted 20m JPY at 77JPY/$ because of my understanding of NE Asian geopolitics and Japanese history:

https://medium.com/datadriveninvestor/the-smart-money-studies-history-438531cdb6c

I doubled down with put options on the JPY ETF (FXY) at 81, 83, 93, 97 and 101 JPY/$. Understanding the psychology of grievance-driven nationalism of Shinzo Abe and how it would drive the BoJ's QE forever monetary policy presented the forex trade of a lifetime: two years' living expenses made from a single trade.

Medium's financial illiterates like Geopolitical Economist and Cailian Savage forecast the $'s demise and the rise of a BRICS currency, but never put their money where their mouths are.

https://medium.com/illumination-curated/russian-useful-idiots-financial-illiteracy-9cef68e82f2c

Are you an exception? Show me or shut up.

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Lester Golden
Lester Golden

Written by Lester Golden

From Latvia & Porto I write to share learning from an academic&business life in 8 languages in 5 countries & seeing fascism die in Portugal&Spain in1974 & 1976.

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