{"id":37242,"date":"2023-06-05T20:00:00","date_gmt":"2023-06-05T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=37242"},"modified":"2023-07-25T14:21:32","modified_gmt":"2023-07-25T05:21:32","slug":"%e3%83%9d%e3%82%b8%e3%83%a3%e3%83%bc%e3%83%ab%e6%b0%8f-%e3%83%9c%e3%83%ab%e3%82%ab%e3%83%bc%e8%ad%b0%e9%95%b7%e3%82%82%e5%81%b6%e7%84%b6%e3%81%ae%e5%8e%9f%e6%b2%b9%e6%9a%b4%e8%90%bd%e3%81%8c%e3%81%aa","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/37242","title":{"rendered":"\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f: \u30dc\u30eb\u30ab\u30fc\u8b70\u9577\u3082\u5076\u7136\u306e\u539f\u6cb9\u66b4\u843d\u304c\u306a\u3051\u308c\u3070\u30a4\u30f3\u30d5\u30ec\u3092\u6291\u5236\u3067\u304d\u306a\u304b\u3063\u305f"},"content":{"rendered":"\n<p>\u5143\u30af\u30ec\u30c7\u30a3\u30b9\u30a4\u30b9\u306e\u77ed\u671f\u91d1\u5229\u6226\u7565\u30b0\u30ed\u30fc\u30d0\u30eb\u8cac\u4efb\u8005\u30be\u30eb\u30bf\u30f3\u30fb\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f\u304c\u3001Bitcoin 2023\u3067\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u30671970\u5e74\u4ee3\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u7269\u4fa1\u9ad8\u9a30\u3068\u73fe\u5728\u306e\u30a4\u30f3\u30d5\u30ec\u3092\u6bd4\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u3068\u5229\u4e0a\u3052<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u7269\u4fa1\u9ad8\u9a30\u306b\u5bfe\u3057\u3066Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u304c5%\u306e\u5229\u4e0a\u3052\u3092\u884c\u306a\u3044\u3001\u305d\u308c\u3067\u30a4\u30f3\u30d5\u30ec\u304c\u4e0b\u304c\u308b\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u304c\u6ce8\u76ee\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u5229\u4e0a\u3052\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u89e3\u6c7a\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u304b\u3002\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u4e0d\u5409\u306a\u30b3\u30e1\u30f3\u30c8\u3092\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Fed\u306f\u30a4\u30f3\u30d5\u30ec\u306b\u5bfe\u5fdc\u3057\u3066\u306f\u3044\u308b\u304c\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u6839\u5f37\u3044\u554f\u984c\u3060\u3002\u4e00\u822c\u306b\u306f\u91d1\u5229\u3092\u4e0a\u3052\u308c\u3070\u30a4\u30f3\u30d5\u30ec\u304c\u89e3\u6c7a\u3059\u308b\u3068\u601d\u308f\u308c\u3066\u3044\u308b\u304c\u3001\u305d\u3093\u306a\u7c21\u5358\u306a\u8a71\u3058\u3083\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4f55\u6545\u304b\u3002\u904e\u53bb\u306b\u30a2\u30e1\u30ea\u30ab\u3067\u7269\u4fa1\u304c\u9ad8\u9a30\u3057\u305f1970\u5e74\u4ee3\u306b\u306f\u3001\u6700\u7d42\u7684\u306b\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u6c0f\u304cFed\u306e\u8b70\u9577\u306b\u5c31\u4efb\u3057\u3001\u5229\u4e0a\u3052\u3092\u6562\u884c\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u3092\u6291\u3048\u305f\u306e\u3067\u306f\u306a\u3044\u306e\u304b\u3002<\/p>\n\n\n\n<p>\u5f53\u6642\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u3068\u653f\u7b56\u91d1\u5229\u3092\u4e26\u3079\u308b\u3068\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/1970-1985-us-inflation-rate-and-federal-funds-rate-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"488\" height=\"468\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/1970-1985-us-inflation-rate-and-federal-funds-rate-chart.png\" alt=\"\" class=\"wp-image-12634\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/1970-1985-us-inflation-rate-and-federal-funds-rate-chart.png 488w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/1970-1985-us-inflation-rate-and-federal-funds-rate-chart-300x288.png 300w\" sizes=\"auto, (max-width: 488px) 100vw, 488px\" \/><\/a><\/figure>\n\n\n\n<p>3\u5ea6\u76ee\u306e\u30a4\u30f3\u30d5\u30ec\u306e\u6ce2\u304c\u30dc\u30eb\u30ab\u30fc\u6c0f\u306b\u3088\u3063\u3066\u6291\u3048\u3089\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30dc\u30eb\u30ab\u30fc\u8b70\u9577\u306e\u30a4\u30f3\u30d5\u30ec\u6253\u5012\u306e\u771f\u5b9f<\/strong><\/p>\n\n\n\n<p>\u3060\u304c\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f\u306f\u5c11\u3057\u9055\u3063\u305f\u898b\u65b9\u3092\u3057\u3066\u3044\u308b\u3088\u3046\u3060\u3002\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\u8aac\u660e\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u4f1d\u8aac\u7684\u306a\u4e2d\u592e\u9280\u884c\u5bb6\u306e\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u6c0f\u306b\u3064\u3044\u3066\u3082\u3001\u4eba\u3005\u306f\u5f7c\u304c\u5927\u5e45\u306b\u5229\u4e0a\u3052\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u304c\u4e0b\u843d\u3057\u305f\u3068\u601d\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u6c0f\u306f\u9593\u9055\u3044\u306a\u304f\u4f1d\u8aac\u7684\u306a\u4e2d\u592e\u9280\u884c\u5bb6\u3060\u304c\u3001\u5f7c\u306f\u540c\u6642\u306b\u5e78\u904b\u3067\u3082\u3042\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f\u306b\u3088\u308c\u3070\u3001\u30dc\u30eb\u30ab\u30fc\u6c0f\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u6253\u5012\u3067\u304d\u305f\u306e\u306f\u3001\u5f7c\u306e\u5229\u4e0a\u3052\u306e\u4ed6\u306b\u5e78\u904b\u306a\u8981\u7d20\u304c\u3042\u3063\u305f\u304b\u3089\u3060\u3068\u3044\u3046\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306f\u539f\u6cb9\u5e02\u5834\u306b\u304a\u3051\u308b\u52d5\u5411\u3067\u3042\u308b\u3002\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7d9a\u3051\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>OPEC\u306b\u3088\u308b\u30aa\u30a4\u30eb\u30b7\u30e7\u30c3\u30af\u304c1970\u5e74\u4ee3\u524d\u534a\u306b\u8d77\u304d\u3001\u5f8c\u306e\u30a4\u30f3\u30d5\u30ec\u306e\u5927\u304d\u306a\u539f\u56e0\u3068\u306a\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>1970\u5e74\u4ee3\u306e\u30a4\u30f3\u30d5\u30ec\u3082\u3001\u73fe\u5728\u3068\u540c\u3058\u3088\u3046\u306b\u7d19\u5e63\u5370\u5237\u3068\u4f9b\u7d66\u4e0d\u8db3\u306e\u4e21\u65b9\u306b\u3088\u3063\u3066\u5f15\u304d\u8d77\u3053\u3055\u308c\u305f\u3002<\/p>\n\n\n\n<p>\u30b3\u30ed\u30ca\u5f8c\u306e\u73fe\u91d1\u7d66\u4ed8\u306b\u76f8\u5f53\u3059\u308b\u5f53\u6642\u306e\u7d19\u5e63\u5370\u5237\u304c\u3001\u91d1\u672c\u4f4d\u5236\u3092\u5ec3\u6b62\u3057\u305f1971\u5e74\u306e\u30cb\u30af\u30bd\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u3042\u308b\u3002\u30c9\u30eb\u7d19\u5e63\u3092\u30b4\u30fc\u30eb\u30c9\u3068\u4ea4\u63db\u3059\u308b\u3068\u3044\u3046\u7d04\u675f\u3092\u53d6\u308a\u3084\u3081\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u30c9\u30eb\u7d19\u5e63\u3092\u3044\u304f\u3089\u3067\u3082\u5237\u308c\u308b\u3088\u3046\u306b\u306a\u3063\u305f\u308f\u3051\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/9645\" data-type=\"post\" data-id=\"9645\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u3001\u300c\u73fe\u91d1\u304c\u30b4\u30df\u300d\u306b\u306a\u3063\u305f\u30cb\u30af\u30bd\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u7d4c\u9a13\u3092\u8a9e\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u308c\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f\u3002\u3060\u304c\u540c\u6642\u306b\u4f9b\u7d66\u306e\u8981\u56e0\u3082\u3042\u3063\u305f\u3002\u305d\u308c\u304c\u30aa\u30a4\u30eb\u30b7\u30e7\u30c3\u30af\u3067\u3042\u308b\u3002\u5f53\u6642\u3001\u539f\u6cb9\u4fa1\u683c\u306f\u30b5\u30a6\u30b8\u30a2\u30e9\u30d3\u30a2\u306a\u3069\u7523\u6cb9\u56fd\u3067\u69cb\u6210\u3055\u308c\u308bOPEC\u304c\u6c7a\u3081\u3066\u3044\u305f\u304c\u3001OPEC\u304c\u539f\u6cb9\u4fa1\u683c\u3092\u5927\u5e45\u306b\u4e0a\u3052\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u3067\u539f\u6cb9\u4fa1\u683c\u304c\u6025\u9a30\u3057\u305f\u308f\u3051\u3060\u304c\u3001\u5065\u5168\u306a\u7d4c\u6e08\u3067\u306f\u5e02\u5834\u306f\u305d\u308c\u306b\u53cd\u5fdc\u3059\u308b\u3002\u539f\u6cb9\u4fa1\u683c\u304c\u9ad8\u304f\u306a\u308c\u3070\u3001\u9ad8\u304f\u58f2\u308c\u308b\u3068\u8e0f\u3093\u3060\u7523\u6cb9\u4f01\u696d\u304c\u8a2d\u5099\u6295\u8cc7\u3092\u884c\u306a\u3063\u3066\u3088\u308a\u591a\u304f\u306e\u539f\u6cb9\u3092\u6398\u308d\u3046\u3068\u3059\u308b\u306e\u3067\u3001\u9577\u671f\u7684\u306b\u306f\u30a4\u30f3\u30d5\u30ec\u304c\u53ce\u307e\u308b\u306e\u3067\u3042\u308b\u3002\u305d\u308c\u304c\u5e02\u5834\u539f\u7406\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u4fa1\u683c\u9ad8\u9a30\u304c\u4f9b\u7d66\u3092\u5f15\u304d\u4e0a\u3052\u308b<\/strong><\/p>\n\n\n\n<p>\u305d\u308c\u304c1970\u5e74\u4ee3\u306b\u3082\u8d77\u3053\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8aac\u660e\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u30aa\u30a4\u30eb\u30b7\u30e7\u30c3\u30af\u306f\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u6c0f\u304c\u8b70\u9577\u306b\u306a\u308b10\u5e74\u524d\u306b\u8d77\u304d\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u306e10\u5e74\u306e\u9593\u306b\u539f\u6cb9\u3068\u5929\u7136\u30ac\u30b9\u306b\u5bfe\u3059\u308b\u5927\u5e45\u306a\u8a2d\u5099\u6295\u8cc7\u304c\u884c\u308f\u308c\u305f\u3002\u305d\u306e\u9593\u3001\u30a4\u30ae\u30ea\u30b9\u306e\u5317\u6d77\u6cb9\u7530\u304c\u958b\u767a\u3055\u308c\u3001\u30ce\u30eb\u30a6\u30a7\u30fc\u6d77\u306e\u6cb9\u7530\u304c\u958b\u767a\u3055\u308c\u305f\u3002\u30c6\u30ad\u30b5\u30b9\u3084\u30ab\u30ca\u30c0\u3082\u63a1\u6398\u3057\u3066\u3044\u305f\u3002\u305d\u3046\u3057\u305f\u5927\u304d\u306a\u4f9b\u7d66\u304c\u751f\u3058\u308b\u3053\u3068\u306b\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u30dc\u30eb\u30ab\u30fc\u6c0f\u304c\u5229\u4e0a\u3052\u3092\u3057\u3001\u7d4c\u6e08\u304c\u666f\u6c17\u5f8c\u9000\u306b\u9665\u3063\u305f\u6642\u306b\u306f\u3001\u539f\u6cb9\u3068\u5929\u7136\u30ac\u30b9\u306e\u65b0\u305f\u306a\u4f9b\u7d66\u304c\u5927\u91cf\u306b\u6d41\u308c\u8fbc\u3093\u3067\u304d\u305f\u3002\u305d\u3057\u3066\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u306f\u5d29\u58ca\u3057\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u9ad8\u9a30\u3057\u305f\u539f\u6cb9\u4fa1\u683c\u306f\u3001\u8a2d\u5099\u6295\u8cc7\u306e\u5897\u52a0\u3068\u4f9b\u7d66\u306e\u6025\u5897\u3092\u5f15\u304d\u5bc4\u305b\u3066\u5d29\u58ca\u3057\u305f\u30021970\u5e74\u4ee3\u306b\u9ad8\u9a30\u3057\u305f\u539f\u6cb9\u4fa1\u683c\u304c1980\u5e74\u4ee3\u306b\u66b4\u843d\u3059\u308b\u69d8\u5b50\u306f\u3001\u4ee5\u4e0b\u306e\u539f\u6cb9\u4fa1\u683c\u306e\u30c1\u30e3\u30fc\u30c8\u306b\u8868\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/06\/1970-1988-wti-crude-oil-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/06\/1970-1988-wti-crude-oil-chart.png\" alt=\"\" class=\"wp-image-37263\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/06\/1970-1988-wti-crude-oil-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/06\/1970-1988-wti-crude-oil-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u5f53\u6642\u3001\u3053\u306e\u539f\u6cb9\u66b4\u843d\u3092\u4e88\u60f3\u3057\u3066\u3044\u305f\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u304c\u3044\u308b\u3002\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5f7c\u306f\u8457\u66f8\u300e<a rel=\"noreferrer noopener\" href=\"https:\/\/amzn.to\/3dUD4SD\" target=\"_blank\">\u30bd\u30ed\u30b9\u306e\u932c\u91d1\u8853<\/a>\u300f\u306b1980\u5e74\u4ee3\u306e\u81ea\u5206\u306e\u6295\u8cc7\u65e5\u8a18\u3092\u63b2\u8f09\u3057\u3066\u304a\u308a\u30011985\u5e74\u306e\u539f\u6cb9\u66b4\u843d\u524d\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u5f7c\u306f\u65e5\u8a18\u306b\u6b21\u306e\u3088\u3046\u306b\u66f8\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u539f\u6cb9\u4fa1\u683c\u306e\u66b4\u843d\u306f\u3082\u306f\u3084\u6642\u9593\u306e\u554f\u984c\u3067\u3042\u308b\u3002\u3044\u3063\u305f\u3093\u4e0b\u304c\u308a\u59cb\u3081\u305f\u3089\u3001\u624b\u304c\u3064\u3051\u3089\u308c\u306a\u304f\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u7523\u6cb9\u56fd\u306e\u307b\u3068\u3093\u3069\u304c\u4e0d\u5065\u5168\u306a\u4f9b\u7d66\u66f2\u7dda\u3092\u63cf\u3044\u3066\u751f\u7523\u3057\u3066\u3044\u308b\u3002\u539f\u6cb9\u4fa1\u683c\u304c\u4e0b\u304c\u308c\u3070\u4e0b\u304c\u308b\u307b\u3069\u3001\u81ea\u56fd\u306e\u30cb\u30fc\u30ba\u3092\u6e80\u305f\u3059\u305f\u3081\u306b\u3001\u3088\u308a\u591a\u304f\u58f2\u308b\u5fc5\u8981\u306b\u8feb\u3089\u308c\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u3053\u306e\u6295\u8cc7\u65e5\u8a18\u306b\u306f\u3001\u539f\u6cb9\u66b4\u843d\u3092\u7684\u4e2d\u3055\u305b\u305f\u307b\u304b\u306b\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u3084\u65e5\u672c\u306e\u30d0\u30d6\u30eb\u5d29\u58ca\u306a\u3069\u8208\u5473\u6df1\u3044\u8a71\u984c\u304c\u542b\u307e\u308c\u3066\u3044\u308b\u306e\u3067\u3001\u6295\u8cc7\u5bb6\u306b\u306f\u4e00\u8aad\u306e\u4fa1\u5024\u304c\u3042\u308b\u3002\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306e\u601d\u8003\u304c\u305d\u306e\u307e\u307e\u5206\u304b\u308b\u30ec\u30a2\u306a\u672c\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u73fe\u72b6\u306e\u539f\u6cb9\u5e02\u5834\u3068\u30a4\u30f3\u30d5\u30ec<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u5f53\u6642\u306f\u6cb9\u7530\u306e\u958b\u767a\u306a\u3069\u30c7\u30d5\u30ec\u5074\u306b\u4f5c\u7528\u3059\u308b\u8981\u56e0\u304c\u3042\u3063\u305f\u308f\u3051\u3060\u304c\u3001\u73fe\u5728\u306f\u3069\u3046\u3060\u308d\u3046\u304b\u3002\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u73fe\u5728\u306e\u72b6\u6cc1\u306f\u305d\u306e\u6b63\u53cd\u5bfe\u3060\u3002\u3082\u304610\u5e74\u8fd1\u304f\u539f\u6cb9\u3084\u5929\u7136\u30ac\u30b9\u306b\u306f\u6295\u8cc7\u304c\u884c\u308f\u308c\u3066\u3044\u306a\u3044\u3002\u307b\u3068\u3093\u3069\u3059\u3079\u3066\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u9298\u67c4\u306b\u3064\u3044\u3066\u540c\u3058\u3053\u3068\u304c\u8a00\u3048\u308b\u3002\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u3092\u6398\u308b\u3053\u3068\u306f\u74b0\u5883\u306b\u60aa\u3044\u304b\u3089\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30b3\u30ed\u30ca\u5f8c\u306e\u73fe\u91d1\u7d66\u4ed8\u304c\u30a4\u30f3\u30d5\u30ec\u306e\u539f\u56e0\u3068\u3057\u3066\u5f37\u70c8\u3060\u3063\u305f\u305f\u3081\u306b\u5fd8\u308c\u3089\u308c\u304c\u3061\u3060\u304c\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u5e02\u5834\u306b\u306f\u3082\u30461\u3064\u5927\u304d\u306a\u30a4\u30f3\u30d5\u30ec\u306e\u539f\u56e0\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33013\" data-type=\"post\" data-id=\"33013\">\u4e16\u754c\u6700\u9ad8\u306e\u7d4c\u6e08\u5b66\u8005\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u8aac\u660e\u3059\u308b\u30a4\u30f3\u30d5\u30ec\u306e\u672c\u5f53\u306e\u7406\u7531<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u308c\u306f\u8131\u70ad\u7d20\u653f\u7b56\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/19092\" data-type=\"post\" data-id=\"19092\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u3001\u74b0\u5883\u30b5\u30df\u30c3\u30c8\u3067\u8131\u70ad\u7d20\u306b\u8b66\u9418\u3001\u539f\u6cb9\u696d\u8005\u3092\u8cdb\u7f8e<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/16442\" data-type=\"post\" data-id=\"16442\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u3092\u9ad8\u9a30\u3055\u305b\u308b\u8131\u70ad\u7d20\u653f\u7b56\u306f\u5065\u5168\u3067\u306f\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3042\u307e\u308a\u77e5\u3089\u308c\u3066\u3044\u306a\u3044\u304c\u3001\u8131\u70ad\u7d20\u653f\u7b56\u306f\u3044\u308f\u3086\u308b\u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u3092\u5897\u3084\u3059\u3060\u3051\u3067\u306a\u304f\u3001\u7523\u6cb9\u4f01\u696d\u3078\u306e\u878d\u8cc7\u3092\u898f\u5236\u3059\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u5316\u77f3\u71c3\u6599\u306e\u751f\u7523\u3092\u5f37\u5236\u7684\u306b\u6b62\u3081\u3055\u305b\u308b\u653f\u7b56\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u539f\u6cb9\u304c\u6398\u308c\u306a\u304f\u306a\u308c\u3070\u539f\u6cb9\u4fa1\u683c\u304c\u4e0a\u304c\u308b\u306e\u306f\u5f53\u305f\u308a\u524d\u3067\u3042\u308b\u3002\u4eca\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u3088\u3063\u3066\u539f\u6cb9\u4fa1\u683c\u3082\u4e0b\u304c\u3063\u3066\u3044\u308b\u304c\u3001\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f\u306f\u305d\u308c\u304c\u9577\u7d9a\u304d\u3059\u308b\u3068\u306f\u8003\u3048\u3066\u3044\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31712\" data-type=\"post\" data-id=\"31712\">\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f: \u539f\u6cb9\u4fa1\u683c\u4e0b\u843d\u306f\u4e00\u6642\u7684\u3001\u9ad8\u9a30\u518d\u958b\u306e\u30ea\u30b9\u30af<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30dc\u30eb\u30ab\u30fc\u6c0f\u306e\u6642\u4ee3\u3068\u306f\u9006\u306b\u3001\u539f\u6cb9\u4fa1\u683c\u304c\u66b4\u843d\u3059\u308b\u306e\u3067\u306f\u306a\u304f\u4e0a\u304c\u308b\u3068\u3059\u308c\u3070\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u3069\u3046\u306a\u308b\u3060\u308d\u3046\u304b\uff1f\u3000\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7d9a\u3051\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u73fe\u5728\u306eFed\u306f\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u6c0f\u306e\u6642\u307b\u3069\u306b\u5e78\u904b\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u539f\u6cb9\u306e\u9700\u7d66\u306f\u5f15\u304d\u7de0\u307e\u3063\u3066\u3044\u308b\u3002\u7523\u6cb9\u4f01\u696d\u306f\u63a1\u6398\u3059\u308b\u3088\u308a\u3082\u81ea\u793e\u682a\u8cb7\u3044\u306b\u7cbe\u3092\u51fa\u3057\u3066\u3044\u308b\u304b\u3089\u3001\u8a2d\u5099\u6295\u8cc7\u304c\u4e0d\u8db3\u3057\u3066\u3044\u308b\u3002\u30b7\u30a7\u30fc\u30eb\u30aa\u30a4\u30eb\u306e\u4f9b\u7d66\u3082\u30d4\u30fc\u30af\u3067\u3001\u9700\u8981\u306f\u4f38\u3073\u3066\u3044\u308b\u3002\u6e1b\u3063\u3066\u3044\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u539f\u6cb9\u306f\u3053\u3053\u304b\u3089150\u30c9\u30eb\u307e\u3067\u4e0a\u304c\u308b\u3060\u308d\u3046\u304b\uff1f\u3000\u6709\u308a\u5f97\u308b\u3002\u305d\u3046\u306a\u308c\u3070Fed\u306b\u3068\u3063\u3066\u3069\u3046\u3044\u3046\u610f\u5473\u3092\u6301\u3064\u304b\uff1f\u3000\u4f55\u3082\u826f\u3044\u3053\u3068\u306f\u306a\u3044\u3002\u5bfe\u5fdc\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u304b\u3089\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u5c11\u306a\u304f\u3068\u3082\u3001\u30dc\u30eb\u30ab\u30fc\u6c0f\u306e\u6642\u4ee3\u306b\u539f\u6cb9\u66b4\u843d\u304c\u306a\u3051\u308c\u3070\u30a4\u30f3\u30d5\u30ec\u306f\u3069\u3046\u306a\u3063\u3066\u3044\u305f\u306e\u304b\u3092\u8003\u3048\u308b\u5fc5\u8981\u304c\u3042\u308a\u305d\u3046\u3060\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27377\" data-type=\"post\" data-id=\"27377\">\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u6c0f\u30011980\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u6253\u5012\u304c\u3069\u308c\u3060\u3051\u53b3\u3057\u304b\u3063\u305f\u304b\u3092\u8a9e\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<a href=\"https:\/\/www.amazon.co.jp\/%E6%96%B0%E7%89%88-%E3%82%BD%E3%83%AD%E3%82%B9%E3%81%AE%E9%8C%AC%E9%87%91%E8%A1%93-%E3%82%B8%E3%83%A7%E3%83%BC%E3%82%B8%E3%83%BB%E3%82%BD%E3%83%AD%E3%82%B9\/dp\/4862801307?__mk_ja_JP=%E3%82%AB%E3%82%BF%E3%82%AB%E3%83%8A&#038;keywords=%E3%82%BD%E3%83%AD%E3%82%B9%E3%81%AE%E9%8C%AC%E9%87%91%E8%A1%93&#038;qid=1661403936&#038;sr=8-1&#038;linkCode=li2&#038;tag=globalmacrore-22&#038;linkId=d949b8fbba48a0e10af5b92fbcdfda13&#038;language=ja_JP&#038;ref_=as_li_ss_il\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" border=\"0\" src=\"\/\/ws-fe.amazon-adsystem.com\/widgets\/q?_encoding=UTF8&#038;ASIN=4862801307&#038;Format=_SL160_&#038;ID=AsinImage&#038;MarketPlace=JP&#038;ServiceVersion=20070822&#038;WS=1&#038;tag=globalmacrore-22&#038;language=ja_JP\" ><\/a><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ir-jp.amazon-adsystem.com\/e\/ir?t=globalmacrore-22&#038;language=ja_JP&#038;l=li2&#038;o=9&#038;a=4862801307\" width=\"1\" height=\"1\" border=\"0\" alt=\"\" style=\"border:none !important; margin:0px !important;\" \/><br><a href=\"https:\/\/amzn.to\/3dUD4SD\" target=\"_blank\" rel=\"noopener\">\u30bd\u30ed\u30b9\u306e\u932c\u91d1\u8853<\/a>\n","protected":false},"excerpt":{"rendered":"<p>\u5143\u30af\u30ec\u30c7\u30a3\u30b9\u30a4\u30b9\u306e\u77ed\u671f\u91d1\u5229\u6226\u7565\u30b0\u30ed\u30fc\u30d0\u30eb\u8cac\u4efb\u8005\u30be\u30eb\u30bf\u30f3\u30fb\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f\u304c\u3001Bitcoin 2023\u3067\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u30671970\u5e74\u4ee3\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u7269\u4fa1\u9ad8\u9a30\u3068\u73fe\u5728\u306e\u30a4\u30f3\u30d5\u30ec\u3092\u6bd4\u3079\u3066\u3044\u308b\u3002<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187,118,57,108,109],"tags":[181],"class_list":["post-37242","post","type-post","status-publish","format-standard","hentry","category-energy-resources","category-us-bond-market","category-commodity-markets","category-bond-markets","category-crude-oil","tag-zoltan-pozsar"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/37242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/comments?post=37242"}],"version-history":[{"count":37,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/37242\/revisions"}],"predecessor-version":[{"id":37280,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/37242\/revisions\/37280"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=37242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=37242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=37242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}