Let me try being more simple.

The carry trade allows borrowing as the low rate & rate difference allows huge extra liquidity into system and more funny biz by big characters, the fact it’s breaking means we are closer to the day of reckoning and calling BS on things. The carry trade has allowed larger levels of funny biz and as it’s being wind down it means a call on much of the extra liquidity that has been propping up markets in manipulating prices and funny biz.

It has allowed traders & other big entities to borrow at zero % and the fact it’s breaking down means that activity will slow or eventually stop thus causing massive correction in all markets if it totally breaks down.