Dollar System In Crisis: The Real Reason The US Bailed Out Japan

Dollar System In Crisis: The Real Reason The US Bailed Out Japan

Ben Norton, Geopolitical Economy. The US intervention to prop up the yen is not just about Japan, but about a crisis in the dollar system. Washington doesn’t want countries selling Treasury securities, as yields rise and global dedollarization grows. The US government quietly bailed out Japan this August. The US Treasury intervened in the foreign exchange market to prop up Japan’s currency, the yen. It was the first time that Washington had don…

Global Capitalist Blues: Why is Mordor Bailing Out Japanese Currency

“What’s the connection between the US recent bailout of Japan’s currency and collapse of the Yen carry trade? The US has annual budget deficits and $40 trillion in national debt.” “The US Treasury’s failure to sell off US Treasury bonds adds to the problem. Political economist Jack Rasmus explains why  US Treasury Secretary Scott Bessent and Donald Trump won’t be able to halt the emerging US fiscal train wreck.” ~ Quote from https://disk.360.yan…