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Beware: Monetary Geniuses At Work
In Washington DC, Treasury Secretary Scott Bessant buffs his nail on his shirt as he intervenes in support of the Japanese yen. Well, Japan is the leading foreign creditor of Washington’s borrowing. It holds $1.2 trillion in U.S. Treasury securities, and a country like ours, the world’s largest debtor, depends on the kindness of foreign […]
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