Source: Libertarian Institute
by Charles Goyette
“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 lenders. Any meaningful liquidation of those holding would be a market shock that would drive interest rates higher. So, Scott Bessent is protecting the strained Treasury market with clever currency machinations. The secretary, like the president he serves, must be a stable genius.” (09/10/26)
https://libertarianinstitute.org/articles/beware-monetary-geniuses-at-work