Around 6-months ago a good friend who is also a financial analyst for a living told me to watch Japan. Specifically, Japan will bring down the US economy when they hit TerraFirma after their economic death spiral. The economic nuclear bomb is the US Treasury bonds they own. Around $2T.
Well every couple of weeks, I go down the Japanese economic rabbit hole but very seldom do I find anything. Then out of the blue, Glenn Beck is now pointing to a similar concern.
"The Japanese yen has fallen to its lowest level against the dollar in more than 20 years," Glenn began. "The why behind the crash is what you need to care about, because it could very easily lead to the crash of our treasury bonds ... our debt. The the Japanese are the largest holder of U.S. treasury bonds in the world. They hold more than China, more than any European country, more than any other entity except the U.S. Federal Reserve. ... Japan holds $2 trillion dollars of our debt."
Glenn went on to explain how U.S. Treasury Secretary Janet Yellen and the Biden administration refused Japan?s Finance Minister Shunichi Suzuki's request for financial intervention as the yen falters, thus forcing Japan to sell its U.S. treasury bonds to shore up its currency. As a result, the Fed would print more money in order to put trillions of dollars into buying the bonds that would now be on the market, causing another spike in inflation. - Glenn Beck The Blaze
There are so many items in the news that point to financial collapse and the
Great Reset (
Build, Back, Better) coming our way. Keep in mind you have to break an egg (depression) before you can make an omelet (
Build, Back , Better).
Anyway, time to keep your eyes west and not just at China and India now.
