Japan Just Started Dumping US Debt!
The Bank of Japan has started selling US Treasuries to prop up the value of the Yen. After signaling last week that they were prepared to take this action, late last night the BOJ followed through when they announced an intervention in foreign exchange markets. This comes at a terrible time for the Federal Reserve and the global financial system as liquidity is draining from US Treasury markets at an alarming rate bringing the world closer to another financial crisis!
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