The Insane US-Japan Currency Bailout

Level up your note-taking with Plaud NotePro at https://bit.ly/4c9s3bC and use code PBOYLE for 15% off Amazon: https://amzn.to/4xFP79Q In July 2026, the US Treasury did something it hadn't done since 1998: it intervened in the currency markets to prop up the Japanese yen — and Treasury Secretary Scott Bessent, a former Soros hedge fund manager, ran the trade in the strangest way possible, selling euros instead of dollars without telling the ECB. But this was never really about Japan. It was about protecting American borrowing costs at a moment when the US is paying more to borrow than it has i