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Why Japan’s Falling Yen Could Trigger a Massive US Financial Crisis
from 21st Century Wire: Problem: America’s financial strength has become increasingly dependent on foreign creditors routinely propping-up the US dollar by purchasing risky Treasury securities. Japan may not be able to keep this Ponzi scheme going. M.A. Hossain writes for Asia Times… For decades, the global financial system has been founded on a convenient assumption. The US […]
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