this post was submitted on 31 Jul 2024

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Japan is on the verge of a $400 billion fire sale of U.S. debt. This could break the back of the Treasury market and devastate Americans’ finances. (www.cnbc.com)

submitted 2 months ago* (last edited 2 months ago) by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[–] PanArab@lemmy.ml 3 points 2 months ago* (last edited 2 months ago)

Good. Donald Biden (or Joe Trump) have turned the USD and US debt into a dumpster fire. The sooner other countries dump it the better their finances will be.