Bessant demanding others to bend to solve American problems

Scott Bessent demands that China obeys USA currency rules. China is already doing massive trade with Russia in Yuan and Rubles, more than 92% in fact. Likewise, more countries in BRICS are doing it among themselves. The USA wants China, Russia and other BRICS countries to forgo doing all that? China is the prime mover and biggest economy in BRICS to be on target by the USA. Keep dreaming!

USA Treasury Department is also demanding that Japan hike rates, while Japan is already mired in economic problems up to its eyebrows. This will decimate Japan's exports further, raise interest payments on its debts that is already 260% of its GDP. This is unsustainable. Japan needs more exports with a weaker Yen, not a more expensive one.

USA literally destroyed Japan's economy earlier by depreciating the US$ massively against the Yen under the Plaza Accord in 1985, put together by the G5 then - USA, Germany, France, UK and Japan, under which Japan's economy stagnated for more than three decades. It was a coup by the Anglo-Saxon Whites against Japan, with Japan being the sacrificial lamb led to the slaughter. Japan has never managed to recover since.

The USA cares little about Japan's economic problems and is now throwing Japan under the bus, with the current tariffs still to be negotiated. Japan is in deep economic trouble and has little room to maneuver, unlike China.


Anonymous