Who owes the United States and other countries debt?
How does the system operate?
Who is believed to have designed or influenced the creation of such a system?
The videos provide a clear and thorough explanation.
Japan invented nearly every tool central banks now reach for.
Zero rates โ 1999
QE โ 2001
Yield curve control โ 2016
Its debt is now ~240% of GDP. Double the US.
Japan's reckoning is unfolding right now โ and America is walking the same path, a decade behind. Here's my take ๐