*[[Alastair Crooke]]: "Ultimately the big picture about [[Iran]] is that this whole issue now hangs on the [[bond market]], the [[debt market]]. [[Japan]] is a potential trigger for something much bigger because the prospects of keeping the Japanese [[yen]] afloat are not looking good. The rescue is going on. [[Bessent]] has spent I think $90 billion, not of his money. Some of it was he sold off [[euro]]s in order to buy yen, but large amounts. And the yen keeps devaluing. And as it devalues, [[interest rate]]s go up, [[inflation]] goes up, all of the problems become much more exacerbated."[https://youtu.be/rbopXjaKbC8?t=2463] August 12, 2026. | *[[Alastair Crooke]]: "Ultimately the big picture about [[Iran]] is that this whole issue now hangs on the [[bond market]], the [[debt market]]. [[Japan]] is a potential trigger for something much bigger because the prospects of keeping the Japanese [[yen]] afloat are not looking good. The rescue is going on. [[Bessent]] has spent I think $90 billion, not of his money. Some of it was he sold off [[euro]]s in order to buy yen, but large amounts. And the yen keeps devaluing. And as it devalues, [[interest rate]]s go up, [[inflation]] goes up, all of the problems become much more exacerbated."[https://youtu.be/rbopXjaKbC8?t=2463] August 12, 2026. |