Got a letter:
Allan: Is it true that Canadian Prime Minister Mark Carney got together with leaders from Europe and Japan who collectively held 4-5 trillion worth of US Treasury bonds... and sold them... which forced the rising interest on US debt?
At this point, Scott Young jumped in:
Close but not quite.
Carney is the leading element in this effort but they are not selling off all the bonds, just enough to raise the rates on their other bond holdings.
The US will have to pay more on their debt and the countries that Trump is attacking will make more money.
It is brilliant, sneaky and completely successful.
Trump is backing down, pausing tariffs and stumbling in panic.
Carney is a PhD in Economics from fucking Oxford, is the first person in modern history to have run TWO G7 national banks.
He's winning at chess while Trump is losing at Tic-Tac-Toe.
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