Podcasts · The David McWilliams Podcast

The Yen Dollar Euro Salad

· 34 min · S2026 E65

Episode The Yen Dollar Euro Salad

0:00 34:11

We explore the US Treasury’s unprecedented decision to prop up the Japanese Yen by selling Euro assets, a move that bypassed the ECB and shattered decades of diplomatic norms. This episode breaks down how America’s $1 trillion debt service is driving aggressive financial maneuvers and what the erosion of the global rules-based order means for the future of the Eurozone. We analyse the structural fragility of the US economy and the potential for a European retaliation that could reshape global geoeconomics.

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