The yen carry trade , where the lower yen rates vs the dollar were exploited by borrowing yen to buy higher yielding treasuries and pocketing the difference almost risk free , has blown up. This was a huge source of profits for decades in the west, paid for by the productivity of the Japanese salaryman. The west tried to shore up their bombed out balance sheet by seizing Russian resource assets, the richest in the world and then claiming back Chinese manufacturing industries, by war. Plunder and war and financial chicanery is all the west knows. And now its over, the west has lost everything. The shithole will disappear under the waves.
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