What really happened to cause Trump to retreat partially? Treasury Secretary Bessent, who has proven untrustworthy, said it had nothing to do with the bond market. Trump then went out and spoke to the press and said he acted because the bond market was getting "yippy," once again showing Bessent to be lying. Now I'm hearing that Japan, which owns more U.S. Treasury securities than any other foreign country, followed closely by China, threatened to sell its holdings, which would have been a catastrophe greater than Trump has so far inflicted on the world.

The Dollar is, because of political risk in the U.S., losing its coveted status as the world's reserve currency.