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Scott Bessent is 'playing with fire' as Treasury debt buyback scheme risks dollar devaluation spiral - Fortune

Published by Fortune By Jason Ma · 21 August 2026 at 19:32
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Scott Bessent is 'playing with fire' as Treasury debt buyback scheme risks dollar devaluation spiral - Fortune
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What the report says

"Markets are primed for Dollar debasement to resume and — as Japan shows — it can be next to impossible to stabilize a currency once it enters a devaluation spiral."

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