Emphasis mine.
https://scheerpost.com/2026/08/24/dollar-system-in-crisis-the-real-reason-the-us-bailed-out-japan/
Dollar System In Crisis: The Real Reason The US Bailed Out Japan
In reference to Japan, US Treasury Secretary Scott Bessent declared, “We will do whatever it takes to support them in a way that helps the American economy, the American taxpayer, stabilizes the global economy”.
When Bessent said the “global economy”, he really meant the dollar-based international financial system, which he is dedicated to uphold.
It is worth emphasizing that Bessent is a former hedge fund manager from Wall Street. He worked for years with billionaire oligarch George Soros, specializing in currency speculation. Together they “broke the Bank of England”, shorting the British pound in a trade that made Soros more than $1 billion.
Bessent is part of a class of extremely rich plutocrats. Just how much wealth he has is not clear. He has been widely reported to be a billionaire, although this has been disputed. At the very least, he has hundreds of millions of dollars of wealth.
Regardless, the point is that Bessent has a vested economic interest in propping up the dollar-based financial system that has enriched oligarchs like him. And Japan has helped to maintain this system.
https://breakthroughnews.org/2026/08/24/china-says-it-opposes-us-economic-warfare-against-iran/
China says it opposes US economic warfare against Iran
Unilateral sanctions do not resolve anything and instead escalate tensions. All parties should act rationally and avoid taking any measures that could further intensify conflict and impact global economic development and financial stability, Lin Jian, official spokesperson of China’s foreign ministry said, in a press conference on Monday, August 24.
“China will do whatever is necessary to protect its interests” in Iran, Lin said.
US President Donald Trump announced last week the launch of an “economic D-Day” to isolate Iran and force its government to give up its nuclear program and control over the Strait of Hormuz.
Treasury Secretary Scott Bessent has threatened strong secondary sanctions on all countries that would fail to comply with the US sanctions and retain their economic ties with Iran.
