The David Lin Report · Monday, June 29, 2026
Richard Smith suggests Japan's long-term economic situation serves as a model for the US as it faces unprecedented debt levels. Despite the US's unique position as the reserve currency holder, he notes that its global financial leadership is being challenged.
“I think the point of reference we have is Japan where uh this has been going on for a while and I think Japan is a pretty good uh model for what we'll be seeing in the US.”
“But again, you know, the US has this unique position of being still being the world's reserve currency with the dollar and having treasuries be the uh collateral foundation of the global financial system.”
“So those are not things that are going to be easily disrupted because you know the US is still largely the cleanest shirt in the dirty laundry right and we have a lot of uh geographic benefits and um tax base benefits etc.”