The David Lin Report · Monday, September 14, 2026
Peter Grandich expressed concern that the US is engaging in practices that could lead to a currency devaluation, comparing it to using a credit card to pay off a mortgage. He believes Japan will not sacrifice its own financial stability for the US and that the US is on a 'lonely island' in the currency and bond markets.
“We're going down the same road they went down. We're going to cheapen our paper. We're going to issue, uh, short-term bonds by supposedly paying off long-term bonds. It's like having a mortgage, Dave, and saying, you know what? I'm just gonna use my credit card to pay it off. That'll solve the problem. It doesn't solve the problem at all. So I I think it it he set up a contest that this is one that the United States is not going to win.”
“And, uh, I think he comes out on the short end of the stick.”