Making Money Minute with Ron Hiebert - Playing With Fire

History shows that in times of conflict, countries often withhold interest payments on domestic bonds held by their enemies. United States, froze payments on dollar-denominated debt to the Japanese before World War II, and did the same to Russia after the Ukraine war began. The downside in doing this, is fewer people wanting to own your debt or currency. When you are a massive borrower like the US, fear of retaliation and confiscation aren’t big selling features. America is playing with fire, biting the hand of people who support them

Making Money Minute - December 2, 2025

Making Money Minute with Ron Hiebert