🔒 Get 20% off DeleteMe by going to https://joindeleteme.com/DAVIDLIN and use code DAVIDLIN to protect your privacy!And 🔈 Listen to What the Hack?, an award-winning, true cybercrime podcast: https://pod.link/1571482669 Economist Steve Hanke explains the yen intervention, the forces driving currency crises, lessons from the 1997 Asian Financial Crisis, and whether another major crisis could be ahead.Write to us! Submit questions/comments for the next episode:Steve Hanke's email: hanke@jhu.eduDavid Lin's email: david@thedavilinreport.com*This video was recorded on August 17, 2026To get 5% off of your CoolWallet purchase, use my link: https://www.coolwallet.io/discount/davidcwSubscribe to my Briefs channel: https://www.youtube.com/@DavidLinReportBriefsSubscribe to my free newsletter: https://davidlinreport.substack.com/Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34sListen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-reportFOLLOW STEVE HANKE: X (@steve_hanke): https://x.com/steve_hankeCapital, Interest, And Waiting: https://shorturl.at/jBed6Making Money Work: https://shorturl.at/TLTHCProfile at The Mises Institute: https://mises.org/profile/steve-h-hankeFOLLOW DAVID LIN:X (@davidlin_TV): https://x.com/davidlin_TVTikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tvInstagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/For business inquiries, reach me at david@thedavidlinreport.comDISCLAIMER: This video is for informational and educational purposes only and does not constitute financial, investment, legal, or tax advice. Always conduct your own research and consult a licensed financial professional before making any investment decisions.The views and opinions expressed by guests are solely their own and do not represent the views of this channel. Any forecasts or forward-looking statements are based on personal opinions and are not guarantees of future performance.This channel may include sponsors or affiliates. Their inclusion does not constitute an endorsement, and the channel is not responsible for the performance, claims, or actions of any sponsor, affiliate, or third party.No content in this video should be interpreted as a solicitation to buy or sell any securities or assets. Investments carry risk, including the potential loss of principal.0:00 - Yen intervention and why it failed3:59 - Why the yen keeps weakening9:00 - Yen carry trade and Treasury yields12:03 - Bond yields, stocks, and gold14:24 - Japan’s monetary policy problem16:52 - How the Asian Financial Crisis began20:27 - Indonesia’s currency collapse23:34 - How currency boards stopped crises28:25 - Hanke’s plan to save the rupiah31:24 - Why the U.S. and IMF opposed the plan33:03 - Hanke challenges the IMF’s account48:48 - Russia’s 1998 currency collapse53:02 - Why currency boards disappeared56:33 - How Hanke would stabilize the yen1:00:26 - How Hong Kong survived the crisis1:05:21 - Defending currencies from collapse1:09:00 - Could an Asian Financial Crisis happen again?#economy #investing #japan
