bought up 100% of its outstanding JGBs and then just canceled all the debt. What happens to the Jpy? What happens to the stock market? And, you know, I've got a number of different questions, but, you know, I guess in a perfect, you know, my thoughts on that end game are that, well, in a perfect world where they no longer need access to global markets, then maybe nothing happens. Maybe the yen actually appreciates. But to me, that's a very unlikely scenario. To me, it's very unlikely that there's such a thing as a free lunch and a perpetual motion machine, because if you're a country that has been profligate enough in its spending ways to have gotten to the point where you need to do yield curve control to the point where your central bank owns, you know, a significant portion of all debt outstanding, then the world is going to view your currency as trash. And so, you know, I mentioned at the outset, you know, so I spent much of my career in corporate bankruptcies and restructurings. (80/92)
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