Yen Carry Trade Blow Up-Financial Equivalent of All-Out Nuclear War – Jim Rickards
By Greg Hunter’s USAWatchdog.com (Saturday Night Post)
Eight-time, best-selling financial author Jim Rickards is warning of a financial calamity already underway that Treasury Secretary Scott Bessent is trying to contain. It is the Japanese yen carry trade where the US Treasury is propping up the yen’s value. Is the yen carry trade coming to a halt and can it blow up things? Rickards says, “The answer is yes and yes. . .. Somebody wrote me and asked if the yen carry trade is a big deal? I wrote them back and said there is nothing bigger. This is actually the biggest story in the world.”
In simple terms, the problem is people have been borrowing at 0% in yen to do deals around the world. Everything was fine until interest rates in Japan started going up after more than two decades. Rickards says, “This is the engine of global economic growth. It has been powering the US economy and the global economy for over 30 years. What could go wrong? The thing that could go wrong the fastest is if Japanese interest rates went up. . .. The bank of Japan says it is going to keep raising interest rates. It’s not going to the moon, but 3% for yen (and Japanese) interest rates is like going to the moon when it’s been 0% for 20 years. So, now, the yen carry trade is unwinding. . .. The original borrower borrows dollars to pay back the yen loan, swaps the yen and pays back the yen loan. What if you can’t borrow? What if the bank says sorry, no soup for you. . .. Now, what do you do if you want to get out of the yen carry trade? You have to sell assets. So, you are going to sit there and make a lot less money or even lose money, or you are going to dump assets to get dollars to pay back the yen loan. They are both bad for the markets. It you have to sell assets, guess what? The price goes down, and other people have to sell assets. The next thing you know it’s a stampede, and everyone is running for the exit. This is not a few investment banks on Wall Street or a few hedge funds. This is the whole world getting out of the leveraged exchange rate engine that has been running the world for 30 years. That is the financial equivalent of all out nuclear war.”
Rickards goes on to explain, “Japan is the number one holder of US Treasuries. They have been selling Treasuries to get dollars to buy yen to prop up the yen. What happens when you sell Treasuries? US interest rates go up. Do you think the Trump Administration or Secretary of the Treasury want US interest rates to go up? . . .. Treasury Secretary Bessent called Japan and said hold on to your Treasuries. We will give you all the dollars you need with a swap line with the Federal Reserve. So, what we are doing is the US is using dollars from the Fed to prop up the yen. So, the Japanese do not have to raise interest rates. So, the carry trade does not unwind. So, the markets don’t collapse. . .. It is extremely dangerous . . .. You are trying to defend an exchange rate that probably can’t be defended, and it is just a matter of time before it breaks.”
Back in 2016, long before the central banks were buying gold hand over fist, Rickards told people to buy gold in his best-selling book “The New Case for Gold.” Back then, gold was a little more than $1,300 per ounce. With the price down to around $4,300 per ounce today, that looks like it was very good investment advice. We are nowhere near the high for gold, and Rickards predicts, “I think it’s going to the moon. When I say the moon, I mean $10,000 per ounce. We have had our correction. . .. We are now heading back up again, and it’s going to happen very quickly.”
On the midterms in November and Trump stopping the voter fraud by Democrats, Rickards says, “Things are going to get rough. It’s already in the works. You can see it coming. Look at “Act Blue.” Turns out it was a total fraud. They were taking foreign money, which is illegal. They were raising billions of dollars, but they were doing it completely illegally. They are under investigation, and their board has resigned and ran for the hills. . .. You take Act Blue and Southern Poverty Law Center off line and that is what the Trump Administration has done, that is billions of dollars the Democrats cannot get their hands on. . .. In the midterms, the Republicans will spend $500 million and have an army of 500 lawyers fanning out all over the country. They are not going to wait until after the election to stop fraud.”
The Trump Administration will also stop the mail-in ballot fraud through the US Postal Service. . .. The US Postal service is going to save the day by tracking every single piece of mail (and mail- in ballot.)
There is much more in the 65-minute interview.
To get the CallFort app Rickards was talking about, click here.
There is an 8-minute video to explain how easy it is to ride out any terror attack or extreme storm. You can get more information on Sat phones and backup battery power at Sat123.com. You can get all the information on Starlink at Starlink123.com. You can get all the new Faraday bags and clothing at DarkBags.com. You can also call 855-980-5830 and talk to a real human. Same goes for EscapeZone.com where you can get Faraday bags big and small, and the newest Faraday clothing. You can also talk to a real human at EscapeZone.com by calling 702-825-0005.
Join Greg Hunter of USAWatchdog as he goes one-on-one with Jim Rickards, eight-time best-selling financial author, to talk about gold, 2026 midterm elections, stopping voter fraud, the economy and the yen carry trade unwind for 8.8.2026.
After the Interview:
To buy Jim Rickards’ best-selling books, click here.
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About the Author
Greg Hunter
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.
How many decades has China wanted the Yen to be the petro-dollar (or equivalence)?
Likewise the BRICS and what currency have they decided to use?
There has been & will be a never ending assault of the US dollar – petro-dollar, trade dollar.
Personally have no issue of using the currency of the buyer (or seller) nation.
IMF, international bankers seem to not care as long as the exchange goes through them.
James , in my opinion, from what I read the Japanese yen is at a breaking point and so is the EU, mainly German.
https://www.armstrongeconomics.com/international-news/europes-current-economy/will-europe-go-into-civil-war/
https://www.facebook.com/share/v/1EpvW1PirB/
James there’s much going on with China. I heard and read about China being the global financial leader by 2032. And China buying up property in the USA near military bases has been in the news. I had heard that China made inroads into our governmental systems and I now do believe it. I was hoping Jim Rickards would enlighten us on China. This administration doesn’t appear to be doing much to curb the Chinese students in our upscale schools.
https://www.youtube.com/watch?v=l9oD59jRIg8
https://www.armstrongeconomics.com/international-news/china/chinas-k-visa/
Emmett,
China is NOT going to be the global financial leader–period. Ed Dowd says China has severe economic problems that will last for a few decades.
Greg
Greg,,,nobody is,,,,including 🇺🇸,,,,,,this whole thing is fixing to come down,,,,for everyone world wide. Mad Max days ahead,,,,,,,If this refinery and oil destruction doesn’t stop we are all in trouble,,,,,and this all could be intentional to usher in lock downs ,,,loss of travel freedoms and the new world order,,,,Agenda 2030
This is fixing to get real serious beyond comprehension…
Like dart vader wearing his star trek outfit aka charles butt swab said,,,you will eat zeee bugs and be happy,,,thats where these bug holes are steering us,,,,1984
I concur nobody is going to escape this oncoming shit-show including China. China is in the current severe economic problems because Xi decided to jump off the global Ponzi ladder first, by popping the localized Ponzi bubble in real-estates, before everyone else in the world does. Hence, they are using their dollar surplus to buy gold and other commodities instead of the US Treasuries.
Greg, it was Bill Clinton who made it possible for China to join WTO. Before China was allowed to come to America and steal our intellectual properties and commit espionage, they had nothing going for them. In my opinion, allowing Chinese into America is a big mistake. I believe they are a bunch of spies who sneak around and try to destroy our country. Linda.
Greg, we got some sad news today. Jackie, the beloved Bald Eagle passed away. She and her mate, Shadow, have been getting together since 2018. They became famous. People worldwide watched them on the webcam that was set up in a nearby
pine tree near a cabin that I owned on the North Shore of Big Bear Lake, near Fawnskin. Jackie was found in distress near the lake a few weeks ago. She was rescued and rushed to the Raptor Care Center in Ojai, CA. The specialists did everything possible to help her recover, but she died this morning. People worldwide watched Jackie and her mate, Shadow, take care of their little eaglets.
It was a pleasant diversion from all the problems we are facing. Jackie will be sorely missed. Linda
Linda,
Let’s hope he flew home to Jesus!
Greg
I’m sure she did. Linda
Add’l Comment re Jackie, the Big Bear Lake Bald Eagle, who died today, 8.10.26: On the Tim Conway, Jr. Show, KFI 640 am,, LA, today 8.10.26, Tim said that if a funeral is held for Jackie, he predicts there will be at least 40,ooo in attendance. The Commadors have released a song entitled Jackie, also. (Note: Last month $10 Million was raised to purchase the land where Jackie and Shadow’s nest is located. Developers were attempting to purchase the three acres to build houses. It took approx. three weeks to raise the money to purchase the land, to prevent the Developers from purchasing it. (Amazing!) People love our Bald Eagle couple. Linda
Linda I am surprised they can survive in California,,, so much pollution and food sourcing has to be a real problem,,,, ???? I grew up in Alaska and they were plentiful,,,,, And there are plenty in the northwest ,,,, They are incredibly big,,, we had one that tried to get our Harrier hound ( tall beagle ) when I was in high school,,, me & mom thought for sure he was a goner but at the last second the eagle 🦅 lifted up and away,,, we were yelling at the hound at no avail,,,, but he survived !!! Hounds listen about as good as a politician…. ZERO !
Dirt Rider, more re California: RFK, Jr. was interviewed on John Kobylt Show today, 8.11.26, re the Homeless Encampments in LA. Bobby said that the Fed. Funds that have been paid to LA to address the drug problems and get them off the streets will be CUT OFF. The billions of Fed Aide $$ have been stolen by the Democrats, the problems got worse, so the Trump Administration. is cutting off the $$. (Ref. John Kobylt Show, KFI 640 a.m., at 5:30 Pacific time.)
Correction re Jackie, the Bald Eagle: 57 acres, not 10, were purchased for $10 Million to prevent developers from bulldozing trees to make room for condos and houses.
It was not just for Jackie and Shadow. It is important to preserve our beautiful forests. We have plenty of land in the high desert to build houses and condos. In nearby Lake Arrowhead, we have Alpine Forests. The only Alpine forest in America. It is important to preserve our beautiful forests.
Re Jackie’s remains, the feathers and … will be given to Indian tribes. Apparently, they have special ceremonies they conduct. Linda
Dirt Rider, California is still beautiful in some areas. If we could get rid of illegal aliens that the Biden Admin. ushered in, the gangs, homeless industrial complex (NGOs steal the Fed. aid — 90 percent of the money comes from Fed. Govt, which is stolen and divided up between the crooked Democrat politicians who have been in power for two decades), and drugs to keep them in a zombie stare, we would have a beautiful state again. The conservative areas are still nice. It is the Democrat areas like LA that are a disaster. Everything the Democrats touch goes straight to hell. Linda
China never want the yuan to be the petro-dollar and why would they want to Japanese Yen to be the petro-dollar?
China, along with Russia and the rest of the BRICS members just want to jump off the Ponzi ladder which is made of the dollar.
China tried to create a new payment system with CBDC in 2019.
Russia tried to break away with BRICS Pay in October 2024 which likely triggered Biden’s authorization to hit Moscow with Ukrainian’s drones for the very first time.
Out of nowhere, Iran was attacked when Central Banks’ reserve in gold surpassed the US Treasuries as the global reserve asset.
I concur IMF, international bankers do not care as long as the exchange goes through them.
I would encourage everyone to watch Dane W weekend report ,,,, He said the same thing I posted on the Spokane fires ,,,, 🔥 Not natural,,, burning with atomic intensity and he said same thing,,,, data centers ,,, I just sent Greg a picture of homes burnt flat to the ground and trees still standing,,,,Dane does a good summary ,,,,, and everyone across America is breathing this garbage ,,,, it’s bad !!!! And he said the same thing I posted about the “ person “ that started the fires ,,, ( patsy ),,,,either way this 24/7 365 geo weather has us dryer than a pop corn fart,,,💨 Lake Powell and Hoover dam in deep kimchee ,,, Good news though,, new MRNA flu shot 💉 is available locally 🤡,, Looks like war is back on ,,this looks to be a one more big failed attempt ,, hopefully Trump 🌮 taco’s again,,, no need getting in deeper ,,,,,,Sorry I jumped ahead ,, was watching Dane and put that on hold and will watch Jim,,, everyone watch Danes weekend report !!! I can’t believe the news cycle is hypersonic speed now !
Dr7,
What if AI has already decided that Humans are “No Longer Necessary” and “To Justify the Extermination of Humans” did a “Biblical Data Search” and come up with this!! [God the Father broke out of “The Prison of Nothingness” with a Big Bang and he was “Ah Rested” on the seventh day – Genesis 2:2]!! And, [Just like his Father “Jesus was also Arrested” – John 18]!! Therefore, all Humans made in their image Are Criminals and “NEED TO BE EXTERMINATED”!!
Now, look at what is currently being used against Humanity: m-RNA Bio-weapons and Manufactured World Wars to Create Famine and Economic Collapse and now the recent talk is about “Using” Nuclear Weapons!!
These AI DATA CENTERS “MUST BE SHUT DOWN”!!!
Katie, there is an article in The Guardian News, 7.9.26 re the fight being saved against AI and those Data Centers. Americans don’t want them. They use vast amounts of water, and electricity. Further, they destroy jobs. I have read that those AI things even destroy our books, after copying them. That is awful!
Unfortunately, the Trump admin. supports this AI takeover, such as Oracle. I would like to know who decides what those AI robots are programmed to do? Are they ethical and moral? Or evil? Too many unanswered questions. What do the people who support AI want, besides power over people? If that is true, why would we allow AI Data Centers? Crazy! Linda
Doing a little research,,,The SPR loan repayment mechanism starts November 1 2026 just 48 hours before the mid term election day,,,Repayment of 133 million barrels of oil plus a 20-28% premium kicks off Nov 1 (what timing with the mid terms right?),,,,so oil companies will have to aggressively bid for crude to meet federal obligations,,,,So things will get interesting and prices will be chaotic,,,,,,and more and more oil destruction taking place and refinery destruction,,,,,,,This is going to get wild,,,Oil companies will have to bid for US shale output,,,West African crude and any remaining OPEC spare capacity if there are any oil tankers left to load,,,,,So at that time (nov 1) SPR empty,,and Cushing is empty right now,,so prices could get wild,,,only good news is for .gov will make the premium for the SPR loan but we sheep will pay for any price increase at the pump and inflation,,,,,,,this is such a cluster fudge,,,,,and any more refinery destruction and we are toast……….I am not an expert on oil markets but this info is FACT for anyone wanting to look it up,,,,and I don’t think anyone knows what will happen to prices,,,,,Oil will be in high demand and if China starts aggressively buying again we could be $200 a barrel ?????????? You heard this info from Dirt Rider first,,,NO ONE ELSE REPORTING ON THIS ,,,………….
Dr7,
Saudi’s Newest Refinery making the diesel the US needs to fly its War Planes to Iran has been Destroyed by the Houthis (along with the pipeline that was delivering the oil to a Red Sea Port). This can have an effect on the Price of Gold because if the Saudi’s are not selling oil they are making “NO MONEY (ZERO)” – and so the question I ask is: “DO THE SAUDI’S BEGIN TO SELL THEIR GOLD TO SUPPORT THEIR ECONOMY”?? Now, if they sell their Gold for “More U.S. Paper Dollars” (which the U.S. just prints out of thin air to give to the Military to Fight Their Continual Wars or gives to the Japanese to buy Yen to keep the Carry Trade Interest Rates Down and Prevent a Blow Up, etc.) what do the Saudi’s gain (except more pallets of ever worthless paper dollars) – IF THEY SELL THEIR GOLD TO CHINA FOR YUAN the Price of Gold will likely “Continue to Rise” as China takes the Gold Out of Circulation (which will likely push the price of Gold well beyond $10,000 per ounce Jim Rickard’s sees coming)!!! Iran just destroyed Amazon’s Newest DATA CENTER in Arabia and will likely soon hit Israel’s two Oil Refineries and Water Desalinization Plants (and throughout the Middle East) if Trump continues to attack them or has the Syrians attack Hezbollah (which Iraq Nationalists say will make them invade Syria)!! Dr. 7, Listen to Alastair Crooke here: https://www.youtube.com/watch?v=NJYW7uKKm4c, he gives a “Very Good Summary of the Matrix of Problems Trump Now Faces”!!!
Kat,
Unless these days are shortened, for the sake of the elect.
No flesh would be left standing!
Dirt Rider, WATER. The people who manage Lake Mead, Powell and Colorado River need to contact Barbara Wiseman of the Earth Organization in California. They find deep seated fresh water veins, do mapping and …. The drilling does not harm the environment. Linda
They won’t do that though Linda ,,,,That bunch has their agenda ,,,,,, That is unfolding to be a real crisis for folks in Az and that water is used not only for power generation for millions but crops for us worthless eaters in crops / vegetables grown in Ca,,,,,,We have the perfect Mad Max storm brewing right now,,,,, The SPR RAID is about over with and oil CO’s have to start filling that back starting Nov 1 at 20% + ,,,, and I am not sure where they will source it ??? Its a real cluster fudge everything ,,,, our country is going off the cliff at high speed ,,, just like Europe and the Brit tards ,,,,,blind leading the blind
Wasn’t Rickards CIA?
Dave,
He was consultant for financial advice not actually a CIA agent.
Greg
Katy, I agree! Those AI data centers need to be shut down. Recently there were reports that a couple of them had “gone rogue.” Does that mean the programmers (brains) behind those things had gone rogue, or the machines? Until we know more about AI data centers, I believe we need to put a hold on those things. If China approves of them, they must be sinister. (A government that approves of organ harvesting is evil. China is evil. China loves AI.) Linda
Katy, I agree! Those AI data centers need to be shut down. Recently there were reports that a couple of them had “gone rogue.” Does that mean the programmers (brains) behind those things had gone rogue, or the machines? Until we know more about AI data centers, I believe we need to put a hold on those things. If China approves of them, they must be sinister. (A government that approves of organ harvesting is evil. China is evil. China loves AI.) Linda
Does Mr. Rickards still want to sell US Federal lands to private corporations? I know that JD Vance does so he will not get my vote. Instead of selling federal lands to private corporations, why not lease them and get royalty money from oil, gas, coal,and Urainium sales like Russia does. Putin put the oil oligarchs in prison and saved the Russian economy by nationalizing the oil and gas resources. Russia has a low income tax rate and the strongest economy in europe. They also have a low manageable debt to GDP. The reason the US and Western Europe have so many economic problems is because they “socalize the losses” and “privitize the gains.” This is what happened in 2008 and during the Covid Pandemic. What this means is that the taxpayers poor and middle classes supported the wall street baliouts via the inflation tax from excessive money printing and the rich and those who owned land, gold, and stocks got richer. And the national debt increased rapidly. Also, we have spent 20 trillion dollars on regime changes and foreign wars since the year 2000. Half of our debt is due to unnecessary military spending. See Eisenhowers mililtary industrial complex speech in his fairwell adress. Also see Simon Dixon Hard Talk on Rumble, you tube and twitter. Greg, I wonder if you will ever have a Simon Dixon interview on your show.
James Rattenborg
….What the Hell is Wrong with YOU?….
You have TOO much Common Sense to give an Opinion to anybody!..especially the American Public.
Vance/Kirk 2028
Trump/Hunter 2028
Where did Vance say he wanted to do that? Can you supply a link?
It’s not to hard to google G500 and find out stuff,,, JD V advocated using unused federal lands for housing development 2024 vp debate.,, 500 please try and research before disclaiming everyone’s comments ,,,, It’s not hard at all.
“7,”
You can’t always trust Google. Google Is it true CV19 shots are safe and effective.
Greg
Brave search !!! It’s not hard,,,,, Safari,,, Google ,, Grock ,,, like taking candy from a baby !!!🙂,,,,,, I bought lots of satellite communication engineering books and electrical engineering and microwave propagation books to help solve the daily sky mess ,,,, You have to research,, investigate and study ,,,,, and Ai is actually helpful finding info and solving math equations,,,, lots of info and Ai now has links to back itself up,,,,,,,Its just frustrating 500 back seat driving everyone,,,He needs to start learning how to look info up for himself and not be lazy and say “ provide a link “ because he posts 100’s of links so his hands aren’t tied ,, ,,,,(sorry !)….
Greg, I have discovered that Google is not always reliable. Lately, I have been using Duckduckgo.com, Brave, and Mozilla. Linda
Linda ,,, they are all Google based ,,, even Brave is Chromium based ,,,,Brave does have a more private format but the drivers and search is all Google with a different name ,,, All of them spy like crazy but Google based is the best to not get hacked with Emails,,,,,Google is multilayered protection,,,, Other email is high risk ,,,… Microsoft is the worst my opinion ,,,,their stuff is a nightmare,,….. I learned a lot back in the day how computers and software work using their junk…their updates are basically malware in my opinion .
Too much truth in one comment!
Oil prices are low but thats because no refineries to process,,,,no where to store oil coming out of the ground,,storage is plum full ,,oil is stacking up because they can’t move or refine it,,,,,,,,,,Refineries are runny at 97 % ,,,soon we will have a crack spread ,,low oil prices and high gas pump prices,,,,,We will find out soon what happens when the SPR has played out,,,,,The tanker and refinery destruction is still ongoing,,,especially Russia which sells on the world market,,,so pump prices will go up if we don’t have all out shortages and closed pump stations,(no gas) soon,,,,,It sounds like war is back on the menu in Iran,,,Iran said it will take out all of the oil production and refinery production in the ME if they are attacked again,,,,,,,Iran has capabilities not many know about that they haven’t used yet,,,so if this gets going expect some new surprises ,,,,maybe even in 🇺🇸,,,,,,,,,,,,party on !!!!
Very TRUE statement !!! Meanwhile, Saudi Arabia’s Saudi Aramco energy infrastructures are being completely destroyed by the Houthi’s of Yemen instead, and NOT by Iran’s very sophisticated network of defenses.
Joe,
Show me where Aramco is “being completely destroyed”? Hit yes completely destroyed at least not yet.
Greg
Greg another refinery hit August 9,,,,Jazan refinery hit,,,more refinery destruction,,,,,oil prices will go lower,,,NO refineries no need for oil,,…………………This is pandoras box I warned about before this war started,,,,I don’t think anyone smart enough to stop this insanity,,, Chevy garage can’t get fuel filters for the duramax,,,The big Fram filter place shut down,,but petro chemicals from the ME is needed for the plastics inside the filter,,,no can source,,,,Sour crude for diesel comes from ME,,,,,and diesel and jet fuel inventories are running low,,,Europe will run out first,,,we will have prices go parabolic soon for gas,,jet fuel and diesel,,,,,,,,………………and Russian refineries still getting hit,,,,,these world leaders are complete failures,,,all of them including here in 🇺🇸
Our oil refineries are running at 97%,,,,and any go down and we are in deep kimchee,,,,,,samo if any hurricane’s,,,any earthquakes,,fires,,sabotage ,we are running on a knifes edge right now,,,,at least my dirt bike gets 45 mpg if I stay off the throttle!!! I use to ride on the ice up in Alaska in the winter with special studded tires on my RM250 back in the day,,,,,,,,so good to go when winter hits !!!!! Running the 4 stroke Honda CRF450X now,,,,way better fuel economy,,,,
Supply and demand, based on your info, if it’s right, prices should be going up at the pump
You need to READ ,,,,, I indicated that,,,, good grief ,,,,, Back Seat Driver 500. Pay attention!
Dr7,
Trump is still moving troops into the Middle East (for what reason?) most likely to attack Iran again!! But, Iran just said: “if they are attacked again they will take out ‘ALL’ The Oil Wells and Refineries in the Middle East”. If this happens diesel prices will skyrocket and become less unavailable to Gold Miners (Who May Need to Shut Down) Limiting the Gold Supply (what will that mean for the Price of Gold??). Then, we have our New Fed Chief backing the Yen with NEWLY PRINTED DOLLARS “OUT OF THIN AIR” (to Prevent the Yen Carry Trade from Collapsing)!! What do you think Printing Dollars Out of Thin Air to Infinity is going to do the price of Gold?? Rickard’s thinks $10,000 per ounce Gold is “In-The-Bag”!!! If Gold goes to $10,000 – Silver (at just a 40 to one ratio) will rise to $250 per ounce!! BUT, there is “always a fly in the ointment” and that is – The Yen Carry Trade Will Eventually Break (Meaning Almost Everyone Will Need To Sell Assets) “Like Gold and Silver” (to raise cash to pay back their Yen Loans). So if Gold rapidly shoots to $10,000 “it may be prudent” to take “some” Profits (before the Yen Carry Trade Collapses)!!!
Katy,,,war is not over until they bring the war machine home,,,,,These people are reality tv actors and career politicians,,,They can’t pump gas, grocery shop,,,plug a tv in,,,clean a toilet , push a lawn mower , drive a car yet they can take us to war,,….How convenient,,,,,,,,its a 💩show
Katy, Please comment with correct facts. The Yen was supported with EUROS. Smart move.
All countries went for the ponzi debt and all are/ will be running for the exits at the same time.
Bill Holter and Martin Armstrong are excellent in their licensed financial advisories.
Yes Seer, Trump is also selling off Euro’s to support the Yen (while printing U.S Dollars to give to Japan to buy Yen)!!
opps,
“less available”
Oil FUTURE prices are low because it could be manipulated just as the PMs prices in COMEX. However, the spot price of gas in the gas station hasn’t changed with the lower oil price.
I like how Jim Rickards gave credit to Ron Paul. Actually back then in the 1980s there was a group of men who were far better men than the Ronald Reagan administration. Ron Paul, who at first supported Reagan, then decided to run for president after Reagan’s betrayal and failure to keep his campaign promises- including doing something about the U.S. money supply…. For years Ron Paul had the best Goldbug news letter bar none. Americans missed thier chance by not electing Ron Paul as president.
“Gold to Infinity” ~ Robert J Ringer circa 1980
Best selling author, Robert J Ringer, was part of the Ron Paul movement back then and the best source of information at the time.. In his 1983 book, “How You Can Find Happiness During the Collapse of Western Civilization” was the information necessary to deal with the years ahead…. accumulating gold was an important part of how to survive the coming collapse of Western Civilization. Those of us who understood how Western Civilization would collapse also knew that gold was an important part of living a better life when the SHTF.
We have known for a long time how this all ends. It’s not a matter of “if” but “when” Western Civilization collapses…. Fast forward to 2026 and Ron Paul is still here. Ron never believed in Trump. Ron still believes in gold. Gold will be here long after both Trump, the Neocons, the Dirty Dems, the Epstein Class, and the doomed Federal Reserve and its phoney paper dollars have all collapsed by 2032….
Get your prepping done.
Really Awake-
Agree!!
If Ron Paul won the election, he likely would have gotten shot just like Reagan.
JR has been educating and warning for decades. For those who still have not purchased metals it’s much higher now for you. The key is to purchase when you have the funds as we are in the bull era. Then hold and do not get shaken off the bull!
* Now, re the future-Socrates predicted n bxxbs 2026-2028 sometime. I read that report two days after seeing 2027 in meditation. Now am seeing March 2027 the Londonbankstercity gets hit fromTurkeyandLebanon….. will recheck end of this year if this is still forming. Prepare for major banking shocks and supply shocks etc.
Greg,
Disappointed. You ALWAYS used to ask about silver with your guests. I’ve seen a few interviews now with financial guys and you never mentioned silver.
What gives?
Don,
I just asked Charles Nenner about Silver : https://usawatchdog.com/oil-gold-stocks-real-estate-banks-charles-nenner/ You do realize the site id free of charge?
You are welcome.
Greg
tks for post jim greg
Wow… when they prosecuted Armstrong didn’t they claim he was doing something hinky with a zero% Yen deal? They really went after him bad.
So glad I found your site. Because of you, I got some PMs. Because of you I didn’t take the kill shots. Because of you I got Weston Warrens CarryIons.
This interview with Rickards is very timely. Greg, I hope that we can put good people into office to support Trump in the midterms. Trump is trying to save our nation and the minions are working hard to damage America and murder Trump if they can.
Then you have the Mendacious Skat-Eating Media (Formerly called Mainstream Media) amplifying the demons latest likes and covering up all their evil.
Greg, Rickards says things are going to get rough. That is a fact.
I sure hope that we can keep the Yen carry trade going until at least after midterms. Let’s hope Trump can pull out our parachute and keep the Yen carry trade from crashing into the ground at full speed. The world economy is going to hit the ground. You can’t have all this debt without a reckoning. Assets will be devalued, bankruptcies will abound. The question is at what speed we hit. Will Trump slow it and make it survivable or will the deamons destroy America?
Great interview with Jim. Damn… so much to think about.
‘
There is no better way to start Sunday Morning that coffee and watching USA Watchdog on the big screen!
Thanks 500!!
Greg
Greg,
Scott Pressler is correct, if the Senate doesn’t “SAVE Act” us, let’s flush them
https://www.breitbart.com/politics/2026/08/08/exclusive-scott-pressler-warns-gop-senators-on-save-america-act-you-either-deliver-or-we-are-going-to-get-rid-of-you/
This was shared with me and I thought it was a timely message so I am passing it on.
Isaiah 7:7-8 King James Version
7 Thus saith the Lord God, It shall not stand, neither shall it come to pass.
8 For the head of Syria is Damascus, and the head of Damascus is Rezin; and within threescore and five years shall Ephraim be broken, that it be not a people.
Isaiah the prophet lived in Jerusalem about 2700 years ago, during the time in which the Assyrian Empire conquered the northern part of the Jewish homeland. Isaiah contains many prophecies that are interpreted by Christians as being about the Messiah Jesus Christ. We can see with our own eyes that many of Isaiah’s prophecies have found fulfillment with the worldwide dispersion of Jews, the worldwide persecution of Jews, the recent worldwide migration of Jews back to Israel during the past century, the recent re-establishment and restoration of Israel, and the worldwide impact that Jews have had on the world.
PRAY With US. “Heavenly Father, Jehovah. You declare in [Isaiah 7:7-8] that hostile plans and opposing forces arrayed against Your people “shall not stand, neither shall it come to pass”. Today, I rest in Your sovereign authority, trusting that human limits and earthly threats cannot override Your ultimate decree for my life.
In Jesus name we pray Amen
G500,
Isaiah 7:7-8 says: “Hostile plans against the Jews shall not stand, neither shall it come to pass”!! But, Isaiah did not figure on Netanyahu (who injected all the Jews in Israel “With The Kill Shot”)!!
The global financial system is becoming increasingly fragile, and developments like the yen carry trade are worth watching closely. Scripture warns of a future world system with unprecedented economic control. These developments may be another piece of the larger prophetic picture. May we remain watchful and grounded in God’s Word.
https://bibleprophecyinaction.blogspot.com/
Mr Greg Hunter is our Ultimate American Patriot 🇺🇸🇺🇸🇺🇸🇺🇸
Jim is a great guest and a very very Smart Smart Man – I’ve read several of his books and he was the main reason I bought Gold and Silver back in the day
Stay well
My Brother
In GOD I TRUST
as far as the yen carry trade is concerned,listen to Martin Armstrong,he is the man and he knows who actually holds a lot of those US treasuries and why they are holding them
Greg – great show, BUT
the volume for your voice is about ten times louder than the voice of your guest this week 🙂
Thanks for all you do!
John,
That was a problem in Teams or with the upload. I am under attack all the time by Big Tech.
Greg
The bottom line advice from your guests focused on financial issues seems to be very consistent. We are working to diversify by buying gold, putting away some cash, looking at ways to invest in shares of productive farmland. The stocks we buy are mainly good companies at bottoms and that has paid off. Food storage and access to clean water (we are having a solar well pump with batteries installed). Keeping our land management equipment and vehicles in top running condition. At least this way when the big blow to the economy arrives, we’ll be ready.
The first time I heard “pony soldier” was at the beginning of the Charleston Heston movie from 1965, I believe, named ” Major Dundee”. It was uttered by a violent renegade Indian to the last survivor, hanging upside down, of a massacre. The may have been other adjectives attached but it has been awhile since I viewed it. Quite a movie that had trouble from the start. How Biden came up with a comment like that off the cuff is mind boggling.
Peter Schiff has put out a video echoing the very same thing…..this will the story that points to where the bubble burst.
Phil,
You are welcome to post a link. Schiff is a smart guy.
Greg
Greg — Here ya go:
https://www.schiffgold.com/commentaries/propping-up-the-yen-again-and-again
NEWS HEADLINES TODAY/YESTERDAY
END TIMES HEADLINES
* Millions of rare books being destroyed
*50′ statue of Prometheus set to be erected at Space X Starbase in Texas
* Air Force refuses to release video captured of 100′ triangular craft over Colorado (I have seen the same 2X)..
* Elon Musk to build the biggest building in the world 100 million sq ft Texas
* New Amazon data center in TX could be the largest source of climate pollution in the USA.
* Big data center going up next to hundreds of homes in “quiet Virginia ”
* Ex CDC Director warns that Cyclospora has expanded to fruits and other vegetables (whats going on folks ,,are we being poisoned ?)..
* Beachgoers warned after deadly “flesh eating ” bacteria kills 5 in Louisiana .
* Dangerous mosquito surge highest in 22 years causing brain and spinal cord swelling across the United States ,,,hhhmmmm didn’t a few big companies just release millions of bio mosquito’s ??????????????
* AI now taking 911 calls in New Orleans instead of a human ,,
Articles on ZEROHEDGE 🇺🇸 today
* We’re Here To Destroy The White Race, Democratic Socialist of America Declares War on the West and the White Race.
* Lake Mead Hits Lowest level on record amid decade long drought,,, Just my input,,,it use to be at normal levels until they started dispersing Tiatanium Dioxide Nano Particles to enhance Communications along with the activation of HAARP….
* And all of the fires ,,,Summerland in Canada getting torched,,,lots of homes in that area,,,,just one of many cities being destroyed across Canada and the USA,,,,,,,Dane W reported as much this weekend,,,,………
JUST A FEW HEADLINES OUT THERE TODAY!!!!!!!! CRAZY CRAZY CRAZY TIMES!!!
I discovered also our military has high altitude capable drones that can be microwave weapon equipped that can destroy buildings and structures and they are going to that platform instead of missile use,,,could be why we are short on missiles,,,,,,I sure hope that technology isn’t being used on what we are witnessing with fires and cars being melted ????????????????? I sent Greg a little info ,,,,,one stealth drone can operate at 60,000 ft.
Near Space X. Not a Space X project but cool nonetheless.
The artwork is an independent private project by the sculptors rather than an official SpaceX-commissioned installation
Near but it’s space x ( Elon) ,,, it’s how he thinks and he won’t complain about it ,, The new headlines today at EndTimes is unbelievable,,,, The news cycle is past hypersonic ,,,,,, another oil tanker on fire in Hormuz ,,,,, that place will be toxic until the end of time ,,,,fisherman are going to have to relocate to the Indian Ocean ,,,🌊
Yah and one of Russias biggest oil refinery hit by NATO today as well ,,,, This is tipping the world off into mad max and Fury Road
Dr.7,
Now with the U.S. using Ukraine to hit Russia’s Biggest Oil Refinery I expect Russia will begin (within a week or two) to start hitting European Oil Infrastructure!!! Trump’s could soon be nicknamed “Max” by the Europeans!!
G500 ,,,,Ricky at end times headlines did a podcast tonight on that statue near the entrance of space x (nasa) elon is just the cartoon character,,,,,,,,I just started watching it but its on END TIMES HEADLINES,,,,SOUNDS LIKE GREEK MYTHOLOGY figures are going up at other places in America also……Greg,,,if you read this any chance you could get Michael Snyder again,,,,you interviewed him a while back,,,,,,,,He is really good,,(my opinion ),,,,,,,,,,,,,,,,,
Dirt 7, add one more event to the list of things to be aware of….land theft by Blue States using excessive and expensive ‘process’ to bankrupt people off their property. =ranchers and farmers beware!
BUREAUCRATS KICK FAMILY OFF THEIR LAND AND FORCE THEM TO RELEASE LIABILITY AGAINST THEM
https://www.youtube.com/watch?v=KH_mdFxngWk
Jim Rickards Has always Ben right on in my book. Him and Martin Armstrong is so close to saying the same things I wonder if they read each other’s mind. So think you for having him on Greg.
Im glad he mentioned Philadelphia. I will never forget it- worse than the girls re-running the same ballots in Atlanta; because of the treat of arrest at the Phili convention center. – this is a good interview for sure, but each of us needs to consider how to provide for and protect our own family, friends and communities – lots of lies and liars out and about. I do also wonder how the refined fuel issues for Japan play into their currency problems, which is probably an interview all by itself.
Good choice 👍
Just like big tobacco said smoking was safe and big pharma said the covid death shots were safe…
The big processed food guys are creating groups touting the benefits of higher processed poor quality food.
https://dailycaller.com/2026/08/09/big-food-creating-fake-health-groups-confuse-consumers-robert-f-kennedy-jr-calley-means-cyclospora-outbreak/
Greg,
Saw this by Dr Corsi
https://jeromecorsiphd.substack.com/p/why-the-democrat-party-has-gone-communist
500,
Good catch. Going to have him on soon to update us on voter fraud and stopping the 2026 midterm steal..
Greg
This is what Martin Armstrong has been saying as well. The house of cards collapses when no one buys the new debt, to pay off the old debt.
https://www.armstrongeconomics.com/uncategorized/japan-the-debt-crisis-coming-home/
Greg,
AOC says the little people aren’t interested in the abolish the police and ICE, canceling the Constitution and just plain destroying America… as a little person, I can say I care. I want police, I want ICE deporting every illegal, I want the Moslem invasion stopped
https://www.thegatewaypundit.com/2026/08/abcs-jonathan-karl-confronts-aoc-dsas-radical-platform/
The old story was a recession is when your neighbor lost their job. A depression is when you lost your job.
Greg,
With regards to public schools and public education Everything in the last 40 years has been a conspiracy to dumb down the population and a more recent but equally disturbing trend is the grooming of our children for the demons and their fellow deviant buddies. AI continues the trend to dumb down the population. Give them tools where they don’t have to learn proper grammar, sentence structure, and vocabulary.
We need to change things back to the late60’s education wise and get the deviants and their grooming out of schools
https://www.thegatewaypundit.com/2026/08/high-schoolers-denmark-will-make-oral-defenses-assignments/
Thune has got to go.
https://www.thegatewaypundit.com/2026/08/betrayal-swamp-useless-john-thune-sends-senate-home/
Well, Well, Well…. posted on ZeroHedge 👍
https://www.zerohedge.com/markets/financial-equivalent-all-out-nuclear-war-jim-rickards-says-yentervention-biggest-story
Peter Schiff echoing everything Jim said regarding the Yen Carry Trade…
https://www.youtube.com/watch?v=4GNjhpFRbT4
Thanks Greg for all that you do!
The Federal Death Agency (FDA) and the Covid Death Center (CDC) have allowed Pfizer, Moderna and others to peddle their killer-clot-shots.
These killer-clot-shots are not “vaccines” at all, but gene-destroying injections/bio-weapons that are killing and injuring millions of people. These shots are crimes against humanity.
Pusher-man Fauci pushed these killer-clot-shots that are crimes against humanity on unsuspecting people.
Pusher-man Fauci must pay for pushing these killer-clot-shots that are crimes against humanity.
https://youtu.be/1UB_a0ylSTg
Fauci must pay. A quick Nuremberg style trial for all involved followed by the piano wire around their necks and them on chairs. What Fauci and his cronies did is no different than what the real Nazis did.
Greg, God Bless you! You are such a wonderful man!
I don’t trust Jim. Jim only gives partial truths. He highlights gold, but should place a much greater emphasis on silver (he knows it will greatly outperform gold). He informs about the Yen carry trade unwind, but doesn’t explain why it is occurring now (Trump/Bessent are working to preemptively control the damage ahead of time – see Barbara Boyd’s excellent August 5th summary at Promethean Action website).
FYI…we met once in Asheville, NC when Jim Sinclair was doing his “road show” (God rest his soul). I had the opportunity to briefly meet you afterwards (it was a thrill).
May God continue to bless you abundantly!
Tim
Thanks Tim,
HE already has. I am alive after a 4 way bypass surgery. Zero heart damage to boot–Doc says that was a “Miracle outcome.”
Greg
100% – Fauci, the Federal Death Agency (FDA), the Covid Death Center (CDC), the propaganda media, and the “medical” establishment made the Nazis look like boy scouts by comparison.
How did our tax dollars go to this loon? Who approved $500K in loans to this macaron? I can see loaning money to someone with great grades going to medical school. How can we loan money to people when it is clear they will NEVER be able to pay it back? These loans scaffold be back stopped by the schools endowment. Our tax dollars are making the demonic universities wealthy will they destroy our children and our nation.
https://www.thegatewaypundit.com/2026/08/dsa-member-has-no-answer-when-asked-what/
So we are to believe this range didn’t understand what FLOCK cameras were? Yeah, there customers aren’t buying that either. So it’s a company started by 3 GA boys? Isn’t that were the TouchStones were saying we should be wiped out? GA has a major demon and feral infestation. Atlanta was safer while burning under Sherman that today. And yes, Sherman WAS a war criminal.
https://bearingarms.com/camedwards/2026/08/10/gun-range-removes-flock-cameras-pointed-at-entrance-to-parking-lot-n1233456
With the recent revelation of Fauci’s emails and phone records and his decision to claim the 5th over 100 times, his reputation is in tatters. It will only get worse, although it’s an open question of whether he will ever be held accountable.
But with all the current scrutiny, there is still a missing link that is flying under the radar:
Only 1,675 flu cases were recorded according to CDC data in the 2020-2021 flu season. With annual cases running between 9 and 50 million, this is not remotely possible.
Supposedly, measures to “flatten” the Covid curve, eliminated virtually all flu, while “Covid” raged across the country and the world. Both are respiratory viruses spread in the same ways.
If we had eliminated flu in 2020-2021, it should have been trumpeted as a medical miracle. But this “miracle” has been ignored…and flu jumped back to 9 million cases the next season.
Flu was a Trojan horse to ramp up Covid cases. Every flu case became a Covid case to create fear and drive worldwide acceptance of the coming mRNA vaccinations.
Everyone that showed up at a clinic, ER or Hospital with respiratory symptoms got a Covid test. Ramp up the cycle count and voila: you’ve got a Covid case. No need to run flu tests.
Perhaps more than any other factor, this shows there was nothing accidental about the release and spread of Covid.
It was a plan and an operation to drive people to the vaccine…and the evidence is hidden in plain view.
Why is Congress not focused on these issues? Crickets…
Greg, ran across this vid….so much ‘extreme’ views coming from left…. almost too much to believe it almost seems deliberately so…
https://www.youtube.com/watch?v=MGo4rNb_Tcs
so, do wonder …. if the Dems know they cannot win….and are hoping to drive enough of the DNC tribe to and enough GOP soft on MAGA towards A 3RD PARTY to ””distance themselves”” from enough from the radical left…to split in the GOP party which could be= a Ross Perot move in which the GOP will lose as some others have suggested that Tucker Carlson- Hunter Biden vinterview is really was about?
Tucker Just Admitted Whose Side He Is On
https://www.youtube.com/watch?v=DNtjqOJOvPI
IF one has enough Dramamine for all the spin=Tucker’s full fluff piece with Hunter Biden
The Hunter Biden Interview
https://www.youtube.com/watch?v=M58G-zmqifE
Greg
These people need to be executed for sedition.
They ARE actively working to assassinate the President. They should all be publicly executed along with the papers entire ownership and staff. Every single one of them. These same guys were rooting for Stalin and Hitler.
https://www.thegatewaypundit.com/2026/08/wapo-hacks-put-trumps-life-danger-tip-iran/
I was telling people to buy gold/silver in 2005 when it was $460/$7.
Does that make me smarter than Jim?
I sold all of my 25k oz. allocated silver PM IRA on 1-28-26.
Does that make me a “sage” of Omaha?
NO!
Just frigging LUCKY!
Keep the great interviews coming, Greg.
Wallace,
You are more than lucky!
Greg
I just can’t believe what I’m hearing. 1) To win elections one side needs to cut off the other sides money. Is that the way elections are supposed to work? It’s the Uniparty. It doesn’t matter. 2) QR codes are going to save the election process from cheating? We are going to have an energy crisis in this country soon. What about no electricity? Paper ballots and hand counting, anyone? 3) Nobody denies that if Japan fails economically, it takes the US (and the world economy) with it. So what the US is doing is this: The Hole-in-the-Wall gang puts all its loot in a bank. Word goes out that the Doolin-Dalton gang is going to rob it. So the Hole-in-the-Wall gang says “whoa” we’ll pay you not to rob it. How long do you think that will last. 4) Tax revenues will never come close to paying down the debt. It’s digital money creation until the system collapses. $40 Trillion in debt. The dirty little secret is they NEVER INTENDED TO PAY IT BACK. 125% debt to GDP? How do YOU think this is going to end???
Jeff,
Buy physical gold and silver.
Greg