The Jay Martin Show

Get your tickets for the Vancouver Resource Investment Conference, January 24–25, 2027: https://vricmedia.com On October 21st, France crossed a line it had not crossed since 2002. The interest rate it pays to borrow for ten years passed 5%, higher than Italy and higher than Greece. The cameras are on the riots, the curfews and the burning cars. That is the wrong place to look. France owes less tha...

Get your tickets for the Vancouver Resource Investment Conference, January 24–25, 2027: https://vricmedia.com Imagine borrowing money and picking your own interest rate. Not the bank. You. A government that owes $40 trillion and paid more than $1 trillion in interest this year, more than it spent on its entire military, would pick a low rate every single time. There is a tool that lets it. The cen...

On September 12, the head of one of the most valuable companies in the world asked his own industry to slow down. Sixteen days later, Reuters reported his company was preparing to go public at a valuation above $2 trillion, with a prospectus that spends 80 of its 261 pages on risk, including the risk that its product threatens human survival. The official story is public safety. Companies do not w...

On September 16, the day the Federal Reserve raised interest rates for the first time since 2023, the speaker of Iran's parliament posted a math equation. It was the formula American central bankers use to set interest rates, with two new terms added, each named after a waterway that Iran and its allies can close. It looked like a joke. One week later, diesel hit $6.53 a gallon, the highest price...

On August 22, Canada walked out of trade talks with the United States, and tariffs of 50 percent took effect on billions of dollars of Canadian goods. The official story is that Washington asked for too much and offered too little. The final demand tells the real story: the Americans asked for a say over which countries Canada could sign trade deals with. Ottawa has faced this exact choice before....

This year, two of America's oldest allies quietly took their gold out of the United States. France went first and emptied its New York holdings entirely. The Netherlands went second, moving 86 tonnes. Both governments gave the same answer: it's not you, it's me. Paris said the bars were old. Amsterdam said it wanted to be ready for a crisis. Both made a point of adding that the move was not politi...

U.S. Treasury Secretary Scott Bessent just predicted that the most important oil chokepoint on Earth will stop mattering within two years: the Strait of Hormuz, he said, is about to become just another body of water. Washington's top diplomat is saying the same thing. The plan sounds simple enough: build pipelines around Iran, and the strait that carries a fifth of the world's oil loses its grip o...

On the last day of July, the United States did something it had not done in 28 years: it walked into the currency market and spent billions rescuing another country's money. The White House called it friendship. Governments do not spend tens of billions on friendship, and Treasury secretaries do not say "whatever it takes" about things that don't let them sleep at night. The real story runs throug...

The machine that broke the economy in 2008 has been rebuilt — and this time it's made of AI. Jay breaks down the $2 trillion in promised future payments that Microsoft, Oracle, Google and Amazon are counting as guaranteed revenue, why those promises come from companies that lose billions every year, and how the same structure powered the housing bubble — which actually died in 2006, while prices w...

Last week the White House imposed 50% tariffs on most Canadian goods, invoking a 1930 law no president had ever used, and the Toronto Stock Exchange promptly had its best day in a month — and Jay argues the shrug is the story, not the tariff. In this episode, Jay traces that reaction back 2,500 years to a Greek alliance where every city had to choose between building its own warships or sending si...

China is shutting down paper gold. On July 24, 2026, some of the largest banks on Earth — ICBC, the Postal Savings Bank, Ping An — stop letting their everyday customers trade it, all in the same narrow window, and Jay argues this isn't about protecting investors from volatility. It's the moment China starts finding out what gold is actually worth. In this episode, Jay traces the setup back to a ro...

There is a hidden machine underneath the world's money — a web of banks, payment rails, and rules, built up over the better part of a century, that quietly keeps the U.S. dollar at the center of everything you earn, spend, and save. Almost nobody can see it. And right now, pieces of it are breaking. In late 2025 you got the clearest signal yet: BHP, the largest mining company on Earth and one of A...

In 2025, the world's central banks quietly began holding more gold than U.S. Treasuries for the first time in a generation, and Jay argues this is not really a story about gold, it's the clearest signal yet that the dollar's reign has no heir. In this episode, Jay runs the numbers on every supposed successor to the dollar, China, the euro, the yen and pound, a BRICS currency, even stablecoins, and...

Turkey has started selling its gold after nearly wiping out its U.S. Treasury holdings, and Jay argues this is not an isolated crisis, it's an early warning signal in a much larger financial cascade. In this episode, Jay breaks down how higher oil prices, shrinking global reserves, and forced Treasury selling could pressure emerging markets first, then push stress back into the U.S. bond market an...

The U.S. government spends roughly $2 trillion more than it collects every year and runs entirely on borrowed money — yet somehow it still turns around and lends tens of billions of dollars to other nations. How is that even possible? The answer starts with a keyboard and ends with the price of your groceries. Jay opens 300 years ago, with the Scotsman whose paper-money scheme minted the world's f...

What's happening in Japan is a preview of where the United States is heading. Jay breaks down how Japan's crushing debt, collapsing yen, rising borrowing costs, and dependence on imported oil could ripple into American bond markets, the dollar, and the price of hard assets. He explains why Washington already copied Japan's playbook — zero rates, quantitative easing, yield curve control — and why T...

The slow death of the dollar has already begun and the man who just took control of the Federal Reserve can't stop it. Jay breaks down the impossible choice now sitting on the desk of the new Fed Chairman, Kevin Warsh. He traces the trap back to the Panic of 1907, the run on the Knickerbocker Trust and the day J.P. Morgan saved the entire U.S. financial system out of his private library with real...

The United States debt crisis is starting to accelerate. Jay breaks down how energy disruptions tied to the Strait of Hormuz could force countries like the UAE and Kuwait to sell U.S. Treasuries for cash, driving yields higher and making borrowing more expensive across the American economy. He explains why emergency dollar swap lines may become Washington’s preferred pressure valve, how they work,...

In the next 90 days, the price of your iPhone is going up. So is your car. So is the wiring in your walls. Not because of inflation. Not because of tariffs. Because a war 7,000 miles away is breaking the system that builds everything. This isn’t an oil story. It’s a supply chain story. Sulfur stops moving. Chemicals get rationed. Copper and cobalt production slows. And suddenly, the cost of buildi...

Jay gives a breakdown of a conflict most people are only half watching. On the surface, it’s a military confrontation in the Middle East. But underneath, a second war is unfolding in bond markets and currency flows and that may carry far greater consequences. As energy supply chains fracture and the Strait of Hormuz closes, the ripple effects move fast: through oil, into global pricing, and straig...

Jay sits down with Peter Alexander, founder and managing director of Z-Ben Advisors, for a wide-ranging conversation on China’s real position in the global economy. Peter has lived in Shanghai for nearly 30 years, and brings his unique perspective from inside the country on many topics including: China’s political system, manufacturing dominance, Belt and Road strategy and gold. They also discuss...

Peter Zeihan joins Jay to break down the escalating conflict in the Middle East with major implications for Iran’s nuclear trajectory, global energy markets, and the future of American power. The discussion explores the rise of drone warfare as a transformative force, the fragility of Gulf economies, and why disruptions in the Strait of Hormuz could trigger a cascading energy and economic crisis a...

In this macro discussion, Jay sits down with Grant Williams and Luke Gromen to unpack the real implications of escalating conflict in the Middle East. The conversation explores the gap between official narratives and on-the-ground realities, the fragility of supply chains, and the risk of cascading financial stress across global markets. They also examine historical parallels like the Suez Crisis...

Is geopolitics really about ideology? Or is it a global portfolio reallocation? In this conversation, Dr. Warwick Powell reframes Trump 2.0, Canada’s trade pivot, Europe’s energy scramble, and the AI boom as symptoms of a deeper structural shift. Powell argues the West has built too many abstractions and not enough productive capacity. We explore whether AI data centers are net-positive infrastruc...

Colonel Douglas MacGregor joins Jay to unpack Greenland and Venezuela, rare earths, silver, and copper. This conversation traces how minerals are now shaping geopolitics, national security, and internal stability inside the United States itself. MacGregor challenges imperial thinking, questions Washington’s lack of long-term strategy, and warns that America’s greatest risk may no longer be abroad,...