{"id":75735,"date":"2026-08-09T08:35:30","date_gmt":"2026-08-09T12:35:30","guid":{"rendered":"https:\/\/stateofthenation.info\/?p=75735"},"modified":"2026-08-09T08:35:54","modified_gmt":"2026-08-09T12:35:54","slug":"all-out-financial-nuclear-war-japan-set-to-become-the-lehman-brothers-of-2026","status":"publish","type":"post","link":"https:\/\/stateofthenation.info\/?p=75735","title":{"rendered":"<h2><b>All-Out Financial Nuclear War: Japan set to become the &#8220;Lehman Brothers&#8221; of 2026<\/b><\/h2>"},"content":{"rendered":"<p><!--more--><\/p>\n<p><script>!function(r,u,m,b,l,e){r._Rumble=b,r[b]||(r[b]=function(){(r[b]._=r[b]._||[]).push(arguments);if(r[b]._.length==1){l=u.createElement(m),e=u.getElementsByTagName(m)[0],l.async=1,l.src=\"https:\/\/rumble.com\/embedJS\/u4\"+(arguments[1].video?'.'+arguments[1].video:'')+\"\/?url=\"+encodeURIComponent(location.href)+\"&args=\"+encodeURIComponent(JSON.stringify([].slice.apply(arguments))),e.parentNode.insertBefore(l,e)}})}(window, document, \"script\", \"Rumble\");<\/script><\/p>\n<div id=\"rumble_v7bqfee\"><\/div>\n<p><script>\nRumble(\"play\", {\"video\":\"v7bqfee\",\"div\":\"rumble_v7bqfee\"});<\/script><\/p>\n<p>By Greg Hunter\u2019s <a href=\"https:\/\/usawatchdog.com\/\">USAWatchdog.com<\/a>(Saturday Night Post)<\/p>\n<p>Eight-time, best-selling financial author Jim Rickards is warning of a financial calamity already underway that Treasury <a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/scott-bessent-s-yen-trade-has-unintended-consequences-for-the-markets\/ar-AA29uor7?ocid=BingNewsSerp\">Secretary Scott Bessent is trying to contain.\u00a0<\/a> It is the Japanese yen carry trade where the US Treasury is propping up the yen\u2019s value.\u00a0 Is the yen carry trade coming to a halt and can it blow up things?\u00a0 Rickards says, \u201cThe answer is yes and yes. . .. Somebody wrote me and asked if the yen carry trade is a big deal?\u00a0 I wrote them back and said there is nothing bigger.\u00a0 This is actually the biggest story in the world.\u201d<span id=\"more-32601\"><\/span><\/p>\n<p>In simple terms, the problem is people have been borrowing at 0% in yen to do deals around the world.\u00a0 Everything was fine until interest rates in Japan started going up after more than two decades.\u00a0 Rickards says, \u201cThis is the engine of global economic growth.\u00a0 It has been powering the US economy and the global economy for over 30 years.\u00a0 What could go wrong?\u00a0 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.\u00a0 It\u2019s not going to the moon, but 3% for yen (and Japanese) interest rates is like going to the moon when it\u2019s been 0% for 20 years.\u00a0 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.\u00a0 What if you can\u2019t borrow?\u00a0 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?\u00a0 You have to sell assets.\u00a0 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.\u00a0 They are both bad for the markets.\u00a0 It you have to sell assets, guess what?\u00a0 The price goes down, and other people have to sell assets.\u00a0 The next thing you know it\u2019s a stampede, and everyone is running for the exit.\u00a0 This is not a few investment banks on Wall Street or a few hedge funds.\u00a0 This is the whole world getting out of the leveraged exchange rate engine that has been running the world for 30 years.\u00a0 That is the financial equivalent of all out nuclear war.\u201d<\/p>\n<p>Rickards goes on to explain, \u201cJapan is the number one holder of US Treasuries.\u00a0 They have been selling Treasuries to get dollars to buy yen to prop up the yen.\u00a0 What happens when you sell Treasuries?\u00a0 US interest rates go up.\u00a0 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.\u00a0 We will give you all the dollars you need with a swap line with the Federal Reserve.\u00a0 So, what we are doing is the US is using dollars from the Fed to prop up the yen.\u00a0 So, the Japanese do not have to raise interest rates.\u00a0 So, the carry trade does not unwind.\u00a0 So, the markets don\u2019t collapse. . .. \u00a0It is extremely dangerous . . .. You are trying to defend an exchange rate that probably can\u2019t be defended, and it is just a matter of time before it breaks.\u201d<\/p>\n<p>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 <a href=\"https:\/\/www.jamesrickardsproject.com\/\">\u201cThe New Case for Gold.\u201d\u00a0<\/a> Back then, gold was a little more than $1,300 per ounce.\u00a0 With the price down to around $4,300 per ounce today, that looks like it was very good investment advice.\u00a0 We are nowhere near the high for gold, and Rickards predicts, \u201cI think it\u2019s going to the moon.\u00a0 When I say the moon, I mean $10,000 per ounce.\u00a0 We have had our correction. . .. We are now heading back up again, and it\u2019s going to happen very quickly.\u201d<\/p>\n<p>On the midterms in November and Trump stopping the voter fraud by Democrats, Rickards says, \u201cThings are going to get rough.\u00a0 It\u2019s already in the works.\u00a0 You can see it coming.\u00a0 Look at \u201cAct Blue.\u201d\u00a0 Turns out it was a total fraud.\u00a0 They were taking foreign money, which is illegal.\u00a0 They were raising billions of dollars, but they were doing it completely illegally.\u00a0 They are under investigation, and their board has resigned and ran for the hills. . ..\u00a0 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.\u00a0 They are not going to wait until after the election to stop fraud.\u201d<\/p>\n<p>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.)<\/p>\n<p>There is much more in the 65-minute interview.<\/p>\n<p>To get the <a href=\"https:\/\/apps.apple.com\/us\/app\/callfort\/id6752949954\"><strong>CallFort<\/strong> app Rickards was talking about, click here.<\/a><\/p>\n<p>There is an <a href=\"https:\/\/rumble.com\/v4bgnck-survive-with-lifesaving-power-greg-hunter.html\">8-minute video<\/a> to explain how easy it is to ride out any terror attack or extreme storm. \u00a0You can get more information on Sat phones and backup battery power at <a href=\"https:\/\/sat123.com\/\">Sat123.com.<\/a> You can get all the information on Starlink at <a href=\"https:\/\/starlink123.com\/\">Starlink123.com.\u00a0<\/a> You can get all the new Faraday bags and clothing at <a href=\"https:\/\/darkbags.com\/w\/\">DarkBags.com.\u00a0<\/a> You can also call <strong>855-980-5830<\/strong> and talk to a real human. Same goes for <a href=\"https:\/\/escapezone.com\/\">EscapeZone.com<\/a> where you can get <a href=\"https:\/\/escapezone.com\/collections\/all\">Faraday bags big and small, and the newest Faraday clothing.\u00a0<\/a> You can also talk to a real human at EscapeZone.com by calling <strong>702-825-0005.<\/strong><\/p>\n<p><strong>\u00a0<\/strong>Join Greg Hunter of <a href=\"https:\/\/usawatchdog.com\/\">USAWatchdog<\/a> as he goes one-on-one with <a href=\"https:\/\/www.jamesrickardsproject.com\/\">Jim Rickards,<\/a> 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.<\/p>\n<p>____<br \/>\n<a href=\"https:\/\/usawatchdog.com\/yen-carry-trade-blow-up-financial-equivalent-of-all-out-nuclear-war-jim-rickards\/\">https:\/\/usawatchdog.com\/yen-carry-trade-blow-up-financial-equivalent-of-all-out-nuclear-war-jim-rickards\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-75735","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/posts\/75735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75735"}],"version-history":[{"count":2,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/posts\/75735\/revisions"}],"predecessor-version":[{"id":75737,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/posts\/75735\/revisions\/75737"}],"wp:attachment":[{"href":"https:\/\/stateofthenation.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}