Topic: Bond Rating

A caller named CJ challenges Jones on the importance of the stock market, arguing that the bond and currency markets are significantly larger and more critical to the economy. CJ criticizes the promotion of gold and silver by Kirk Elliott, claiming the fees are too high. Jones defends the performance of precious metals, stating they have been the top-performing assets for the last two years.

The collapse of the "yen carry trade" in Japan is identified as a major warning for the global financial system. As Japan raises interest rates to combat inflation, the primary capital injector for global equity growth is disappearing. This shift is causing a collapse in the U.S. bond market and a flight to quality in precious metals like gold and silver.

The financial collapse is reportedly accelerating as the M2 money supply turns negative for the first time since 1930. Edward Dowd predicts a major economic degradation by the fall of 2023, potentially worse than the 2008 crisis. He characterizes Federal Reserve Chairman Jerome Powell's interest rate hikes as a "knowing demolition" of the banking system, intended to consolidate power into a few large institutions.

A caller named Kathy begins a story about how globalists took control of McGraw-Hill after Standard & Poor's devalued the U.S. bond rating in 2011. Alex Jones interrupts to promote Banned.Video as a platform for independent journalists, noting the high costs of bandwidth. He appeals for support through the InfoWars Store to maintain the site's operations.

The Federal Reserve is in a "terrible spot," unable to raise interest rates enough to combat 20% inflation without collapsing the bond market. Dr. Jim Willie warns of an upcoming "treasury bond earthquake" and points to the widening spread between treasury and junk bond yields as a major alarm signal. He also shares an anecdote about Bank of America allegedly failing to credit a $38,000 deposit, suggesting systemic instability.