Topic: Norinchukin Bank

Dr. Kirk Elliott discusses the Norinchukin Bank in Japan dumping $63 billion in U.S. and European Treasuries due to massive unrealized losses. This move is seen as part of a broader global shift toward the BRICS nations and away from the U.S. dollar's reserve status. The end of the petrodollar agreement with Saudi Arabia and Russia's refusal to trade in dollars are cited as critical turning points in the global financial system.

Dowd points to the Japanese private bank Norinchukin raising $7.5 billion in equity as a sign of systemic instability. He notes that billionaires are currently building redoubts and bunkers in anticipation of a "polycrisis." The host and Dowd discuss how the elite plan to use a financial collapse to implement a cashless society and digital IDs.

Celente warns that at least 30 banks are currently ready to default, citing the work of Pam Martens at Wall Street on Parade. He notes that retail sales are flat while gas prices are rising, which will eventually crash the equity markets. He predicts oil will spike above $130 a barrel if the conflict between Iran and Israel expands.