The Jay Martin Show

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 ever recorded in the United States. The equation was a claim: whoever controls the price of oil controls the price of money in America, from a family's mortgage to the interest on $40 trillion of government debt. Washington has an answer, and it is not cheaper oil. Both sides want crude expensive, for opposite reasons. Only one of them needs it to last. The Fed's next decision is October 28. Get your tickets for the Vancouver Resource Investment Conference, January 24–25, 2027: https://vricmedia.com Learn to invest alongside the top minds in commodities. Join The Commodity University today. CLICK: https://join.thecommodityuniversity.com/ Sign up for my free weekly newsletter at https://2ly.link/211gx Be part of our online investment community: https://vricmedia.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international Citations: https://rentry.co/jms-iran-bond-market-sources 0:00 The Equation Iran Posted 1:23 The Formula He Was Mocking 3:26 Whoever Controls Oil Controls the Fed 4:53 Step 1: Oil Becomes Diesel 7:35 Step 2: Diesel Becomes a Rate Hike 8:19 Step 3: The Hike Lands on Families 9:27 Step 4: The Hike Hits the Government 10:37 Ferguson's Law 11:21 The Spiral 12:40 America's Answer 13:41 Who Fills the Gap 17:16 Who Fired the Shots 18:40 Where the Two Wars Collide 21:16 Two Clocks 21:40 Watch October 28 Copyright © 2026 Cambridge House International Inc. All rights reserved.

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 political. Governments do not describe a technical upgrade as "not political" unless somebody has asked the question. Roughly 215 tonnes left American custody this year, and only 27 of them ever went anywhere. The rest changed hands without a single vault door opening. That detail is the whole story, and it explains why no finance minister on earth will say the real reason out loud. Learn to invest alongside the top minds in commodities. Join The Commodity University today. CLICK: https://join.thecommodityuniversity.com/ Sign up for my free weekly newsletter at https://2ly.link/211gx Be part of our online investment community: https://vricmedia.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international Citations: https://rentry.co/jms-gold-leaving-america-sources 0:00 Two Allies Take Their Gold Home 2:04 What a Country's Reserves Actually Are 3:40 A Treasury Is an IOU 5:28 The Promise Nixon Broke 7:44 Gold Overtakes Treasuries 9:57 Owning It and Having It 10:35 Why the Gold Is in New York 12:29 The Day Russia's Money Was Switched Off 14:23 What France and the Netherlands Really Did 16:08 Germany Ran the Test 17:27 2013 Versus Today 20:04 Why Nobody Says It Out Loud 21:43 Read the Movements, Not the Statements 22:28 The Snapshot Mistake 24:13 The Honest Limit: London 25:01 It Changes on the Margin Copyright © 2026 Cambridge House International Inc. All rights reserved.

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, and why the first requests for support could signal a much larger financial problem ahead. Citations: https://rentry.co/yniobw9d Learn to invest alongside the top minds in commodities. Join The Commodity University today. CLICK: https://linkly.link/26yH8 Sign up for my free weekly newsletter at https://2ly.link/211gx Be part of our online investment community: https://cambridgehouse.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international 0:00 The UAE’s warning to Washington 0:33 The hidden war in the Treasury market 1:55 Why energy shocks can trigger Treasury selling 3:17 How falling bond prices push interest rates higher 5:29 The debt spiral facing the United States 7:07 Why the UAE asked for a financial lifeline 8:50 How currency swap lines work 10:15 Why swap lines could expand dramatically 12:00 Why Kuwait may be next 12:48 Is a swap line really a bailout? 14:06 The real risk to the U.S. Treasury market Copyright © 2026 Cambridge House International Inc. All rights reserved.

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 straight into sovereign debt markets. The result is a feedback loop that puts the U.S. in a position with no clean exit. Learn to invest alongside the top minds in commodities. Join The Commodity University today. CLICK: https://linkly.link/26yH8 Sign up for my free weekly newsletter at https://2ly.link/211gx Be part of our online investment community: https://cambridgehouse.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international 00:00 – The Two Wars: Military vs Financial 02:13 – The Hidden War in Bond Markets 05:50 – How U.S. Debt Actually Works 07:15 – Why Countries Are Selling Treasuries 09:58 – Rising Yields & System Pressure 11:23 – The Debt Spiral 13:46 – Energy Shock → Global Recession Risk 15:55 – The Petro-Yuan Threat 17:04 – What Would Actually Stabilize This Copyright © 2025 Cambridge House International Inc. All rights reserved.