
The US government quietly bailed out Japan. The Treasury intervened in the foreign exchange market to try to stabilize the yen, the Japanese currency. Ben Norton explains how this reflects a larger, structural problem with the dollar system. Japan is the largest holder of US Treasury securities (US government debt), and Washington doesn't want other countries to sell its bonds, fearing that yields could rise and cause a debt crisis.
VIDEO: https://www.youtube.com/watch?v=ngGQrWxNdV4
Topics
0:00 USA bails out Japan
1:04 Japanese yen falls against USD
1:29 USA will "do whatever it takes"
2:21 Japan's holdings of US Treasuries
3:03 China de-dollarizes
3:31 US empire and Japan
4:26 Japan's role in dollar system
5:32 Carry trade
7:24 Wall Street benefits
8:24 Real reason for US intervention
9:39 US fears sales of its bonds
10:37 US bond yields rise
11:38 US government debt
12:14 Inflation in US
12:56 Foreign demand for US bonds
14:35 Seizure of Russian assets
16:06 Central banks buy gold
16:55 US bond market problems
17:58 US Treasury sells euro
19:37 Crisis in dollar system
22:07 Dollar dominance in decline
24:30 Why the yen is falling so much
24:51 Energy crisis and Iran War
26:57 Inflation in Japan
27:47 Interest rates in Japan
29:25 US govt backs carry trade
30:36 Economic stagnation in Japan
31:03 Enormous debt to GDP in Japan
33:10 US debt problems
33:44 Slow-motion financial crisis
34:46 Outro
Aug 14
35 min

Donald Trump administration insiders have been widely accused of corruption, insider trading, and market manipulation related to the US war on Iran. Ben Norton analyzes the evidence, showing why this may explain Washington's contradictory policies and flip-flopping between bombings and peace talks.
VIDEO: https://www.youtube.com/watch?v=NUkg472Ia1Q
Topics
0:00 Trump TACOs on Iran War
1:40 USA has no clear strategy
2:49 Market manipulation
4:30 Oil market volatility
5:50 Options trading
6:49 Iran alleges US corruption
8:31 Steve Witkoff & Jared Kushner
9:56 Insider trading accusations
10:57 Shady trades on Wall Street
11:28 Corruption in US Congress
12:43 Trump sells early access
14:12 Big Oil sees record profits
14:42 USA is losing the war
15:22 Rich oligarchs are winning
17:27 Outro
Aug 10
17 min

The US government has no plan for the war that Donald Trump launched against Iran. The Pentagon is desperately asking analysts for ideas. Tehran won, but Washington refuses to admit it. Ben Norton explains what exactly is happening, and why the United States lost so badly.
VIDEO: https://www.youtube.com/watch?v=25J1gdTCx_o
Topics
0:00 Trump has no plan for Iran war
1:37 USA lost and Iran won
2:59 Trump threatens Iran
3:53 USA bombed schools
5:15 Trump's empty rhetoric
7:54 US allies in Persian Gulf
10:28 Yemen and Saudi Arabia
12:01 US military runs out of missiles
14:37 Iran destroys US bases
15:38 Iran expels US troops
18:20 Iran has the leverage
19:05 Trump always chickens out (TACO)
20:32 Iran strengthened, USA weakened
22:34 Outro
Aug 5
22 min

The US war on Iran keeps expanding into a regional conflict, as more countries get involved. Reports show that Donald Trump is getting desperate, and he is frantically seeking an off-ramp. Washington announced a "pause" to the fighting, but it lasted just four days.
Ben Norton explains the three main reasons why the United States is desperately seeking an exit: one, the Pentagon is running out of missile interceptors; two, the number of casualties among American troops is steadily increasing; and three, Yemen joined the conflict, attacking Saudi oil infrastructure, exacerbating the energy crisis.
VIDEO: https://www.youtube.com/watch?v=HPBI8ukcA_4
Topics
0:00 Iran war expands
2:41 More countries join conflict
3:58 Trump is 'exasperated'
5:49 US 'pause' failed
6:19 Three main reasons
7:53 US violates agreements
9:53 USA lost & Iran won
10:40 US military running low on missiles
12:36 Gulf monarchies
13:38 Patriot interceptors
16:07 Pentagon orders old missiles
17:54 Preparing for war on China
18:47 China vs USA: industrial capacity
21:02 Pentagon hides US casualties
24:26 Yemen joins war
26:21 Blockade of Red Sea
27:45 Houthi attacks on Saudi oil
29:20 Energy crisis
30:14 Oil reserves running low
30:44 Iran has won
32:14 Outro
Jul 31
32 min

The US war against Iran is expanding into a larger regional conflict. After Trump sabotaged a diplomatic agreement, Tehran closed the Strait of Hormuz. Now Yemen's Ansar Allah (known commonly as the Houthis) has declared a naval blockade of Saudi Arabia, shutting down oil exports in the Red Sea. Ben Norton explains how this escalation could cause a severe crisis in the global energy market.
VIDEO: https://www.youtube.com/watch?v=mzJNwRPOnFs
Topics
0:00 Trump restarts Iran war
1:26 Yemen joins the war
2:45 Red Sea blockade
3:28 Oil transit chokepoints
5:05 Saudi East-West Pipeline
5:55 China cuts oil imports
6:27 Saudi oil exports
6:59 Oil price skyrockets
7:55 Gasoline prices rise
9:17 Potential for oil crisis
10:31 Reserves running low
11:21 Yemen explainer
13:07 Ansar Allah (Houthis)
22:05 Axis of Resistance
23:58 Iran grows stronger
27:17 Outro
Jul 25
27 min

US global dominance is rapidly declining, as China rises. So Washington wants to forcibly impose its hegemony in Latin America, invoking the colonial Monroe Doctrine. However, people are fighting back. Nicaragua's Sandinista government is resisting US imperialism and continuing its revolution. Ben Norton reports.
VIDEO: https://www.youtube.com/watch?v=xIXMyFvMeMc
Jul 21
27 min

Donald Trump violated the diplomatic agreement and restarted the war, bombing Iran and re-imposing a naval blockade of the Strait of Hormuz. Ben Norton explains why the US government will fail, because it has no plan and lacks leverage, whereas Tehran and its decentralized military have escalation dominance.
VIDEO: https://www.youtube.com/watch?v=HFHvtxgR5A8
Topics
0:00 Trump restarts war on Iran
0:36 USA violates agreements
1:49 USA won't accept defeat
3:07 Strait of Hormuz
5:37 Iran hits US allies in Gulf
7:20 Iran's decentralized military
8:43 Drones
10:25 Iran already won the war
10:56 Trump has no plan
13:13 Strait of Hormuz fees
13:51 (CLIP) Marco Rubio on fees
14:05 US fees vs Iran fees
14:52 Insanity of ground invasion
17:34 Scheme to seize Kharg Island
18:48 Oil and gasoline price
21:42 Strategic Petroleum Reserve
23:36 Global oil reserves running low
24:59 Danger of empire in decline
27:42 Outro
Jul 17
28 min

Many Western economists and media outlets claim that Americans are wealthier than Europeans, but this is not true; it's based on a misunderstanding of the difference between average wealth and median wealth. Ben Norton explains how the extreme inequality in the US make its average wealth misleadingly look high, and why GDP per capita is not a good measurement. He debunks the myth of "Europoors", which is often spread by Donald Trump supporters.
VIDEO: https://www.youtube.com/watch?v=kzFUd8uj7pA
Topics
0:00 The myth that Americans are wealthy
1:15 Average wealth vs median wealth
3:50 Data on US median wealth
6:42 Wealth inequality (Gini coefficient)
9:31 Poverty and homelessness
10:19 USA vs Europe
12:02 Wealth concentration of US elites
13:28 Distribution of growth in income
15:01 GDP per capita is misleading
21:18 US GDP by sector
23:13 Imputed rent and GDP
25:05 Life expectancy, mortality, etc.
27:10 US healthcare system
28:40 US health system vs OECD
32:58 Ridiculous "Europoor" myth
33:32 Trump cuts taxes on rich
34:27 Trump family corruption
36:20 Insider trading
36:56 Myth of American dream
38:18 Outro
Jul 11
38 min

What is the US strategy in its war against Iran? Is the Trump administration seriously committed to negotiations to make a deal? JD Vance accidentally exposed the USA's plan, to use the talks to buy time to refill oil reserves and stabilize the economy. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=7_BojBCeM6o
Topics
0:00 US negotiations with Iran
0:56 Trump considers restarting war
1:46 Strait of Hormuz
3:37 Israel and Lebanon
5:02 JD Vance exposes US strategy
6:27 (CLIP) JD Vance on Iran
7:31 Oil market
8:22 Strategic Petroleum Reserve (SPR)
10:24 (CLIP) Trump on oil reserves
10:52 US strategy
11:56 Iran's strategy
13:12 USA violates agreements
14:18 Iran's economic nuclear weapon
15:24 Oil price
16:14 Parallels to Ukraine war
21:41 New Iranian government
25:55 USA lost. The war backfired
28:00 Outro
Jul 6
28 min

The US-based right-wing Chinese billionaire Miles Guo (Guo Wengui), who worked closely with Donald Trump advisor Steve Bannon, was sentenced to 30 years in prison for committing $1 billion of fraud. Ben Norton explains how Western governments and media outlets support "dissidents" from countries they don't like, who are often corrupt grifters and con artists; and how fake "experts" make money by spreading absurd disinformation about China, Iran, Cuba, Venezuela, North Korea, etc.
VIDEO: https://www.youtube.com/watch?v=HSVBsyDz1ks
Topics
0:00 Billionaire fraudster Miles Guo
1:03 Links to Trump, Steven Bannon
4:34 US DOJ prosecution
6:31 China's charges
8:06 US media whitewashing
12:25 Corrupt West-backed "dissidents"
15:23 US support for dictators
17:12 Pro-West Chinese "dissidents"
19:40 Soviet "dissidents"
21:07 North Korean defector Yeonmi Park
24:18 Yeonmi Park becomes a meme
25:36 (CLIP) Yeonmi Park on Joe Rogan
26:12 Absurd propaganda
26:53 Park jumps on the Trump train
27:47 Western media has no standards
28:56 Fake China "expert" Gordon G Chang
34:00 Ai Weiwei change of heart
39:16 Western imperialist hypocrisy
41:17 Outro
Jul 2
41 min
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