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TFTC: A Bitcoin Podcast

#707 The Yen Carry Trade Unwind Could Crash U.S. Markets with Infranomics

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8804 Ratings

🗓️ 24 January 2026

⏱️ 80 minutes

🧾️ Download transcript

Summary

Marty sits down with Robert of Infranomics to discuss the fragility of the global bond market, Japan's yield curve crisis and its ripple effects on U.S. treasuries, the end of globalization, rising political polarization, and why Bitcoin and gold are the only assets worth holding in a fiscally dominant world.

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Transcript

Click on a timestamp to play from that location

0:00.0

You've had a dynamic where money has become freer than free.

0:10.0

If you talk about a Fed just gone nuts, all the central banks going nuts.

0:16.0

So it's all acting like safe haven.

0:18.0

I believe that in a world where central bankers are tripping over themselves to devalue their

0:23.5

currency, Bitcoin wins.

0:25.3

In the world of fiat currencies, Bitcoin is the victor.

0:29.2

I mean, that's part of the bold case for Bitcoin.

0:31.9

If you're not paying attention, you probably should be.

0:36.3

Robert, welcome back to the show, sir.

0:38.3

Good to be back.

0:39.3

Good to have you back.

0:41.3

Like I was telling, I was binging your channel earlier this morning, playing some

0:46.3

catch up.

0:47.3

You put out a lot of content, so it's hard to keep up if you don't have enough time in the day.

0:52.3

But I think for this conversation, let's start in Japan.

0:56.8

Obviously, that's been a big topic of discussion this week. Japanese yield curve screaming right now.

1:03.5

And I think a couple of the videos, they put out the last week really dive into it.

1:07.9

That's where the nuance of their yield curve where a lot of the debt

1:11.3

exist in different durations and what is actually happening.

1:16.1

And I think this wasn't cited.

1:18.3

Correct me if I'm wrong from a tax policy.

1:20.6

They were going to eliminate a sales tax or something and that sent the yield curve

...

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