Interview 1999 - Gold Rush as Dollar Crashes (NWNW #617)
The Corbett Report - Feature Interviews
The Corbett Report
4.8 • 653 Ratings
🗓️ 30 January 2026
⏱️ 24 minutes
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| 0:00.0 | Welcome back to New World next week. I'm James Corbett of Corbett Report.com. |
| 0:16.6 | And I'm James Evan Pallado, Mediamonarchy.com. We're working with our data center partners to stabilize our service. |
| 0:21.9 | We're sorry for this disruption and hope to resolve it soon. We have got that press release story, plus the gold and silver rush. |
| 0:29.9 | But first, unusual Fed rate check triggered free fall in the U.S. dollar. Investors fleeing into gold. |
| 0:37.2 | Now I see what you mean about the thing teasing |
| 0:39.1 | the first story we're talking about, James. Grabbing this from Fortune, the U.S. dollar has been in |
| 0:43.8 | relative free fall since late Friday. After it emerged, the New York Federal Reserve had conducted |
| 0:49.6 | a rare rate check with currency traders on the dollar Japanese yen exchange rate. Fortune understands that the |
| 0:57.8 | check was conducted per request from the U.S. Treasury. The purpose of the move implies that the |
| 1:02.9 | U.S. government may be considering coordinated action with the Bank of Japan to support the latter's |
| 1:09.1 | currency. |
| 1:16.2 | As a result, traders began selling the dollar, which is now down more than 2.26 over the past five days against a standard basket of international currencies on an unusually steep decline |
| 1:21.6 | given the gargantuan scale of the U.S. dollar in the global economy. |
| 1:27.1 | Even as they were writing in fortune over the last day alone, it lost 0.46%. |
| 1:32.0 | The yen was up more than 3% against the dollar over the same time period, |
| 1:36.4 | and then the Niki-225 stock fell 1.79%. |
| 1:42.0 | That is a sign that traders feared equities exposed to Japan's export trade would be hurt |
| 1:48.2 | by a rising yen. The price of gold, by the way, surged to a new record over 5,000 per Troy |
| 1:56.0 | ounce. I think it maybe broke its record again today as I come to you January 28th. |
| 2:01.2 | That has added to the anti-dollar narrative on Wall Street. |
| 2:05.6 | The dollar, as we have talked about for 17 years on New World next week, used to be a safe haven |
| 2:10.6 | asset, but as the U.S. becomes more politically volatile, investors are going elsewhere. |
... |
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