Super Terrific Happy Hour Ep. 25 - It’s Been HOW Long?

The Grant Williams Podcast

Grant Williams

Business, Business:investing, Investing

4.8 • 1.6K Ratings

🗓️ 9 June 2025

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

After a ridiculously long hiatus, The Super Terrific Happy Hour returns as Steph and I dive back into the rapidly changing world of global finance, exploring how Japan’s decades-long experiment with low interest rates and high debt is no longer unique, as the United States and other developed economies find themselves on a similar path. We unpack Japan’s recent inflation surge, the Bank of Japan’s extraordinary bond holdings, and the risks of major capital flows if Japanese investors start bringing their money home before pivoting to the broader implications of a world where globalization may be reversing—raising questions about reshoring, capital controls, and whether governments might coerce institutions to buy more domestic debt. There’s bundles of skepticism on display as we evaluate policymakers’ ability to manage these seismic shifts and a warning of systemic risks, fragile financial systems, and the potential for a painful redistribution of wealth. Amid the uncertainty, we discuss the enduring appeal of gold, the limits of monetary policy, and the high geopolitical stakes for the dollar and the petrodollar system, offering the kind of big-picture insights and candid cynicism you’ve come to expect from the two of us. Every episode of the Grant Williams podcast, including This Week In Doom, The End Game, The Super Terrific Happy Hour, The Narrative Game, Kaos Theory, Shifts Happen and The Hundred Year Pivot, is available to Copper, Silver and Gold Tier subscribers at my website www.Grant-Williams.com. Copper Tier subscribers get access to all podcasts, while members of the Silver Tier get both the podcasts and my monthly newsletter, Things That Make You Go Hmmm… Gold Tier subscribers have access to my new series of in-depth video conversations, About Time.

Transcript

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0:00.0	Before we get going, here's the bit where I remind you that nothing we discussed should be considered as investment advice.
0:16.4	This conversation is for informational and hopefully entertainment purposes only.
0:20.2	So, while we hope you find it
0:21.8	both informative and entertaining, please do your own research or speak to a financial advisor
0:27.1	before putting a dime of your money into these crazy markets.
0:35.3	You're about to listen to a special preview edition of the Super Terrific Happy Hour featuring my co-host and Bestie Steph Pompuy.
0:43.7	It's been a while since we've done one of these, so it was about time.
0:47.0	We've managed to get our calendars aligned and have another chat through what is an increasingly, increasingly wacky world.
0:54.8	Every episode of the Grant Williams podcast, including the end game, the Super Diffing
0:58.1	Happy All the narrative game, this week in Doom, chaos theory, shifts happen, and the
1:02.4	100-year pivot is available to copper and silver tier subscribers of my website, grant-dash-williams.com.
1:08.5	Copper tier subscribers get access to all those podcasts, while members of the
1:12.6	silver tier get both the podcasts and my monthly newsletter things that make you go home. So if you
1:17.5	enjoy what you hear on this show and you want more high quality content like it, then please
1:21.2	make your way over to grant dash williams.com and join our exciting community today. And with that,
1:27.1	on with the show.
1:37.1	Welcome everybody to a long overdue episode of the super terrific happy hour.
1:42.6	Joining me, as always, and bringing all of those adjectives
1:45.2	the great stephanie pompey hello my dear how are you oh my gosh i barely recognize you anymore
1:50.0	you know what with the disguise and everything i'm trying to stay under the radar incognito
1:55.7	yes your disguised is not fully that voice is unmist. Well, I've stopped wearing my cape in public.
2:02.2	I thought I tried the cape for a little while.
	...

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