Ty (Sagar Kataria) - Host (likely Sagar) - IDENTIFIED AS HOST
speaker
16 appearances
1 recordings
1 series
first heard Aug 2026
last heard 5 Aug
Ty (Sagar Kataria) - Host (likely Sagar) - IDENTIFIED AS HOST’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Aug 2026 with 1.
Appearances
Hey guys, Sagar and Crystal here.
This is the only place where you can find honest perspectives from the left and the right that simply does not exist anywhere else.
We need your help to build the future of independent news media, and we hope to see you at BreakingPoints.com.
Now, the yen carry trade meant if you were a hedge fund or a bank or an investor, you could borrow yen at 0% interest, convert it to dollars, and you could buy basically anything in the world that paid you more than zero, meaning you could buy U.S.
treasuries paying 4%, 5%, you could buy tech stocks, Bitcoin, anything you wanted, and you made free money.
That's estimated to be worth trillions of dollars of investments all around the world, funded by borrowed Japanese money.
So Japan was like, we want to get in on this too.
So Japan took its savings overseas because for 30 years, there was nothing worth buying in Japan.
Japanese pension funds, insurers, banks, households, they all shipped their money overseas to get some of that interest.
And in the process, Japan became the world's biggest foreign holder of US government debt, holding something like over a trillion dollars of US treasuries.
Japan's pension fund, for example, the GPIF, which is the biggest pension fund in the world, holds hundreds of billions of dollars in US bonds and stocks.
So think about it like this.
When the US borrows money, when tech stocks go up, when Bitcoin goes up, there is a strong chance that somewhere in that process, it was partially funded by Japanese money.
But remember, this only works because interest rates were zero.
They are no longer zero.
Japan's interest rates are going up.
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