The Jay Martin Show

Learn to invest alongside the top minds in commodities. Join The Commodity University today. CLICK: https://2ly.link/26yH8 Dr. Thomas Kaplan, legendary investor and chairman of NovaGold, joins Jay Martin for a wide-ranging conversation on the future of global power, the collapse of empires, and the rising threat of resource nationalism. Kaplan draws from decades of experience in energy and metals to break down why gold is becoming a strategic asset again, how the U.S. is undermining its own dominance, and why his billion-dollar bet on Alaska’s Donlin project could be the gold trade of the decade. Sign up for my free weekly newsletter at https://2ly.link/211gx Be part of our online investment community: https://cambridgehouse.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international 0:00 – Intro 1:45 – What’s catching Dr. Kaplan's attention geopolitically 5:06 – What values and alliances underpin U.S. global power today? 14:17 – Can we map the decline of U.S. power across its military, alliances, and currency strength? 16:03 – Has the U.S. military lost its manufacturing edge since WWII? 21:13 – How has the U.S.'s foreign policy behavior affected its alliances? 24:22 – What’s the intent behind the U.S. trade strategy? 26:22 – Are today’s political environments suppressing honest critique? 27:00 – Has China’s Belt and Road Initiative become a rival to U.S. weapons diplomacy? 31:20 – What is the role of raw materials in today’s geopolitics? 32:49 – How do you view resource nationalism today compared to a decade ago? 44:16 – Why is Donlin such a strategic gold asset, and how was the deal done? 1:12:09 – What’s next for Donlin, and what can investors expect going forward? 1:19:40 - How Dr. Kaplan found success in the mining industry Copyright © 2025 Cambridge House International Inc. All rights reserved.

Brent Johnson, a money manager at Santiago Capital and Substack author, dives into the undercurrents affecting America's global standing. He discusses the alarming state of China’s domestic debt and how it shapes global finance. The conversation touches on potential U.S. industrial revival amid rising nationalism, the narrative of who’s actually failing, and the ramifications of U.S.-China tensions. Brent also draws historical parallels, noting lessons from empires past and what they mean for future capital flow strategies.

Economist David Rosenberg, from Rosenberg Research, shares critical insights on economic risks that often go unspoken. He critiques the latest U.S. budget bill, suggesting it may significantly hinder GDP growth. Geopolitical tensions and a shift in global trade dynamics are discussed, with Japan highlighted as an overlooked concern. Rosenberg offers a contrarian investment strategy advocating for cash, gold, and defensive stocks, preparing investors for a potentially turbulent market ahead.

Rick Rule, a legendary resource investor known for his insights into the natural resource sector, discusses the alarming potential for the U.S. dollar to depreciate by 75%. He draws parallels to the economic turmoil of the 1970s and emphasizes the importance of preparing for socio-economic shifts. The conversation covers the complexities of global trade, the impact of government policy, and how to de-risk investments. Listeners gain actionable strategies for navigating the upcoming economic turbulence and learn the value of long-term, disciplined investment thinking.

Learn to invest alongside the top minds in commodities. Join The Commodity University today. CLICK: https://2ly.link/26yH8 The U.S. government plans to borrow $86 trillion over the next decade—an unsustainable trajectory that could redefine America’s global standing. In this urgent conversation, Jay Martin sits down with Maya MacGuineas, President of the Committee for a Responsible Federal Budget, to expose the fiscal recklessness at the heart of Washington. They break down exploding interest payments, the illusion of tax cuts paying for themselves, the politics preventing real reform, and the looming crises in Social Security and Medicare. Sign up for my free weekly newsletter at https://2ly.link/211gx Be part of our online investment community: https://cambridgehouse.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international 0:00 - Intro 1:02 - Understanding the Role of the Committee for a Responsible Federal Budget 5:01 - Rising Public Awareness of the Debt Crisis 9:08 - Can Government Efficiency Solve the Problem? 19:21 - The Real Impact of Tax Cuts on Growth 23:42 - Opportunities for Defense Spending Reform 24:58 - The Reality of Cutting Medicaid 31:14 - Fixing Social Security Before Insolvency Hits 40:01 - Inflation, Austerity, or Default: What Comes First? 42:19 - Could a Productivity Boom Save Us? 45:16 - The Decline of U.S. Fiscal Dominance on the Global Stage 52:05 - Treasuries, China, and the Fragile Financial Order Copyright © 2025 Cambridge House International Inc. All rights reserved.

Professor Richard Wolff, an expert in Marxist economics, delves into the rise of China as a global economic power. He discusses the implications of the Belt and Road Initiative and how it reshapes international relations. Wolff explores China's dominance in the electric vehicle market and questions whether the U.S. is in denial about its economic decline. Additionally, he critiques the misunderstandings in Western perceptions of China's hybrid economic model and highlights the potential challenges ahead in global collaboration.

Taylor Kenney from ITM Trading explores the looming challenges facing the U.S. dollar and the economy. He discusses the fragility of the Treasury market and the rise of BRICS nations as a counterforce. Kenney emphasizes the growing distrust in traditional financial systems and the rising allure of gold as a safe haven. Additionally, he highlights the contrasting financial mindsets between the East and West, revealing how individuals can prepare for a possible financial upheaval.

Today on the Jay Martin Show, Jay is joined by Cyrus Janssen. The pair discuss the deeper implications of the ongoing U.S. trade war, the misunderstood realities behind China’s manufacturing dominance, and the global shift in alliances as America's trust deficit grows. For more content from host Jay Martin, please visit The Commodity University at: https://2ly.link/211gp Sign up for my free weekly newsletter at https://2ly.link/211gx Be part of our online investment community: https://cambridgehouse.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international 0:00 - What’s Driving Trump's Trade War? 4:17 - Is China’s Manufacturing Strength Misunderstood? 7:26 - How Work Ethic Shapes an Empire's Rise 12:06 - Is the U.S. Trade War a Miscalculation? 19:23 - Tariffs and the Erosion of Trust 25:18 - How the World is Turning Away from America 40:13 - Will Countries Choose the U.S. or China? 45:19 - Is the Belt and Road Initiative Economic Lifeline or Trap? 50:19 - China’s Growing Influence Across Africa and Beyond Copyright © 2025 Cambridge House International Inc. All rights reserved.

In this insightful discussion, Jeffrey Sachs, a world-renowned economist and advisor to global leaders, delves into the shifting landscape of global power. He challenges the conventional views on the US-China trade war, highlighting the historical cycles of empires and emphasizing that tariffs may be just a distraction. Sachs also critiques the Belt and Road Initiative, arguing it's a misunderstood driver of development. With a focus on Southeast Asia, he discusses the implications for U.S. dominance and currency dynamics in an evolving multipolar world.

Historian Stephen R. Bown, author of 'Merchant Kings,' joins to unpack the intriguing patterns of empire collapses throughout history. He discusses how trade, technology, and human behavior influence the rise and fall of powers. Bown draws parallels between past and present geopolitical dynamics, emphasizing that seemingly trivial commodities have profound effects on global markets. The conversation also touches on the vulnerabilities of modern supply chains, especially in conflicts over critical resources like cobalt, offering vital insights for today's investors.