# 2025 In Review: China Takes Control of America Page: https://stenobird.com/podcast/the-jay-martin-show-4131212/2025-in-review-china-takes-control-of-america Text version: https://stenobird.com/podcast/the-jay-martin-show-4131212/2025-in-review-china-takes-control-of-america.md Podcast: [The Jay Martin Show](https://stenobird.com/podcast/the-jay-martin-show-4131212) Published: 2025-12-27T16:00:00+00:00 Episode link: https://traffic.megaphone.fm/AMC6381822469.mp3 Audio file: https://traffic.megaphone.fm/AMC6381822469.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/the-jay-martin-show-4131212/episodes/2025-in-review-china-takes-control-of-america Duration seconds: 2353 ## Resource Economist Steve Hanke returns to The Jay Martin Show to break down the most notable financial headlines of 2025. From Japan’s shocking rate hikes to Trump’s interventionist second term and America’s new industrial policy. They cut through the noise to explain which policy shifts actually matter for investors heading into 2026. Join us LIVE at the Vancouver Resource Investment Conference on January 25 & 26. Tickets: https://VRICMedia.com Learn to invest alongside the top minds in commodities. Join The Commodity University today. CLICK: https://linkly.link/26yH8 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 00:00 – Why Japan Is Raising Rates While the World Cuts 03:30 – The Yen Carry Trade and Risks to U.S. Markets 08:10 – Are Demographics Really Japan’s Core Problem? 10:40 – 2025’s Biggest Political Shifts: Trump, Trudeau, Carney 15:25 – Tariffs, Liberation Day, and Market Reactions 18:25 – Do Trade Deficits Actually Matter? 23:35 – Dollar Confidence, Gold, and De-Dollarization Claims 27:25 – Who’s Really Buying U.S. Treasuries? 31:20 – Money Supply, Inflation, and the Fed’s Policy Pivot 35:10 – Industrial Policy, National Security, and Government Equity Stakes Copyright © 2025 Cambridge House International Inc. All rights reserved. ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-jay-martin-show-4131212/episodes/2025-in-review-china-takes-control-of-america/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/the-jay-martin-show-4131212/2025-in-review-china-takes-control-of-america.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.