Trump's Iran Sanctions Will CRASH the Dollar!

2026-08-28 · 63 min · 9 entities

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CRASH

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Episode description as stored

Treasury Secretary Scott Bessent has announced the Trump administration's new "Operation Economic Outcast," calling it an "economic D-Day" that will impose sweeping sanctions on nearly 60 Iranian entities, individuals, and vessels, while threatening secondary sanctions against any country that continues doing business with Iran. The move comes after six months of inconclusive military conflict, with critics arguing the escalation exposes U.S. desperation and risks accelerating the de-dollarization trend as China, India, and other trading partners face exclusion from the dollar system. Jimmy points out that Iran has responded by threatening to halt all oil exports not just through the Strait of Hormuz, but from the entire Persian Gulf, warning that nations cooperating with the U.S. blockade would be treated as enemies. The sanctions campaign has already rattled U.S. markets, with the 30-year Treasury yield hitting a two-decade high and stocks suffering their worst losses in three weeks, as analysts warn the move may backfire by accelerating global de-dollarization. Plus segments on Andrew Wilson's fake Charlie Kirk texts, Dolly Parton's "turbo" cancer, Trump's new South America First policy and the growing signs of Trump's declining mental state. Also featuring Larry Johnson, Jeffrey Sachs and Stef Zamorano!