Last Updated on June 19, 2025
Ryan Matta and David J. Reilly ignited a growing financial crisis warning at the 2025 Bitcoin Conference on May 28, 2025, by discussing the crumbling global Ponzi scheme and the imploding Japanese bond market.
Specifically, Reilly warned,
“The bond market in Japan is imploding… People are dumping Japanese bonds specifically.”
Consequently, this discussion, captured in an interview by Matta, fuels the fear of financial instability in international markets, marking a significant growing financial crisis warning. Watch the interview. Learn more about the story.
America, this is your 1776 moment. @realDaveReilly is today’s Paul Revere, warning that the global Ponzi scheme is crumbling and the Japanese bond market is imploding. God bless you David. @TheBitcoinConf pic.twitter.com/nhMijeH84A
— RyanMatta (@RyanMattaMedia) May 28, 2025
The Yen Carry Trade and Japanese Bond Market
Reilly explained the yen carry trade, stating,
“For like the past 30, 20 years, Japan has been basically giving out cash at 0%… So you can take the yen and then use that to borrow or buy US Treasuries.”
However, he noted,
“What’s happening now is the yen is breaking down. The bond market in Japan is imploding.”
Moreover, Japanese life insurance companies are dumping Japanese Government Bonds (JGBs), causing interest rates to rise and a debt spiral to emerge. This situation impacts U.S. Treasuries, as Reilly warned,
“The Japanese are now selling off other assets like US Treasuries, which is causing a spike in the Treasury yield rate.”
The financial instability fear escalates as these events unfold. Read the Zero Hedge article.
Global Ponzi Scheme and 1929 Comparison
Reilly’s dire prediction extended beyond Japan, as he declared,
“The dollar is kind of f*cked… This has been run as a Ponzi scheme since 1972. Since we got off the gold standard, we’ve been printing money out of thin air.”
He compared the current situation to 1929, stating,
“This is going to make 2008 look like a walk in the park… more akin to 1929 than 2008.”
Matta urged,
“America, you guys need to pay attention. Get your wealth out of the dollar. Get into Bitcoin.”
Reilly’s warning demands immediate action. Matta emphasized,
“America, this is your 1776 moment. @realDaveReilly is today’s Paul Revere, warning that the global Ponzi scheme is crumbling and the Japanese bond market is imploding. God bless you David.”
