Financial War Behind the Iran War: Why Gold is Crashing and the Dollar is Winning | Silk and Steel

Financial War Behind the Iran War: Why Gold is Crashing and the Dollar is Winning | Silk and Steel

Author: UK Column March 26, 2026 Duration: 48:50

Financial War Behind the Iran War: Why Gold is Crashing and the Dollar is Winning | Silk and Steel


► Subscribe to the UK Column YouTube channel ► https://bit.ly/ukcolumnofficial


In this fascinating episode of The Silk and Steel Podcast, host Carl Zha is joined by Ting Xin (co-host of Escape from Plan A) to dissect one of the most puzzling economic puzzles of the Iran war:

Why is gold crashing while oil is surging?

Conventional wisdom says that in times of geopolitical crisis, both gold and oil should rise together as safe haven assets. But that's not what's happening. Gold has dropped over 10% while oil flirts with $100/barrel. The dollar is strangely strong. Treasury yields are spiking.

What's going on?

Ting Xin's thesis (with charts!):

* The US Treasury, under Scott Bessent, is manipulating the gold market to punish countries that hold gold reserves instead of dollars

* This is a petrodollar offensive – keep the dollar pegged to oil by crushing gold's value

* Iran is now demanding payment in Chinese yuan for oil transiting the Strait of Hormuz

* China is fighting back by dumping US treasuries and buying up the gold the US is selling

* This is a full-scale financial war being fought alongside the hot war in West Asia

We break down:

* Why the "margin call" and "inflation print" explanations for gold's crash don't hold water

* How the US can manipulate gold prices through gold swaps with bullion banks (without breaking the law)

* The 1997-98 Hong Kong dollar crisis: Scott Bessent's first defeat by the PBOC

* Why the bond market is violently rejecting this war (treasury yields spiking)

* The psychological shift in America: Why the right wing is turning on Trump over this war

* Why Americans see this as Israel's war – and why that matters

* The fundamental truth: No one needs US dollars anymore except to buy oil

Plus: The late Soviet Union parallels, the "gay eunuch" model of US governance, and why gold will eventually win.


► Join UK Column Live every Monday, Wednesday and Friday at 1pm UK time or watch previous live recordings here: https://bit.ly/UKColumn_Live


► [UK Column Website] Explore all our written and video content on the official UK Column website: https://www.ukcolumn.org/


► [Support UK Column] Please donate to support our independent journalism & investigative journalism: https://support.ukcolumn.org/


► [UK Column YouTube] Please subscribe to the UK Column News YouTube channel for more alternative news and independent news: https://bit.ly/ukcolumnofficial


Follow #UKColumn on:

► X: https://x.com/ukcolumn

► Telegram: https://t.me/ukcolumn

► Facebook: https://www.facebook.com/UKColumnExtracts

► Instagram: https://www.instagram.com/uk_column_news


Tune in to UK Column News, a daily podcast from the independent news organisation of the same name. This isn't a recap of headlines from the mainstream wire services. Instead, the team at UK Column digs into the stories and narratives shaping public perception, focusing on what they term the 'information war.' Each episode provides analysis you're unlikely to find elsewhere, examining the interplay between government policy, media reporting, and institutional influence. Because they operate without any corporate backing, advertising, or funding from political groups, their perspective is uniquely supported by their audience through memberships and donations. This independence is the core of the podcast, allowing for straightforward commentary free from external pressures. Listeners will hear detailed discussions on current events in the UK and beyond, often connecting dots between seemingly separate issues to present a broader picture of governance and societal change. The tone is analytical and deliberate, prioritising depth over soundbites. For those seeking an alternative to conventional news cycles and curious about the mechanics behind the stories that dominate the day, this podcast offers a consistent and critical voice. It’s for anyone who questions the prevailing narrative and wants news analysis that answers to its listeners, not to sponsors or shareholders.
Author: Language: English Episodes: 100

UK Column News
Podcast Episodes
A solution is to grow food at prisons and schools | Jerm Warfare [not-audio_url] [/not-audio_url]

Duration: 59:37
A solution is to grow food at prisons and schools | Jerm Warfare ► Subscribe to the UK Column YouTube channel ► https://bit.ly/ukcolumnofficialJim Gale and Jerm talk about creating strong local communities by growing foo…
UK Column News — 11th March 2026 [not-audio_url] [/not-audio_url]

Duration: 1:02:49
UK Column News — 11th March 2026► Subscribe to the UK Column YouTube channel ► https://bit.ly/ukcolumnofficialMike Robinson, Charles Malet and Vanessa Beeley with today's UK Column News. ► Join UK Column Live every Monda…
Farmer Angus on why foot-and-mouth disease is a scam | Jerm Warfare [not-audio_url] [/not-audio_url]

Duration: 30:45
Farmer Angus on why foot-and-mouth disease is a scam | Jerm Warfare ► Subscribe to the UK Column YouTube channel ► https://bit.ly/ukcolumnofficialFarmer Angus is a South African regenerative farmer who runs a 650-hectare…
Military Matters: Episode Four | Military Matters [not-audio_url] [/not-audio_url]

Duration: 1:07:05
Military Matters: Episode Four | Military Matters► Subscribe to the UK Column YouTube channel ► https://bit.ly/ukcolumnofficialBoth Brian Gerrish and Charles Malet are UK Column presenters with extensive military backgro…
UK Column News - 9th March 2026 [not-audio_url] [/not-audio_url]

Duration: 1:07:33
UK Column News - 9th March 2026► Subscribe to the UK Column YouTube channel ► https://bit.ly/ukcolumnofficialBrian Gerrish and Ben Rubin with today's UK Column News. ► Join UK Column Live every Monday, Wednesday and Frid…
The broader implications of the attack on Iran | Jerm Warfare [not-audio_url] [/not-audio_url]

Duration: 1:01:12
The broader implications of the attack on Iran | Jerm Warfare ► Subscribe to the UK Column YouTube channel ► https://bit.ly/ukcolumnofficialThis episode with Jerm, Mike and Charles critically examines the recent US attac…
UK Column News - 6th March 2026 [not-audio_url] [/not-audio_url]

Duration: 1:04:24
UK Column News - 6th March 2026► Subscribe to the UK Column YouTube channel ► https://bit.ly/ukcolumnofficialMike Robinson, Patrick Henningsen and Basil Valentine with today's UK Column News. ► Join UK Column Live every…
The Cult Of The Chosen Ones, part 2 | Jerm Warfare [not-audio_url] [/not-audio_url]

Duration: 1:02:35
The Cult Of The Chosen Ones, part 2 | Jerm Warfare ► Subscribe to the UK Column YouTube channel ► https://bit.ly/ukcolumnofficialMakia Freeman, an Australian-born investigative journalist, joined Jerm to discuss his 2025…
Weather Events Demystified | UK Column Interviews [not-audio_url] [/not-audio_url]

Duration: 1:17:13
Weather Events Demystified | UK Column Interviews► Subscribe to the UK Column YouTube channel ► https://bit.ly/ukcolumnofficialMark Anderson interviews US author Orlean Koehle, longtime president of the libertarian websi…