In this explosive episode of The Backlash, Rebecca Hargraves, Dave Reilly, Vincent James, and Cameron MacGregor break down what may be the beginning of the end for the U.S. financial system. From the collapse of the $2 trillion basis trade and soaring Treasury yields to Trump’s chaotic tariff war and America's accelerating de-dollarization, no stone is left unturned. Cameron outlines how financialization—not just free trade—has gutted the American middle class, and the crew dissects why tariffs alone won’t save the country. Sharp, irreverent, and unapologetically honest, this episode pulls no punches as the global economic order begins to fracture. • 00:00:00 – Intro Vibes & Sponsor Shoutout (Antelope Hill) • 00:03:00 – What Is Basis Trading? Explaining the Hedge Fund Meltdown • 00:08:00 – The $2 Trillion Blow-Up: Treasury Yields and Swap Spread Chaos • 00:14:00 – Financial Crisis Incoming? Cameron on the Post-COVID Debt Trap • 00:21:00 – Tariffs Unleashed: Trump's Midnight Moves and Market Shock • 00:28:00 – The Reciprocal Tariff Fiasco: Arbitrary Rates & Global Fallout • 00:32:00 – Diamonds, Israel, and Ben Shapiro’s Meltdown • 00:38:00 – Real Solutions vs Trumpism: De-dollarization and Internal Reform • 00:44:00 – Immigration, Zionist Influence & the Two-Tiered Justice System • 00:50:00 – Ross Perot Was Right: The Long Decline of U.S. Manufacturing • 00:56:00 – Trump’s Economic Strategy: Too Little, Too Late? • 01:03:00 – Closing Thoughts: What Comes Next in the Global Unwind ***SUPPORT OUR SPONSORS*** ⁠⁠https://IdahoTallow.com⁠⁠ ⁠🧼 ⁠⁠North Idaho Tallow Co.⁠ keeps it simple—grass-fed tallow, time-tested ingredients, zero junk. Their soaps, balms, and lip balm are packed with bioavailable nutrients your skin actually needs. No fillers, no endocrine disruptors—just rugged, reliable skincare that works. Ditch the synthetic garbage and switch to North Idaho Tallow Co. Get yours at ⁠https://IdahoTallow.com⁠ — Proceeds of sales help fund alternative media like our show! ———————————————————————————— ⁠📚 Antelope Hill Publishing⁠ is America’s leading publisher of dissident books, including a wide array of both original works and new, first-time translations of important historical titles. If you’re listening to this show, you won’t be disappointed in these or any of the other books available from Antelope Hill. Visit ⁠⁠⁠antelopehillpublishing.com⁠⁠⁠ today!———————————————————————————— ⁠⁠⁠https://atlasbullion.com/backlash⁠/⁠⁠ 💰 For Gold & Silver Coins, Bars, and Physical Subscriptions shop with ⁠Atlas Bullion⁠! They support the voices others want to silence. ———————————————————————————— WHERE TO WATCH THE SHOW: ⁠⁠x.com/realBacklash⁠⁠ ⁠⁠⁠rumble.com/user/BacklashPodcast⁠⁠⁠ ⁠⁠x.com/blondes_tweets⁠⁠ ⁠⁠rumble.com/c/RealVincentJames ⁠⁠ WHERE TO DONATE: ⁠⁠thebacklash.net/donate⁠⁠ ⁠⁠subscribestar.com/thebacklash⁠⁠ ⁠⁠patreon.com/thebacklash⁠⁠ ⁠⁠https://www.thebacklash.net/superchat⁠