The big news over the past week and a half has been the new conflict in the Middle East following the attack on Israel. And in the days since the attack, the situation has hardly de-escalated, while the financial markets have begun to respond.

So in today's show we talk with Jim Willie, editor of The Hat Trick Letter, who shares what he's discovered about the origins of the attack, and the driving forces behind it.

He discusses a 'stand-down' order that he says was given to the Israeli Military, Iran's response to what's happened, and the different parties that are now getting involved.

Jim also comments on the recent decline in the US bond market, and when he sees the alarm bells really going off. And especially as many of the banks are continuing to experience significant losses, which in most cases are extremely levered, he describes the severity of what we're facing.

Of course this is in the midst of the continued de-dollarization that's going on around the world, which is just putting more fuel on the fire. And why it's an important time for people to be aware of what's happening.