They Sold the Gold Citations
Jay's Letter | June 2026
Reporting & news sources
Turkey sells off its U.S. Treasury holdings
Cited over the segment on forced sellers dumping U.S. debt to defend their currencies.
- Article: "Turkey liquidates nearly all US Treasuries as Iran war bites economy: Report"
- Outlet / author: Middle East Eye MEE staff, published 21 May 2026 (citing Bloomberg estimates of U.S. government data)
- Source: https://www.middleeasteye.net/news/turkey-liquidates-nearly-all-us-treasuries-iran-war-bites-economy-report
- Use: Reported facts used as on-screen citation. Headline / quote shown as an editorial source receipt.
Turkey sells off its gold
Cited over the segment on central banks selling gold reserves to raise hard currency.
- Article: "Turkey central bank sells, swaps 60 tons of gold after Iran war"
- Outlet / author: Investing.com Garrett Cook (Editor), published 26 March 2026 (citing Bloomberg and CBRT reserve data)
- Source: https://www.investing.com/news/commodities-news/turkey-central-bank-sells-swaps-60-tons-of-gold-after-iran-war-93CH-4583189
- Use: Reported facts used as on-screen citation. Headline / quote shown as an editorial source receipt.
Neil Chapman (ExxonMobil) oil price warning
Cited over the segment on where oil prices go next.
- Story: Reuters energy markets report carrying the Neil Chapman quote Chapman, Senior Vice President at ExxonMobil, warned that physical Brent could spike toward $150-$160 a barrel as global inventories hit critical lows (remarks at the Bernstein 42nd Annual Strategic Decisions Conference).
- Outlet: Reuters, 5 June 2026
- Source: https://www.reuters.com/business/energy/global-markets-oil-analysis-pix-2026-06-05/
- Use: Reported quote used as on-screen citation. Headline / quote shown as an editorial source receipt.
Public-domain sources
1979 $10,000 U.S. Treasury coupon bond certificate
The Treasury bond certificate used as the visual anchor over the segments explaining government borrowing, the Treasury market, and why countries are forced to sell U.S. debt.
- Instrument: $10,000 10 1/8% U.S. Treasury Bond of 1994, dated October 18, 1979 (Grover Cleveland vignette)
- Source: Wikimedia Commons https://commons.wikimedia.org/wiki/File:1979_$10,000_Treasury_Bond_.jpg
- Original collection: The Joe I. Herbstman Memorial Collection of American Finance
- License: Public domain. Work of the U.S. Department of the Treasury under 17 U.S.C. Section 105; the Bridgeman v. Corel doctrine confirms that a faithful 2D reproduction of public-domain flat work creates no new copyright.
Licensed stock assets
All other imagery and footage in the cut are licensed for commercial use through Alamy, Artlist.io, and Adobe Stock under standard subscription / license terms. No attribution is required by these licensors for use in this format.
Music
All music is licensed through Artlist.io under standard subscription terms.
Custom illustration & animation
All charts, diagrams, motion graphics, and animations in the video including the bond/oil-bill/sell-off ledger sequence, the forced-seller and swap-line flow diagrams, the historical reserve-currency segment, and the yield/price visualizations are original work created in-house. No third-party rights apply.
Typography
- Inter Bold SIL Open Font License. Free for commercial use, no attribution required.
- Instrument Serif SIL Open Font License. Free for commercial use, no attribution required.
- Monaco Regular System font included with macOS. Used under Apple's system font license terms for personal and commercial creative output.
- Helvetica Neue Condensed Bold Monotype / Linotype. Included with macOS. Used under Apple's system font license terms for personal and commercial creative output.
Channel branding
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