Michael Howell warns that the global financial system is approaching a breaking point, not from a recession, but from a massive mismatch between debt and liquidity. As the U.S. and other governments try to roll over trillions in short-term debt at rising interest rates, the quiet result is monetary inflation.

In this explosive interview with James Connor, Howell explains why 5% bond yields are the new normal, why the 60/40 portfolio model is obsolete, and why China, not just the Fed, may be driving the gold bull market. He warns that global bond markets are flashing danger, and the coming 2026–2028 refinancing cliff could trigger the next big crisis.

Key Topics:

• Why bond yields are rising globally, and what that means for markets

• The most overlooked metric: debt-to-liquidity, not debt-to-GDP

• How governments are quietly monetizing deficits, risking long-term damage

• Why China’s liquidity surge may be fueling the gold and Bitcoin rally

• The real reason traditional portfolios won’t survive this macro regime

Volatility got you concerned? Get a free portfolio review with Wealthion’s endorsed financial advisors at https://bit.ly/45PuywV

Hard Assets Alliance - The Best Way to Invest in Gold and Silver: https://www.hardassetsalliance.com/?aff=WTH

Chapters:
01:23 - Markets on Edge: What April’s Chaos Taught Us

03:23 - Bond Yields Are Screaming—Is Anyone Listening?

13:14 - America’s $9 Trillion Problem No One Wants to Talk About

23:18 - Why 5% Treasuries Might Be Here to Stay

27:49 - Will a Recession Be the Pin That Pops the Bubble?

34:15 - Market Mania vs. Debt Reality: Who Wins?

36:08 - Japan & China Are Dumping Treasuries—Should You Worry?

37:57 - Can Raising Retirement Ages Save the System?

40:33 - Trump’s “Big Beautiful Bill”: Boom or Budget Buster?

45:45 - The Fed’s Dilemma: Rate Cuts or a Crash Landing?

50:24 - Gold or Bitcoin: What Survives an Inflation Storm?

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#Wealthion #Wealth #Finance #Investing #Macro #Inflation #InterestRates #FederalReserve #Gold #Bitcoin #Bonds #DebtCrisis #Liquidity #RealAssets #Stagflation #MonetaryPolicy #GlobalMarkets

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IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.

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134 The Analytical Marketer by Adele Sweetwood