Luke Gromen, Founder of Forest for the Trees, deconstructs the dollar-bond yield relationship and discusses the consequences of a rising dollar on US treasury markets, western sovereign debt markets, and US banks. The tension between China, Russia, and the United States is explored, with a focus on potential economic strategies to harm the US. The limitations of treasuries as a stable asset are analyzed, along with their alternatives. The relationship between treasury yields, stock market performance, and deficits is explained, while crude oil prices and gasoline demand are discussed, indicating a potential recession.