Michael Howell: FED's hidden QE, REPO blowout and the U.S.-China LIQUIDITY war

Michael Howell returns to the Macroscopic Podcast to break down the truth behind the latest repo market blowout, the Fed’s hidden QE, and the coming liquidity war between East and West. In this powerful conversation, Howell explains why every financial crisis is ultimately a refinancing crisis, why liquidity is the real lifeblood of the global system, and how the U.S. and China are fighting a silent war through collateral, stablecoins, and gold. We discuss how the Fed is already being forced to restart liquidity injections, the rise of “Treasury QE”, and how this shift will shape the future of equities, bonds, gold, and Bitcoin.
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