Michael Howell: Monetary Inflation Is Here

16 snips

Jun 10, 2025

In this insightful discussion, Michael Howell, Managing Director of Crossborder Capital and a global liquidity expert, warns of impending monetary inflation amid rising global bond yields. He explains the dangers of current debt-to-liquidity mismatches and critiques the outdated 60/40 portfolio model. Howell highlights how China's liquidity surge may be driving gold and Bitcoin markets, and discusses the looming 2026–2028 refinancing cliff that could spell crisis. This conversation is a must-listen for anyone evaluating their investment strategies in a volatile economy.

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

INSIGHT

Bank Purchases Drive Monetary Inflation

Banks’ increased purchase of government debt is boosting money supply, effectively monetizing deficit spending.
This process causes monetary inflation, harmful for traditional bond investments but supportive of real assets.

ADVICE

Ditch 60/40, Buy Inflation Hedges

Avoid the traditional 60/40 stocks and bonds portfolio in a world of monetary inflation.
Invest in dedicated inflation hedges like gold, Bitcoin, prime residential real estate, and selected equities.

INSIGHT

Tariffs Raise Recession Risk

There is about a 50-50 chance of recession this year largely due to tariff-related tax increases slowing the economy.
Sensitive sectors like airlines and restaurants signal weakening consumer and business activity amid uncertainty.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

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interview with James Connor, Howell explains why 5% bond yields are the new normal, why the 60/40 portfolio model is obsolete, and why China, not just the Fed, may be driving the gold bull market.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?

Connect with us online:

Website: https://www.wealthion.com

X: https://www.x.com/wealthion

Instagram: https://www.instagram.com/wealthionofficial/

LinkedIn: https://www.linkedin.com/company/wealthion/

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

________________________________________________________________________

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.

While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor.

We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.

The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.

Learn more about your ad choices. Visit megaphone.fm/adchoices