In this episode of the MoneyMagpie Invest podcast, I’m joined again by Alasdair Macleod, author of the excellent Macleod Finance Substack, to discuss what he sees as a deepening bond crisis and why he believes the G7 is already in a debt trap.
I asked Alasdair to talk us through his latest thinking on US Treasuries, rising bond yields, government debt and why the so-called “safe” part of many portfolios may now be much riskier than people realise. His warning is stark: interest costs have risen sharply, governments are struggling with their debt obligations, and bond yields are showing signs of breaking higher again.
We also discuss Japan, the yen carry trade, America’s reliance on foreign buyers of US debt, and whether a crisis in Japan or the US Treasury market could be the trigger for a much wider financial shock. Alasdair argues that if bond yields break through key levels, equity markets could be hit hard too.
As ever, we talk about what ordinary savers and investors can do. Alasdair’s view is blunt: “get out of credit” and think seriously about real money — gold and silver — as protection against a world of rising debt, falling purchasing power and weakening fiat currencies.
We also touch on geopolitics, China, Russia, currency risk, possible price controls and why Alasdair believes the users of a collapsing currency are often the last to understand what is really happening.
Nothing in this episode should be taken as personal financial advice. It is for information only. Always do your own research before making financial decisions.
Do you still think bonds are safe — or is Alasdair right that the real danger is now in credit?
Let me know in the comments. I always read them and I do reply.
#AlasdairMacleod #BondMarket #Gold #Silver #MoneyMagpie #JasmineBirtles
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