MICHAEL HOWELL | Supreme Court, War, Warsh, & China Risks Equals Gold!

Описание: Description:
In this eye-opening interview on 2/20/2026 with Metals and Miners, liquidity expert Michael Howell, founder of Crossborder Capital and GLIndexes, breaks down global liquidity cycles, the "Chinese debasement" driving gold prices, Fed policy under potential Chair Kevin Warsh, AI deflation risks, geopolitical tensions, and why gold could hit $10,000+ per ounce. With markets in turmoil amid Supreme Court tariff rulings, Iran war risks, and China's massive monetization, Howell reveals why commodities and precious metals are the play for 2026. Don't miss his bold predictions on debt, crypto as the "canary in the coal mine," and the shift from tech to hard assets.

Timestamps:
00:00 - Intro
01:25 - Supreme Court Tariff Decision Reaction
02:41 - Gold & Silver Positive Post-Announcement
03:54 - Liquidity Inflection Bigger Concern Than AI
05:24 - Theme for 2026: Shift from Tech to Miners
06:54 - Warsh's Limited Power; Can't Shrink Balance Sheet
11:25 - Geopolitical Risks: US vs. Iran, China, Russia
12:09 - War Effects: Stronger Dollar, Surging Commodities, Gold Up
15:00 - Charts
42:41 - Chinese Debasement Confirmed
43:56 - Will Western Investors Join Gold Rush?
47:37 - China vs. Japan Debt/Liquidity; US Using Crypto
49:28 - US Debt Crisis: Fed Must Buy More
51:44 - Gold to $10K, $15K, $35K Long-Term
53:51 - Key Takeaway

Sound Bites:
"Bitcoin is really the canary in the coal mine."
"What's driving gold and precious metals is something a lot more subtle… the inevitable five-letter word called China."
"It just ain't different this time. Mean reversion is probably the most powerful factor in financial markets."
"Miners look particularly cheap vis-à-vis the underlying metals."
"The hope of getting the Fed balance sheet down is just a pipe dream. That will never happen."
"It's not a great debasement. It's a Chinese debasement."
"The gold price is going to easily get to something like $10,000 an ounce later on this decade."
"Gold is definitely an asset to buy… definitely buy gold on weakness."

Key Takeaways:
Liquidity cycles are peaking; shift from tech to commodities and miners for 2026 gains.
China's trillion-dollar monetization is fueling gold demand as a hedge, not global debasement yet.
Fed can't shrink balance sheet amid debt explosion; expect more QE-like interventions.
Geopolitical risks (Iran, tariffs) boost gold, commodities; crypto signals downturns.
Gold fair value: $10K/oz this decade, $15K mid-next, up to $35K in 25 years.
Western investors lagging but could allocate 10-15% to gold amid inflation.
Avoid AI hype; mean reversion incoming like past bubbles.
US debt unsustainable; printing money inevitable, bullish for precious metals.

Follow Michael Howell:
Substack: https://www.capitalwars.substack.com
Institutional Service: https://www.glindexes.com or https://www.crossbordercapital.com
Book: "Capital Wars" by Michael Howell
X: https://www.x.com/@crossbordercap

Follow Metals and Miners
Substack: https://www.metalsandminers.substack.com
Website: https://www.metalsandminers.com
X: https://www.x.com@GaryBohm5

Leave A Comment:
Michael sees the big risks of debt, China debasement, eventual U.S. debasement, the supreme Court crisis, War, Fed Independence and Warsh's real options as equaling a much higher gold price. Do you agree? Leave your thoughts below!

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