Prediction evidence

Quoting · 22 Sept 2026, 17:00 UTC · context given to the AI

Last episode: Henrik Zeberg predicts that #Bitcoin crashes 90%. This episode, one of the world's leading liquidity experts explains why the opposite is structurally locked in. "The West is bust, and the world is changed." Michael Howell (@crossbordercap) founded CrossBorder Capital and has spent decades tracking one variable: global liquidity. His argument is that governments have quietly stopped borrowing the normal way, and started printing without calling it printing: "Governments are issuing three month Treasury bills, and those Treasury bills are like printing money." Long-term debt has become too expensive to issue in a world of higher yields. So everything shifts to the short end, the debt gets rolled instead of repaid, and monetary inflation becomes the release valve. Not a policy choice. A structural one. And his model puts a number on what that means: for every 10% increase in global liquidity, Bitcoin's price has historically doubled. We cover: - Why "the West is bust", and why that makes printinginevitable, not optional - The debt refinancing wall: why governments can't issue real long-term debt anymore - His liquidity model, and the Bitcoin relationship inside it - Why monetary inflation quietly destroys wealth that isn't in the right assets - Why he says most people still have close to zero allocation to the one asset built for this environment - Aging demographics, AI, and the future of bonds Thanks to @OKX for being sponsor of todays show! Timestamps: 00:50 - The West Is Bust 03:01 - Debt Refinancing Explained 06:14 - Causes Of Monetary Inflation 09:05 - The Debt Liquidity Cycle 12:14 - Government Spending And Rates 14:50 - Aging Demographics And Policy 17:47 - Central Banks In A Changing Economy 21:04 - Assets In High Inflation 23:56 - Rate And Growth Projections 29:44 - Debt And Inflation On Assets 35:00 - Financial Crises And Liquidity 40:21 - Portfolio Strategy In Volatility 45:32 - AI And Interest Rates 51:23 - The Future Of Bonds