If You Don't Understand Bonds, You Don't Understand Money

I explain how the global bond market actually runs the world and why your ignorance of its mechanics is costing you money. CHAPTERS 0:00 - The Invisible Market 1:41 - What Is A Bond 2:46 - The Inverse Relationship 4:42 - The 1994 Warning 8:34 - The Bond Massacre 11:36 - The Psychic Treasurer 15:43 - 2022's Historic Crash 18:31 - The LDI Crisis 22:09 - The Japan Factor 25:36 - The Trillion Dollar Bill 35:16 - The Final Lesson