They're "Losing Control" As Interest Rates Crush The System | David Morgan
Liberty and Finance Oct 2, 2026 29:50
Summary
The guest argues spiking Treasury yields at a 24-year high show the bond market, not the Federal Reserve, regaining control of interest rates.
A rapid 1% further rise could crush housing and commercial real estate, and the guest will not rule out a 10-year yield of 8%.
September's gold and silver selloff is a knee-jerk to yields; only sustained real rates above true inflation durably pressure precious metals.
A backlog of retail silver sold above $50 still awaits refining into commercial bars, favoring sideways prices near $60 into year-end.
The guest expects renewed precious metals demand from late 2026 into 2027 as war, oil, and bond stress drive safe-haven buying.
David Morgan's takeaways
- Top takeaway Argues the powers that be are losing control of the yield curve after the 10-year Treasury yield hit a 24-year high above 5%, letting the market rather than the Federal Reserve set the cost of money.
- Contends that if interest rates are controlled or manipulated, then by definition everything priced off the cost of money is manipulated too.
- With silver near $60 as of early October 2026, he sets his readers' buying zone at $60 or below, would not rule out $50, and expects a sideways market to hold until year-end.
- Sees the next silver run-up starting near the end of 2026 into 2027, driven by investment demand rather than commercial buying, helped by war, oil, and bond-market uncertainty.
- Reports a backlog of retail silver sold above $50 awaiting refinement into commercial bars, meaning more physical inventory than commonly discussed despite a sixth- or seventh-year silver deficit.
Elijah K. Johnson's takeaways
- Top takeaway As host, he steers the interview through spiking Treasury yields, the oil refining bottleneck, silver's retail-versus-commercial demand split, and precious metals as personal sovereignty.
- Raises Morgan's recent interview with Pastor Arturo Polowski on government persecution and refusing compliance, tying it to owning metals outside the system.
Kaiser Johnson's takeaways
- Top takeaway Voices the closing Miles Franklin weekly specials ad (September 28 to October 5, 2026), listing 90% constitutional silver half dollars 25 cents below spot and 1-ounce platinum Canadian Maples at $145 over spot.
Gerald Celente's takeaways
- Top takeaway Morgan quotes Celente's line 'when you have nothing to lose, you lose it' while relaying the pastor's point that people only push back once they have lost everything.