Just now, one of America's closest

allies walked into the US Treasury and

said, "Give us a lifeline

or will crash your bond market." That

country was the United Arab Emirates and

Washington blinked. I explained the

importance and the dangers of this to

you actually in March, even before this

happened in the video here on the

screen. And this one meeting has set up

a chain reaction right now that is

pushing your mortgage rate higher. It's

crushing your tech stock portfolio. It's

crushing your bond retirement portfolio.

And it's forcing central banks around

the world to dump the American dollar at

the fastest pace in over a decade. And

most investors have got absolutely no

idea this is happening. So stick around,

watch this video, and you will learn not

just what this means, but how to

position yourself and how to actually

profit from this because this isn't

2008. This isn't a banking crisis. This

isn't an everything is going to collapse

crisis. It's a trust crisis. It's the

one type of crisis the US government

can't print its way out of, which is

what they've always done. So, I'll show

you how these dominoes fall from the war

in the Middle East to the interest rate

on your mortgage, and I'll give you my

three-step domino framework so you can

protect your portfolio or how they

actually benefit from this. My name is

Felix Prin. I'm a former investment bank

economist. That was Winston just now,

which obviously was a lot more

interesting than me. And Winston has

>> Come here. Come here. Sit down. Sit

down. Sit down. Sit.

>> Good boy. And there he is. Winston has

done something for you that's even

better than this video because he said

to me, "Felix, this is a bit information

dense. People don't really want to talk

about treasury markets and all that

boring crap." So, he's put together a

full research report that outlines

absolutely everything we're about to

show you, plus actually more. You can

download that for free at

felixfriends.org/domino.

And if you are happy about that

document, just write Winston in the chat

and he you'll know that all the work

he's put in was worth it. So what

actually happened? Well, picture this.

The United Arab Emirates walks into a

meeting with Treasury Secretary Scott

Bessent. And the UAE is one of the

richest countries on the planet and

we're talking about 270 billion in

foreign exchange reserves, literally

trillions in sovereign wealth funds. So,

why do these guys need money? Well, they

have a problem, a pretty big one. Since

the US war kicked off with Iran, the end

of February, and the Strait of Hummus,

that narrow waterway where all their oil

and gas exports go through, is

essentially shut down. And they've been

hit by almost 3,000 missiles and drones.

Guess what? Their oil exports, which is

how they earn their dollars, have

basically slowed to almost nothing at

all. So the UAE says to Washington, "We

need what they call a currency swap

line. It's like a lifeline. It's a

dollar lifeline." And then they

apparently said, according to certain

reports, that if we can't get dollars

easily, we may have to start selling our

oil in Chinese B. Now, the US doesn't

like that idea because here's one

country threatening to use a different

currency for oil. And as you may

remember, since 1974,

when the Saudis agreed to price oil

exclusively in US dollars, the dollar

has been the oil currency. Every barrel

sold anywhere in the world is pretty

much priced in dollars. And it gives the

dollar a superpower. It gives the US the

ability to run a massive deficit because

every country in the world has to buy

dollars so that they can use it to buy

oil with it. So if one of these allies

the Gulf breaks rank, the whole thing

can unravel. Bit like a, you know, when

you have a sweater and there's like a

thread sticking out like if you have

cats, you know what I'm talking about.

You put on it, the jumper is gone,

right? It's the same thing here. So

Washington knew it. So the Treasury

confirmed publicly that many Gulf and

Asian allies have requested the same

lifelines. Not one country, but many.

see a light out of the door. Now, before

we go further, I need to explain

something hideous to you. Um, if you

think it's hideous, write hideous in the

comments. It'll be funny for people who

don't know what this video is about.

What are we actually talking about here?

Well, first you need to understand what

is a US Treasury bond. Well, imagine

that your imagine that you lend your

friend $1,000 and he then writes you an

IOU which says, "I'll pay you back in 10

years plus $50 a year in interest." Sort

of, you know, as a payment for the

favor. That piece of paper is basically

that I owe you is a treasury pot. Now,

imagine your friend did this with

everyone, his neighbors, his co-workers,

people in other countries. He borrowed

from everyone and now he owes $ 39

trillion. Well, that's the United

States. Nine trillion of that is held by

foreign buggers, foreign countries.

Japan, China, the UK, the Gulf States,

they hold about $9 trillion worth of

IUS. And for the last 80 years, these

IUs have been considered the safest

investment on the planet. It's

ironically known as the gold standard of

investing, which is sort of ironic if

you were a gold buck. But the question

nobody's been asking, like literally

nobody, is what happens when the people

who lend you the money suddenly need a

cash back all at the same time because

they need to buy oil or they're not

selling as much oil and they need the

revenue. That's what's happening right

now. And it's not because these

countries want to sell. It's because

they have to sell. So the chain reaction

is this. The straight off humus is

closed, right? Largest oil disruption in

history. So what happens? Well, it isn't

just the Gulf States. Kuwait, major oil

exporter, tiny country, right? They're

selling zero barrels of oil in a month.

Zero. First time since Saddam invaded in

1991. But it isn't just those countries

who suddenly have no revenue to pay for

their government and their health care

and their armed forces and you know

drones. Um it is also their customers.

Japan, India, South Korea, Thailand,

Turkey, these countries import oil and

they need to pay for that oil in

dollars. So they need dollars rapid. So

what's the fastest way for a central

bank to get some dollars? Well, you sell

your most liquid dollar asset. And

what's the most liquid dollar asset in

the world? Yeah, you guessed it. US

Treasury bonds. So, what happens? And

let me know if this is landing for you.

I know it's a little bit like tedious,

but it's so so important to understand.

You get this massive wave of selling.

Let me give you one number. Foreign

central banks holding at the New York

Fed, which is where they keep their

dollars. It's at the lowest level since

2012. China slashed its Treasury

holdings to the lowest number since

2008, an 18-year low. Japan, it's the

single largest foreign holder of US

debt, dumped 47 billion in just 30 days.

37 billion in 30 days. So about 240

billion globally have been sold in the

last 30 days of US government debt. The

only one buying is the poodle. Sorry,

the vassel state. Sorry, the uh formerly

Great Britain. They're the only country

buying. Probably gun to the head or

something. Everybody else selling. Now

what's the result of this? And maybe you

spotted a gold bar on my thumbnail

because yes, central banks now hold more

of their reserves in gold than in US

debt. That's the first time

in over 35 years. So central banks have

been buying a ton of gold. And that's

even though some countries are selling,

Russia is selling, Turkey is selling, uh

rumors are that the Gulf States are

selling gold because they need to raise

cash to pay for, you know, things to

continue or to fund drone purchases,

which is a bit weird, but that's true.

Um but still central banks are buying

more gold overall. The biggest quarter

of gold purchases ever in history ever,

ever, ever. Right? If I was a

six-year-old, I'd say a few more evers.

So the people whose job it is well in

whoever money printer, they're going,

"We don't want any of that monkey money.

We want gold." Now, most investors are

going to get surprised by the

consequences of this. This is going to

dominate what happens in the stock

market for the next 12 to 18 months,

maybe longer in my humble opinion. What

happens when you get surprised by it?

Well, tech stocks for example, they tend

to get a bloody nose when these things

happen. Look at Palunteer down 33%. Are

you one of the unfortunate souls who

bought Palunteer at the top here and is

regretting it? Or maybe you even bought

what sounds like a good investment in a

time like this. Maybe you bought silver,

but again, maybe you bought it near the

top of the market and you're down 32%

right now. Or maybe it happened to you

with any other, you know, good quality

stock

like PayPal here. You know, this one

that's down almost 90%. Tell me in the

chat any stock or gold or silver,

whatever that you bought near the top

and that you're like kind of annoyed by.

Just put it in the comments down below.

I'd love to see it. And it's going to

help people because they're going to

realize it isn't just me. It isn't just,

you know, manipulation. It's actually a

reality for most retail investors. And

I'm going to fix that for you. I'm going

to do something special for you this

coming weekend. I'm going to teach a

free live workshop and I call it how to

fix bad timing once and for all. And

what do I mean by that? I mean by that

that you don't have to buy at the top

and you don't ever have to have 30%

losses in your stock portfolio and you

can get yourself a free seat at

fixinvesting.com.

And maybe you're thinking, "But nobody

can time the market perfectly, Felix.

You're talking Dremel." Um, you would be

right. Nobody can time the market

perfectly. But the kind of buying at the

top only to see your wealth get

destroyed slowly and painfully, that is

actually avoidable. And I'll teach you

how. So get your free seat at

fixinvesting.com. I will teach you how

Wall Street deals with that very problem

because it is very very very solvable in

a very simple way. Just join me at

fixinvesting.com on the weekend. And if

you're going to do that, write fix in

the comments. Uh and and I know you'll

be there. But to really understand

what's going on right now, what's going

to hit the market, you need to

understand the following. When countries

dump US bonds, why should you care,

right? You're sitting somewhere nice and

sunny in Florida or whatever, and you're

like, "Why do I care? I only own stocks,

whatever." You probably own some bonds

in your retirement portfolio. But put

that aside. Most people don't understand

bonds because they sound tedious. They

are, but let me explain it to you so

like a five-year-old can understand it.

Let me know if it's let me know if this

lands for you. I'm not saying uh you

don't have the capacity of a 5-year-old.

I'm just saying I'm hoping it's as

simple as I think it is. So, it works

like this. Countries sell US debt,

Treasury bonds, the bond prices will

drop, right? It's a bit like imagining

your house if imagining your house,

you're sitting in your house and in your

street all your neighbors put their

house up for sale at the same time. All

the houses or you s live in a condo, all

the condos in your block go on the

market on the same time. What do you

think happens to prices? Correct. They

crash because the buyers are like,

"Well, I can haggle with him. I can

haggle with him. I'm going to need a

better price." In the bond world, when

the price of a bond goes down, interest

rates go up. And you can think about

that. It might cause you a headache.

Just just take it as truth for a moment.

They go in opposite directions. So mass

selling of US debt does what? It

increases interest rates. It increases

your mortgage rate and your car loan

rate, your credit card rate. And of

course also corporate borrowing. So all

those data centers that are getting

financed, the factories, the machinery

leases, all that stuff is getting more

expensive. So what does that mean? Well,

it means two things actually. It means

one, yeah, you get higher inflation and

two,

you get generally lower profits at

companies that can't pass the costs on

entirely to you, the sucker, the

customer. Now, the scary part here is

that long-term interest rates are now at

5.2% as I'm recording this. So 5% is

now.

Now Bank of America asked global fund

managers and guess what they said and

this might terrify you. They said it's

going to go not down. It's going to go

to 6%. US interest rates are going to go

to 6%. The last time we saw that was

1999 when we had like the biggest bubble

in the world. You know, wasn't that the

um I did not I did not have you know

what relations with that woman? And

wasn't that the time? sort of feels like

that was the time. Maybe I'm off by a

few years. And the reason interest rates

were so high is because we had a lot of

inflation. The economy was booming. But

right now, the economy isn't booming. So

what do the high interest rates do in

1999? Remember what happened after 1999?

2000 happened. 2001 happened. The stock

market completely collapsed. The dot

bubble collapsed. That's the scary part

here because when interest rates go

higher and higher and higher, it's

harder and harder to hide the cracks in

the system. Mortgages are already around

6.3%. Now, some people will benefit from

that, and I'll show you who in just a

second, but for you, for right now, we

already seen half a percentage point

increase in mortgage rates. That's $200

out of the average mortgage or $64,000

added on top of that mortgage. If you

have a fixed year fixed rate mortgage,

good for you. But some people are buying

homes, right? Student loans,

refinancing, business lines of credit,

that all goes up and that's a problem

for the economy and for you and for the

stock market when it becomes a bigly

deal. And people realize this has

actually happened. Now, who else is this

a big deal for before I tell you where

the opportunities lie? You know, the new

fetcher keeps saying he's going to lower

interest rates. He's like, "Yeah, yeah,

we're going to we're going to lower

rates." The problem is

rates are not set by the Fed. Yeah, they

can they can set a rate nominally, but

it's actually the bond market that sets

so. And because the bond market is so

big now, because the US government keeps

issuing all this debt, debt is a bond.

The bond market is now more powerful

than the Fed. And the bond market is

saying rates are going up to 6%. You can

cut all you like, doesn't make any

difference to us. Interest rates are

going up. So the tail is wagging the dog

as I put on the slides here. Now, who

pays the most interest in the world on

government on on on debt? It's the US

government, of course. A trillion

already in interest, more than the

military defense budget. Almost 20 cents

out of every tax dollar goes on

interest. Uh three billion a day. Now,

where does that money go? To bond

holders. So,

the people who own the debt. So,

someone's getting richer. But there are

really two outcomes to this. The

government has two options. Option one

is inflate the debt away, which means

create inflation, which is exactly what

they're doing, and it'll destroy your

savings. It'll destroy the value of the

dollar, to destroy the value of your

salary. The second option would be to

borrow more and kick the can down the

road, which of course is what they're

also doing. So, they're doing both. Now,

you might think, well, couldn't we just

grow the economy faster? Mathematically,

impossible to outdo the debt. I say

impossible. Everything is possible but

highly unlikely. Uh the fourth option

would be cut spending.

Now if you understand democracy, it is a

popularity contest. Who is going to be

more popular? The guy who's going to

say, "I'm going to take away all your

benefits. Medicare, all that stuff,

getting rid of all of it. Social

Security going to kill it all off." Or

the guy who's gonna say, "I'm gonna give

you loads of free stuff. Vote for me."

Who you gonna vote for? The reality is

people are always going to vote for the

guy who gives you free stuff, which is

what got us into this mess to start

with. So, the dollar is getting slowly

demolished or demoted. The dollar is

down about 8% since late 2025.

And if and when the war stops in the

Middle East, well, the war will never

stop in the Middle East, will it? When

this Iran war stops and oil will flow

more freely, um, guess what? Is it going

to fix everything? The dollar will

actually fall faster. Crazy, eh? Um, and

Goldman Sachs agrees with me, JP Morgan

agrees with me, we're all looking at

another about 10% down on the dollar.

So, if you're an American, you're going

on a holiday in Europe, go quickly. Now,

you'll be just fine. Um, for you, it's

like going to a third world country,

isn't it? Like, it's so cheap. All the

Americans were actually thinking that

the Liza saw in France. Like, it's like

it's like I don't know. I can't sh can't

mention a country, but you know what I

mean. Going to a tinpot HUD country. Um,

they're going to France. So, dollar

reserves are the lowest level in 30

years around the world, and the dollar

demand is going to keep declining. So,

what do we do? Well, there a couple of

things that we can do. First of all,

gold. JP Morgan says it's going to go to

$6,300 this year, which would be another

30% up or so. But what we really want to

learn is like what benefits from this,

what gets crushed, and then we want to

follow wherever the money is going, not

what these muppets are talking heads are

telling you on television or YouTube.

So, what benefits from chaos? Energy.

Energy tends to beat inflation. Banks

and insurance are doing well. Our weekly

um or rather my weekly lists of stocks

I'm interested in in tons of banks in

there at the moment. Gold and gold

miners. Yeah, you could add silver to

that. You could add all commodities that

to that quite frankly. Uh that's kind of

where I'm fishing. Now, are there

exceptions? Yes, there's some oil and

service stocks. That's kind of energy

that we're in right now. But your high

growth

unprofitable tech stock, that's usually

a pretty bad place to be. And I know a

lot of you guys are in that, right?

Quantum this, quantum that, and all that

stuff. There are moments for it, but buy

and hold on that could be dangerous.

REITs and utilities usually get

destroyed. Small caps, so lots of debt

tend to get destroyed and the

longduration bonds in your retirement

portfolio start to suffer pretty badly.

So you now understand the concept

straight of Hmoose triggered forced

selling of US government debt that

pushes interest rates higher in the US.

Isn't it crazy? These people on the

other side of the world can affect your

mortgage and your car loans. Yeah, it's

true. So you get higher rates, the

dollar gets weaker, and we realize that

some things benefit from it. Hard

assets, for example, right? Avoid the

stuff that gets crushed, and don't hope

it's all going to sort itself out

because it might well not do. So if

you've experienced this, you bought

something and it went down 30%. Maybe

you even bought something and it was

beautiful for a while. It went up and up

and up and up and up and you were like,

I'm a genius. You're telling everyone

how wonderful this particular stock was,

you know, up and up and up and up and up

and then it goes down and down and down

and down and now you're really really

sad and you're holding on to it quietly

and you haven't told your wife yet. If

that triggers something within you and

you just want to avoid that going

forward because guess hard rules on that

one. Wall Street's been following those

rules for 50 years plus. Join me on the

weekend. Grab yourself a free seat to

our workshop at fixinvesting.com. It's

called How to Fix Bad Timing Once and

For All. And no, I will not make your

timing perfect. It doesn't need to be

perfect, but it doesn't have to be

abysmally horrible where you get an

ulcer and can't sleep well at night. Uh

that we can definitely avoid. Now, it

won't be live from France this weekend

as I'm in Asia right now, but we'll

still do it. Wilston will be here, I

think. And I hope you got some value out

of this. If you did, please share it

with other people. That would be all I

ask. Uh share the invitation to our

workshop with other people. That's

really the best thing we can do. The

more people we reach, the more people's

lives we can change, which is really

what this is all about. And I wish you

tremendous success and hope to see you

on the weekend. Well, while everyone's

obsessing over the SpaceX's IPO at about

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