"We're Past The Point Of No Return" | Luke Gromen and Lyn Alden

<p>Mentor Sessions 093: Luke Gromen and Lyn Alden explain the 2026 global bond market crisis, private credit risk, yield curve control, and Bitcoin and gold as safe havens.</p><p><br></p><p>The global bond market is bleeding out in slow motion, and the real danger is buried in private credit that insurance companies can&#39;t sell without going insolvent. Luke Gromen and Lyn Alden break down why the long end of the Treasury market is grinding higher, why Scott Bessent intervened before any visible crisis, and what happens when trillion-dollar balance sheets finally hit the sell button.</p><p><br></p><p>You&#39;ll learn why China is the one nation conspicuously absent from the sovereign debt rout, how AI-driven deflation is reshaping Chinese manufacturing, and why Gromen argues the U.S. now faces a &quot;Weimar gold reparations&quot; problem with true interest expense at 105% of receipts. You&#39;ll see why both guests believe rate hikes are no longer even a usable tool under fiscal dominance, how a Blackrock &quot;one phone call&quot; scenario could freeze $5 trillion in a crisis, and where Bitcoin and gold fit as bearer assets when markets get locked down. Alden makes the case for holding scarce assets and extra cash through the air pockets; Gromen explains why he trimmed Bitcoin and exactly when he&#39;d aggressively buy it back.</p><p><br></p><p>⏱️ Timestamps:</p><p>0:00 - Intro</p><p>1:12 - Treasury Event or Broader Sovereign Debt Crisis</p><p>1:34 - Why China Avoids the Global Bond Rout</p><p>2:00 - Hyperscalers Emerge as New Bond Vigilantes</p><p>3:41 - Path Leading to Yield Curve Control</p><p>4:15 - Why Chinese 10-Year Yields Hit Global Lows</p><p>6:00 - AI Driving Deflation in Chinese Manufacturing</p><p>10:17 - Orderly Bond Market Grind vs Sensationalized Crash</p><p>13:43 - The Dog That Didn&#39;t Bark in Bessent&#39;s Move</p><p>14:38 - Silent Crisis Brewing in Private Credit</p><p>15:38 - Insurance Insolvency Risk Triggers Treasury Sales</p><p>19:01 - Liquidity Versus Solvency in Private Funds</p><p>27:44 - Will Warsh Raise Rates This Cycle</p><p>29:43 - True Interest Expense Hits 105% of Receipts</p><p>33:43 - Rate Hikes Fail Against Fiscal Dominance</p><p>35:50 - Crack Spreads, Diesel and Physical Bottlenecks</p><p>37:37 - Wall Street Awakening to Fiscal Dominance</p><p>40:12 - BlackRock&#39;s $5 Trillion Lockdown Scenario</p><p>41:00 - Past the Point of No Return for Markets</p><p>45:47 - Non-Linear Reset Versus Slow Economic Spiral</p><p>50:19 - Physical Constraints in Beef and Refineries</p><p>54:05 - Gormen Adds Back Bitcoin After Selling</p><p>57:07 - Lyn Alden on Bitcoin and Gold Outlook</p><p><br></p><p>🔗 Links &amp; Resources:</p><p>Lyn Alden: https://www.lynalden.com/</p><p>Luke Gromen: https://fftt-llc.com/</p><p><br></p><p>⚡Previous Episodes:</p><p>Michael Sullivan: https://youtu.be/wp5IYzcThUo</p><p>Tom Luongo: https://youtu.be/zkvdfR7LTuU</p><p><br></p><p>🔔 Subscribe for weekly Bitcoin Podcasts</p><p>🐦 Follow on X: https://x.com/BTCSessions</p><p>🐦 Follow on X: https://x.com/theBTCmentor</p><p><br></p><p>⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1</p><p><br></p><p>⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB</p><p><br></p><p>⚡ Sponsored by BITCOIN WELL: Best Place to BUY &amp; SELL BITCOIN</p><p>https://qrco.de/bfiDC6</p><p><br></p><p>⚡ Sponsored by Blockstream Jade: Easy, open-source Bitcoin-only cold storage. Get 10% off with code BTCSESSIONS at store.blockstream.com.</p><p><br></p><p>💡BOOK Private Sessions with Nathan, Ben and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more.</p><p> 👉 Visit btcmentor.io </p><p><br></p><p>#BTCSessions #Bitcoin #BTC #LukeGromen #LynAlden #BondMarket #Treasury #FederalReserve #InterestRates #YieldCurveControl #PrivateCredit #FiscalDominance #SovereignDebt #USDollar #Inflation #Gold #ChinaEconomy #Ja