The Fed’s No-Win Trap: Caravan To Midnight – Ep. 2658

The global financial system is no longer wobbling — it’s mathematically cornered. In this episode, David Morgan lays out why the recession isn’t coming, it’s already embedded in the structure of debt, interest rates, and Treasury financing. As auctions weaken, borrowing costs rise, and the Fed loses every viable option, the system begins to consume itself. From sovereign debt stress and commercial real estate cracks to the unraveling of global carry trades, this conversation connects the dots few are willing to trace. Morgan explains why silver is no longer just an investment, but an industrial and monetary necessity — and why precious metals historically emerge when policy intervention replaces market reality. This is a sober, data-driven breakdown of why the next phase isn’t a cycle, but a consequence — and what that means for anyone trying to protect real purchasing power.