Treasury’s $1 Trillion Rescue: What’s Next For Stocks, Gold, Oil | Todd Horwitz

**Todd Horwitz** (0:00)
Again, this is just another sign, and I go back to 2008, and it would not surprise me if December oil, when it comes to contract, is not below $70 a barrel. The interest rates are going much higher. And that means that the bond futures are going much lower, and the rate of play of that market, in my opinion, is to sell the futures. I think that the banks got problems. I don't think they could pass a legitimate stress test. I think that's why the Federal Reserve is trying to do some things.
And we know that eventually, those things don't work.

**David Lin** (0:34)
Treasury Secretary has announced today on Monday that the Treasury could use and access the Treasury General Account to buy back bonds. The Treasury General Account has up to $1 trillion of funds available.
On the news, gold went up, Bitcoin went up, stocks are down actually because of semiconductor selling off, not because of this news. And concurrently, Scott Besson is making announcements right now live that new sanctions will be placed on Iran. Oil is down on the news. So what should we do? How should we trade? Todd Bubba Horwitz is here to bring us the latest trading updates. What is he doing with gold? What is he doing with Bitcoin? What is he doing with bonds? And what is he doing with oil?
And of course, Bitcoin, as you know, is extending its biggest gains in three years. It's up 25% since last week alone. Bubba is here to bring us his latest updates and tell us which ones are overbought and which ones have more room to climb. Stick around, this is a very important, fast-paced moving interview. This video is brought to you by Kalshi. It's the largest prediction market in the United States. Unlike a sports book, you're trading peer-to-peer on real world events from economic data to political outcomes. And the price moves based on public opinion, not a house. Go to the link in the description down below. We'll scan the QR code here to get started and use my code LIN. New users who use my code can get $25 if you trade $25. Kalshi is CFTC approved and available in all 50 states, including California and Texas.
So right now, there's a trade for how high the WTI oil price can get by the end of the year. There's a 54% chance that it'll get to 75 or above, and a 52% chance that it'll get to 80 or above. If you put $50 down on this particular trade, $80 or above, because that's what you agree with, your payout could be $89, $90, if you turn out to be right. Bubba is going to give his opinion on oil and whether or not he's buying or shorting it right now. So Bubba, on that note, welcome back to the show. Good to see you again.

**Todd Horwitz** (2:36)
David, always great to be with you. And yeah, we have a lot to talk about because these interventions never work and interface are going higher, but I know we'll get into it.

**David Lin** (2:45)
Big moves for gold, Bitcoin, stocks, interest rates.
We'll get into that. I had a guest on right before you who told me that this is basically a financial crisis, even if it's not really showing up in a lot of the data. The government doesn't just randomly announce on a Monday morning that they're going to access the treasury general account to buy back bonds, unless something big is happening.

**Todd Horwitz** (3:09)
Well, and that's true. You have, listen, again, we go back to just a few weeks ago when they tried to intervene with the yen. And of course, the yen is falling once again. And Japan wants to hike rates again.
You have now the Fed, really, what they're really doing here by accessing the money is actually printing more money or making more money available because of the debt is so out of reach and out of sorts that you have some intervention going on here, which to me says that the interest rates are going a lot higher than they are now. Yes, we're having a little bit of a pullback in yield right now. But I would not be surprised within the next six weeks, if we hit over 5% in the 10-year notes because of this intervention. They're telling you and they're signaling that there's a lot of trouble that they have to get themselves out of and they're trying to do it quietly. This is the way that they try to do things. But as we've seen in every major intervention from the Strategic Petroleum Reserve to what we did in Japan to what we've done here in the past, they never work out well when it's all said and done. And you're going to see some reversals these move. But at the end of the day, this is really trying to combat inflation and it's going to create more hyperinflation than anything else.