Discover the stock market for bullion with Bullion Standard Pro. Access live bid/ask market maker pricing on gold and silver with no dealer markups. Join now at https://www.bullionstandard.com/proSteve Hanke, Professor of Applied Economics at Johns Hopkins University, discusses his recession warning for late 2025, the bond market surge driven by regime uncertainty, and why the Fed's focus on interest rates over money supply is fueling economic instability. Watch Prof. Hanke’s last interview with David:https://www.youtube.com/watch?v=_OzfBdodLu4*This video was recorded on May 22, 2025.Use my promo codes to get a 10% discount on BTC Vegas (May 27-29), the world's biggest Bitcoin conference:BTC Vegas 2025: https://tickets.b.tc/event/bitcoin-2025?promoCodeTask=apply&promoCodeInput=DAVIDBitcoinAsia: https://tickets.b.tc/event/bitcoin-asia-2025?promoCodeTask=apply&promoCodeInput=DAVIDSubscribe to my free newsletter: https://davidlinreport.substack.com/Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34sListen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-reportFOLLOW STEVE HANKE: X (@steve_hanke): https://x.com/steve_hankeEmail: [email protected], Interest, And Waiting: https://shorturl.at/jBed6Making Money Work: https://shorturl.at/TLTHCFOLLOW DAVID LIN:X (@davidlin_TV): https://x.com/davidlin_TVTikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tvInstagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/For business inquiries, reach me at [email protected]*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.0:00 - Intro0:58 - Bond markets5:20 - Regime uncertainty11:40 - Economic slowdown13:20 - Trump’s Gulf deals16:18 - Money supply21:36 - Consumer behavior23:12 - Tariffs29:13 - Fed policy and bonds39:00 - Deficit crisis and spending47:28 - China#economy #stocks #tariffs