The Bond Market Is Screaming. Nobody In Washington Cares.

WEDNESDAY, MAY 20, 2026

The Bond Market Is Screaming. Nobody In Washington Cares.

Dear Reader,

THE 30-YEAR TREASURY YIELD HIT 5.19% THIS WEEK. That is the highest level since July 2007. The summer before the financial crisis.

CNBC calls this "rising on inflation concerns." That is the polite version. Here is what is actually happening.

In today's issue:

• Why Congress just voted to make your debt problem worse — by $4.1 trillion

• The number that exposes exactly how broke the U.S. government already is

• What history says happens next — and how I am positioning against it

• The SpaceX IPO makes me furious. Here is why.

Congress just passed the "One Big Beautiful Bill." I am not making up that name. That is what they actually called it.

The Congressional Budget Office scored it: $4.1 trillion added to the national debt through 2034. On top of a $39 trillion debt we are already carrying. On top of an annual deficit running at $1.7 trillion. On top of interest payments that already hit $734 billion this year — more than we spend on defense. More than Medicare.

The bond market read that bill. And it said: no thank you.

"It's a real problem. When we started this year, everybody expected rates to come down — that was part of the bull case. Now, it looks like we're going to see a rate hike."

Think about what that means. The Federal Reserve has held rates at 3.5-3.75% all year. The market is now betting the next move is UP. Not down. Up.

And a 30-year Treasury yield above 5% means mortgages stay above 7%. It means the median American family — already facing home prices at 6 times their annual income — is locked out of homeownership. Indefinitely.

"Can you hear that? It's the sound of not one, not two, but all three major credit rating agencies now saying the same thing: the U.S. fiscal situation is unsustainable. Our federal interest payments are skyrocketing, already surpassing what we spend annually on defense or Medicare."

Last year Moody's stripped the United States of its last AAA credit rating. 106 years of triple-A status. Gone. The government's response? Pass a bill that adds another $4.1 trillion to the debt. And call it beautiful.

I have been studying monetary history since the 1970s. I bought my first gold coin in 1972, when Nixon took the dollar off the gold standard. Everyone called me crazy. This pattern is not new. This is Rome. Every empire that has ever debased its currency followed this exact sequence: borrow to fund wars, borrow to fund social promises, print to cover the gap, watch the currency collapse.

The U.S. is now fighting a war in the Middle East. Running a $1.7 trillion annual deficit. Passing a $4.1 trillion new spending bill. And inflation just hit 3.8% — a three-year high.

They are not robbing you with a tax form. They are robbing you with a printer.

The money in your savings account bought less today than it did yesterday. It will buy less tomorrow than it does today. That is not an accident. That is policy.

So what can you actually do?

My rich dad taught me one thing that has guided every financial decision I have made: "The rich do not work for money. They make money work for them." And in a world where the government is systematically destroying the purchasing power of the dollar, that means owning assets that cannot be printed.

Gold is at $4,507 an ounce today. Silver is at $74 an ounce. They called me crazy for buying gold at $300. Then $600. Then $1,200. I kept buying.

The school system taught you to save dollars. I am telling you: savers are losers. When the government can print unlimited dollars, every dollar you save loses value. Every ounce of gold they cannot print.

THE BOTTOM LINE: When the bond market hits a 19-year high while Congress adds $4.1 trillion more to the debt, the message is clear. The system is not broken. It is working exactly as designed. For the people at the top.

Get out of the dollar. Get into real assets. That is not a prediction. That is history.

To your freedom,
Robert Kiyosaki

P.S. The bond market is warning you. The CBO is warning you. Three credit rating agencies are warning you. But warnings are not a plan. That is why I put together a report on the exact income-generating assets I believe can protect your purchasing power as Washington keeps spending. Click here to see what I am watching right now.