Hey hey sovereign wealth builders,
We are witnessing history, and most people are completely missing the signal for the noise.
In the markets, we are seeing a major structural stress test. While the S&P 500 pushes toward its all-time high of ~7,748 under fiscal dominance, the bond market is flashing serious warning signs. The US 10-year Treasury yield is hovering around ~4.76% and the 30-year is at ~5.24%.
In my view, this is driving 7% mortgages back into play and putting severe stress on bank collateral. Meanwhile, Japan’s 10-year yield has risen above 3% for the first time since 1996, signaling a massive decoupling of the Japan carry trade.
The real relief valves are showing their strength. Gold is pushing above ~$4,500 as central banks continue to accumulate physical reserves. In a telling move, the Netherlands has quietly relocated 86 tonnes of its gold reserves ($12 billion) out of the US and over to London, with officials citing "increasing geopolitical unrest".
Bitcoin is also demonstrating its strength as hard money, posting its biggest weekly gain since March 2023 and surging 23% to ~$81,000 after wiping out billions in short positions. This comes as the US Strategic Petroleum Reserve (SPR) falls to ~287 million barrels—four-decade lows not seen since 1982.
In my view, we are watching the transition from a US-dominated dollar hegemony to a multi-node world order.
To unpack this transition, we are going live today for another episode of Simon Dixon Hard Talk LIVE.
You Think You’re Watching a War. You’re Watching a New World Being Built | Simon Dixon Hard Talk LIVE
PART ONE: India, China & Iran Just Sent a Major Signal — BRICS Is Next
Part One of today's broadcast is our live show. It begins with a live macro update from me, followed by an in-depth pre-recorded interview, with me as the guest, on Wally Rashid’s YouTube channel.
In this section, we break down the major geopolitical signals sent at the recent Shanghai Cooperation Organisation (SCO) meeting. India is increasingly cooperating with China, Russia, and Iran through both the SCO and BRICS, with Iranian President Pezeshkian invited to the BRICS summit in New Delhi next week (12–13 September). Meanwhile, at the G20, 19 countries backed freedom of navigation through the Strait of Hormuz, but China blocked a unified consensus.
Why does this matter now? In my view, this is the arrival of the multipolar—or what I call the "multi-node"—world order. Multipolarity does not mean India or the Gulf states are choosing China over America. Instead, they are refusing to choose. They are building regional security nodes connected by competing financial and technological rails. The old hegemonic node is fracturing, and regional powers are stepping up to secure their own corridors while the Financial Industrial Complex (FIC) and Technical Industrial Complex (TIC) jockey for dominance over payment and settlement rails.
Watch part one on youtube.
Watch Full Episode on YouTube.
