Recorded on February 13 2026
Steve Yang sits down with Simon Hunt of Simon Hunt Strategic Services for a hard-nosed look at the debt and liquidity backdrop shaping markets into late 2026 and beyond. Simon argues that global and US leverage have reached levels that force policymakers into a bond refinancing fight, and that flat to falling liquidity can pressure equities, copper, gold, and silver before the next inflation driven leg higher. They also map how old world versus BRICS friction can amplify volatility, and why capital preservation and real asset positioning matters when the tape turns. Expect direct answers, contrarian framing, and a clear framework for separating noise from signal. #Millettian
Key topics
Global debt and US debt scale, plus why the bond market is the constraint
The 10 trillion US Treasury refinancing wall and what it implies for yields
Liquidity conditions and why asset prices can reprice fast
Equity drawdown scenarios and correction targets across metals
Inflation driven recovery dynamics and the volatility regime into 2032
Real assets framework: metals, land, art, and food
Old world versus BRICS friction and how it feeds market stress
China and US Treasury headlines and what is actually changing
Guest links
Simon Hunt Strategic Services https://simon-hunt.com/
Simon Hunt Substack https://simonhuntstrategicservices.substack.com/
Host Steve Yang Natural Resource Stocks
Website https://www.NaturalResourceStocks.net
YouTube Main https://www.youtube.com/@naturalresourcestocks
YouTube Clips https://www.youtube.com/@NaturalResoureStocksClips
X https://x.com/TheSteveYang
LinkedIn https://www.linkedin.com/in/thesteveyang/
NRS LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/
NRS Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/
NRS TikTok https://www.tiktok.com/@natural.resource.stocks
NRS Instagram https://www.instagram.com/naturalresourcestocks/
Steve Yang X alternate https://x.com/SteveYangStocks
Steve Yang LinkedIn alternate https://www.linkedin.com/in/steveyangstocks/
Chapters
00:00 Cold open debt and liquidity
00:01:55 Welcome and the forces shaping 2026
00:03:20 Debt math and why bonds matter
00:04:31 Treasury refinancing and the 10 trillion wall
00:05:31 Liquidity flatlines and asset price pressure
00:06:11 Correction targets for equities, gold, silver, copper
00:08:34 Cycles converge into 2032 and the volatility regime
00:11:25 Real assets and the food inflation angle
00:12:18 Old world versus BRICS and geopolitical premium
00:23:05 China and US Treasuries narrative check
00:27:38 Noise versus signal and what to watch
00:31:45 Wrap and where to follow Simon
The content provided by Galt Consulting Group, doing business as NaturalResourceStocks.net, including but not limited to interviews, articles, podcasts, and other digital media, is for informational purposes only. We reserve the right to buy and sell shares of any company mentioned in these communications, including sponsors of the NaturalResourceStocks.net platform.
If Galt Consulting Group or any affiliated parties are invested in a company mentioned in our content, we will publicly disclose such investments on all digital platforms, including but not limited to the NaturalResourceStocks YouTube channel, Apple Podcasts, and Spotify. This disclosure will include clear statements indicating whether or not we hold shares in the companies discussed.
Nothing in our content constitutes financial advice. Every investor is responsible for conducting their own due diligence and should seek the advice of a qualified financial professional before making any investment decisions. Past performance is not indicative of future results, and investments in the stock market can result in the loss of principal.
By engaging with our content, you acknowledge that you are fully responsible for your investment decisions and agree to hold Galt Consulting Group, NaturalResourceStocks.net, and its affiliates harmless for any financial losses incurred.
