Era of cheap money ends, bond market faces generational reset, 30-year playbook tossed; Gold holdings far from historic highs, central banks quietly stockpile reserves

This isn’t just about higher borrowing costs; it’s a signal that inflation and debt are forcing a reckoning. Given the recent House-passed tax bill that could balloon the U.S. debt further, and the bond market’s reaction with yields hitting highs not seen since 2007, the pressure is on.