No. of Recommendations: 12
Trump’s MAGA flock genuinely believed a guy who went broke selling steaks and casinos would magically erase $19T in national debt.
Instead, he fleeced them to fund billionaire tax cuts, catapulting the debt toward $50T. Keep buying those digital meme coins, geniuses!
Imagine being in so much debt you have to borrow more money just to cover the interest payments?
You don’t even have to imagine it. Thanks to Trump, you’re living it.
BREAKING:
"The US Treasury is considering using its $950 billion General Account to help fund its increased purchases of long-term government bonds."
The era of bond market intervention officially began on August 19th.
10 year benchmark Greek bond yield: 3.91%
10 year benchmark US bond yield: 4.70%
"I once subscribed to Adam Smith’s invisible hand, but I have since converted to the gospel of unbridled executive intervention,
where the delicate balance of price discovery is replaced by the clumsy, omnipresent grip of an ignorant pedophile!" ~Dope1, guy who cannot admit when he's wrong
cnbc.com - Bessent trillion treasury general account bond buybacks 