Podcasts about treasury secretary

Stocks higher, yields lower as markets digest the first Fed rate hike in three years. The CEO of Sentinelone says AI labs are engaging in “self-serving marketing.” Plus, an extended conversation with former Treasury Secretary Jack Lew. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Treasury Secretary testifies in front of the House Financial Services Committee as the market focuses on the 10-year yield which is now above 5% and at its highest level since 2007. Then the CEO of Thermo Fisher, on the company's M&A strategy, the impact of AI on business and the product pipeline. And Morgan Stanley's Global co-head of M&A John Collins with his dealmaking outlook.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Bitcoin Nears $80K as Senate Prepares Key Procedural Vote on the CLARITY ActBitcoin is nearing $80,000 as markets watch a Senate procedural vote Tuesday on advancing the CLARITY Act, a stalled bill that cleared the Senate Banking Committee in May but needs 60 votes to overcome a filibuster. The vote is not final passage, but a failure could delay progress and keep U.S. crypto rules driven by regulators and enforcement. The bill aims to clarify SEC vs. CFTC jurisdiction, affecting exchanges, listings, custody, compliance, and customer protections, while stablecoin rewards are a major dispute due to concerns about bank deposit flight; a compromise lets the Treasury Secretary restrict rewards if impacts become substantial. Clearer rules could encourage institutional participation, but DeFi treatment remains unsettled and new compliance burdens or service limitations for U.S. users are possible. The script highlights key watch items and urges viewers to manage risk.00:00 Bitcoin Near 80K00:28 Senate Vote Stakes01:23 What Clarity Act Does02:30 Stablecoin Fight03:39 Institutions and DeFi04:35 Sponsor Break05:47 Everyday Investor Impact06:43 Market Outlook and Rules07:26 What to Watch Next07:44 Final Thoughts and CTASponsored by: https://portal.costsegregationguys.com/r/staywinning

Our central bank finds itself in a tough spot as inflation ticks higher and the Treasury Secretary tries unsuccessfully to suppress bond yields leading many to wonder if Fed policy matters much these days. With the FOMC decision on interest rates set for this week, Liz Thomas of SoFi drops in with her perspective, and the most important indicators to watch through the balance of this year. Plus, stocks have almost never been this expensive, historically speaking, but they are looking like a bargain into the future. Does the forward P/E ratio outweigh CAPE ratio? That's the bet we are making as investors. Learn more about your ad choices. Visit podcastchoices.com/adchoices

"The White House is not going to fix your house." The Treasury Secretary just declared that the economy has shifted from a "K-shaped" recovery, where the rich keep getting richer, to a "C-shaped" recovery, where lower income earners are catching up. Jaspreet Singh breaks down the data behind that claim and shows why the Federal Reserve and Bank of America are reporting very different numbers than the White House. He then explains why the debate over which shape the economy takes misses the bigger point: the system is built to reward investors over workers, and understanding that distinction, not government data, is what actually determines whether inflation and spending make you richer or poorer. In this episode, you'll learn: Why the Treasury Secretary claims the economy shifted from "K-shaped" to "C-shaped," with bottom earners' incomes reportedly rising 5.5% against just 1.8% for top earners How Federal Reserve and Bank of America income data conflicts with the White House's numbers, showing top and bottom earners rising at nearly the same rate Why CEOs disagree on which economy we're in: Hilton says incomes are converging while Marriott and McDonald's say lower income consumers are cutting back on basics like breakfast Why spending and inflation both make investors richer rather than workers, using the example of who profits when a Chipotle order gets more expensive How the $40 trillion national debt and Federal Reserve money printing connect directly to inflation and who benefits from it Why the Federal Reserve targets 2% inflation instead of 0%, and how that target favors investors over everyday workers Why market crashes and recessions are guaranteed to keep happening, and how investors have historically built wealth buying through them, from 2008 to 2020 to 2022 Why becoming an investor, not waiting on government policy, is what actually determines financial outcomes Keywords: K-shaped economy, C-shaped recovery, income inequality, inflation, national debt, Federal Reserve, market crash investing, stock market, investing vs saving, wealth building ✅ Register for my investing Workshop & get Market Briefs as a bonus: Below are my recommended tools! Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or podcast). ---------- ➤ Invest In Stocks Passively 1) M1 Finance - Buy stocks & ETFs automatically: https://theminoritymindset.com/m1 ---------- ➤ Life Insurance 2) Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) Fundrise - Invest in real estate with as little as $10! https://theminoritymindset.com/fundrise ----------

Scott Bessent can’t do anything right. He just announced a paltry bond buyback that fell flat with the market responding by pushing rates higher. Bessent also proclaimed that he is “the house” and that people shouldn’t bet against him because he has inside information about what the Bank of Japan is going to do. Interesting. The guy doesn’t know what our central bank is going to do but he has the inside track on the BOJ? The market there is also telling him to get lost. And after he said he would cripple the Iranian regime in a matter of weeks or months with sanctions, the Iranians have been striking back and have now declared that they’re going to cripple our economy. Bessent is going to go down in history as the worst Treasury Secretary we’ve ever had. Resources Bloomberg Television: Bessent Tells Yen Traders ‘I Am the House Now’ CNBC International Live: ‘I am the house’: Scott Bessent’s challenge to traders Bloomberg Television: Commodities Bull Market Is Underpriced: 3-Minutes MLIV ABC News: Oil Prices Climb Over $100 per Barrel as War in Iran Continues Bloomberg Television: US Treasury to Buy Up to $6 Billion in Long-Dated Debt Fox Business Clips: ‘SLINGSHOT’: Treasury’s rate move gets BRUTAL reality check IMF: Did the Plaza Accord Cause Japan’s Lost Decades? U.S. Department of the Treasury: Treasury Launches Unprecedented Campaign Against Iranian Regime on Economic D-Day The Hill: Iran reignites Strait of Hormuz fight as US tightens squeeze NBC News: Diesel hits all-time high of $6 per gallon, and just about everything will cost more Brookings: What is yield curve control? npr: Trump’s controversial nominee drops bid to head vital data-gathering agency U.S. Department of the Treasury: Henry Morgenthau, Jr. (1934 - 1945) United States Holocaust Memorial Museum: Henry Morgenthau Jr. npr: The IRS slashed its staff. One result? More taxes going uncollected UNFTR Resources Video: The Treasury Secretary Who Can’t Get It Right Essay: Scott Bessent Can’t Stop Failing. -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com. Become a member at unftr.com/memberships. Buy yourself some Unf*cking Coffee at shop.unftr.com. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibilitySupport the show: https://www.unftr.com/membershipsSee omnystudio.com/listener for privacy information.

Most of us have been transfected! Test your own blood, then Get the heavy metals, nanotech & Graphene OUT w/ MasterPeace: https://masterpeacebyhcs.com/sgt ------------ Harley Schlanger has a few things to say for the 'trust the plan' folks, some of whom he worked with for years at the LaRouche Organization. And he has a few things to divulge about George Soros ally Scott Bissent and the the great American economic hit job which seems to be in play. And for those who think "the plan" is to decapitate the City of London and the UK crown, you might want to read THIS: Donald Trump's new Treasury Secretary billionaire Scott Bessent is close friend of King Charles and Queen Camilla https://tinyurl.com/235352vk   Follow Harley here: https://www.laroucheorganization.com/harleyschlangerreport   Get the heavy metals, nanotech & Graphene OUT w/ MasterPeace: https://masterpeacebyhcs.com/sgt https://rumble.com/embed/v7cykeo/?pub=2peuz

Everyone in the financial media is telling you the same story: Scott Bessent's surprise Treasury buyback announcement is a thumb on the scale of the bond market, and it's making Kevin Warsh's job at the Fed harder. But what if the headlines have it exactly backwards? What if the Treasury Secretary is actually running interference for the one thing the Fed Chair can't do himself? Fresh off asking Bessent this question face-to-face at the Charlotte Economic Club, Jen breaks down why she thinks there's a stealth rate hike hiding inside what looks like yield suppression, and why the best way to understand it is a three-act magic trick straight out of The Prestige. To get there, we have to answer the questions most coverage skips entirely. What actually happens at a quarterly refunding, and why does the Treasury auction schedule matter more than almost anyone realizes? What's the difference between an on-the-run and off-the-run bond, and why are aged long bonds from the COVID era trading below 50 cents on the dollar? When the Treasury buys back 30-year paper and funds it with T-bills and short-dated notes, is that QE, or is it something closer to the opposite? And why would Bessent make this move right before the AI hyperscalers flood the corporate bond market in September? Then things get weirder. Why did the US just participate in the biggest coordinated yen intervention in decades, and what does it have to do with Japan's Treasury holdings? How do stablecoins, a resurgent crypto market, and a shaky dollar all fit into the same trade? And what do Bessent and Warsh, supposedly at war, have in common through their shared mentor Stan Druckenmiller, whose AI-generated op-ed became its own scandal?

Episode 5641: One On One With Treasury Secretary Scott Bessent; Reinstating America As A Manufacturing Superpower

Former U.S. Senator Jim Talent joins Marc Cox to analyze Treasury Secretary Scott Bessent's maximum economic pressure campaign on Iran. Talent breaks down how targeted economic sanctions, blockades, and diplomatic isolation are crippling the regime's internal support structure and kleptocracy. The discussion covers global oil market fluctuations, Russia's reduced refining capacity, and President Trump's firm foreign policy stance ahead of the upcoming midterm elections. Listen to The Marc Cox Morning Show live on 97.1 FM Talk in St. Louis or stream worldwide on the free Audacy App!

Tune in here to this Wednesday's edition of the Brett Winterble Show! Brett kicks off the program by talking about an unexpected visit to the WBT studios and Treasury Secretary Scott Bessent’s exclusive sit-down interview with Breaking Brett Jensen. Brett explains that the visit had been in the works for several days and required extensive coordination with the Secret Service before Bessent arrived in Charlotte. Jensen shares that he had previously interviewed the Treasury Secretary in Asheville and was surprised to learn that Bessent specifically wanted to visit the WBT studios for another conversation. Later Brett breaks down why Americans can feel like the economy is struggling even when traditional economic indicators tell a different story. He points to low unemployment, cooling inflation and solid market performance, while arguing that those numbers don't capture the everyday costs households are dealing with, including rent, mortgages, childcare, healthcare, car payments and groceries. Listen here for all of this and more on The Brett Winterble Show! For more from Brett Winterble check out his YouTube channel. See omnystudio.com/listener for privacy information.

The Treasury Secretary is setting the record straight on Iran, Canada, and the media. Listen to him at the G20 warn every Iranian cleric who has pillaged and plundered the Iranian people - we're coming for all your assets. Brandon Gill exposes a foreign-run baby mill whose CEO takes the fifth to protect himself. And big pharma wants to stop the Ivermectin Cancer Revolution. How they're now pushing "new cancer drugs" as new miracle cures... and why you already know how not to believe them.      

Mark is joined by Brian Kilmeade, co-host of FOX & Friends, host of One Nation with Brian Kilmeade, and host of The Brian Kilmeade Show on KFTK. The two discuss recent interviews with key political figures, foreign policy negotiations, high-profile legal cases involving Tiger Woods and local trials, as well as the importance of competition, work ethic, and Kilmeade's upcoming live appearance at The Factory in Chesterfield on November 21st.

Canadians think they are in a trade war with the United States. U.S. Treasury Secretary might have some words about that. Andrew Garfield wanted Spider-man to be gay and was very specific who should do it. Lanterns on HBO has received mixed reviews, but at least the actors on the show haven't said anything stupid. Oh, wait. The media can't handle it when Trump wins. We have the details on the Venezuelan oil deal, and the media meltdown it caused. GUEST: Josh Firestine Link to today's sources: https://www.louderwithcrowder.com/sources-september-1-2026 Go to http://blackoutcoffee.com/CROWDER and use code CROWDER for 20% off your first order! Foundation Daily is made up of premium ingredients to reduce inflammation and stress and promote clean energy and mental clarity. Subscribe now and receive 40% off for life. https://foundationdaily.com/ Share clips from the show! Where to get clips: Telegram: http://t.me/LWCClips Discord: https://discord.gg/nfRAZxEbAV Join Rumble Premium to watch this show every day! http://louderwithcrowder.com/Premium Want to be informed? Check out the 3-in-3 podcast. Here's the best path to victory on the most debated topics: https://threekeyfacts.com/ Get your favorite LWC gear: https://crowdershop.com/ Bite-Sized Content: https://rumble.com/c/CrowderBits Subscribe to my podcast: https://www.louderwithcrowder.com/podcast FOLLOW ME: Website: https://louderwithcrowder.com/ X: https://x.com/scrowder Instagram: http://www.instagram.com/louderwithcrowder Facebook: https://www.facebook.com/stevencrowderofficial Music by @Pogo

"Because anytime money moves, somebody gets richer."   The U.S. government is running out of lenders for its $40 trillion national debt and what the Treasury Secretary's newly announced buyback plan, set to begin September 9, 2026, means for everyday investors. He explains why the government now plans to borrow short term debt to pay off its own long term debt, and why that shift is already moving markets.   Jaspreet Singh walks through the mechanics behind the plan, from the Federal Reserve's role in money printing to the Genius Act's new stablecoin rules, and connects rising Treasury rates to the mortgage, auto loan, and credit card rates people see every day. He closes by outlining how shifts like this one create investment opportunities across different asset types.   In this episode, you'll learn: What nominal long end liquidity support buybacks are and why the government is using them, and how the Federal Reserve's money printing connects to inflation and the value of the dollar How the Genius Act requires stablecoin companies to back their coins with U.S. Treasuries Why Treasury rates directly affect mortgage rates, car loan rates, and credit card rates Why cutting government spending by $2 trillion could shrink GDP more than the 2008 crash How debasement assets like gold, Bitcoin, and silver typically react to concerns about the dollar   Keywords: national debt, Treasury buybacks, Federal Reserve, inflation, Genius Act, stablecoins, mortgage rates, debasement trade, S&P 500, real estate investing   ✅ Grab a FREE copy of my ebook ABB: Always Be Buying here: https://go.briefs.co/abb-ebook/?utm_campaign=tof_content&utm_medium=organic&utm_source=podbean&utm_placement=podbean_description&utm_term=mm&utm_content=its_over_america_is_now_buying_its_own_debt&utm_category=null&utm_headline=null&utm_copy=null&utm_hook=null&utm_media=null&utm_funnel_type=ap2vsl&utm_audience=null&utm_owner=as   Welcome to the Minority Mindset Show! Want more financial news? Join Market Briefs, my free daily financial newsletter: https://link2.briefs.co/gie Below are my recommended tools! Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or podcast). ---------- ➤ Invest In Stocks Passively 1) M1 Finance - Buy stocks & ETFs automatically: https://theminoritymindset.com/m1 ---------- ➤ Life Insurance 2) Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) Fundrise - Invest in real estate with as little as $10! https://theminoritymindset.com/fundrise ----------

So, Trump doesn't understand economics. Do we at least have a Treasury Secretary who knows what he's doing? Maybe not.

Treasury Secretary Scott Bessent joins from the G20 meeting in Asheville, North Carolina to discuss the Iran war, the bond market, AI and much more. We also speak to Apollo Chief Economist Torsten Slok on the market and D.A. Davidson analyst Gil Luria on OpenAI reaching a new ad revenue milestone. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Bonds Yields and Elections November is not that far away and the rates of U.S. Treasuries are rising. The Treasury Secretary is trying various strategies (perhaps, with November in mind) to juice the markets and get rates down, but they are not working all that well. What's going on? What is the relationship between elections and treasury rates? We ask one of the leading experts in the world on this topic, Layna Mosley (who has a fabulous new paper on Brazil, elections and rates). Politicians (at least some of them) better watch out — winter is coming. Producer: Leanna Doty

Welcome to "Ahead in the Count," presented by BIP Wealth. Our Baseball Division combines their collegiate and professional baseball playing experience with financial acumen to provide expertise in life on and off the field. We aim to give ballplayers and their families a better understanding about their unique lifestyle, the opportunities that come from playing this game, and insight into the complex financial world. This is "Ahead in the Count," hosted by Nolan Alexander, from BIP Wealth. What You'll Learn in This Episode What a Trump Account is and how children born between January 1, 2025 and December 31, 2028 qualify for a $1,000 government contribution How the account grows through tax-deferred compounding over the child's lifetime with potentially 60+ years of runway The conversion to a traditional IRA at age 18, and why the exact mechanics are still being finalized Early withdrawal rules and penalties, including the first-time homebuyer exception and why you'll still owe income tax even when the 10% penalty is waived Trump Account vs. 529 plan: how to decide which bucket fits your family's goals Tax treatment differences: why 529 withdrawals for education are completely tax-free, while Trump Account withdrawals are taxed as income Recent 529 plan expansions, including qualified use for K-12 private school, professional certifications, and the ability to roll over unused funds into a child's Roth IRA What's next, including recent guidance from the Treasury Secretary on allowing pre-tax employee/payroll contributions to Trump Accounts, similar to a 401(k) Subscribe, rate, and review on Apple Podcasts, Spotify, or wherever you listen. To get in touch with a member of today's show, visit bipwealth.com. CONTACT For more information: jhester@bipwealth.com, kschmidt@bipwealth.com, cmurray@bipwealth.com, jhermida@bipwealth.com Visit: BIPWealth.com

The Last Trade: Bitcoin just posted its second best week since February 2021, up about 24% from roughly 62,000 to a high near 80,000, and Brian calls it the biggest dollar magnitude move ever inside a three to five day span. Gold and Bitcoin ETFs pulled a combined $7 billion in a single week, a record for any five day period. Jackson, Michael, and Brian trace it back to the Treasury's bond buybacks and Stanley Druckenmiller's op-ed calling out his own former protege.---

Everybody in power announced something this week. Almost nobody showed the paperwork.Trump promised an economic D-Day against Iran, then his Treasury Secretary stood at a podium and declined to pull the trigger, saying out loud that he did not want to blow up the global financial system. Trump announced a beef deal to bring your grocery bill down, but there is no executive order, no named suppliers, and the window closes days after you vote. The Supreme Court handed him a win on mail ballots without ever ruling on whether the order is legal. Mark Zuckerberg published a manifesto about how communities benefit from data centers, and two days later, in the exact parish he named, regulators voted to keep his numbers sealed.Tonight we go looking for the paperwork.Full Follow the Money segment on the ballroom and the nuclear bunker already sitting under the White House, the Wall Street Journal reporting on Live Nation and the Kennedy Center, the Trump Organization filing trademarks on flight suits and shuttle buses, and the Taylor Farms donation timeline. Then Research on a Dime on what the finished primary season actually proved, including Darline Graham winning South Carolina by four points after a full Trump recruitment effort. Breakdown in the Public asks who is even allowed to know what your town agreed to.Political Solutions Without Political Bias.CHAPTERS00:00:00 Pre-Show00:11:19 Cold Open: Everybody Announced Something, Nobody Showed the Paperwork00:14:40 Hasan Piker, Gavin Newsom, and Where Democrats Are Actually Focused00:21:13 Follow the Money: This Week in Trump Corruption00:21:32 The Ballroom and the Nuclear Bunker Already Under the White House00:26:22 Live Nation, the Kennedy Center, and the Oval Office Meeting00:31:10 Airport Trademarks: Flight Suits, Shuttle Buses, and DJT00:38:06 Taylor Farms, a Million Dollar Donation, and a 30 Month FDA Delay00:40:48 Eric Swalwell vs Max Miller: Who Actually Gets Investigated00:49:01 Nuanced News: SCOTUS Let the Mail Ballot Order Move Without Ruling It Legal00:57:53 Iran: The Economic D-Day That Never Fired01:06:40 40 Trillion in Debt and 50 Percent Tariffs on Canada01:12:14 Trump's Beef Deal Has No Signed Order and Expires After the Election01:15:55 Quick Hits: Vaccine Order, Maxwell, TikTok, Meta, MAHA, ARIA, Alex Jones01:20:48 Research on a Dime: What the Primary Season Actually Proved01:22:25 Darline Graham Wins South Carolina by Four Points01:25:28 Oklahoma Nominates a Democratic Socialist for Senate01:26:50 The Florida Turnout Number Nobody Covered01:28:51 Buttigieg in South Carolina and the 2028 Opening01:29:27 Breakdown in the Public: Who Is Allowed to See the Terms01:30:16 Data Centers: Hochul, Abbott, Shapiro, and the NDA Fight01:36:00 Meta, Richland Parish, and the Numbers Louisiana Sealed01:40:54 Inclusionary Zoning: Does It Actually Build Housing01:45:43 Good News01:46:52 The First Drug That Treats the Cause of Narcolepsy01:48:10 Oregon's Psilocybin Data: 346 People, 24 Service Centers01:49:58 The First mRNA Cancer Vaccine to Clear a Phase 3 Trial01:53:30 Closing ThoughtsRESOURCES AND RECOMMENDATIONSPODCAST NETWORKPodcast Website: https://www.purplepoliticalbreakdown.comALIVE Podcast Network: Check out the ALIVE Network where you can catch a lot of great podcasts like my own, led by amazing Black voices. https://alivepodcastnetwork.com/JOIN THE CONVERSATIONReddit: https://www.reddit.com/r/policysolutions/Discord: https://discord.gg/ptPAsZtHC9Substack: https://open.substack.com/pub/purplepoliticalbreakdownAll Links: https://linktr.ee/purplepoliticalbreakdownTHIS WEEK'S RECOMMENDED ORGANIZATIONSUnfuck America Tour and National Ground Game: Grassroots organizing and direct action across the country. https://www.nationalgroundgame.com/CIVICS App: Know more about your politicians, their voting records, and who funds them. https://www.civicpolitics.comHeadOn: A platform for contentious yet productive conversations, hosted and unguided, with AI features to sharpen the exchange. https://app.headon.ai/The Purple Political Breakdown is committed to fostering productive political dialogue that transcends partisan divides. Subscribe, rate, and share if you believe in purple politics, where we find common ground in the middle.

Today we had the pleasure of hosting Erin Price-Wright, General Partner in American Dynamism at Andreessen Horowitz (a16z). Erin joined a16z from Index Ventures in 2024, where she was a Partner focused on software infrastructure and applied AI. She previously served as Head of Product for Palantir's data analytics and machine learning program. The American Dynamism practice invests in founders and companies that support the national interest spanning aerospace, defense, public safety, education, housing, supply chain, industrials, and manufacturing. We were thrilled to hear Erin's perspective on the rapidly evolving intersection of AI, energy, and industrial technology. In our conversation, Erin shares the story behind a16z's American Dynamism practice and its early investments in companies including SpaceX, Anduril, Applied Intuition, Shield AI, and Skydio. She discusses how the firm's conviction in the space developed well before the recent surge of interest in industrial technology. We explore the convergence of AI, supply chain vulnerabilities, geopolitical pressures, reindustrialization, and skilled labor shortages, which Erin believes are creating the conditions for the “next great American industrial build-out.” We discuss physical AI and robotics, the potential to automate dangerous, expensive, and labor-intensive activities across energy and industrial operations, the challenges of deploying physical AI, and the importance of taking a practical approach to automation by starting with specific activities where the economics make sense and expanding from there. We touch on why venture capital is returning to energy and industrial technology, China's advantage in deployment versus the U.S.'s strength in experimentation and entrepreneurship, and the importance of permitting and regulatory certainty. We also examine data centers and the broader question of whether America wants to build, Erin's thoughts for energy and industrial leaders looking to accelerate innovation within their organizations, and much more. Special thanks to Erin for joining! We look forward to partnering with a16z on our upcoming Energy & Industrial Technology Showcase in Houston on September 10. Mike Bradley kicked off the discussion by noting that the 10-year U.S. Treasury yield was trading at ~4.65%, down ~10bps on the week but still near its highest level of the year. Bond investors are focused on the ongoing Canada tariff dispute, Wednesday's Core PCE inflation report, and Chairman Warsh's Jackson Hole speech on Friday. Major equity indices finished lower last week but are modestly higher this week, with attention now centered on NVIDIA's second-quarter earnings report Wednesday and its 6- to 12-month capital spending outlook. Turning to energy markets, Mike highlighted that WTI crude oil had declined ~$5/bbl this week to ~$82/bbl following the Treasury Secretary's announcement of “Operation Economic Outcast,” aimed at increasing economic pressure on Iran. EU natural gas prices rose another ~$1/MMBtu to ~$23/MMBtu, with storage levels remaining a concern ahead of winter. The energy sector was modestly lower this week but remains up ~5% month-to-date, led by refiners (+~12%). In power, electric utilities are down ~5% month-to-date, while IPPs, large-scale generators, and distributed generation providers are down ~10%–15% on average, largely reflecting higher interest rates and growing state-level opposition to data center development.

Scott Bessent wants lower borrowing costs but the bond market has other ideas. Host Carmel Crimmins unpacks the Treasury Secretary's plans for a "Treasury twist" and the battle over U.S. interest rates. Sign up for the ⁠⁠⁠⁠⁠⁠⁠⁠⁠Reuters Econ World ⁠⁠⁠newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Catch Reuters Morning Bid ⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠ For information on our privacy and data protection practices visit the Thomson Reuters Privacy Statement. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

This week we staged an intervention for Scott Bessent—the failed hedge fund manager who lost 90% of his assets during the greatest bull run in history and is now the most interventionist Treasury Secretary in decades, scoring own goals in the bond market, undermining the new Fed chair, and threatening Iran with sanctions while refusing to answer a single question about China. Then we checked in on the Trump family stablecoin, which has quietly doubled in market cap. It’s a reminder that the most corrupt president in American history is building the most powerful personal wealth machine in the world, and Congress is about to hand him the legislation to run it. Chapters Intro: 00:00:38 Quick Takes: 00:01:28 Max Notes: 00:10:28 Killer Left Take of the Week: 00:21:28 Chart of the Week: 00:23:05 Outro: 00:24:19 Resources Jimmy Carter Presidential Library: Economic Sanctions of Iran Associated Press: Bush Prods Allies for Tougher Stance on Iran American Rhetoric: Barack Obama - On United Nations Sanctions Against Iran C-SPAN: President Trump announces sanctions on Iranian National Bank Bloomberg Podcasts: US to End Dollar Access to Those Laundering Iran Money Says Bessent The New York Times: Jeffries and Kushner Meet Privately as Midterm Attacks Fly The New York Times: Court Allows Trump to Pursue Mail Voting Limits, for Now Politico: Trump votes by mail again in his home state of Florida Financial Times: Natalie Harp, the devoted ‘human printer’ in Trump’s entourage PBS NewsHour: The potential economic fallout of Trump’s trade war with Canada Charles Booker for U.S. Senate Daily Kos: Sean Duffy afraid Harvard will ‘corrupt’ daughter’s brain Mother Jones: It Just Got Way Easier to Sue Fossil Fuel Companies Over Climate Change Bloomberg: Bessent Becomes Most Interventionist Treasury Chief in Decades Fortune: Scott Bessent is using moves from his hedge fund days to prop up Japan’s yen—and America’s $40 trillion national debt The New York Times: He Helped ‘Break’ the Bank of England. Now He May Run the U.S. Treasury. The Bulwark: How Trump’s Treasury Secretary Crashed His Own Hedge Fund (w/ Marshall Brandt) Bloomberg: Will Bessent’s Old Trump Jokes Make His Treasury Job Tricky? Bloomberg: Bessent Is Stealing a Playbook He Didn’t Even Like AlterNet: Trump Treasury secretary torn apart for leaving out ‘to-do’ list ‘on-purpose’ Reuters: US will do ‘whatever it takes’ to support Japan after yen intervention, Bessent says CNBC: Bessent’s efforts in the Treasury market so far haven’t worked. Here’s what else he can try The Hill: Federal Reserve shifts away from forward guidance under new chief Kevin Warsh Politico: Bessent’s ‘economic D-Day’ against Iran begins with a ‘warning shot’ Straight White American Jesus: Christian Nationalists and Tech Lords: Derek Chauvin Should Go Free & George Floyd Wasn’t Murdered Reuters: Trump’s stablecoin chosen for $2 billion Abu Dhabi investment in Binance, co-founder says CoinGecko: USD1 UNFTR Resources Video: On The Record 08-25-26 (Scott Bessent is a Loser Who Wants to be President.) Essay: President Scott Bessent. -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com. Become a member at unftr.com/memberships. Buy yourself some Unf*cking Coffee at shop.unftr.com. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibilitySupport the show: https://www.unftr.com/membershipsSee omnystudio.com/listener for privacy information.

Plus: the Securities and Exchange Commission is investigating AI-focused hedge fund Situational Awareness. And an oil tanker in the Strait of Hormuz was struck overnight. Pierre Bienaimé hosts. Sign up for WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Plus: Nvidia shares jumped, snapping a recent losing streak. And Dick's Sporting Goods stock has its worst day on record after cutting parts of its outlook. Imani Moise hosts. Sign up for WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Scott Bessent's attempt to ringfence Iran financially and economically will test the United States' ability to impose its will and Iran's capability to puncture the Treasury Secretary's proposed iron wall. Mr. Bessent's effort will also test the Trump administration's belief that economic pressure and hardship will spark a popular revolt in Iran that would topple the Iranian regime. With almost five decades of expanding sanctions on Iran that have failed to force Iran to submit to American demands, Mr. Bessent is focusing this time on Iran's trading partners in a bid to cut off Iranian escape routes and circumvention. It's early days, and the jury is still out, but initial indications suggest that Mr. Bessent's campaign of “economic asphyxiation” may produce mixed results, at best.

The episode delves into the recent developments in the conflict with Iran, with the Treasury Secretary's announcement of a new economic offensive against the country. Larry discusses the implications of this move and how it may impact the region. Additionally, the conversation touches on the recent trade tensions with Canada, with the President imposing new tariffs on the country. Larry shares his thoughts on the potential consequences of this move and how it may affect the economy. The episode also explores the complexities of identity and free speech, with a discussion on the recent controversy surrounding a WNBA player who expressed her views on the definition of a woman. Larry shares his thoughts on the importance of respecting individual perspectives and the need for open and honest dialogue. The conversation touches on the topic of mental health, with a discussion on the recent case of a woman who was accused of murdering her children and claimed to have been suffering from postpartum depression.Become a Townhall VIP member with promo code "LARRY": https://townhall.com/subscribeSee omnystudio.com/listener for privacy information.

**Fat Marmots and Fiscally Sick Countries** This episode is a wild ride, folks! We've got a burrito that's been sitting on the desk for four days, and Ross is determined to see if it's still edible. But that's not all - we're also diving into the world of economics, discussing the US's massive debt and the implications of the Treasury Secretary's recent announcement. And if that's not enough, we're talking about the Iran war, the Middle East, and the politics of data centers. Buckle up, folks! This episode is a masterclass in navigating complex topics, from the intricacies of the US economy to the geopolitics of the Middle East. Ross is joined by a special guest, Danielle Pletka, a Senior Fellow in Foreign and Defense Policy Studies at the American Enterprise Institute. Together, they tackle the tough questions surrounding the Iran war and the US's role in the region. Meanwhile, Ross shares his thoughts on the US's massive debt and the implications of the Treasury Secretary's recent announcement. And, of course, we can't forget about the burrito - will it be safe to eat, or will it end up exploded on the floor? One of the key takeaways from this episode is the importance of clear communication in politics. Ross discuss how the US's lack of clear goals and messaging has led to confusion and uncertainty in the public. They also touch on the issue of data centers, which is becoming a hot topic in the world of politics. And, in a surprising twist, Ross reveals his thoughts on the best way to eat a burrito - or not eat it, depending on the circumstances! So, if you're ready to dive into the world of economics, geopolitics, and burritos, this episode is for you. Join us as we explore the complexities of the US economy, the Middle East, and the importance of clear communication in politics. Don't miss out on this engaging and informative episode - tune in now!See omnystudio.com/listener for privacy information.

This week on Face the Nation, new warning signs for the U.S. economy and mounting higher costs for American families. As Washington prepares for race cars to speed down its streets today, many Americans are focused on a different pace, the struggle to keep up with the rising cost of living and a growing sense of economic uncertainty. The country's debt reached unprecedented levels last week and president Trump's Treasury Secretary intervened to lower borrowing costs. And a new trade war this weekend with neighboring Canada with the U.S. threatening to raise tariffs on everything from building materials to dairy and paper.Will prices be pushed even higher? We'll discuss the outlook for the economy with Minneapolis Federal Reserve President Neel Kashkari.Then, another growing concern for Americans: the skyrocketing cost of health care. We'll hear from the administrator of Medicare and Medicaid, Doctor Mehmet Oz. Former FDA Commissioner Doctor Scott Gottlieb will also join us to discuss the growing list of food recalls and outbreaks as President Trump makes a new pick to lead the Food and Drug Administration.Finally, Florida Congressman Byron Donalds, fresh off his win in the GOP gubernatorial primary, will join us to discuss his vision for the Sunshine State. And we'll ask Democratic Congressman Seth Moulton of Massachusetts about his push to oust a senator from his own party.It's all just ahead on Face the Nation.

Friends,Today Heather and I take a deep dive into the wacko views and decisions of Trump's treasury secretary, Scott Bessent — whose attempts to reduce long-term interest rates before the midterm elections have failed miserably, who believes that inequality is not widening in the United States, and who's been opening the I.R.S. to Trump's bonkers vindictiveness. (Oh, and he's also been attacking me with colossally vapid ad hominem arguments.)So please pull up a chair, grab a cuppa, and join in the conversation.RR This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit robertreich.substack.com/subscribe

In this deep dive, Zaid breaks down the surge in Treasury yields, the Treasury Secretary's failed attempt to stop it, and the three forces driving borrowing costs higher: inflation, a $40 trillion national debt, and Big Tech's AI borrowing boom. Then he shares his take on what the 5% world means for stocks, housing, and the next decade of investing.

Chris Temple, Editor and Publisher of the National Investor, joins us to review the macroeconomic trends that are moving the markets, and his outlook on gold, silver, copper, critical minerals, oil, and the related resource equities.   We start off discussing recent fiscal and monetary policy in the US and abroad.  Treasury Secretary, Scott Bessent, recently intervened in the Japanese Yen, but it was largely ineffectual, as was the fiscal policy to try and control the long-end of the yield curve. Both initiatives were quickly reversed by the bond vigilantes. New Fed head, Kevin Warsh has lost some of his political capital by failing to hike rates, as inflation has crept higher, and the tone in the market is shifting slightly from shrugging all this off, to considering the challenges ahead. Chris outlines that while the Fed maintains it is an independent organization, there is going to be increased coordination and alliance between the US Treasury Department and theUS central bank.   Shifting over to commodities, we discuss the strong rally throughout the month of August in gold, silver, and precious metals equities in response to those macro forces. Chris had warned subscribers earlier in the year that things had become overbought and gotten ahead of themselves and to fade that rally, anticipating a medium-term sector pullback. He pointed out the corrective move in the PM sector, was then exacerbated by the war in Iran, when many felt that would be a bullish driver for gold and silver. One positive he highlights is that now gold and silver have started to ignore the higher interest rates and war, and focus more on the sovereign debt loads of nations around the world that are running out of options, desperate to stem the selling of bonds, and likely going to try and inflate their way out of the stagflation.   Next we shifted over to trends within copper, and the broad basket of Critical Minerals, where Chris makes the point that one can't paint them all with a broad brush, as some have unique fundamental or macro drivers. With regards to copper, he outlines that beyond the AI data center build out mania, EVs, and many popular narratives, that copper is still mostly needed for basic infrastructure build out, real estate construction, and the electrification of the developing world. Chris flags a few copper companies, preferring the opportunities in the advanced explorers and developers like Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF), Abitibi Metals Corp.(CSE: AMQ) (OTCQB: AMQFF), and Power Metallic Mines Inc. (TSXV: PNPN) (OTCBB: PNPNF) As far as the smaller niche' critical minerals sector, he reiterates that a lot of the reality is still around Chinese export controls, and the lack of viable alternatives for supply and processing in the west. We discuss this administration's policy initiatives, executive orders, and funding support to help advance some domestic projects. While he concedes this is the best tailwind for extractive industries in our lifetime, he also points out that it is not nearly enough money, support, or urgency, and much of what has been announced may very well get reversed if there are sweeping changes in congress for the upcoming mid-term elections.   Wrapping up, we get into the ongoing war with Iran, continued chokepoint in the Strait of Hormuz, longer-term damage to infrastructure, and what it all means to the energy sector. Chris explains what has kept the oil prices more subdued than many would have anticipated considering the supply shock hitting the world, but the highlights the very wide crack spreads between oil and refined products like diesel. The higher prices at the gas pumps, and record diesel prices are going to pressure consumers and businesses as this year progresses, and that inflation is going to impact Fed monetary policy and interest rates in a sustained way. Chris remains animated by the energy stocks and is holding on to them in his portfolio.      Click here to follow along with Chris at the National Investor website.     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.    

Tonight on The Last Word: The USS Lincoln begins its journey home after a record deployment. Also, Democrats are investigating Jared Kushner's Middle East business ties. Plus, the Trump Justice Department was warned of the Reflecting Pool's peeling liner in June. And the data center debate hits the Wisconsin governor's race. Rep. Jason Crow, Rep. Robert Garcia, Andrew Weissmann, and David Crowley join Lawrence O'Donnell. To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  Scott Bessent says weak jobs numbers are “noisy,” the bond market is mispricing Treasuries, and America can grow its way out of $40 trillion in debt. Chris breaks down the Treasury Secretary's claims—and why Wall Street may have reason to worry.

Treasury Secretary Scott Bessent joins exclusively to speak about the Treasury's bond market intervention this week, the deficit, the war with Iran and much more. Then, St. Louis Fed President Alberto Musalem joins exclusively to discuss his outlook for Fed rate policy and inflation. Plus, Morgan Stanley Head of Global Real Assets Lauren Hochfelder shares where she sees investment opportunity right now. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Bitcoin ran about 12% in 24 hours, from roughly $66,000 to $72,000, and the show opens on it. Parker spends the hour on what produced it rather than the number itself: the long end of the Treasury curve is behaving in a way the Treasury cannot fix. ⭐ The catalyst nobody led with: the Treasury announced a $4 billion buyback of long bonds. The 10-year yield sat at 4.68% at the announcement and fell to 4.63%, then within 24 hours went to 4.71%, above where it was before the intervention. Parker's read: the announcement "signaled a fear that everyone has of what's happening with the long end of the U.S. Treasury curve, and that the Treasury can't really do anything about it." His verdict on the scale mismatch: for "an entity that is 40 trillion in debt," shifting things around with buybacks "doesn't really move the needle," and "the only one entity that can move the needle is the Fed by introducing more reserves into the system." His summary of the week: "it's clear that things are breaking." ⭐⭐ On Hank Paulson's "break the glass" comment, which Parker treats as the signal of the year. Paulson, Treasury Secretary during the 2008 crisis, said earlier this year that the US needs a break-the-glass plan, referring to a point where authorities lose control of credit markets because of system leverage. Parker's translation: "we need a plan right now for when we lose total control," and Paulson said it because it is inevitable. Why he thinks the playbook is running out: in 2008 they "put the genie back in the bottle" by printing digitally, and did the same in 2020. "There's only so many times you can do that where the market learns and no longer buys it." He finds it hard to envision more than two more. ⭐ What "regime change" actually means to him, and it is about a generation of investors: the Bank of Japan held rates at zero as long as the Fed did, and once rates break above anything seen in twenty years, "you have a whole class of investor that had been conditioned to the Fed put." The 30-year JGB and the 30-year Treasury doing this simultaneously is, in his words, a signal that the zero-bound belief is dead. His position on long-duration bonds is absolute: anybody lending dollars for thirty years, or perpetually, at 5% or any rate is taking a negative real return, "and what that ultimately means is that it's uninvestable." People can trade around the Fed put; the question is whether anyone still believes it is there. ⭐⭐ Asked about the two strongest objections to Bitcoin as a medium of exchange, Gresham's law and taxes, he reframes both as the same mistake. "It's not really a spending bitcoin dilemma, it's a save versus spend" question, because if you were going to spend fiat you could have chosen to save in Bitcoin instead. "We all need to consume. We all have needs and wants and both are valid." The part that makes the argument concrete: if 1% of your savings is in Bitcoin and 99% is in fiat, then of course spending the fiat is more logical. The calculus only inverts once Bitcoin is the majority of your savings, which he argues happens naturally the longer someone saves in it. Same answer on capital gains: if fiat has been destroyed over that period, the good is not actually more expensive. ⭐ On the ribeye index, and his methodology is the useful part. Same cut, same store, same city, $19.99 in 2020 to $37.99 today, and he keeps it partly "to troll the fiat maximalists" who object that it must be dry-aged. His advice to anyone: track a thing you actually consume, at the same location, and pick items requiring the least refinement, an uncooked ribeye, an egg, a piece of chicken, because those are commoditized units that require proof of work to reach market. He no longer buys that ribeye. He now buys beef directly from his rancher and pays in Bitcoin, which is the payments thesis showing up in his own grocery habits. ⭐ Suze asks the hardest question of the show: if most people access Bitcoin through ETFs, custodians, exchanges and payment companies, do we risk recreating a financial system where the protocol is decentralized but the practical points of access are highly centralized? She notes she is "becoming increasingly concerned with the direction of travel." Parker's answer concedes ground and then reframes. He used to think it did not matter so long as the base layer stayed decentralized, but he now says "we never know how sufficiently secure Bitcoin is and how sufficiently decentralized it is until a direct threat is identified," so subsets of people must keep hardening it. His reason for optimism is friction: Bitcoin used in direct commerce is "water moving downhill," because it is the path of least friction for trade. On the Coldcard incident, which he raises unprompted: "I feel terribly for the people that were impacted, it's a wake-up call for everybody," and he connects it to the broader point that every custody route, ETF, exchange or otherwise, carries a form of counterparty risk that has to be understood rather than assumed away. Cory joins from the Swan handle for about twenty minutes on the price action, and notes there simply were not many sellers left at $60,000.

Many Americans fear that America's economy may be surpassed by China's and that China's use of AI may affect the future of the world's job market and economy. Today, Paul brings an interview with Hank Paulson, former Treasury secretary, about both topics that sheds light on the country and some of the more nuanced issues that the media doesn't always cover.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser. 

In July 2026, the US Treasury did something it hadn't done since 1998: it intervened in the currency markets to prop up the Japanese yen — and Treasury Secretary Scott Bessent, a former Soros hedge fund manager, ran the trade in the strangest way possible, selling euros instead of dollars without telling the ECB. But this was never really about Japan. It was about protecting American borrowing costs at a moment when the US is paying more to borrow than it has in decades — with 30-year Treasury yields hitting their highest since 2001. This video breaks down the US-Japan yen intervention, the carry trade, the FIMA facility, and Bessent's huge bet on falling interest rates, and asks the real question underneath it all: is the Treasury Secretary a visionary macro trader, or a cornered man making an enormous gamble with the balance sheet of the United States? A look at currency intervention, the eroding "exorbitant privilege" of the dollar, and why America's cheap borrowing may be coming to an end.Patrick's Books:Statistics For The Trading Floor: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/3eerLA0⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Derivatives For The Trading Floor: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://amzn.to/3cjsyPF⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Corporate Finance: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/3fn3rvC ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ways To Support The Channel:Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/PatrickBoyleOnFinance⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle

Cory's argument about narratives. Journalists and bankers keep asking what the catalyst will be, but narrative follows price rather than causing it. Something moves because sellers are exhausted, and the reason gets fitted afterward. The only narrative that matters is Bitcoin being better money for eight billion people. Larry Lepard on what actually moved. The debasement trade began in earnest last year, and it showed up first in gold and silver rather than Bitcoin because those are more widely understood. Silver quadrupling is the kind of thing that has essentially never happened before. Japan is the seminal event. With Japan holding roughly $1.2 trillion in Treasuries, the US offered swap lines and rotated euro reserves into yen. What shook the gold market was the Treasury Secretary suggesting the existing facility should be larger. As Larry put it, a swap line is printing money, full stop. A guest correcting his own AI. Larry noted the press had the facility's usage wrong and that AI had misled him too, so he went and read the Fed's own statements to establish it had not actually been drawn on. Worth noting as a method, not just a detail. The 1992 parallel, corrected live. It was Warsh, not Bessent, who worked for Soros attacking the Bank of England. Thirty-four years later he is on the other side of that trade, in the Bank of England's role. Larry's thesis for the year is the unmasking of Warsh as a hawk, because the math will not let him be one. The Fed has exactly two tools. It can mislead about inflation, and it can print. Larry's read is that we are currently in the first phase and last week signalled a move toward the second. He also explained yield curve control as what governments do when the bond market stops cooperating, with the post-war precedent as the template. His own record is the caveat he volunteers. He expected massive inflation out of 2008 and a cascade from Silicon Valley Bank, and was wrong both times. The people running the system are good at kicking the can, so the honest position is direction with no date. The two-tier system he expects. The dollar remains the unit everyone transacts in, gold displaces Treasuries as the reserve asset, and Bitcoin sits alongside before eventually supplanting gold over years, not days. It is already visible in oil sold for yuan and immediately swapped into physical gold. Greg Foss on where trouble announces itself. Every recent crisis began in credit rather than equities, and private credit is where he is watching now. His trader's version: equity investors ask how much they can make, credit investors ask how much they can lose. Credit is the first smoke in the theatre. And his structural objection about treasury companies. He takes issue with perpetual preferred shares being described as credit, because a perpetual has no maturity and no principal repayment, so its running yield cannot be compared to a bond's yield to maturity. Retiring that stack at scale would mean selling Bitcoin, which was never the strategy.

The right is having a dramatic split over the question of burrito prices: What is the proper response when young people complain that their Mexican carb bombs are too expensive? Treasury Sec. Scott Bessent points out the many wins Trump economic policies will bring for young people in the medium and long run. Nate Friedman warns against Islamization of America and Hillsdale econ professor Charles Steele makes the case for capitalism. Watch every episode ad-free on members.charliekirk.com! Get new merch at charliekirkstore.com!Support the show: http://www.charliekirk.com/supportSee omnystudio.com/listener for privacy information.

A.M. Edition for Aug. 6. In a departure from recent precedent, President Trump has called Kevin Warsh repeatedly since he was appointed as Fed chairman, including to seek counsel on how AI and the Iran war are affecting the economy. Plus, airlines are pushing back against federal authorities intensifying immigration enforcement at U.S. airports, including near gates and ticket counters. And the Senate confirms Dr. Erica Schwartz as director of the Centers for Disease Control and Prevention, after a bipartisan grilling on how she would navigate vaccine policy under Robert F. Kennedy Jr. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The right is having a dramatic split over the question of burrito prices: What is the proper response when young people complain that their Mexican carb bombs are too expensive? Treasury Sec. Scott Bessent points out the many wins Trump economic policies will bring for young people in the medium and long run. Nate Friedman warns against Islamization of America and Hillsdale econ professor Charles Steele makes the case for capitalism. Watch every episode ad-free on members.charliekirk.com! Get new merch at charliekirkstore.com!Support the show: http://www.charliekirk.com/supportSee omnystudio.com/listener for privacy information.

We sit down for an exclusive interview with Treasury Secretary Scott Bessent. We discuss the economy, a new tax credit, tariffs and his tour with House Speaker Mike Johnson and Rep. Juan Ciscomani.

Episode 5566: One On One With treasury Secretary Scott Bessent

Plus: SpaceX releases first-ever quarterly financial report. And Palantir shares surge after the software company reported stronger-than-expected earnings. Imani Moise hosts. Sign up for WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Meet my friends, Clay Travis and Buck Sexton! If you love Verdict, the Clay Travis and Buck Sexton Show might also be in your audio wheelhouse. Politics, news analysis, and some pop culture and comedy thrown in too. Here’s a sample episode recapping four takeaways. Give the guys a listen and then follow and subscribe wherever you get your podcasts. Clay Travis and Buck Sexton talk about how the Democratic Party is experiencing a demographic and ideological divide. They argued that the party’s most vocal socialist activists are disproportionately white, college-educated, and affluent, while many Black and Hispanic voters hold more practical and transactional political priorities centered on issues such as healthcare, affordability, public safety, and economic opportunity. The discussion explored whether the far left is merely influencing the party or has become an increasingly mainstream force within Democratic politics. The hosts tied this debate to broader national issues including immigration policy, open borders, Israel, transgender politics, and the rise of democratic socialism. They also briefly noted Arizona’s primary election and discussed its significance in the national political landscape, particularly regarding the future of Governor Katie Hobbs. Clay and Buck devoted considerable attention to the potential safety benefits of autonomous driving technology. They discussed the approximately 40,000 annual traffic fatalities in the United States and suggested that self-driving systems could dramatically reduce accidents caused by human error, particularly among young drivers. The hosts compared the coming transportation revolution to the transition from horses to automobiles in the early twentieth century, arguing that autonomous vehicles could become one of the most transformative technological developments of modern times. They also discussed how self-driving technology could eventually reduce teenage driving fatalities, improve traffic flow, lower insurance costs, and improve overall road safety. The conversation then expanded into a broader discussion about why Democrats lost recent elections and who may lead the party in the future. Clay argued that today’s Democratic Party has moved substantially leftward compared to the Democratic Party of Bill Clinton, Al Gore, or even Barack Obama. The hosts suggested that Democratic leaders continue to misdiagnose voter dissatisfaction by blaming messaging failures instead of addressing policy positions that many voters reject. They debated possible future Democratic presidential contenders, including Kamala Harris, Alexandria Ocasio-Cortez, and Kentucky Governor Andy Beshear, while emphasizing that they see the Democratic leadership vacuum as one of the most intriguing political stories heading toward the next presidential election cycle. An extensive interview with Treasury Secretary Scott Bessent, who discussed a number of major economic and policy initiatives. Bessent highlighted the administration’s “Trump Accounts” program, which provides investment opportunities for young Americans and newborn children. He explained how government-seeded investment accounts, combined with family contributions and private-sector philanthropy, could potentially grow into significant financial assets over time. The discussion focused on wealth building, financial literacy, investment growth, family savings strategies, and long-term economic opportunity for American children. Bessent also provided an update on the U.S. economy, discussing inflation, energy prices, tax relief measures, and working-family economic policies. He argued that inflation pressures caused during the Biden administration continue to affect household budgets but maintained that underlying economic conditions remain strong. He highlighted tax policies including no taxes on tips, no taxes on overtime pay, Social Security tax relief, and deductions tied to American-made vehicles. The secretary emphasized that many of these benefits are targeted toward middle-class and working-class Americans. Foreign policy and national security were another major theme of the interview. Bessent discussed efforts to track, freeze, and recover assets connected to Iran’s ruling regime and the Islamic Revolutionary Guard Corps. He described ongoing investigations into Iranian financial networks, frozen cryptocurrency wallets, luxury properties, and what he characterized as widespread corruption among Iranian leadership. The secretary argued that economic sanctions and financial pressure complement military actions against Iran and are designed to weaken the regime while preserving assets for the Iranian people. The conversation also touched on government efficiency, fraud prevention, and taxpayer protection. Bessent explained how enhanced coordination between federal payment systems and anti-fraud databases has helped the Treasury Department identify and block payments being sent to individuals who were deceased. He described efforts to modernize federal systems and reduce waste, fraud, and abuse in government spending programs, claiming that hundreds of millions of dollars in improper payments could ultimately be prevented. South Carolina politics briefly entered the discussion when Clay asked Bessent about the late Senator Lindsey Graham and speculation surrounding Graham’s sister as a potential candidate. Bessent praised Graham’s service, commented on the competitive Republican primary developing in South Carolina, and reiterated that he intends to remain focused on his current role as Treasury Secretary rather than pursuing elected office. The interview concluded with a lighthearted exchange about President Donald Trump’s late-night phone calls and work habits. Make sure you never miss a second of the show by subscribing to the Clay Travis & Buck Sexton show podcast wherever you get your podcasts! ihr.fm/3InlkL8 For the latest updates from Clay and Buck: https://www.clayandbuck.com/ Connect with Clay Travis and Buck Sexton on Social Media: X - https://x.com/clayandbuck FB - https://www.facebook.com/ClayandBuck/ IG - https://www.instagram.com/clayandbuck/ YouTube - https://www.youtube.com/c/clayandbuck Rumble - https://rumble.com/c/ClayandBuck TikTok - https://www.tiktok.com/@clayandbuck YouTube: https://www.youtube.com/@VerdictwithTedCruzSee omnystudio.com/listener for privacy information.

Pay Attention! What the Treasury Secretary Says About the Future of Gold by Ron Paul Liberty Report

Warsh set up 5 task forces to study inflation. You only study a problem when you don't want to solve it. Same game, new players.This episode is sponsored by InvestingPRO. Get 55% off + an EXTRA 15% off with my code PETERSCHIFF at checkout! Sign up: https://www.investing-referral.com/peterschiff/This episode is also sponsored by Ethos. Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/gold. Application times may vary. Rates may vary.Kevin Warsh's first FOMC meeting delivered a hawkish surprise — rates held at 3.5-3.75% unanimously, forward guidance was eliminated, and dot plots now project two rate hikes by year-end. But Peter Schiff argues it's all theater. Instead of actually fighting inflation, Warsh announced five new task forces to "study" the Fed's balance sheet, communications, data sources, jobs, and inflation itself — the classic government move of establishing committees to avoid solving problems.Warsh acknowledged inflation is a choice, and Schiff agrees — the Fed has chosen inflation over the alternative of crashing markets and forcing fiscal responsibility since the Greenspan era. The question is whether Warsh will break that tradition when push comes to shove. Schiff says no: Trump won't tolerate a bear market, the Treasury Secretary is having weekly breakfasts with the Fed Chair, and the political pressure to print will overwhelm any hawkish posturing. Meanwhile, Strategy's death spiral accelerated with Stretch falling to $89 — wiping out the entire annual yield in one month — while Saylor continues diluting common shareholders to fund dividends he can't sustain. SpaceX soared past $3 trillion on a 4% float, sucking speculative capital away from crypto and accelerating Bitcoin's decline to $64,000.Chapters:00:00 Warsh Shocks Markets00:45 Rates Hold Steady01:26 Trump Versus Powell03:42 Shortest Fed Statement06:01 Ample Reserves Contradiction07:13 Five Task Forces Announced32:18 Term Insurance Not Investing33:40 Fed Task Forces Skepticism39:56 Inflation Tax And Politics44:37 SpaceX IPO Mania47:23 Bitcoin Strategy Death Spiral55:37 Gold Silver Buy The Dip56:29 Same Fed Same Game Wrap Up58:29 Closing And Follow MeFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff#PeterSchiffShow #FederalReserve #FOMCOur Sponsors:* Check out Chilipad and use my code sleep.me/GOLD for a great deal: https://sleep.me* Check out DBJourney and use my code Schiff15 for a great deal: https://dbjourney.com* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai* Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

A federal judge has indefinitely blocked the $1.776B slush fund and has given Todd Blanche and the Treasury Secretary one week to rescind the fund in writing Todd Blanche petitioned the courts to release Epstein grand jury material as a diversion tactic after meeting with White House officials in the Situation Room to discuss how to protect Donald Trump. President Trump has nominated Jay Clayton, a prosecutor in the Southern District of New York, to be the next Director of National Intelligence. Newly released transcripts reveal improprieties during the Broadview Six grand jury proceedings. Plus listener questions. Do you have questions for the pod or something for HITMEINTHEHEADWITHABAT?  Go to HomeServe.com to find the plan that's right for you. Not available everywhere. Most plans range between $4.99 to $11.99 a month your first year. Terms apply on covered repairs. Check out other MSW Media podcastshttps://mswmedia.com/shows/ Follow AGMueller, She Wrote SubstackMueller She Wrote on Blueskyhttps://twitter.com/MuellerSheWrotehttps://twitter.com/dailybeanspodMore from Andrew McCabeThe Real McCabe on Substack@therealmccabe.com on BlueskyThe Threat: How the FBI Protects America in the Age of Terror and Trump This Show is Available Ad-Free And Early For Patreon and Supercast Supporters at https://patreon.com/thedailybeansOr when you Subscribe on Apple Podcastshttps://apple.co/3YNpW3P Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.