Podcasts about us treasury

Government borrowing costs are rising sharply around the world, led by a sell-off in US government bonds. The yield on the benchmark 10-year US Treasury has climbed above 5.3%, its highest in more than two decades. Also, a US judge has cleared the way for Paramount's $110 billion takeover of Warner Bros. Discovery. Manchester City's main sponsor, Etihad Airways, is considering legal action against the Premier League. And in Japan, consumption of its national drink, Sake, has fallen to around a third of its 1970s peak, as tastes have shifted towards drinks including beer, wine and whisky. Presenter: Bisi Adebayo Producer: Guy Kilty Editor: Justin Bones

Market news for October 1 2026: US Treasury yields surged to multi-decade highs amid soaring energy costs and inflation fears, while Asian tech stocks rallied on strong AI demand. Although falling oil prices provided brief relief, investors remain cautious regarding potential Federal Reserve rate hikes. Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region. Written by: Howie Lim (howielim@sph.com.sg) Produced and edited by: Chai Pei Chieh & Claressa Monteiro Produced by: BT Podcasts, The Business Times, SPH Media Produced with AI text-to-speech capabilities --- Follow Market Focus Daily and rate us on: Channel: bt.sg/btmktfocus Amazon: bt.sg/mfam Apple Podcasts: bt.sg/mfap Spotify: bt.sg/mfsp YouTube Music: bt.sg/mfyt Website: bt.sg/mktfocus Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Money Hacks at: bt.sg/btmoneyhacks BT Correspondents at: bt.sg/btcobt BT Podcasts at: bt.sg/podcasts BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.

Sep 30, 2026 – The US Treasury is no longer a risk-free asset, and the world's central banks are already acting like it. Jim Puplava sits down with Australian investor and strategist Craig Tindale to unpack his article "Bessent Is the House Now, Gold Is the Tell"...

The US Treasury market - the world's largest government bond market - is worth about $32tn today, making it the largest pile of debt accumulated in history. But its roots lie in medieval Venice, a bloody military disaster and a leader who was forced to raise a loan to fund a war against the Byzantine Empire.What followed was a catastrophe involving pestilence, defeat and the brutal murder of the Doge, or leader, himself on the streets of Venice. But out of this crisis emerges a financial tool that transformed global capitalism: a tradable loan that offered transparency, accountability and formed the foundations of the modern bond market.In a special live recording from New York, Gillian Tett and Robin Wigglesworth dive into the origins of the world's first tradable bond. Plus, why bonds remain the ultimate check on government power today and what 12th-century Venice can teach us about current market turmoil.Further reading: A Fabulous Debt: How Bonds Made the Modern World by Robin WigglesworthTo enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here: https://www.youtube.com/@FTTheStoryOfMoneyHosts: Gillian Tett and Robin WigglesworthSenior Producer: Michela TinderaExecutive Producer: Kate FordVideo Producer: Michael SalibaOriginal music and sound design: Breen TurnerBroadcast engineers: Bianca Wakeman and Petros GioumpasisPodcast development: Laura ClarkeFT Global Head of Audio: Flo PhillipsRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comThe yields on 10-year US treasuries are rising. They've hit their highest level in nearly 20 years.What does that even mean? And more importantly what are the implications? A lot of people are getting their knickers in a twist.And why has gold's promising little rally hit a wall?And what about UK gilts, they've rocketed slap bang in the middle of the Labour Party conference, when they're all promising more spending.Make it make sense.If you live in a third world country such as the UK, I urge you to own gold or silver. The pound will be further devalued, as will the euro and dollar. The bullion dealer I use and recommend is The Pure Gold Company. They deliver to the UK, the US, Canada and Europe. More here.US Treasury yields are not just a US problem. They put upward pressure on the entire developed-world bond market, and the UK is particularly exposed because its own fiscal position is already so precarious.Today, the yield on a US 10-year Treasury is around 5.25%, the UK 10-year gilt hit 5.44% on Monday, its highest level since 2007. At Tuesday's auction, the government paid an average yield of 5.38% to borrow for ten years, the highest yield at a UK 10-year gilt auction since 1999.Even a small increase in the cost of borrowing puts governments in trouble. Where are they going to find the money to pay the interest?They've either got to raise taxes, cut spending, let the deficit grow, pray for growth or all four – and in the case of the UK in time for the Healey budget on October 28.As US rates rise sterling comes under pressure against the dollar – it will no longer be propped up by the relatively high rates we have been offering - hence sterling's recent declines. So we get higher inflation, especially energy, because of increased import costs.Investors around the world need a reason to hold a UK 10-year gilt. Previously the higher rates we were offering were a reason. If a US 10-year Treasury offers, say, 5.25%, why hold gilts and carry the sterling risk without a much higher rate to compensate? The US Treasury market effectively sets a large part of the global opportunity cost of capital.Higher US rates thus put upward pressure on UK interest rates. So debt gets even more expensive. Our fiscal position deteriorates. Higher rates hurt remortgaging, housing affordability, commercial property, corporate borrowing, infrastructure financing, private equity and so on.Another point to note: the UK 10-year gilt is now yielding 5.4%, despite the Bank Rate being only 3.75%. That gap is telling you that the bond market is pricing a considerably higher long-term cost of capital than the overnight policy rate alone would suggest.The really worrying configuration for Britain would be US real yields rising, US inflation expectations rising, sterling falling and UK gilt yields rising faster than Treasuries.How will all this impact Gold and bitcoin?

US-Iran talks and efforts by mediators this week yielded little progress, raising the odds of renewed combat, while Qatar will continue efforts despite growing frustrations with both sides, according to Axios.An Iranian diplomatic source said Iran will only be ready to discuss the nuclear issue after the Strait of Hormuz issue is resolved and Washington lifts the blockade.APAC stocks were ultimately mixed; European equity futures indicate a positive cash market open.DXY took a breather after gaining yesterday; 10yr UST futures edged higher overnight following the prior day's steepening.Crude futures were constrained after sliding yesterday following several downside catalysts; Spot gold was little changed beneath the USD 4,200/oz level.Looking ahead, highlights include German Retail Sales (Aug), French CPI (Sep), German State/National CPI (Sep), Italian CPI (Sep), US PCE Price Index (Aug/Q2), GDP Final (Q2), Atlanta Fed GDP. Speakers include ECB's Elderson & Schnabel, Fed's Barkin, Cook, Goolsbee & Kashkari. Supply from Germany, US Treasury buyback announcement (10-20yr; liquidity support), Earnings from Micron, Accenture & McCormick.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US White House is reportedly tempering expectations of an imminent breakthrough between US-Iran, Semafor reported, with a source suggesting that "the bar is being raised very high."The Iranian government spokesperson said Foreign Minister Araghchi presented President Pezeshkian with a US proposal following his New York trip, which included discussions on Iran's conditions for reopening the Strait of Hormuz, IRNA reported.UKMTO said that a crude oil tanker was struck on the port side by an unknown projectile in the Strait of Hormuz on September 29th.US equity futures pare back earlier gains with Micron earnings on the docket after-hours.DXY continues to fall following dovish comments by Fed's Williams; AUD underperforms following cooler-than-expected inflation.Fixed income benchmarks climb; Gilts weighed on by the upside GDP revision.Energy benchmarks rebound slightly from Tuesday's losses (Brent +1.1%).Looking ahead, highlights include German CPI (Sep), US PCE Price Index (Aug/Q2), GDP Final (Q2), Atlanta Fed GDP. Speakers include ECB's Elderson & Schnabel, Fed's Barkin, Cook, Goolsbee & Kashkari. The US Treasury buyback announcement (10-20yr; liquidity support). Earnings from Micron, Accenture & McCormick.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The Indian stock market remained volatile, with investors closely watching global crude prices, the US Dollar, rupee movement and foreign fund flows. The Nifty 50 ended September at 22,620.45, while the Sensex closed at 72,480.29.Despite the broader market pressure, some sectors and stocks managed to show strength during the session. Banking, IT and infrastructure-related stocks were among the areas that provided support, highlighting the selective nature of the market's current moves. A key stock in focus is Mangalore Refinery and Petrochemicals (MRPL). The stock saw sharp intraday volatility following reports of an explosion at its Mangaluru refinery, with the incident raising concerns among investors about its potential impact on operations. The USD–INR equation is another major factor for Indian markets. The rupee has remained under pressure from elevated crude prices and higher US Treasury yields, while RBI intervention has helped limit the currency's decline.What are the sectors showing strength despite the market weakness? Why did MRPL come under pressure? How is the US Dollar affecting Indian equities and the rupee?In this episode of IPS Finance, we decode today's market movement, the sectors that showed positivity, the reasons behind MRPL's volatility and the impact of the USD on Indian markets.

Good afternoon, I'm _ with today's episode of EZ News. Tai-Ex opening  The Tai-Ex opened up 135-points this morning from yesterday's close, at 47,767 on turnover of 10.4-billion N-T. The market lost ground on Tuesday as investors reacted to speculation (推測) that rising US Treasury yields (美國公債殖利率) and international crude oil prices could push America's central bank to hike interest rates as it seeks to battle inflation. Koo says America is showing "goodwill" over the late delivery of F-16Vs Defense Minister Wellington Koo says the United States is "showing goodwill (善意)" over the late delivery of F-16V Block 70 fighter jets and two sides are still in talks over the matter. The statement comes after the first two of the 66 F-16Vs Taiwan purchased departed from the U-S on August 17 and reportedly remain in Hawaii. According to Koo, the contract for the fighter jets did not include financial penalties (罰款) for late delivery - meaning Taiwan will not receive financial compensation (賠償). The Air Force spent 247.2-billion N-T between 2020 and 2026 to procure 66 new F-16V Block 70 jets from the U-S. The jets were originally scheduled to all be delivered to Taiwan by the end of this year. MOL to extend paid marriage leave to 14 days The Ministry of Labor will be extending paid marriage leave (有薪婚假) from eight to 14 days from tomorrow. According to the ministry's Department of Labor Standards and Equal Employment, the change was proposed through amendments to the Regulations of Leave-Taking of Workers and is has undergone a seven-day public notice period. The department says for the additional days - from the ninth to the 14th day employers are still required by law to pay wages (工資), and after making those payments, the employers can apply to the government for subsidies. The expanded leave will apply equally to Taiwanese and foreign nationals as long as they are covered by the Labor Standards Act. However, migrant domestic helpers and live-in caregivers are not be eligible because they are not covered by the Act. NKorea Rejects SKorean Findings on Mine Planting The sister of North Korean leader Kim Jong Un has rejected South Korean findings that North Korea likely planted the land mines (地雷) that injured three South Korean soldiers last week. She threatened to retaliate if the South fires at North Korean troops conducting border fortification work. The statement by Kim Yo Jong came after South Korea's military on Monday announced a preliminary assessment that the blasts were caused by North Korean mines following a joint inspection with the U.S.-led United Nations Command. South Korean Defense Minister told lawmakers Tuesday that North Korea's placement of the mines likely violated the armistice agreement (停戰協定) that ended fighting in the 1950-53 Korean War. DRC ebola cases surpass 8,000 The number of confirmed Ebola cases in the Democratic Republic of Congo has surpassed (超過) eight thousand for the first time, with nearly four thousand deaths recorded — almost half of them outside health facilities. Chris Ocamringa in Kinshasa says the Health Ministry's latest assessment shows the outbreak has reached seven provinces, with three of the worst-affected areas also engulfed by the war between M23 rebels (叛軍) and government forces. C*OUTRO That was the I.C.R.T. EZ News, I'm _. -- Hosting provided by SoundOn

Whilst the 30-year US Treasury bond yield rose for a sixth consecutive session, traders were calmed somewhat by comments from New York Federal Reserve President John Williams yesterday. Markets are now pricing in a 49% chance of a Fed rate hike in October, down from 71% on Monday. This didn't help US indices though: they all declined on the day. Asia saw stocks recover and there was encouraging factory activity data out of China. Today sees the release of the Fed's preferred measure of inflation - the Personal Consumption Expenditures (PCE) Price Index. Our Head of Fixed Income Research, Dario Messi, joined the podcast to explain what is driving higher yields, where he believes investors can find the best value now, and why he believes that a quality bias in credit portfolios is still warranted.(00:00) - Introduction: Lucija Caculovic, Product & Investment Content (00:31) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (06:20) - Fixed income update: Dario Messi, Head of Fixed Income (10:06) - Closing remarks: Lucija Caculovic, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

Shutterstock Track 1219389Monetization ID TFGEPGEI0LHEIJAIKia ora.Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from interest.co.nz.Today we lead with the bond market warnings don't seem to be being taken seriously by policy makers. They are ignoring them at their peril.US mortgage applications fell sharply again last week as their benchmark 30 year home loan rate rose to 7.30% and a three year high.However, after three months of slowdown, the precursor ADP employment report showed a +90,000 gain for private sector jobs. In a longer perspective this level is modest, but it is much better than recent outcomes. Saturday's non-farm payrolls are now expected to deliver a similar gain but that will be sharply less than the August one (one you may recall that was received with deep scepticism).The third and final estimate of Q2-2026 US GDP growth came in at a +2.2% rate, down from the +2.5% rate in Q1-2025. But it was an upward revision from their second Q2-2026 estimate so it has had a positive impact on market views. Higher consumer spending, and more from the data center buildout activity were the main reasons for the upgrade.Meanwhile, the August PCE inflation metric came in at 3.4% which was little-changed from July and lower than expected. Personal disposable incomes rose +4.8% in August from a year ago while personal consumption expenditures rose +6.1%. The bond market seems sceptical of this data as the softer-than-expected inflation number had no effect stopping the US Treasury yields rising.The Chicago PMI bounced back in September after the August disappointment, back to levels it has had for most of 2026.US crude oil stocks rose modestly last week when a small fall was anticipated. (There is no update on their Strategic Reserve holdings.)The US booked a very elevated merchandise trade deficit in August of -US$132.6 bln and far above the high -$115 bln expected. Clearly the Trump tariff strategies are failing to restrain trade. Exports were up almost +14% (mostly aircraft) but imports surged +28% from the same month in 2025 (mostly data center goods). China said both its official factory and services PMI's shifted into a small expansion in September from a modest contraction in both in August. This was a better result than was expected. In addition, the S&P Global factory PMI for China was released. It recorded a modest expansion in August, and that improved in September. The unofficial version for their services sector remained very modest however - but at least it improved as well.In something of a surprise, Korean industrial production came in sharply lower in August than anyone expected. It was expected to rise +4% as it did in July, but it actually fell -2.2%, so a notable miss.German inflation came in at 3.3% in September, its highest since the end of 2023.French sovereign bond risk is rising sharply and investors and analysts are warning of significant trouble if France does not get its fiscal house in order. The key metric being watched is the discount to the equivalent German bond yields which is suddenly at a 14 year extreme, a shift that has burst into the open in just the past few days.Australian inflation rose from 3.5% in July to 4.0% in August in a rise at was basically expected (4.1%) by economists, the financial markets - and presumably the RBA. Their core (trimmed mean) inflation rates was unchanged at 3.6%. Fuel costs were obviously the big mover (+5.6%), but housing costs were up 5.7%, education up 4.7% and education costs up 3.9%. So the rising cost pressures are broadening out. Food was up 3.0%.There was a notable fall-off in Australian building consents in August, down -6.1% and largely due to a retreat in multi-unit approvals.Global air passenger travel fell in August, largely due to pullbacks in both North America and the Middle East. But the gains in the Asia/Pacific region were modest too with international travel in that region barely changed. But domestic air travel in Chin was up an impressive +5.8%The UST 10yr yield is now just on 5.30%, up another +3 bps from yesterday and a new high since June 2007. The 30 year yield is at 5.65%, up +5 bps and its highest since January 2001.The price of gold is at US$4154/oz and up +US$6 from yesterday. Silver is at just over US$60/oz and down -US$1.50.Oil prices have risen +50 USc/bbl from yesterday to just over US$91/bbl in the US, while the international Brent price is down -US$5 to US$98.50/bbl. Iran said it had received a US response to its latest proposal to resurrect the ​collapsed ceasefire in the Gulf, days after President Donald Trump said he had rejected it.The Kiwi dollar is little-changed from yesterday, still at 56.3 USc and that is still a ten month low. Against the Aussie we are up +30 bps at 81.1 AUc. Against the euro we are holding at just on 49.7 euro cents. That all means our TWI-5 starts today at just on 60.1 and up +10 bps yesterday and still hovering at a 17 year low.The bitcoin price starts today at US$84,277 and up +1.6% from yesterday. Volatility over the past 24 hours has stayed modest, also at just under +/-1.6%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.Track 1219389Monetization ID TFGEPGEI0LHEIJAI Audio soundtrack opening is licensed from Shutterstock, Track 1219389 Monetization ID TFGEPGEI0LHEIJAI

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comThe yields on 10-year US treasuries are rising. They've hit their highest level in nearly 20 years.What does that even mean? And more importantly what are the implications? A lot of people are getting their knickers in a twist.And why has gold's promising little rally hit a wall?And what about UK gilts, they've rocketed slap bang in the middle of the Labour Party conference, when they're all promising more spending.Make it make sense.If you live in a third world country such as the UK, I urge you to own gold or silver. The pound will be further devalued, as will the euro and dollar. The bullion dealer I use and recommend is The Pure Gold Company. They deliver to the UK, the US, Canada and Europe. More here.US Treasury yields are not just a US problem. They put upward pressure on the entire developed-world bond market, and the UK is particularly exposed because its own fiscal position is already so precarious.Today, the yield on a US 10-year Treasury is around 5.25%, the UK 10-year gilt hit 5.44% on Monday, its highest level since 2007. At Tuesday's auction, the government paid an average yield of 5.38% to borrow for ten years, the highest yield at a UK 10-year gilt auction since 1999.Even a small increase in the cost of borrowing puts governments in trouble. Where are they going to find the money to pay the interest?They've either got to raise taxes, cut spending, let the deficit grow, pray for growth or all four – and in the case of the UK in time for the Healey budget on October 28.As US rates rise sterling comes under pressure against the dollar – it will no longer be propped up by the relatively high rates we have been offering - hence sterling's recent declines. So we get higher inflation, especially energy, because of increased import costs.Investors around the world need a reason to hold a UK 10-year gilt. Previously the higher rates we were offering were a reason. If a US 10-year Treasury offers, say, 5.25%, why hold gilts and carry the sterling risk without a much higher rate to compensate? The US Treasury market effectively sets a large part of the global opportunity cost of capital.Higher US rates thus put upward pressure on UK interest rates. So debt gets even more expensive. Our fiscal position deteriorates. Higher rates hurt remortgaging, housing affordability, commercial property, corporate borrowing, infrastructure financing, private equity and so on.Another point to note: the UK 10-year gilt is now yielding 5.4%, despite the Bank Rate being only 3.75%. That gap is telling you that the bond market is pricing a considerably higher long-term cost of capital than the overnight policy rate alone would suggest.The really worrying configuration for Britain would be US real yields rising, US inflation expectations rising, sterling falling and UK gilt yields rising faster than Treasuries.How will all this impact Gold and bitcoin?

UK chancellor John Healey has told the Labour Party conference that the economic conditions enjoyed by New Labour are “simply not there now”, Nvidia has held talks with insurance companies about shouldering the risks of lending against its chips, and oil prices and US Treasuries are locked in their tightest relationship since the first Gulf war in 1990. Plus, an oil field project in the Falkland Islands has put even more pressure on its relationship with neighboring Argentina, and Japanese convenience store chain FamilyMart has enlisted global pop megastar Lady Gaga to help offset the country's acute labour shortage.Mentioned in this podcast:Burnham to set out plan to break ‘politics as usual' by tackling UK's biggest issuesBlair-era money is ‘not there now', Healey warns LabourNvidia turns to insurers to spread the risk of AI buildoutNvidia launches record $150bn share buybackOil price and US Treasury yields in tightest relationship since 1990Oil raises the stakes in Argentina's push against the Falklands Lady Gaga tells Japanese people to work for FamilyMartCredit: Oricon, Labour partyWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcastsThe FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, and Josh Gabert-Doyon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT's global head of audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Rising oil prices and higher bond yields are keeping inflation concerns front and centre, pushing US Treasury yields to their highest level since 2007. The AI investment boom remains in focus, highlighted by NVIDIA's record buyback announcement and Anthropic's S-1 filing, a precursor to an eventual IPO. Policymakers continue to balance inflation and growth concerns, with Australia tightening policy further and China signalling fresh support for its slowing economy. Carsten Menke, Head of Next Generation, talks about the need of large cities to adapt to climate change, creating a very appealing structural growth outlook for the infrastructure and buildings value chains.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:31) - Markets wrap-up: Mike Rauber, Product & Investment Content (06:00) - Adapting to a warmer world: Carsten Menke, Head of Next Generation Research (10:48) - Closing remarks: Bernadette Anderko, Product & Investment Content £Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

Market news for September 29 2026: Surging oil prices and rising US Treasury yields pressured stocks as markets braced for prolonged high interest rates. Australia raised rates to a 15-year high, while Anthropic’s $2 trillion valuation target highlighted high-stakes AI optimism amidst broader market headwinds. Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region. Written by: Howie Lim (howielim@sph.com.sg) Produced and edited by: Chai Pei Chieh & Claressa Monteiro Produced by: BT Podcasts, The Business Times, SPH Media Produced with AI text-to-speech capabilities --- Follow Market Focus Daily and rate us on: Channel: bt.sg/btmktfocus Amazon: bt.sg/mfam Apple Podcasts: bt.sg/mfap Spotify: bt.sg/mfsp YouTube Music: bt.sg/mfyt Website: bt.sg/mktfocus Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Money Hacks at: bt.sg/btmoneyhacks BT Correspondents at: bt.sg/btcobt BT Podcasts at: bt.sg/podcasts BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.

Defensive outperformance anchored Dalal Street today as Indian pharma stocks advanced following Washington's decision to grant zero-tariff status to specialty and rare-disease formulations imported from India and 19 other nations. However, benchmark gauges finished lower at 22,716 as sticky inflation pushed US Treasury yields higher and elevated crude kept input-cost concerns alive. Join tonight's wrap-up as we map the support grid for 30-Sep-26.

Defensive outperformance anchored Dalal Street today as Indian pharma stocks advanced following Washington's decision to grant zero-tariff status to specialty and rare-disease formulations imported from India and 19 other nations. However, benchmark gauges finished lower at 22,716 as sticky inflation pushed US Treasury yields higher and elevated crude kept input-cost concerns alive. Join tonight's wrap-up as we map the support grid for 30-Sep-26.

Defensive outperformance anchored Dalal Street today as Indian pharma stocks advanced following Washington's decision to grant zero-tariff status to specialty and rare-disease formulations imported from India and 19 other nations. However, benchmark gauges finished lower at 22,716 as sticky inflation pushed US Treasury yields higher and elevated crude kept input-cost concerns alive. Join tonight's wrap-up as we map the support grid for 30-Sep-26.

28 Sep 2026. Aviation expert Nick Humphrey explains what airlines owe passengers when flights are delayed or cancelled, plus Raza Rizvi on AI liability, Andrew Hallam on rising bond yields and Behnam Bargh on demand for Dubai offices and warehouses.See omnystudio.com/listener for privacy information.

Attacks by Yemen's Houthi rebels on Saudi Arabia are putting Turkey's new defence pact with the kingdom to its first major test – forcing Ankara to weigh support for its ally against the risk of being drawn deeper into the conflict. Turkey, Saudi Arabia and Pakistan signed the Mecca Joint Defence Agreement on 7 August, committing themselves to the principle that an attack on one is an attack on all. The three countries' military chiefs met in the Saudi capital on Friday, a day after the Iran-backed Houthis launched their latest barrage of missiles targeting Riyadh and Saudi Aramco oil facilities in Yanbu. In recent weeks, Saudi Arabia has reported intercepting numerous Houthi drone and ballistic missile attacks from neighbouring Yemen. The military chiefs discussed intelligence sharing, military coordination and integrating their capabilities, Saudi and Pakistani statements said. Turkey's defence ministry did not comment on the meeting. Erdogan hints at larger nuclear partnership with Russia, unsettling Turkey's allies Saudi expectations Turkey has so far stopped short of committing itself to military action. Foreign Minister Hakan Fidan said this month that Ankara was looking into providing what he called “technical support”, without elaborating on what that could involve. Saudi Arabia could look to Turkey for air defence systems, counter-drone technology, radars and maritime security, given the expertise and capabilities of the Turkish military and defence industry, said Amed Khuzaie of the Washington-based think tank N7 Foundation. “The Mecca Agreement pact will prove its vitality and importance only if it's deemed to be functional,” Khuzaie told RFI. The Riyadh meeting followed talks in New York on Thursday involving the Saudi and Turkish foreign ministers and Pakistan's deputy prime minister and foreign minister on the sidelines of the United Nations General Assembly. Turkish media citing foreign ministry sources said the meeting focused on ongoing “technical negotiations”. But providing support to Saudi Arabia could expose Turkey to retaliation from the Houthis. “By God, if Turkey and Pakistan become involved, we will strike them with an iron fist,” Mohammed al-Bukhaiti, a senior member of the Houthis, said in an Iraqi television interview. Turkey seeks Black Sea shipping deal as attacks threaten grain trade Risk of retaliation The warning should be taken seriously given the Houthis' military presence around the Bab al-Mandeb strait, a critical waterway linking the Red Sea and Gulf of Aden, explained Amed Nagi, a Yemen expert at the International Crisis Group. “[The Houthis] targeted US and UK shipping in the Red Sea,” Nagi said. “They could do the same beyond [that] to the Gulf of Aden, because we know Turkey is very active in the Horn of Africa. "So I think these are the areas that the Houthis will think about if there is any sort of retaliation against Turkey.” In 2024, the Houthis attacked US military and commercial shipping in the Red Sea, damaging the Gibraltar Eagle bulk carrier with a cruise missile and sinking the British-linked cargo ship MV Rubymar. Saudi Arabia could also look to Israel for support if its new partners do not provide what it needs, Khuzaie said. “Who has better intelligence in the region than the Israelis today?” he said. “Diversifying resources, if one fails you, you have another side that could assist.” The risks for Ankara go beyond possible Houthi retaliation. Turkey must also manage its relationship with Iran, which backs the Yemeni group. “It is not in the interest of Turkey to have a direct confrontation with any actor in the region, and the Houthis have become a proxy of Iran; Turkey doesn't want a confrontation with Iran directly," said Bilgehan Alagoz, an international relations professor at Istanbul's Marmara University. "Turkey is trying to solve the issue from a diplomatic point of view.” In a joint statement last week, Turkey, Saudi Arabia, Pakistan and Egypt said that dialogue and diplomacy were the only sustainable way to resolve the region's conflicts, while affirming Saudi Arabia's right to defend itself under international law. Fidan met his Iranian counterpart Abbas Araghchi in New York on Friday. Fidan later said they discussed Iran's negotiations with the United States and conditions for reopening the Strait of Hormuz, but that diplomatic efforts had yet to produce a breakthrough. What the SDF's dissolution means for Syria's Kurds and neighbouring Turkey Iran balancing act The diplomatic efforts come as Turkey's relationship with Iran faces other strains. Turkey-based international relations analyst Soli Ozel said Ankara has for decades walked a “fine line” between rivalry and cooperation with Tehran while balancing its relationships with Iran and Western allies, particularly the United States. Turkey's banking regulator recently revoked the operating licence of Iran's Bank Mellat branch in Istanbul, although the official notice did not say the move was intended to enforce US sanctions. The US Treasury also said Ankara had agreed after talks with Washington to stop flights by Iran's Mahan Air as part of efforts to comply with US measures against Tehran. Three Turkish airlines also suspended flights to Iran. Turkish authorities have also repeatedly accused Iran of hostile operations inside the country, including assassinations and abductions of Iranian dissidents. In January, security forces arrested six people suspected of spying for Iran and gathering information about the Incirlik air base, which is used by US forces. Becoming involved in the conflict against the Houthis could upset Ankara's already delicate relationship with Tehran, Ozel told RFI. “The Iranians who actually have a lot of [intelligence] capabilities in Turkey, we've seen that before, then you find yourself in a hot or cold war,” he said.

Wealth Transfer and Stewardship (1) (audio) David Eells – 9/27/26 Because of the transfer of wealth that's coming soon, I want to share what the Lord says about our stewardship. The Bible speaks of building the house of the Lord, which is the people in whom the Lord lives, not a building. This includes meeting their physical and spiritual needs. As stewards of the Lord's money and things, we are all responsible for doing this. {Luke 14:33} So therefore whosoever he be of you that renounceth not all that he hath, he cannot be my disciple. Jesus rebuked the Pharisees for tithing mint and anise and cummin, and left undone the weightier matters of the law. He said tithing was of the law. Notice we are stewards of 100% of what belongs to the Lord, not owners who tithe 10% and own 90% as under the law. In the New Testament, this would make us thieves. 100% belongs to the Lord, and He gets to tell us individually what He wants done with it. And He has done a very good job in the Scriptures {1 John 3:17} But whoso hath the world's goods, and beholdeth his brother in need, and shutteth up his compassion from him, how doth the love of God abide in him?Love is who the Bride is. The bride is about to be chosen, and it will be people who love God's people, who are generous and loving, and want to meet the needs of God's people. Some demonstrate this love, and some don't. I'm not talking about giving to me; the Lord supplies my needs, and I am content, which enables me to give to the needs of others. I have never taken a collection for myself. I do not receive money from UBM and so do not gain from fee-will offerings sent in, except that I get to see the Gospel go forth. The early disciples never took collections for themselves nor preached gimme sermons because they had faith with contentment. {2 Chronicles 24:4} And it came to pass after this, that Joash was minded to restore the house of Jehovah. We really need to restore the original house of the Lord. You can't do that unless you return to the original word of the Lord. {5} And he gathered together the priests and the Levites, and said to them, Go out unto the cities of Judah, and gather of all Israel money to repair the house of your God from year to year; and see that ye hasten the matter.Howbeit the Levites hastened it not. (The priests were not doing their job to rebuild the Kingdom. There's a lot of stuff out there that's not the kingdom of God. It's just men's ego, men's kingdoms. They build it the way they want because they use their own words, not the words of the Bible. And so that needs to be departed from, and especially those that have a form of godliness, but they deny the power thereof. From such, turn away, we're told.) {6} And the king called for Jehoiada the chief, and said unto him, Why hast thou not required of the Levites to bring in out of Judah and out of Jerusalem the tax of Moses the servant of Jehovah, and of the assembly of Israel, for the tent of the testimony (or house of God)? And it is to benefit the house of God, not a building, not a particular ministry that doesn't really see to the needs of God's people, but to their own needs. {2 Cor.8:1} Moreover, brethren, we make known to you the grace of God which hath been given in the churches of Macedonia; {2} how that in much proof of affliction the abundance of their joy and their deep poverty abounded unto the riches of their liberality. In other words, they were very gracious and giving people, even though they lived in poverty. Forced poverty is a curse, but a free-will offering of one's life to deny oneself is not a curse. So that's a blessing. I mean, Jesus lived in what most people would call poverty, and so did His disciples, and they did it as a sacrifice unto God. {3} For according to their power, I bear witness, yea and beyond their power, they gave of their own accord, So, they had to have the power of God.) {4} beseeching us with much entreaty in regard of this grace and the fellowship in the ministering to the saints: {5} and this, not as we had hoped, but first they gave their own selves to the Lord, and to us through the will of God. (If we don't give ourselves to the Lord, we won't be able to do what the Lord wants. It's the Lord in us that does it, and as was said, “to us through the will of God.”) {6} Insomuch that we exhorted Titus, that as he made a beginning before, so he would also complete in you this grace also. {7} But as ye abound in everything, in faith, and utterance, and knowledge, and in all earnestness, and in your love to us, see that ye abound in this grace also. (Amen. The command still goes out.) {8} I speak not by way of commandment, but as proving through the earnestness of others the sincerity also of your love. In other words, prove your love. Love has actions. Love is sacrificial. Love is patient, and on and on.) {9} For ye know the grace of our Lord Jesus Christ, that, though he was rich, yet for your sakes he became poor, that ye through his poverty might become rich. {10} And herein I give my judgment: for this is expedient for you, (In other words, follow in his steps. Sacrifice your life. Meet the needs of the brethren) who were the first to make a beginning a year ago, not only to do, but also to will. (Some people say it's okay as long as you're willing. No, no. Faith, if it has not works, is dead, right?) {11} But now complete the doing also; that as there was the readiness to will, so there may be the completion also out of your ability. {12} For if the readiness is there, it is acceptable according as a man hath, not according as he hath not. (In other words, you can't give more than you got. And, it's out of your ability, right? But it's even beyond your power, as he said.) {13} For I say not this that others may be eased and ye distressed; {14} but by equality: your abundance being a supply at this present time for their want, that their abundance also may become a supply for your want; that there may be equality: {15} as it is written, He that gathered much had nothing over; and he that gathered little had no lack. (God wants equality in the body, meaning everyone has their needs met.) The poor need to give as much as the rich need to give because it is multiplied back, as Jesus said. Jesus said the widow who gave 2 mites gave more than all the rich Pharisees because she gave out of her need. {Mar.12:41} And he sat down over against the treasury, and beheld how the multitude cast money into the treasury (Which was in the temple of God's people, not a building and ministry that does not meet the spiritual and physical needs of God's people): and many that were rich cast in much. (And that's not bad, it's good.) {42} And there came a poor widow, and she cast in two mites, which make a farthing. {43} And he called unto him his disciples, and said unto them, Verily I say unto you, This poor widow cast in more than all they that are casting into the treasury: {44} for they all did cast in of their superfluity; (meaning their overabundance) but she of her want did cast in all that she had, even all her living. I can tell you that she went away getting her needs met. I can guarantee you that, because that's the word of God. She cast in all that she had, even all of her living. Notice that it is not how much you give but how much you have left that counts. There's an awesome group of promises here that we should pay attention to. It's not like you're going to go into poverty if you give and give and give. You'll just receive and continue to receive. It's clear. This is what God says. In fact, some people stay poor all their lives because they don't give. They don't consider that they have enough to give. Well, you can't possibly do that and get away with it. So stay in poverty. You'll always be in need to other people; you'll always stay in poverty.  {2 Cor.9:6} But this I say, He that soweth sparingly shall reap also sparingly; and he that soweth bountifully shall reap also bountifully. {7} Let each man do according as he hath purposed in his heart: (This is also different for each person because every person has a different amount of income, right? In other words, you're not under law here. This is proof of your love, right? You're not under law, but it's to your benefit that you do this.) not grudgingly, or of necessity: (So you're not under the law anymore. You're especially not under the law to tithe, because now you have to renounce it all.) for God loveth a cheerful giver. (Be happy about what you're able to give to people and their needs.) {8} And God is able to make all grace abound unto you; (Oh would you look at that! Is that a powerful promise or what?) that ye, having always all sufficiency in everything, may abound unto every good work: (there's another powerful promise. And I tell you, we all need that.) {9} as it is written, He hath scattered abroad, he hath given to the poor; His righteousness abideth for ever. (Notice God gives righteousness to the person who meets the needs of God's people.) {10} And he that supplieth seed to the sower (Notice it's not seed to the keeper, like the prosperity movement, where they need three, four, five airplanes and big fancy buildings.) and bread for food, shall supply and multiply your seed for sowing, (So He gives you more to sow, so that you can reap more, so that you can be just a channel through whom God blesses people.) and increase the fruits of your righteousness: (He again promises righteousness for this.) {11} ye being enriched in everything unto all liberality, (This is not the kind of liberality we get in government; this is a liberality we have in giving, in meeting needs), which worketh through us, thanksgiving to God. (Yes, everybody thanks God for their needs being met, the miracles they receive through this. It's a blessing. And they keep on bragging on what God did for them. That's awesome.) {12} For the ministration of this service not only filleth up the measure of the wants of the saints, but aboundeth also through many thanksgivings unto God; {13} seeing that through the proving of you by this ministration they glorify God for the obedience of your confession unto the gospel of Christ, and for the liberality of your contribution unto them and unto all; (Notice it's unto them. It's unto people. It's not fancy buildings and all these things that people want to do to pump up their ego. The Lord wants us to be practical not exorbitant.) {Luke 16:1} And he said also unto the disciples, There was a certain rich man, who had a steward; and the same was accused unto him that he was wasting his goods. (Well, now that's rampant out there. Its like the guy with the talent who hid it in the earth.) {2} And he called him, and said unto him, What is this that I hear of thee? render the account of thy stewardship; for thou canst be no longer steward. {3} And the steward said within himself, What shall I do, seeing that my lord taketh away the stewardship from me? I have not strength to dig; to beg I am ashamed. {4} I am resolved what to do, that, when I am put out of the stewardship, they may receive me into their houses. (Here, he's using an evil man's parable for us, but we also will be giving up our stewardship one day.) {5} And calling to him each one of his lord's debtors, he said to the first, How much owest thou unto my lord? {6} And he said, A hundred measures of oil. And he said unto him, Take thy bond, and sit down quickly and write fifty. {7} Then said he to another, And how much owest thou? And he said, A hundred measures of wheat. He saith unto him, Take thy bond, and write fourscore.  {8} And his lord commended the unrighteous steward because he had done wisely: for the sons of this world are for their own generation wiser than the sons of the light. (Meaning, of course, the righteous are not learning a lesson here. Listen to what the lesson actually is. It's not that you're to be bad and cheat the owner; no, here's the lesson. {9} And I say unto you, Make to yourselves friends by means of the mammon of unrighteousness; (Well, who's our friend? That's right, your brothers and sisters in the Lord, they're your friends. You can't really trust the world. But he says, use your money to make these kinds of friends.) that, when it shall fail, (and it will.) they may receive you into the eternal tabernacles. (In other words, use your money to bring in the lost, so that one day you can visit them in their eternal tabernacle.) {10} He that is faithful in a very little is faithful also in much: and he that is unrighteous in a very little is unrighteous also in much. (The Lord tested me with a major test one time, but it enabled me to be ready for a much bigger blessing. I had to give to a person who was totally unworthy, but understanding what the Scriptures had to say that if they take away from you, just give it to them. I finally just decided, ‘Well, this is what I have to do, so I did.' And then the Lord gave me a promise that was way bigger than the one I had. A tremendous thing. One day, I'll probably tell you about this.  {11} If therefore ye have not been faithful in the unrighteous mammon, who will commit to your trust the true riches? (Yes, these are not true riches we're dealing with down here. This is not worth much of anything) {12} And if ye have not been faithful in that which is another's (It's not yours. Stewards are not owners but handle their Lord's money and things), who will give you that which is your own? (in heaven we are joint heirs of all things. We inherit it all! Praise God! And we're owners there, joint heirs with Christ.)  {13} No servant can serve two masters: for either he will hate the one, and love the other; or else he will hold to one, and despise the other. (What he's saying is you despise the other, that's the Lord. If you hold to the one, you're despising the Lord. He has children He wants you to take care of. And if you do that, He'll give you more children because He multiplies your seed for sowing.) Ye cannot serve God and mammon. (If you're serving that mammon, you're going to be stingy with the Lord and stingy with His people, and He's going to be stingy with you. Because with whatever measure you mete it out, it'll be measured back to you.) {14} And the Pharisees, who were lovers of money, heard all these things; and they scoffed at him. (And they do it today, too.) {15} And he said unto them, Ye are they that justify yourselves in the sight of men; but God knoweth your hearts: for that which is exalted among men is an abomination in the sight of God. (And it's in Christianity too saints. I think I recounted before how there were two churches built in my area many years ago. One was built for two and a half million dollars, and the other was built for something like, I believe, twelve million dollars. The two-million-dollar one was actually more functional, very comfortable. Everything that was needed. It was a metal building on the outside. It didn't have all the glory and stuff like the other one, but it met the needs. Think what you could do with that much left over money to help God's people. That's why I say it's a sin to be extravagant just for ego.)  {Ecc.5:10} He that loveth silver shall not be satisfied with silver; nor he that loveth abundance, with increase: this also is vanity. 11 When goods increase, they are increased that eat them; (Notice that. ‘When their goods increased,' guess what? Some people can't sit on it, while others do without. There's also an increase of the people who have the need.) and what advantage is there to the owner thereof, save the beholding of them with his eyes? (Oh, look what I got. Come, let me show you my treasures, my church building.) {12} The sleep of a laboring man is sweet, whether he eat little or much; but the fulness of the rich will not suffer him to sleep. {13} There is a grievous evil which I have seen under the sun, namely, riches kept by the owner thereof to his hurt: {14} and those riches perish by evil adventure; and if he hath begotten a son, there is nothing in his hand. {15} As he came forth from his mother's womb, naked shall he go again as he came, and shall take nothing for his labor, which he may carry away in his hand. (So there's no fruit born in greed and extravegence.) {Hag.1:8}, (2-11) Thus speaketh Jehovah of hosts, saying, This people say, It is not the time for us to come, the time for Jehovah's house to be built. {3} Then came the word of Jehovah by Haggai the prophet, saying, {4} Is it a time for you yourselves to dwell in your ceiled houses, while this house lieth waste? {5} Now therefore thus saith Jehovah of hosts: Consider your ways. {6} Ye have sown much, and bring in little; ye eat, but ye have not enough; ye drink, but ye are not filled with drink; ye clothe you, but there is none warm; and he that earneth wages earneth wages to put it into a bag with holes. (That's the curse on a person that hasn't learned how to share, how to meet the needs of others, how to give out of their own need so that their needs are met. Because when you give out of your own need to others, your needs are met.) {7} Thus saith Jehovah of hosts: Consider your ways. {8} Go up to the mountain, and bring wood, and build the house; and I will take pleasure in it,and I will be glorified, saith Jehovah. {9} Ye looked for much, and, lo, it came to little; and when ye brought it home, I did blow upon it. Why? saith Jehovah of hosts. Because of my house that lieth waste, while ye run every man to his own house. (And who is the house of the Lord, according to Paul? We are.) {10} Therefore for your sake the heavens withhold the dew, and the earth withholdeth its fruit. {11} And I called for a drought upon the land, and upon the mountains, and upon the grain, and upon the new wine, and upon the oil, and upon that which the ground bringeth forth, and upon men, and upon cattle, and upon all the labor of the hands. (What a curse! All because they're not meeting the needs of God's house. Amen? I tell you, folks, learn this lesson. This is a way to abundance. Give, and it will be given unto you good measure, pressed down, shaken together, and running over shall men give into your bosom. On the way to abundance. Get used to giving. Do it till you like it. Give. Because the Lord said in {Luke 6:35} But love your enemies, and do them good, and lend, never despairing; and your reward shall be great, and ye shall be sons of the Most High: (In other words, this is a way to sonship. Nobody who is stingy is a son of God. There's nobody who doesn't meet the needs of the people around them that's a son of God. You shall be sons. Remember, we've talked about the difference between children and sons. The world's waiting for the manifestation of the sons of God. That's what the world needs: sons.) for he is kind toward the unthankful and evil. (So don't be a judge or you will be judged. I mean, people need time to grow up. They need to live long enough to grow up. So make sure that you take care of them.)  {36} Be ye merciful, even as your Father is merciful. (Having mercy is giving people what they don't deserve.) {37} And judge not, and ye shall not be judged: and condemn not, and ye shall not be condemned: release, and ye shall be released: {38} give, and it shall be given unto you; good measure, pressed down, shaken together, running over, shall they give into your bosom. For with what measure ye mete it shall be measured to you again. (So if you give abundantly, you will receive back abundantly. You will receive it multiplied here, according to this text, multiplied back abundantly. Isn't that awesome? Oh, Praise You Father! Father, please teach Your children to give like You do. And we praise You for it.) {Matthew 6:19} Lay not up for yourselves treasures upon the earth, where moth and rust consume, and where thieves break through and steal: (Do you know about the money system in this world, how the thieves have broken through, and they're stealing? Yeah, so don't count on their system to see to your future. See to God's economy for your future. Lay up for yourselves treasures in heaven, because you can do this. There is a bank that these guys can't get into. And you can make a withdrawal on it anytime you want to. But if you don't put it in there, you can't withdraw on it.) {20} but lay up for yourselves treasures in heaven, where neither moth nor rust doth consume, and where thieves do not break through nor steal: (They can't get into your heavenly bank. Only you can get into that one. But you have to deposit it there.) {21} for where thy treasure is, there will thy heart be also. (So if you're hoarding up and you have all your faith in what you have down here on earth, your heart is on this and not on the Lord. Your trust is not in the Lord. In fact, I'll prove that to you here in this text.)  {22} The lamp of the body is the eye: if therefore thine eye be single, thy whole body shall be full of light. (So put your eye on the Word of God, on what you have according to the Word, and how God will meet your needs, and how He wants you to live towards others, and love towards others.) {23} But if thine eye be evil, thy whole body shall be full of darkness. If therefore the light that is in thee be darkness, how great is the darkness! {24} No man can serve two masters; for either he will hate the one, and love the other; or else he will hold to one (that's the money, the mammon), and despise the other (that's God.) That's what the Lord is saying. If you hold to it, you hoard it; you are despising God. You are not being a disciple, because you haven't renounced your ownership yet. Do I say that because you have to give it all away? No, you have to give it all into the hands of God and let Him tell you what to do with it. It's that simple.) Ye cannot serve God and mammon. (This is the Common Aramaic word for riches and is derived from the Hebrew word for treasure. From mammonas, meaning ‘confidence, that which is trusted in.' So, it's not necessarily just money either, but it's what you have your confidence in. It could be gold, it could be silver, it could be properties. Whatever you're storing up your treasure in, and you have your confidence in, that's your mammon. So, we must repent. We must please God.) {Luke 12:28} But if God doth so clothe the grass in the field, which to-day is, and to-morrow is cast into the oven; how much more shall he clothe you, O ye of little faith? (People want to make sure that they're going to be provided for, and their trust is in their mammon, to take care of themselves. But they don't have faith. And didn't God choose the poor of the world to be rich in faith? Yeah, because they know they don't have to pack it with them everywhere they go. They know God will be there to supply their every need according to His riches and glory.) {29} And seek not ye what ye shall eat, and what ye shall drink, neither be ye of doubtful mind. {30} For all these things do the nations of the world seek after: but your Father knoweth that ye have need of these things. {31} Yet seek ye his kingdom, and these things shall be added unto you. {32} Fear not, little flock; for it is your Father's good pleasure to give you the kingdom. {33} Sell that which ye have, and give alms; make for yourselves purses which wax not old, (In other words, don't store up your money for long periods of time.) a treasure in the heavens that faileth not, where no thief draweth near, neither moth destroyeth. {34} For where your treasure is, there will your heart be also. (So it's a dangerous thing to count on the treasures of the world and men of the world and their schemes. And of course, the hierarchy out there in the economic world, they're just there to cheat you. And they've got an ultimate plan to do that. So if you're playing their game, you know, they're going to beat you at it. God wants us to get into His economy.) {Luke 12:16} And he spake a parable unto them, saying, The ground of a certain rich man brought forth plentifully: {17} and he reasoned within himself, saying, What shall I do, because I have not where to bestow my fruits? (meaning, on himself) {18} And he said, This will I do: I will pull down my barns, and build greater; and there will I bestow all my grain and my goods. {19} And I will say to my soul, Soul, thou hast much goods laid up for many years; take thine ease, eat, drink, be merry. (I remember back when things were leading up to Y2K, how people stored up whole rooms full of food and stuff like that. And when they heard me preaching and teaching on these things, and how God's not going to favor that, and that it'll be stolen, and how people will look for people that do that to steal it from them, and maybe kill them in the process. You know, a lot of them went to look at their stores, and they found that, yeah, the thieves had broken through and were stealing. There were all kinds of little critters feeding on their food, and they had to throw it away.) {20} But God said unto him, Thou foolish one, this night is thy soul required of thee; (it actually says, “this night they require thy soul of thee.” Why is that? These things that he had stored up were his god.) and the things which thou hast prepared, whose shall they be? (Yeah, who's going to get that while you're gone? Who's going to eat all that which cost you your life, and you're gone, and you're not in the kingdom?) {21} So is he that layeth up treasure for himself, and is not rich toward God. (So he's saying, if you're laying up treasure for yourself, you're not rich towards God. Wouldn't you rather be rich towards God? Wouldn't you have to have your needs met wherever you go?)  {Luke 18:22} And when Jesus heard it, he said unto him, One thing thou lackest yet: sell all that thou hast, and distribute unto the poor, and thou shalt have treasure in heaven: and come, follow me. (Grain was stored up under Joseph for the coming 7 years of famine/tribulation. Joseph was the greatest type of Jesus, Who was sold by his brethren into bondage and preached to the spirits in prison, and came out to rule the world. So, we can store up under Jesus in heaven by meeting the needs of others. And when we have a need, our need will be met. That's what He says, and it can't be stolen.)  {23} But when he heard these things, he became exceeding sorrowful; for he was very rich. {24} And Jesus seeing him said, How hardly shall they that have riches enter into the kingdom of God! {25} For it is easier for a camel to enter in through a needle's eye, than for a rich man to enter into the kingdom of God. (We know about the needle's eye. The Pharisees made it a doorway, but no, that wasn't what He was saying at all. He said it's very hard, impossible, actually, for a camel to go through a needle's eye.) {26} And they that heard it said, Then who can be saved? {27} But he said, The things which are impossible with men are possible with God. (How does God save men? He changes them. Anybody who's not willing to change cannot be saved. You have to be willing to change.)  {Luke 16:19} Now there was a certain rich man, and he was clothed in purple and fine linen, faring sumptuously every day: {20} and a certain beggar named Lazarus was laid at his gate, full of sores, {21} and desiring to be fed with the crumbs that fell from the rich man's table; yea, even the dogs came and licked his sores. {22} And it came to pass, that the beggar died, and that he was carried away by the angels into Abraham's bosom: (which was the good side of Sheol, which was the place of the dead. When Jesus was resurrected, He took Abraham's bosom to heaven.) and the rich man also died, and was buried. {23} And in Hades he lifted up his eyes, being in torments, (Hades is the bad side of Sheol.) and seeth Abraham afar off, and Lazarus in his bosom. {24} And he cried and said, Father Abraham, have mercy on me, and send Lazarus, that he may dip the tip of his finger in water, and cool my tongue; for I am in anguish in this flame. {25} But Abraham said, Son, remember that thou in thy lifetime receivedst thy good things, (In other words, you can either hold to wealth here or you can have there forever. You know, sometimes we're called to give up something that we can't keep in order to get something that we can't lose.) and Lazarus in like manner evil things: but now here he is comforted, and thou art in anguish. (I know people just pass right over this, and they don't really fear God. They just pass right over this like it's nothing. Look at what He's saying. Look at the life Jesus and His disciples gave us as an example of. Look at that life. And they were happy. There's no happiness in riches and things. Look at the people who have won lotteries. Look how long it takes for them to be destroyed and how they're never happy. And now they're even worse off. It's just an opportunity to live after the lusts of the flesh and lose your life. Look how happy the disciples were. They gave as they went, everywhere. And because they gave, it was given unto them. They became a channel for God's goodness to people. That's what God wants for us. He wants us to be blessed in this way.)  {26} And besides all this, between us and you there is a great gulf fixed, that they that would pass from hence to you may not be able, and that none may cross over from thence to us. {27} And he said, I pray thee therefore, father, that thou wouldest send him to my father's house; {28} for I have five brethren; that he may testify unto them, lest they also come into this place of torment. {29} But Abraham saith, They have Moses and the prophets; let them hear them. (In other words, they have the word of God, let them hear the word of God. Notice, he is speaking to us. Look how important this text is. He is speaking to us. They have Moses and the prophets; let them hear them. Gods not sending them somebody from the dead that they're going to listen to, because He did send somebody from the dead, and they wouldn't listen.) {30} And he said, Nay, father Abraham: but if one go to them from the dead, they will repent. {31} And he said unto him, If they hear not Moses and the prophets, neither will they be persuaded, if one rise from the dead. (And he did. What we have to do is hear the word of God. We have to hear what it says, not because somebody else is doing it or not doing it. We have to hear what He says in the Word of God. We're going to be held responsible for what we hear in the Word of God. And those that do will bear much fruit, and He will give them that which is their own. But if you're not faithful in that which is another's, who will give you that which is your own? What you have is not yours. Nothing that you have, that you consider yours, is yours. It's God's. We are now stewards. It never calls us owners in the New Testament. These people are liars. When they put you under the tithe to bring money to them, they have to put you under the law to bring money to them, because God would not work it in your heart to give to them. And they know that. So they put you under the law, which is under a curse, because it's a totally different relationship with God. Come out from under the law, which is come out from under the curse. He wants a cheerful giver, not of necessity. They preach necessity all the time. You must tithe, or else they say, If you don't do this, you're going to be cursed. But actually, if you do that, you are cursed. Unless you've just done it in your ignorance, and then, as soon as you found out what the Bible really said, you began to follow the Bible, like a lot of people do. They're not staying in one spot. They're not stagnant. They're running after God, like I was.  When I first went to a church that taught tithing, I said to myself, Well, if God likes ten percent, I'm going to give Him twenty. So, I did. By the way, along with that, I sold almost everything I had. All my toys and things. I just sold them all. I didn't have time to do anything but read the Bible anyway. So, I just sold them all and gave that to God. So, it was far above twenty percent. But then the Lord taught me that, No, you're still a Pharisee, because you're under a law that you made for yourself. So, as soon as I gained understanding about that, I went right into listening to the Holy Spirit, because you've been given the Holy Spirit to show you what God wants you to do with what belongs to Him. You see? So I began to listen to the Holy Spirit, and come out from under any laws I made for myself, as well as any laws that man would put upon me, bringing me under a covenant that does not exist anymore, in order to break my covenant that does exist. Amen?   The Transfer of Wealth Prophetic Vision: Wealth Transfer – Time is Short! End times Lindsay and Richard Roberts (son of Oral Roberts, healing evangelist, founder of ORU) from Living Truth 9/21/26 Link Partial Transcript: Lindsay said, I had been asleep off and on at night. Sometime in the middle of the night, I became fully awake and I saw a vision. God shows me things in billboard signs. Billboards, to me, are information and God was showing me things in billboards, and they're always very illuminated, very bright, very electric, and very what I would call succinct, distinct messages. I saw myself getting into a car and driving along a road, and I saw the first billboard. And all of a sudden the first billboard illuminated brightly; just as bright as it could be. It had a black outline with a gold frame and when it illuminated, it was like someone switched the light on. Like it was dark and then, BAM! The light came on; it said, END TIME. Now, that's not a big revelation. The first billboard said END TIME. Not like time's going to end, but “End Time,” but there was more to it. I kept on driving. The second one said TRANSFER. So I saw where this is going: End Time Transfer…. And then the next one, the third one said, OF WEALTH. Now the END TIME sign was just the most illuminated gold; like a gold color, but it was like an illuminated light that was shining gold. The next one said, TRANSFER; and it was also illuminated gold. And the next one said, OF WEALTH, and it was also illuminated gold. I kept driving and the next one said, WICKED, and it did NOT illuminate. So, it was like, WEALTH OF THE (was illuminated) and then “WICKED” – I could see it on the billboard, but it was not illuminated, not super bright, and it went dark. (God has been gathering up the wealth of the wicked and putting it in His account to transfer it in the days to come to the needs of His people. This is a parallel in history to when His people were coming out of Egypt to go into their wilderness, which Rev. chapters 12 and 17 reveal to be the Tribulation. The Egyptians' gold and silver was TRANSFERED to His people.) All the first billboards were illuminated brightly, almost like enticing, and I wanted to see the next one, but on the one that said, WICKED, the light went out, as if the “lights went out on the wicked.” And I thought, okay, that's just kind of weird. And it didn't make sense to me. And I kept on driving. And there it went again; another billboard said, END TIMEand was totally illuminated. TRANSFERENCE was so electric and illuminated. And then it said, OF WEALTH. And when I saw the word WEALTH and drove past it, it began to illuminate. And out of the W of the word WEALTH transfers came…., Okay, so I'm immediately thinking “money.” But no, it wasn't. Although money was part of it, I could see like, money was being ready to transfer out of the W. I saw it come down from the W. There were ideas; the word technology came out of it, the wordtelevision came out of it, the word radio came out of it, the word paintings came out of it, the word affluence came out of it, the word influence came out of it. So when the word WEALTH lit up out of the W, it was as though God was releasing not just what the world would call “wealth”, but what He was calling wealth. We think of wealth in terms of money, but I think God was saying to me in this vision; He was showing me that there are lots of things that are “wealth” that create financial wealth. And some of those are “ideas”. Some of those are “art”. Some of them are the “industry”. Some of them are “sales”; they're businesses, ways of doing things, new ways. And here's the weird thing. It was creative things that I knew, but then all of a sudden it had, like a twist, like it was technology. Well, when I saw the word technology come out of the W, it was like new technology. And then I saw the word radio. Well, I've seen the radio; we have a radio. But it was like new control over the airwaves, television; new control over what's on television or creating new television stations. And I kept seeing all of this come pouring out of the word WEALTH but it wasn't going anywhere yet. I thought, okay, that's interesting. What came to me was the scripture, “wealth of the wicked laid up for the righteous” -END TIME TRANSFERENCE OF WEALTH. I got in the car and kept right on driving. So, here it is, Wealth. And all of this was just pouring out of the W. Then I saw the words OF THE totally illuminated; and WICKED and it was not illuminated. You could see it; the outline, but WICKED was not illuminated. They, the Wicked, weren't the bright light they used to be. And then as I'm still driving, instead of anything else, the next sign was dark and dark and dark. (Does this mean darkness will cover the earth?) And I'm like, "Wow, I have been passing along, waiting, waiting, waiting, waiting for the next sign." Think about that. We're waiting for the next sign from the Lord. Every billboard I passed was dark. And then all of a sudden, the last billboard popped up out of nowhere and the word on it was illuminated gold. Only it wasn't TRANSFER or TRANSFERENCE. It was TRANSFERRED. It was done. (The Lord showed me this too. It will be done.) WEALTH OF THE WICKED. I waited and waited; we're waiting for it, and all of a sudden the next billboard was brightly illuminated, and it didn't say TRANSFER like the other ones. It said TRANSFERRED. I began to look at it and I saw two groups of people underneath [the billboard]. They were all Christians. Now, here's the second part where it was WEALTH OF THE WICKED TRANSFERRED…. and I'm about to rejoice! And then the Lord said, "Look down. There's two groups of people." So, where the W was, it was all pouring out, but it wasn't going anywhere. Out of the TRANSFERRED, there are two groups of people; they were all Christians underneath that sign. One group was like, "I'm waiting. Yay! Hey, I'm a Christian, so slap it on me." Nothing was hitting them. Not that they deserved it because, "Hey, I'm a Christian." Because they were all Christians. It was just really weird. But the second group: they were on their knees, not necessarily looking for anything; they were just worshiping God. They had waited, and they had waited and waited. But they stayed in worship. They stayed in this atmosphere of worship. They weren't looking... They were worshiping. And when the one group who were just worshiping God, not looking up to what was happening on the billboards, they were in this atmosphere of worship. And all of a sudden, when the word TRANSFERRED illuminated it was not just financial, it was ideas. And all of a sudden the words television, radio, authority and all of this- especially like ownership, businesses- were just pouring out and it was TRANSFERRED. The ones who were in the state of worship continued. And then the other ones saw [them], and thought, ‘wait a minute, we need to be worshiping.' (Then Richard said, “It's never too late to worship.”) And all of a sudden, it became almost like an outpouring of worship. And where there was an outpouring of worship, then there was an outpouring of God's provision. Now, what may be provision to me and come pouring out may be different for somebody else. But I want you to focus on whatever it is that represents what God wants to provide for you and how you are believing God for provision. And instead of focusing on everything else, I personally just want to focus on worship. And I just want to encourage you to begin to worship God because He honors that; He said He inhabits, lives, and dwells in the praises of His people. And you know, in this past year, sometimes, “Praise the Lord!” should have come out of my mouth faster than other things. I'm a human being. But I do think it's not too late. And that was the whole thing. It's not too late. God knows what happened when the wicked seemed to prosper. And I believe that we have not only the privilege of worshiping God, but it's also one of our wonderful opportunities to combat the attacks of the devil. So my word to you today is what I saw: “The wealth of the wicked being transferred to the righteous,” and then I saw the word TRANSFERRED as if God is already on it. It's done!   Praying Over The 1% and the Wealth Transfer Link Brandon Biggs 8/7/25 Partial transcript: God said, "Brandon, I just want you to know there'll be 1% that flows in this end time wealth transfer of the great wealth. (of the Church) And I'll not share My glory.” Just like I won't share My glory whenever you pray for somebody and they try to say, "Thank you, sir." And you say, “No, it ain't me. I'm just a vessel.” We got to always keep the main thing in mind and give God praise for everything in these last days. We have to always be looking at His face and knowing that He is the rewarder of those who diligently seek Him. It's not Brandon; it's not you. I may write the check. I may be the distributor of what wealth that He gives me, but it's always to give God the praise. And it [the transfer?] will be for the unlikely people….. (Who can handle the wealth for God and His people.) The end time wealth transfer of what's about to happen with the finances; it's something you can't earn and it's something you don't deserve. But God said, "I'm going to bless you." And I've seen what's about to happen again with a glimpse. As I was lying in bed, I could see, and I was looking into these months ahead of what God is trying to do just for His remnant…. So what Brandon was emphasizing in the video about the wealth transfer distributions coming is that God wants us to be faithful in the little things in obedience before He will give you more responsibility with the greater things.   The Great End Times Transfer of Wealth Glynda Lomax, 12/13/25 wingsofprophecy.blogspot.com My children, you have heard there is a great transfer of wealth coming in these end times and it is true. Many have tried to understand how this wealth will come, as they put great hope in it. They believe the wealth is so they may own it, but that is not My way. My way is always giving and sharing with those in need. My way is always that it glorifies My Son Jesus, not mankind. Those who have little fear of the greater lack that is coming, yet I am already providing for them ahead of time and I need only speak to those who are truly Mine and they will give immediately. It is to those children that I will give the end times wealth. It is those who will give whatever amount, as much as I say. WHEN I say that I will endow, that My purposes may be fulfilled, that MY Son's great name may be glorified and not their own. These are those who have purified themselves for My pleasure. They live holy lives to please Me and that I may use them in greater ways. These of My children, who are very few, shall be greatly endowed yet will not flaunt it. They will not consume it upon their lusts. They will not use the power of it against others. These are those with hearts to give. They are simply channels of My glory. There will be no announcement or fanfare when they become wealthy. They will simply continue doing what they are already doing – being about their Father's business in the Earth, helping the poor and watching for My Son's return. Inquire of Me if you desire to qualify for this great transfer, for it happens soon. (Glynda gave these verses) Deuteronomy 6:10-12 And it shall be, when the LORD thy God shall have brought thee into the land which he sware unto thy fathers, to Abraham, to Isaac, and to Jacob, to give thee great and goodly cities, which thou buildedst not, 11 And houses full of all good [things], which thou filledst not, and wells digged, which thou diggedst not, vineyards and olive trees, which thou plantedst not; when thou shalt have eaten and be full; 12 [Then] beware lest thou forget the LORD, which brought thee forth out of the land of Egypt, from the house of bondage. Proverbs 13:22 A good [man] leaveth an inheritance to his children's children: and the wealth of the sinner [is] laid up for the just. (This is not just for personal use but for whatever the Lord wills and to get the gospel out.) Job 27:16-17 Though he heap up silver as the dust, and prepare raiment as the clay; 17 He may prepare [it], but the just shall put [it] on, and the innocent shall divide the silver. Ecclesiastes 2:26 For [God] giveth to a man that [is] good in his sight wisdom, and knowledge, and joy: but to the sinner he giveth travail, to gather and to heap up, that he may give to [him that is] good before God. This also [is] vanity and vexation of spirit. Proverbs 28:8 He that by usury and unjust gain increaseth his substance, he shall gather it for him that will pity the poor. James 2:15-16 If a brother or sister be naked, and destitute of daily food, 16 And one of you say unto them, Depart in peace, be [ye] warmed and filled; notwithstanding ye give them not those things which are needful to the body; what [doth it] profit? Matthew 25:35-40 For I was an hungred, and ye gave me meat: I was thirsty, and ye gave me drink: I was a stranger, and ye took me in: 36 Naked, and ye clothed me: I was sick, and ye visited me: I was in prison, and ye came unto me. 37 Then shall the righteous answer him, saying, Lord, when saw we thee an hungred, and fed [thee]? or thirsty, and gave [thee] drink? 38 When saw we thee a stranger, and took [thee] in? or naked, and clothed [thee]? 39 Or when saw we thee sick, or in prison, and came unto thee? 40 And the King shall answer and say unto them, Verily I say unto you, Inasmuch as ye have done [it] unto one of the least of these my brethren, ye have done [it] unto me. Luke 3:10-14 And the people asked him, saying, What shall we do then? 11 He answereth and saith unto them, He that hath two coats, let him impart to him that hath none; and he that hath meat, let him do likewise. 12 Then came also publicans to be baptized, and said unto him, Master, what shall we do? 13 And he said unto them, Exact no more than that which is appointed you. 14 And the soldiers likewise demanded of him, saying, And what shall we do? And he said unto them, Do violence to no man, neither accuse [any] falsely; and be content with your wages. Luke 16:10 He that is faithful in that which is least is faithful also in much: and he that is unjust in the least is unjust also in much. Matthew 25:21 His lord said unto him, Well done, [thou] good and faithful servant: thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord.   Vision About The Wealth Transfer Victoria Ang, 7/28/23 link The enemy does not want this Word to go out!!! I typed up the whole post; I went to send and everything got deleted!!! So I had to start all over again!!!! I wanted to share some encouragement the Lord gave me this morning. I was woken in the early morning hours as usual to pray, around 5 AM. I spent about an hour in prayer, praise and worship. Afterwards, I wanted to go back to sleep for a little bit before getting up for the day to tackle tending the animals. Immediately after prayers, I received a vision…. In the VISION, I saw I had a check in my hand. I was made to know I could cash it. There was a woman standing in front of a register. I handed her the check. As I gave it to her, she dropped it on the floor. She bent over to pick the check up to cash it for me. She looked at the check and opened her drawer and pulled out large stacks of bills in piles. Before giving it to me, she glanced once again to verify the amount. As she was verifying, she put the large piles of money back into the drawer. She walked over to a HUGE bank vault. She put the combination in and opened the vault. She walked into the vault as I waited to receive my money. Next she came back out pushing an enormously big cart. Full from top to bottom with stacks upon stacks upon stacks of money! She went to give me the money and the vision ended! Interpretation: his vision is about the wealth transfer that will soon occur. Money from the evildoers that has been hidden. And those who stashed money away for themselves are about to fall from their hands to the ground. Losing EVERYTHING! (God takes it for His use.) And transferred to God's righteous! Blessing them in abundance!!! The Lord God has made it known to those who will receive the funds!   1978 Prophecy Wealth Transfer Charles Capps Posted 2/5/26 link Transcript: Here's a prophecy Charles Capps gave February 1, 1978, in a meeting in Honolulu, Hawaii. Financial inversion shall increase in these days. Now, let's define financial inversion or inversion. A turning upside down or inside-out reversal of position. Have you got it? Turning upside down or inside out. Reversal of position. One party has it, oppressing others with it. But after the inversion, positions change. That's what an inversion is. Now listen to this. Financial inversion shall increase in these days. For you see, it is My desire to move in the realm of your financial prosperity. But release Me, saith the Lord, release Me that I may come in your behalf and move on your behalf. For yes, yes, yes, there shall be in this hour financial distress here and there. The economy shall go up and it will go down. (Now, this was prophesied in 1978.) The economy shall go up and it will go down. But those that learn to walk in the Word, they shall see the prosperity of the Word come forth in this hour in a way that has not been seen by men in days past. Yes, there's coming a financial inversion in the world's system. It's been held in reservoirs of wicked men for days on end, but the end is nigh. Those reservoirs shall be tapped and shall be drained into the gospel of Jesus Christ. It shall be done, saith the Lord. It shall be done in the time allotted. And so shall it be that the Word of the Lord shall come to pass that the wealth of the sinner is laid up for the just. Predominantly in two ways it will be done in this hour. Those that have hoarded up and stored because of the inspiration of the evil one and held the money from the gospel shall be converted and drawn into the Kingdom. Then shall it release that reservoir into the Kingdom. Now the Spirit of God said that wealth will come in two ways. Number one, many of those people will be born again and bring their wealth into the Kingdom. Can you shout amen? Amen. And then the other way He said, but many, many will not. They'll not heed the voice of the Word of God. They'll turn aside to this and they'll turn aside to that and they'll walk in their own ways, but their ways will not work in this hour. It'll dwindle and it'll slip away as though it were in bags with holes in them. It'll go here and it'll go there and they'll wonder why it's not working now. It worked in days past, they'll say. I mean, the world's at that point right now. They cannot figure out why what they've done all these years is not working anymore. But it shall be, saith the Lord, that the Word of the Lord shall rise within men; men of God, of low esteem in the financial world. They shall claim the Word of God to be their very own and walk in the light of it as it has been set forth in the Word and give. They'll begin to give small at first because that's all they have. But then it will increase. And through the hundredfold return, so shall it be that the reservoirs that have held the riches in days past, so shall it return to the hands of the giver. Because of the hundredfold return shall the reservoirs be lost from the wicked and turn to the gospel. For it shall be in this hour that you will see things that you never dreamed would come to pass. Oh, it'll be strong at first in ways, then it will grow greater and greater until men will be astounded, and the world will stand in awe, because the ways of men have failed, and the ways of God shall come forth. As men walk in My Word, so shall they walk in the ways of the Lord. Oh yes, there will be some who say, "Yes, but God's ways are higher, surely higher than our ways, and we can't walk in those." It's true that the ways of God are higher. They are higher than your ways as the heavens are above the earth. But I'll teach you to walk in My ways. I never did say you couldn't walk in My ways. Now learn to walk in it. Learn to give. So shall the inversion of the financial system revert. And so shall it be that the gospel of the Kingdom shall be preached to all the world. And there shall be no lack in the Kingdom. Those that give shall walk in the ways of the supernatural. They shall be known abroad. My Word shall spread and the knowledge of the Lord shall fill all the earth in the day and the hour in which you stand. Ye shall see it and know it, for it is of Me and it shall come to pass, saith the Lord. Can you shout, "Amen?" Now, that was prophesied in 1978. God said there would be an allotted time. And we're walking in it right now. The inversion has begun. Now the door is not fully open…. Before Cyrus/Trump came to deliver the people of God from Babylon DS, there was a plan by previous Socialist Communists to redistribute the wealth to themselves and those who are bent on destroying the people of God, like Haman and his people in Esther. But Mordecai, representing the pre-anointed Man-child, and Esther, representing the Bride, interceded to the King, which overthrew their evil plan, which is what we are now seeing. Ecc.1:9-10 That which hath been is that which shall be; and that which hath been done is that which shall be done: and there is no new thing under the sun. 10 Is there a thing whereof it may be said, See, this is new? it hath been long ago, in the ages which were before us. Cyrus gave great wealth, taken from Babylon's treasury, into the hands of God's people to leave Babylon and rebuild the Kingdom, represented by the Temple, in the Promised Land. So Trump is doing now, by the hand of God, through the RV and GCR. Ezr.6:4 with three courses of great stones, and a course of new timber: and let the expenses be given out of the king's house. This was a great redistribution of wealth to God's people. 2Ch.36:22 Now in the first year of Cyrus king of Persia, that the word of Jehovah by the mouth of Jeremiah might be accomplished, Jehovah stirred up the spirit of Cyrus king of Persia, so that he made a proclamation throughout all his kingdom, and put it also in writing, saying, 23 Thus saith Cyrus king of Persia, All the kingdoms of the earth hath Jehovah, the God of heaven, given me; and he hath charged me to build him a house in Jerusalem, which is in Judah. Whosoever there is among you of all his people, Jehovah his God be with him, and let him go up. (These represent a first fruits of those to leave Babylonish religion to go to the true place and teaching of God. Building the Temple represents the building of the saints who are the temple of God. Jesus is the Temple of God and they are coming into His image.) The people also contributed great wealth towards this rebuilding. Ezr.1:4-11 And whosoever is left, in any place where he sojourneth, let the men of his place help him with silver, and with gold, and with goods, and with beasts, besides the freewill-offering for the house of God which is in Jerusalem. 5 Then rose up the heads of fathers' houses of Judah and Benjamin, and the priests, and the Levites, even all whose spirit God had stirred to go up to build the house of Jehovah which is in Jerusalem. 6 And all they that were round about them strengthened their hands with vessels of silver, with gold, with goods, and with beasts, and with precious things, besides all that was willingly offered. 7 Also Cyrus the king brought forth the vessels of the house of Jehovah, which Nebuchadnezzar had brought forth out of Jerusalem, and had put in the house of his gods; 8 even those did Cyrus king of Persia bring forth by the hand of Mithredath the treasurer, and numbered them unto Sheshbazzar, the prince of Judah. 9 And this is the number of them: thirty platters of gold, a thousand platters of silver, nine and twenty knives, 10 thirty bowls of gold, silver bowls of a second sort four hundred and ten, and other vessels a thousand. 11 All the vessels of gold and of silver were five thousand and four hundred. All these did Sheshbazzar bring up, when they of the captivity were brought up from Babylon unto Jerusalem. (These vessels of the house of God represent His people who were taken captive by Babylon but were released by Cyrus to be returned to the Promised Land to live on the promises.) Ezr.6:5 And also let the gold and silver vessels of the house of God, which Nebuchadnezzar took forth out of the temple, which is at Jerusalem, and brought unto Babylon, be restored, and brought again unto the temple which is at Jerusalem, every one to its place; and thou shalt put them in the house of God. ………………………………………… (Here is some news and predictions from the Alliance. Sometimes their dates are disinformation to throw off the enemy's plans. They wisely may not give a date when they finally do some things. The D.S.is warring to stop them.) Restored Republic via a GCR Update as of Sat. 26 Sept. 2026 On Thurs. 1 Oct. 2026 The Bankrupt US Inc. Corp. Government Closes Shutting Down Their Privately Owned Federal Reserve & IRS. Government Shrinks 90-95% As The Global Military Alliance Takes Control Until New Elections. United States of America Republic Begins Under Gold/asset-backed QFS & GCR Activation. Emergency Broadcast System Broadcasts Take Over Phones, TV, Radio To Explain What's Going On Judy Note: Think Congress went on recess Friday until after the November election? Think again. With US Inc. Bankrupt, there would be no November election for that private corporation. Most of it's Congressional officers were said to be under arrest, charged with Treason and Crimes Against Humanity. Within 60 days there would be an election for the new United States of America Republic that starts its new fiscal year on Thurs. 1 Oct. 2026 under a gold-backed US Note as part of a Global Currency Reset. To accomplish a new US Republic that runs under concepts of the original Constitution, President Trump and the Global Military Alliance have been executing the largest Sting Operation in history. Over 80 nation's Military forces across the globe were mobilized – US, Canada, UK, EU, and beyond. They've already arrested and tried over half a million Global Elites for Crimes Against Humanity. On Thurs. 1 Oct. 2026 the Global Elite Cabal's US Inc. Corp. Government would be dissolved, finally ending their fiat monetary system and closing their US Inc. government. On that same Thurs. 1 Oct. 2026 the privately owned (by Cabal bankers) Federal Reserve and IRS would shut down because US Inc. Corp.'s fiscal year ended. It was bound to happen. US Inc. has been bankrupt since 2008, with no Congressional budget approvals, or accountability – just running on fumes with a fiat dollar. The Cabal's Blackrock was also Bankrupt. This was the Deep State's financial arm that controlled more wealth than entire nations. With 209 nations' switching to the gold/asset-backed currency system on Thurs. 1 Oct, the Deep State no longer had access to Taxpayer monies. So sad. All banks worldwide not Basel III compliant (have gold backing to their monies) will be closed. The Basel III regulations could alter the real estate market in unprecedented ways. In the first week of October the Emergency Broadcast System was set to activate and broadcast documentaries 24/7 on the state of the World. With the QFS activation, governments as we know them were expected to shrink by 90-95%. The Global Military Alliance will take control worldwide until after elections, which have to be held within 60 days. Forget the November elections. They're not happening, not on this timeline. NESARA GESARA was well in force as countries worldwide were activating the gold/asset-backed Quantum Financial System and Global Currency Reset. The BRICS nations heads the greatest wealth transfer in history. 134 nations were ditching the fiat US dollar and moving to gold-backed currencies. Each of these currencies will trade at a 1:1 ratio. Also on Thurs. 1 Oct the new United States of America Republic will start its new fiscal year under a gold-backed US Note as part of the Global Currency Reset. “Peace Without Concession. Order Without Apologies. Truth Without Permission. You Are Watching The Return of A Republic. Not Announced, But Executed.” …Nesara Gesara Secrets on Telegram Fri. 25 Sept. 2026 “The Greatest Financial & Political Shift in Modern History is Underway. The Global Currency Reset Has Been Released. Mass Arrests Have Been Happening For Some Time. Be Ready. Blackout (of communication). The World is Connected & Watching. TRUST THE PLAN,” …Tier4b ISO20022 on Telegram Fri. 25 Sept. 2026 At the conclusion of the GCR the general population Worldwide would be invited into a Redemption Center to set up their personal wallets (formerly known as bank accounts) on the new Starlink Satellite System. Individuals would set up their wallet by way of their own body rhythms and DNA. The system was digital and completely secure. No one but that person could access their own account. The digital account would be accessed through their cell phone. ATMs would be available to obtain cash. A integral part of the revolution to make the World a Better Place through release of the GCR, was better health for all people of the World through release of Med Bed treatments. It is my understanding that Med Bed Treatment Centers have been built around the World and some were actively treating clients right now. Some large hospital chains have been bought out and Med Beds have been placed in them with doctors, nurses and medical staff fully trained in the process. People will be issued Med Bed cards to cover cost of their treatments in their own countries. The United Arab Emirates has hereby suspended Iranian flights, complying with Treasury Sec. Scott Bessent's devastating and ultimate sanctions. BESSENT LAST NIGHT: “External flights from Iran, probably more than 80%-90% got shut down. I'm not sure how the Iranian representatives at the UN are gonna get home!” Bessent's order made clear that any country aiding Iranian flights will FAFO be out of the American system. Countries must basically shun any Iranian airline aircraft if they even try landing there. …Trump Office on Telegram Fri. 25 Sept. 2026. CUBA'S ENTIRE POWER GRID JUST COLLAPSED. Total blackout. Officials have no idea when it comes back. Rubio's been saying it: the economic model is the problem. Communism. They leeched off Venezuelan oil. That tap is gone. Venezuela is aligned with the U.S. now. The lights went out. The regime is next. …Fox News Fri. 25 Sept. 2026 Possible Timeline of Global Currency Reset: …JFK on Telegram Thurs. 24 Sept. 2026:  https://t.me/johndurhamchannel By Thurs. 17 Sept. 2026 the US Inc. was broke,  sixty-three Cabal banks sat insolvent, seventy-five Cabal banks had been seized, the Chinese Elders wiped out the US National Debt, Visa and Mastercard rails were dead and Petrodollar contracts expired the next day on Fri. 18 Sept. 2026.  On Wed. 23 Sept. 2026 at ten am EST the Federal Reserve System was shut down and bank wires were no longer going through on the old SWIFT System. On Wed. 23 Sept. 2026 at 6 pm EST the Quantum Financial System (QFS) was absorbed by the new US Treasury. On Thurs. 24 Sept. 2026 at 2am EST 23 global currencies on the QFS Trading Platform were activated and began trading. On Thurs. 24 Sept 2026 at 4 pm EST total activation of the QFS System occurred. his weekend Fri 25 to Sun 27 2026 will be an amazing revelatory weekend. Groups out West will be notified that they have access to funds. On Fri. 25 Sept. 2026 Trump gave the go-ahead for a Global Currency Reset of 209 nations to gold-backed currencies. Schedules were ready at Redemption Centers. Six new QFS nodes in Atlanta, Warsaw, Bangkok, Mexico City, Melbourne and Toronto pulsed live after the Kahlooni Family Gathering locked in the Restored Republic window. On Sun. 27 Sept. 2026 at 5pm EST Trump will give his keynote address. On Mon. 28 Sept. 2026 Blackout: NESARA will kick off. The main arrests begin of judges, prosecutors and lawyers who were paid by George Soros to betray and sabotage the United States. On Mon. 28 or Tues. 29 Sept. 2026 Tier4b (us, the Internet Group) should be notified to set exchange/ redemption appointments, a

In 2014, the economists Owen Zidar and Eric Zwick were asked by the US Treasury to conduct a study on the tax burden of private business owners. One of their central findings is that there are about three million private business owners who have an average wealth of around $25 million. The research they conducted led to their new book, The Everywhere Millionaire: Who Is Really Rich in America and How They Got There.On this week's Weekend Listen, Odd Lots co-hosts Joe Weisenthal and Tracy Alloway talk to Zidar and Zwick about how they measured the actual number of rich people in America, why income inequality started to rise in tandem with the growing number of pass-through businesses, and how it's possible that the collective revenue of the nation's dentists far exceeds that of the NFL. Read more:Tech’s New Rich Are Suffering From ‘Sudden Wealth Syndrome’Jobless Tech Workers Are Being Left Out of San Francisco’s AI BoomSee omnystudio.com/listener for privacy information.

✔️ Just another liquidity grab before the next move higher.✔️ IF BTC can reclaim this monthly FVG, $94.5K is the next area to watch✔️ BTC breaks above 126K sometime between May and September 2027.✔️ BTC got rejected at the main resistance area, as expected.✔️ Incredibly clean for a shallow retest.✔️ Breakout and retest. Moon.✔️ $420k is the next obvious target for Bitcoin.✔️ VanEck says the Bitcoin bear market is over.✔️ It takes fewer and fewer BTC to buy the entire money stock.✔️ Is the bitcoin bear market finally over?✔️ 10-year US Treasury rates are back to 2007 levels..✔️ Pakistan Minister made the case for creating a strategic Bitcoin Reserve✔️ Trump administration is considering a plan to promote dollar-backed stablecoins overseas✔️ Liquid Network Update✔️ Bitget Hot Wallet Incident — September 24, 2026✔️ Shielded Bitcoin: Private Transfers on Bitcoin L1✔️ Wesatoshis × ERA✔️ UmbrelOS 2.0 Just a small computer, at home, that becomes your cloud.✔️ Art From Midwest bitcoin summit ✔️ Samourai Letter #7✔️ Sources:► https://x.com/bitcoinmunger/status/2102804902967947466 ► https://x.com/Washigorira/status/2103153893077385564► https://x.com/killaxbt/status/2102874561653915940► https://x.com/cryptojellenl/status/2103012845013422551► https://x.com/cryptojellenl/status/2103156253367447568► https://x.com/ghostawyeebob/status/2103151507105587500► https://x.com/gordongekko/status/2102669601901527433► https://x.com/BitcoinArchive/status/2103104936124792983► https://x.com/david_eng_mba/status/2103162543078531408► https://x.com/river/status/2102853588200628663► https://x.com/formerdrjeff/status/2103099967628009549► https://x.com/bitcoinmagazine/status/2102759910928998549► https://x.com/coindesk/status/2103077364229902699► https://x.com/Liquid_BTC/status/2100696334596452426► https://x.com/hodlbits/status/2103201222123770160► https://x.com/gracybitget/status/2103235655879074084► https://x.com/defi_warhol/status/2103399339225911712► https://x.com/allocinitxyz/status/2103124026214568209► https://x.com/gregory_nico/status/2103159187618357428► https://x.com/we_satoshis/status/2103075141022335309► https://x.com/umbrel/status/2102430946603810900► https://x.com/needcreations/status/2103124959333605556► https://x.com/buckethatbtc/status/2102786860460183983► https://x.com/theragetech/status/2103162981744017563► https://www.therage.co/letter-7-notes-from-the-inside/► DONATE TO HELP KEONNE AND BILL https://www.change.org/p/stand-up-for-freedom-pardon-the-innocent-coders-jailed-for-building-privacy-tools► Join Our telegram: https://t.me/theplebunderground#Bitcoin #crypto #cryptocurrency #dailybitcoinnews #memecoinsThe information provided by Pleb Underground ("we," "us," or "our") on Youtube.com (the "Site") our show is for general informational purposes only. All information on the show is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on the Site. UNDER NO CIRCUMSTANCE SHALL WE HAVE ANY LIABILITY TO YOU FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THE SHOW OR RELIANCE ON ANY INFORMATION PROVIDED ON THE SHOW. YOUR USE OF THE SHOW AND YOUR RELIANCE ON ANY INFORMATION ON THE SHOW IS SOLELY AT YOUR OWN RISK.

US Treasury yields soared on Wednesday, Iran's President Masoud Pezeshkian said Tehran was prepared to negotiate with the US, and the FT's Sam Fleming explains why the UK budget is in a tight spot. Plus, billions of dollars of Rosneft's foreign earnings were funnelled through a Kremlin-backed money-laundering network, and Syria's search for justice for Assad-era crimes could spark more unrest.Mentioned in this podcast:US Treasury yields soar most since ‘liberation day' tariffs shook marketsTreasury open to smaller fiscal headroom to reduce tax hikesThe FT's Budget dashboard: the data confronting Chancellor John HealeyRosneft billions fed Kremlin-backed money laundering networkSyria: a dangerous search for justiceCrime and punishment in the Middle EastCredit: PBSWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcastsThe FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT's global head of audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Plus: Oil prices fluctuate amid dissonant reports from the Middle East. And Oracle shares slump after reports it invoked force majeure on a data center project. Danny Lewis hosts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this week's Live from the Vault, Andrew Maguire explains how Hong Kong's global gold exchange launch is set to dwarf any previous shift in gold market structure, as China connects 30,000 tonnes of physical gold to international markets.With Western gold inventories drained by relentless physical demand, Andrew outlines why gold no longer follows interest rates the way it once did - why the current dip is being viewed as an accumulation opportunity by the world's largest buyers. Send your questions to Andy here: https://www.speakpipe.com/LFTVTimestamps: 00:00 Start02:07 Why the recent selloff is short-term noise - and what the charts reveal07:01 How Asian buyers are using dollar strength to accumulate underpriced gold11:28 Hong Kong's full global launch in Q1 2027 - what it changes for gold pricing18:44 Why London's tokenised gold push is a defensive move, not a solution23:16 How 30,000 tonnes of physical liquidity is being connected to global markets29:04 China's US Treasury holdings at an 18-year low - where the money is going35:12 Gold has broken its relationship with real yields - what that signals41:08 How the SGE launch can front-run paper markets just as Basel III didSign up for Kinesis on desktop:https://kinesis.money/mr-k-gold-savings/Download the Kinesis Mobile app - available App Store and Google Play:Apple: https://kms.kinesis.money/signupGoogle: https://play.google.com/store/apps/details?id=com.kinesis.kinesisappAlso, don't forget to check out our social channels where you can stay up to date with all the latest news and developments from the team.X: https://twitter.com/KinesisMonetaryFacebook: https://www.facebook.com/kinesismoney/Instagram: https://www.instagram.com/kinesismoney/Telegram: https://t.me/kinesismoneyTikTok: https://www.tiktok.com/@kinesismoneyThe opinions expressed in this video by Andrew Maguire and any guest are solely their own and do not reflect the official policy, position, or views of Kinesis. The information provided is for general informational purposes only and does not constitute investment advice, financial advice, or any other type of professional advice.Viewers are encouraged to seek independent financial advice tailored to their individual circumstances before making any decisions related to the gold market or other investments. Kinesis does not accept any responsibility or liability for actions taken based on the content of this video.

US Treasury yields surge the most since last year's tariff turmoil and what's next for gold? Bond yields surged globally as stronger-than-expected economic data reinforced higher-for-longer rate expectations. US Treasury yields recorded their biggest jump since last year's tariff-related market turmoil, while Japan's 10-year yield rose above 3% for the first time since 1996. Brent oil moved back above USD 100 per barrel. The safe-haven USD was well bid, while European and US equities moved lower. Asian markets were mixed today, with Japan rising after a three-day holiday. Carsten Menke, Head of Next Generation Research, discusses precious metals - from Fed policy to China's gold buying, he talks about what is likely to drive the gold and silver markets, and what is just noise.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Mike Rauber, Product & Investment Content (07:04) - Gold and silver: Carsten Menke, Head of Next Generation Research (11:47) - Closing remarks: Helen Freer, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

In this episode, Demetri Sevastopulo and Xiangwei Wang join the ChinaPower Podcast to discuss the current state of U.S.-China relations and what to watch for at the Trump-Xi summit in Washington, D.C. Demetri provides the inside scoop as one of very few people to interview US Treasury secretary Scott Bessent after his meeting with Chinese vice-premier He Lifeng ahead of the summit. Xiangwei provides his expert take on Xi Jinping's thinking as former editor-in-chief for the South China Morning Post. They examine efforts to stabilize U.S.-China relations and assess how issues ranging from AI and trade to Taiwan and Iran could shape the leaders' discussions and the future trajectory of the relationship. Demetri Sevastopulo is a U.S.-China correspondent at Financial Times. Xiangwei Wang is a senior visiting scholar at Harvard and former editor-in-chief of the South China Morning Post. Note: This episode was recorded on September 22, 2026, prior to the Trump-Xi summit.

Investment funds boast triple-digit returns. Retail investors enthusiastically pile in. Then – surprise! – they turn out to be scams… and implode. The story that played out in Istanbul last week may be as old as the city's Grand Bazaar. But what does it say about financial regulation in Turkey, and should foreign investors be concerned? Host Rob Armstrong catches up with the FT's Turkey correspondent, John Paul Rathbone. Plus, Rob shorts the 10-year US Treasury, while JP goes for a long swim in the Bosphorus.For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.You can email Robert Armstrong and Katie Martin at unhedged@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US Treasury yields have crossed 5% — so is this finally the moment to lock in attractive bond income, or could yields still climb from here? Michelle Martin speaks with Swapnil Mishra, author of Investing for the Clueless, Reckless and Overly Cautious, about where he sees opportunity across short and long-duration bonds, and why Singapore’s booming bond market is giving local investors more choices. They also unpack an unusual market puzzle: why are gold and the US dollar attracting investors at the same time? And after gold’s big run, are new buyers purchasing protection — or simply chasing performance? Plus, what should investors make of AI leaders themselves calling for greater caution?See omnystudio.com/listener for privacy information.

These are the top headlines from Arab News, the Middle East's leading English-language daily, on Monday Sept. 21th at 6pm GMT. - Pakistan interior minister in Tehran to discuss regional developments - officials - US Treasury chief says Iran airlines to be ‘shut down' Sept 23 - UK maritime agency says Hormuz tanker hit by debris from projectiles - Trump spoke with Yemen's president Al-Alimi on Sunday, sources say - US refuses visas for Iran president's UN communications team: state media Check out the latest updates on https://arabnews.com

The Fed has raised rates for the first time since 2023. So what does that mean for REITs like Realty Income, Agree Realty and VICI? We explain why real estate stocks are so sensitive to interest rates, compare them with a 5% US Treasury, and share the prices where we'd start buying again.Also this week: Warren Buffett's full retirement, Nike losing Mbappé to On, and dividend raises from Texas Instruments, McDonald's (now a Dividend King), Microsoft, Philip Morris and JPMorgan.Your questions: pre-market trading, how we use AI for stock research, high yield vs dividend growth, Fielmann, TFF Group and why Edgi still holds Evolution AB.Get free samples of our premium newsletter: https://dividendtalk.eu/download-your-free-samples/Join us Real Life Meetup in Budapest - https://docs.google.com/forms/d/e/1FAIpQLSeD8Hs0Hop16D1upiFlUw4SGjfLh2nim1kmb17ASMYGBJYBaw/viewform?usp=header on Discord: https://discord.gg/nJyt9KWAB5Facebook group: https://www.facebook.com/groups/dividendtalkNot financial advice. Do your own research.

Today's show discusses this week's Fed rate hike and why it won't have any effect on inflation. Why monetary policy no longer affects the economy—either inflation reduction or economic growth stimulation—due to long term financialization, globalization and now Trump policies as well. Why the US Treasury market is approaching crisis and needs higher interest rates by the Fed. Why sales of Treasuries to fund the US budget deficit may not occur. Result is deeper US economic crisis and inability to finance rising deficit spending. The show also explains how and why AI is out of control and can't be regulated. ...

In this episode of “Tax Stuff You Should Know,” hosts Bob Pluth and Gene Magidenko discuss a significant Fifth Circuit reversal of its earlier decision addressing the self-employment tax treatment of limited partners. They revisit the determination of limited partner status for purposes of determining self-employment taxes and why that distinction can have major tax consequences for partnerships and their owners. The conversation also examines the ongoing debate between bright-line and functional tests for determining limited partner status, the challenges created by evolving partnership structures, and that future action from the US Treasury or US Congress is needed to bring greater clarity to this complex area of tax law. Key Takeaways - Limited partner status can significantly affect self-employment tax liability. - Courts continue to grapple with how limited partner status should be determined. - Bright-line and functional approaches offer competing frameworks for analysis. - The Fifth Circuit's decision may influence future partnership tax planning. - The promulgation of regulations by Treasury or the clarification of the law by Congress is necessary to resolve longstanding questions in this area. NOTE: On September 17, subsequent to the recording of this podcast, the US Court of Appeals for the Second Circuit held in Soroban Capital Partners LP v. Commissioner that, for self-employment tax purposes, a “limited partner” means one who has limited liability and does not run, manage, or control the partnership's business, affirming the Tax Court's functional approach.

"You are going to see a crack in the bond market."   This episode breaks down why the bond market, not the stock market, is the one investors should be watching right now, as 30-year US Treasury yields hit their highest levels in about two decades. He explains what a bond actually is, how it differs from a stock, and why the US government has had to start buying its own debt to stabilize the market.   Jaspreet Singh walks through why Treasury yields set mortgage, auto loan, and credit card rates across the economy, and why traditional lenders like the Federal Reserve, foreign governments, and banks have grown more cautious about lending to the US. He also covers the debt to GDP ratio, the risk of a self-reinforcing "doom loop," and how investors might think about positioning their money depending on which direction the economy heads.   In this episode, you'll learn: The core difference between owning a stock and owning a bond, including who gets paid first in a bankruptcy Why the 10-year Treasury yield sets mortgage, auto loan, and credit card rates across the economy Why the Federal Reserve, foreign governments like Japan and China, and banks have become more cautious lenders to the US How the 2022 Silicon Valley Bank collapse was tied to rising Treasury yields and falling bond prices How the Genius Act requires crypto companies like Tether to buy US Treasuries, becoming a fast growing source of demand Why the US debt to GDP ratio has grown from about 55% in 2000 to roughly 125% today The "doom loop" scenario, where rising debt, higher rates, and money printing can feed into each other The two paths forward, the economy outgrowing the debt versus the doom loop, and how that shapes investment decisions   Keywords: bond market, Treasury yields, national debt, mortgage rates, Federal Reserve, Silicon Valley Bank, Genius Act, debt to GDP, doom loop, investing   ✅ Register for my investing Workshop & get Market Briefs as a bonus: 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 ----------

China's US Treasury holdings have fallen to an 18-year low as Beijing diversifies its assets. Why is China reducing its recorded Treasury exposure, and where could the money be moving?

Headlines:Iranian foreign minister Abbas Araghchi is in Beijing today to meet with his Chinese counterpart, Wang Yi.A Russian bank just got dinged by the US Treasury for laundering dirty Iranian money.Malaysia seized three shipping containers headed for Israel as they transited through a major Malaysian port.--FDD Executive Director Jon Schanzer provides timely situational updates and analysis, followed by a conversation with FDD Senior Fellow Bernard Haykel.Learn more at: https://www.fdd.org/fddmorningbrief

Many conversations about development for focus on aid: how much, from whom, and for how long. But aid has never been more than a small part of what pays for a country's development, and in 2025 it fell by 23.1%. The need to rethink our attitude to development has inspired the Future of Development Cooperation Coalition (FDCC). In this week's episode, Alexia Latortue and Radha Rajkotia of FDCC talk to Tim Phillips about its first report,. The report assesses the development challenges of LMICs using a balance sheet approach, with assets on one side and liabilities on the other. Tax revenue, remittances, pension and sovereign wealth funds, trade, natural resources and the skills of the population sit on the asset side. Unsustainable debt, illicit financial flows, poor credit ratings, weak institutions, climate exposure and conflict sit on the other.The idea? Each country focuses on the policies to develop their most important assets, and minimise their most problematic liabilities. They argue that governments and donors alike should stop thinking of developing countries as recipients of aid, and start thinking of them as partners in economic development.The research behind this episode:Future of Development Cooperation Coalition. 2026. "The Development Balance Sheet: Rethinking Development Cooperation from the Ground Up." Published 20 May 2026. Research team: Radha Rajkotia, John Norris and Mma Amara Ekeruche.To cite this episode:Phillips, Tim, Alexia Latortue, and Radha Rajkotia. 2026. "Rethinking development cooperation: The case for a 'balance sheet' approach." VoxDev Talks (podcast). About the guestsAlexia Latortue is Head of Secretariat of the Future of Development Cooperation Coalition and a Distinguished Non-Resident Fellow at the Center for Global Development. She served as Assistant Secretary for International Trade and Development at the US Treasury, where she led work on reforming the multilateral development banks and on using public finance to pull private capital into emerging markets. She was previously Deputy CEO and Managing Director for Corporate Strategy at the Millennium Challenge Corporation, sat on the Executive Committee of the European Bank for Reconstruction and Development, and spent ten years at the World Bank working on financial inclusion, ending as Deputy CEO of CGAP.Radha Rajkotia is Director of Research at the Future of Development Cooperation Coalition and lead researcher on this report. She was Chief Executive Officer of Building Markets and, before that, Chief Research and Policy Officer at Innovations for Poverty Action, running its strategy across 22 countries. She spent eleven years leading the economic recovery and development unit at the International Rescue Committee, on work spanning cash-based relief and job creation in conflict settings. She holds a PhD in Refugee Studies from the University of Sussex, is a Senior Policy Fellow at the Henry Leir Institute at Tufts University, and teaches at Georgetown.Research cited in this episodeThe balance sheet approach. The report sets out assets and liabilities but argues that neither is a checklist. Some entries are country-specific, such as natural resource endowments or exposure to climate risk. Others are structural, such as a sovereign credit rating, which constrains or enables progress regardless of what a government does at home. The point of the exercise is situational awareness before prioritisation, not a universal to-do list.The 30 national development strategies. The research team reviewed the current development strategies of 30 countries across Africa, Asia and Latin America. All 30 prioritise economic transformation and human capital. Governance appears as a stand-alone pillar in two-thirds of them. Inequality is a defining element in almost every Latin American strategy and largely absent as an explicit constraint in Africa and Asia. Most countries frame technology as digital economy rather than as AI governance or chip access, which the report reads as a widening sophistication gap.Nigeria and Ethiopia. The report's worked comparison. Ethiopia attracts more than three times Nigeria's foreign direct investment despite being roughly 100 million people smaller. Nigeria has strong tax revenues, considerable pension fund assets, a heavy debt servicing burden and large losses to illicit financial flows. Ethiopia has a narrow tax base and weak compliance, suffers far less from illicit flows, carries a lighter debt service burden and is nonetheless in debt distress.Debt as both asset and liability. Low-income countries spend 18% of government revenue on average servicing foreign debt. Angola, Laos, Bhutan, Pakistan, Egypt, Sudan, the Bahamas, Tunisia, Zambia, Benin and Senegal each spent more than 30% of tax revenues on debt servicing in 2024. As of 2026, 27 countries face a high risk of debt distress and nine are already in it, the majority of them in Africa. Latortue argues that the problem is the price, tenor and currency of debt rather than debt itself, and that restructuring machinery built around the Paris Club has not kept up with a creditor base that now includes China, Gulf states and a large body of commercial lenders.Credit ratings. Only eight countries across Latin America and Africa hold an investment-grade rating from Moody's, Fitch or S&P. They are Chile, Mexico, Panama, Paraguay, Peru, Uruguay, Botswana and Mauritius. A UNDP analysis cited in the report estimates that flawed ratings have cost African countries as much as $74.5 billion in excess interest and foregone investment, more than the continent's entire net receipt of official development assistance. The African Union is launching its own credit rating agency in 2026.South-South trade. UNCTAD figures in the report put South-South merchandise exports at about $0.5 trillion in 1995 and $6.8 trillion in 2025. Some 57% of developing-country exports now go to other developing markets. Rajkotia points to the Africa Continental Free Trade Area and to Mercosur as existing infrastructure that could support production integration rather than trade agreements alone.Demographics. Africa's working-age population is expected to double by 2050, which the report treats as an asset conditional on policy. By 2050 only 26% of the world's population is projected to live in Europe, North America and China, falling to 18% by 2100.Domestic capital in Africa. Latortue cites more than $4 trillion of assets held across the African continent, a figure that combines central bank reserves, commercial bank assets, institutional investors, sovereign wealth funds, pensions and insurance. Her argument is that moving even a small share of it into productive investment would outweigh anything aid can now do. The report notes that Ghana mandated 5% of its pension fund for venture capital in 2025 and that Mexico legislated for an allowance of up to 30%.Conflict. The one item Latortue places firmly on one side of the ledger. She counts at least 60 live conflicts worldwide. The Peace Research Institute Oslo recorded more conflicts in 2024 than at any point since the Second World War, and more than half of all conflict-affected states now face at least two separate internal conflicts. Development work has a role in keeping the real economy going, she says, but the solutions are political.More VoxDev Talks episodesThe end of aid dependency. W. Gyude Moore argues that the contraction in aid is structural and that governments should use growth diagnostics to decide which offers of assistance to accept and which to turn down. The closest companion piece to this episode.Ethiopia's economy: Mamo Mihretu on economic reform and the macroeconomic foundations of growth. The other half of the report's Nigeria and Ethiopia comparison, told by the person who ran the reforms.Why civil service reform fails and what actually works. Martin Williams on the execution gap that this report identifies as a liability in its own right.Related reading on VoxDevTaxation in LMICs, a VoxDevLit edited by Anders Jensen, Anne Brockmeyer and Lucie Gadenne, reviews the evidence on why governments in low- and middle-income countries collect so much less of national income than their richer counterparts.

When the Terminator robots come for us all, will there be anywhere safe to run? Certainly not the US Treasury market, where the 10-year yield just broke the totemic 5% level. It's a sobering thought. But hosts Katie Martin and Rob Armstrong wonder if it's sobering enough to end the AI stock market mania? Also in the show, Rob and Katie take sartorial long positions on armholes and loafers.Until October 28 you can save on a standard annual digital subscription to the Financial Times at ft.com/unhedgedsale.For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.You can email Robert Armstrong and Katie Martin at unhedged@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The Supreme Court refused to clear the Postal Service to enforce new restrictions on mail-in ballots for the congressional midterm elections, rebuffing the Trump administration’s request to intervene. The court denied the Justice Department’s request to lift a Boston federal judge’s order that barred the Postal Service from making its new mail-in ballot rules mandatory through the November contests. The Supreme Court's decision means that the Postal Service cannot enforce the new rules for the midterms, but the legal fight over whether the agency can ultimately adopt the rules for future election cycles may still continue. 2) The 10-year US Treasury yield rose to the highest in almost two decades, driven by surging energy prices, mounting debt and inflation. The yield on the global bond benchmark rose to 5.02% on Tuesday, surpassing a peak from 2023 to hit the highest since 2007. The pressure in the bond market raises the stakes ahead of the Federal Reserve’s interest-rate decision, where investors expect officials to raise short-term borrowing costs for the first time since July 2023. 3) President Trump's opposition to guardrails on artificial intelligence puts him at odds with lawmakers from both parties who have AI safety fears. Trump belittled a push led by Anthropic PBC and OpenAI to slow work on cutting-edge systems, dismissing existential fears about AI as "a hoax." Lawmakers are working on legislation aimed at addressing AI safety concerns, including a bipartisan group of senators who are working on legislation requiring top AI developers to prevent catastrophic risks.Eric MolloSee omnystudio.com/listener for privacy information.

US Treasury secretary Scott Bessent's interventions in the American bond market haven't worked so far, but could interest rate decisions from the Federal Reserve and Bank of Japan this week change things? Plus, Russia hit a Ukrainian train line moments after foreign dignitaries transited it, and the FT's Zehra Munir explains how protesters cancelled a data centre project in Virginia. Mentioned in this podcast:Warsh and Trump on collision course as investors expect Fed to raise ratesScott Bessent fails to break ‘fever' in US bond marketRussia strikes Ukrainian train line moments after foreign dignitaries passThe civil war in Data Centre AlleySubscribe to the FT: ft.com/briefingsaleWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT's global head of audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In today's episode on 14th Sept, we explain what the US Treasury is doing with bonds and why it doesn't seem to be working as intended.Sign up for the FREE insurance masterclass from Ditto

US government bond yields jumped to their highest level in almost three years, and the Japanese yen has strengthened this week. Plus, the IMF ditched a top candidate for chief economist at the last minute, and AI is writing the playbook for venture capital. Mentioned in this podcast:US Treasury yields jump as plans for $6bn buybacks disappoint investors‘I am the house now': Bessent warns currency traders not to bet against yenIMF ditched top candidate for chief economist job over Trump tariff remarksMoonshot capitalism: AI rewrites the venture capital playbookThe Dorchester hotel to sell Qatari sheikh's car over unpaid £460,000 billWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT's global head of audio. The show's theme music is by Metaphor Music. Hosted on Acast. See acast.com/privacy for more information.

Plus: The European Central Bank raises interest rates. And the Iran-backed Houthi militia seizes a key strategic port city, threatening Saudi oil exports. Alex Ossola hosts. Sign up for 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.

LOCK IN YOUR EARLY BIRD PRICE DISCOUNT FOR THOUGHTFUL MONEY'S FALL ONLINE CONFERENCE (OCT 17TH) at https://www.thoughtfulmoney.com/conferenceThe yield on the US Treasury 10-year bond is now dangerously near 5%That's the "line in the sand" portfolio manager Michael Lebowitz sees that, once hit, the economy and financial markets will start to buckle, and the Treasury and (likely) the Fed feel forced to step in an intervene to bring yields down.So, contrary to the current swirl of narratives projecting that yields will keep rising into 2027, Michael concludes it's more likely that they will peak soon and instead trend downwards for the next year or two.For all things bond-related, watch this video.#bonds #bondyields #interestrates _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.All the details on Thoughtful Money's relationship with the financial advisors it endorses, many of whom regularly appear on this program, can be found in the following documents. We highly recommend you review these documents as they cover the terms that will apply should you choose to work with one of these firms at any time after watching this video.Thoughtful Money Disclosure Document: https://thoughtfulmoney.com/disclosureThoughtful Money Agreement: https://thoughtfulmoney.com/agreementIMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

Crypto News: The US Treasury is set to do near $10 billion in bond buybacks which will make crypto and markets pump. On Sept. 15, the Senate holds its cloture vote on the CLARITY Act but republicans say the vote may fail.

This week we talk about money policies, yield curves, and government bonds.We also discuss the Fed, the Treasury Department, and a WWII accord between them.Recommended Book: Paved Paradise by Henry GrabarTranscriptIn April of 1942, a few months after the United States entered World War 2, the US Treasury Department asked the Federal Reserve to help it borrow a truly staggering amount of money, and as cheaply as possible. The Fed agreed, committing itself to holding short-term Treasury bill rates at three-eighths of 1%, while also capping the yield on long-term government bonds at 2.5%.This was a type of yield curve control. Rather than allowing the market to decide how much interest the government would pay, the Fed decided that price and promised to enforce it.That helped finance the war, because the Treasury knew its borrowing costs wouldn't spiral out of control at a moment when it needed to spend unprecedented sums on ships, planes, weapons, soldiers, and all the other machinery of an ongoing global conflict.The downside was that the Fed lost control of an important monetary policy lever.Bond prices and yields move in opposite directions, so keeping yields below a certain level meant the Fed had to stand ready to buy bonds whenever their prices dropped. It couldn't decide in advance how many it would buy, or how much money it would create in the process. The market would thus forth decide that, instead.Consequently, the Fed became, in some ways, an extension of the Treasury's debt-management operation, its inflation-related responsibilities made secondary to the government's need for cheap financing.That arrangement persisted after the war ended, despite the return of inflation, and President Harry Truman's administration pushed to maintain it during the Korean War, as well.Fed officials resisted, though, with inflation running at more than 8%, and after a very public, very contentious standoff, on March 4, 1951, the Treasury and the Fed announced that they had reached what became known as the Treasury-Fed Accord.That agreement did not make the Fed independent all at once, but it established the principle underlying the modern relationship between these institutions: the Treasury manages government borrowing, while the Fed sets monetary policy based on inflation and employment, not on how much that policy costs the government.The market, in other words, would once again be allowed to decide the price of long-term US debt.What I'd like to talk about today is what happens when that price goes up, what's pushing long-term US borrowing costs toward levels we haven't seen in decades, and why two people appointed by the same president are pulling in opposite directions on this issue.—The Federal Reserve's primary interest-rate lever is the federal funds rate, which is the overnight rate banks charge each other to borrow money. The Fed currently targets a range of 3.5 to 3.75 percent for that rate, and while it has other tools, this is the number people are usually talking about when they say the Fed raised, cut, or held rates.The Fed does not directly set the yield on 10- or 30-year Treasuries, though.Those securities are sold at auction and then traded in a huge secondary market, and their yields reflect a combination of what investors expect inflation to look like, where they think short-term rates will go over the life of the bond, and what's called the term premium.The term premium is basically extra compensation for uncertainty. If you lock up your money for 30 years instead of rolling over short-term debt, you accept the risk that inflation, growth, government policy, and other variables will change in ways that make your bond less valuable over that thirty year period. The more uncertain the future seems, the more compensation you're likely to demand.And again, when demand for a bond falls, its price falls and its yield rises. When we say yields are rising, that means borrowers have to offer investors, the people and institutions giving them the money they want to borrow, more money, more interest, to convince them to buy those bonds.That doesn't only affect the government. The 10-year Treasury serves as something like a reference rate for the entire economy, influencing mortgages, business loans, and the value of long-lived assets.As of September 3 of 2026, the average US 30-year fixed mortgage rate was 6.71%, up from 6.5% a year earlier. That increase is the result of yield increases in the bond market.Long-term Treasury yields have been climbing for much of 2026, and that climb accelerated over the summer.The 30-year yield reached about 5.31 percent on August 17, its highest level since 2007. A few days earlier, the Treasury sold 30-year bonds at a yield of 5.216%, the highest borrowing cost at one of those auctions since 2001.The 10-year yield briefly hit about 4.81% this past week, its highest level since early 2025, and ended Friday at about 4.78%. The two-year yield, which tends to track expectations about contemporary Fed policy more closely, ended at about 4.37%.There isn't one clean cut reason for these yield bumps. Instead, there are a bunch of forces pushing in roughly the same direction.The first is government borrowing. The Congressional Budget Office now expects a roughly 2.1 trillion dollar federal deficit this fiscal year, which is 200 billion dollars more than it projected in February. Covering that gap means issuing more debt, and more supply generally means the Treasury has to offer a better return to attract enough buyers.The second is competition from corporations, especially technology companies borrowing to build AI infrastructure and data centers.The Dallas Fed estimates that AI-related investment-grade bond issuance—these companies borrowing money, in the form of bonds, to help build more data centers and other AI-enabling stuff—could total around $300 billion this year, creating long-duration debt equivalent to about an eighth of what the Treasury is expected to issue. Some of the companies selling this debt have extremely strong balance sheets and high credit ratings, so investors who want safe-ish, long-term bonds suddenly have a lot more options, and the US government has to compete with that for a finite pool of investor resources.Third, oil prices have surged following renewed strikes and attacks around the Strait of Hormuz, with US benchmark prices recently climbing above $90 a barrel. More expensive energy can goose inflation across the economy, which makes locking in a fixed return for 10 or 30 years less appealing, because those yields might not keep up with the practical devaluation of the dollar.Fourth, that aforementioned term premium has risen as investors ask to be paid more for uncertainty related to inflation, deficits, geopolitics, and future Treasury issuance.And fifth, the pool of buyers is changing. Foreign investors still own trillions of dollars in Treasuries, but private foreign demand for notes and bonds fell sharply in June, even as corporate bonds attracted more of that finite sum of money.A big shift we seem to be seeing here is that some investors seem to be judging Treasuries less as a bet on the next Fed meeting, and more as a long-term bet on whether the US political system can manage its finances. And that shift is showing up at an awkward moment for the two institutions involved in the 1951 Accord.Kevin Warsh, who became Fed chair in May, used his August 28 speech at Jackson Hole to say that although inflation expectations remain anchored, the Fed still has work to do if underlying inflation is not moving toward its target quickly enough.Markets read that as a warning that a rate hike could be coming, and the unexpectedly strong August jobs report reinforced that interpretation: employers added 162,000 jobs, far more than economists anticipated, while estimates for June and July were revised upward.The Treasury Department, meanwhile, is moving in the opposite direction.On August 19, Treasury Secretary Scott Bessent announced that the government would at least double the size of its long-term bond buybacks, from a maximum of 2 billion dollars to at least 4 billion dollars per operation, beginning September 9 and continuing through November 4.The stated purpose is to improve liquidity, buying older, less frequently traded 10- to 30-year securities. But buying long-term bonds also reduces the supply available to investors, boosting prices and putting downward pressure on yields, which is why Bessent has referred to the approach as a “Treasury twist.”The scale is small in the context of a $40 trillion national debt, and analysts have described it as more signal than substance. It is nonetheless a striking signal: one Trump appointee is telling markets that higher short-term rates may be necessary to control inflation, while another is using the Treasury's balance sheet to push long-term rates in the other direction.These jobs, which again, were separated in 1951, are working against each other. And this matters, first, because long-term government debt is the foundation upon which a lot of other prices are built.When a 30-year Treasury yields more than 5%, companies refinancing debt have to pay more, commercial real estate becomes harder to finance, mortgages become more expensive, and investors have less reason to pay extremely high prices for stocks based on profits those companies might earn many years from now.It also matters because interest on the federal debt has become one of the government's largest expenses. Gross interest expense reached about $1.17 trillion during the first ten months of fiscal 2026, up about 15% from the same period last year. The somewhat narrower CBO measure of net interest reached $963 billion over that span, roughly level with Medicare spending and greater than defense spending.This creates a potentially self-reinforcing loop: higher yields increase the cost of servicing the debt, higher interest costs expand the deficit, larger deficits require more borrowing, and more borrowing can put further upward pressure on yields.Economists use the term fiscal dominance to describe the point at which government financing needs start to constrain monetary policy, pushing the central bank to keep rates lower than it otherwise would, or to buy government debt, even if doing so undermines its effort to control inflation.The US is not necessarily at that point, but this is exactly the kind of pressure the 1951 Accord was meant to prevent.As with everything government money-related, there's also a global dimension to this shift.For decades, Japanese banks, insurers, pension funds, and other institutions bought foreign bonds in part because yields at home were so low. On September 1, though, Japan's 10-year government bond yield touched 3% for the first time since 1996.Japan's government has more debt relative to the size of its economy than any other wealthy country, and it assumed a 3% long-term rate when calculating debt-service costs for its current budget. Rising above that level would strain its finances, but those higher yields also give Japanese investors more reason to keep their money at home.That doesn't mean Japanese institutions will dump all their Treasuries. Currency-hedging costs and the specific needs of different investors complicate that calculation. But when a major source of relatively steady demand becomes more price-sensitive, the marginal buyer of US debt has to be paid more to invest.Finally, the Treasury market itself has become somewhat more fragile.The amount of debt in circulation has grown far faster than the balance sheets of the dealers that traditionally absorb buying and selling. Hedge funds have filled some of that gap using highly leveraged strategies, including something called the cash-futures basis trade.Fed researchers estimate that these positions reached about $830 billion by September 2025, representing 35% of hedge funds' long Treasury exposure. These trades can provide useful liquidity when markets are calm, but because they rely on enormous amounts of borrowed money to capture tiny price differences, they can also unwind pretty quickly when volatility spikes.That sort of unwind contributed to the Treasury-market seizure in March of 2020, and a different leveraged hedge-fund strategy added to turbulence in April of 2025.The assets treated as the world's safest and most liquid can still become difficult to sell when everyone needs cash at the same time, in other words.The next few weeks should partially clarify what's actually driving this unusual market.The expanded Treasury buybacks begin the day after this episode goes live, September 9. Producer-price inflation data arrives on September 10, consumer-price data on September 11, and the Fed meets on September 15 and 16. The Bank of Japan follows on September 17 and 18, when it may increase its policy rate from 1% to around 1.25%.If the Fed hikes and long-term yields fall, that could indicate investors view the move as credible inflation-fighting: short-term borrowing becomes more expensive, but the term premium shrinks because the distant future seems less inflationary.If the Fed holds after a soft inflation report and short-term yields fall while the 30-year barely moves, that would suggest the long end is being driven by deficits, debt supply, oil prices, corporate competition, and global demand more than Fed policy.And if the buybacks begin but long-term yields continue to climb, that would demonstrate the limits of debt-management policy in a market this large. The Treasury could respond by issuing more short-term and less long-term debt, reducing immediate borrowing costs, though that would also mean refinancing more frequently and taking on the risk that rates remain high.It could also draw down some of the around $950 billion in its account at the Fed to fund larger buybacks, but that cash also serves as a buffer against the debt ceiling, which the government is currently expected to reach sometime in 2027. Spending the buffer now would mean rebuilding it later, and rebuilding it would require issuing even more debt.Back in 1951, the Treasury and the Fed reached an agreement that the central bank should not be required to make government borrowing cheap, and that the price of long-term debt should be allowed to reflect what the market believed that debt was worth.Right now, the market is rendering its verdict, and that verdict is that lending the United States money for 30 years has become substantially more expensive. Now we wait to see what Washington decides to do about it.Show Noteshttps://www.federalreservehistory.org/essays/treasury-fed-accordhttps://www.brookings.edu/articles/what-is-the-treasury-fed-accord-of-1951-and-why-is-it-important/https://www.federalreserve.gov/data/three-factor-nominal-term-structure-model.htmhttps://www.freddiemac.com/pmmshttps://www.cbo.gov/publication/61983https://fiscaldata.treasury.gov/datasets/interest-expense-on-the-public-debt-outstanding/interest-expense-on-the-public-debt-outstandinghttps://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-pennyhttps://www.dallasfed.org/research/economics/2026/0210-searls-aifinancinghttps://home.treasury.gov/news/press-releases/sb0606https://home.treasury.gov/news/press-releases/sb0607https://www.federalreserve.gov/newsevents/speech/warsh20260828a.htmhttps://www.bls.gov/news.release/empsit.htmhttps://apnews.com/article/1af16359af43eb8abc66445465f633c8https://apnews.com/article/775d7cf741349c7c8e689c0beb57f074https://apnews.com/article/a27a8d3651ff810b25c610d3e1b6259dhttps://www.federalreserve.gov/econres/notes/feds-notes/decomposing-hedge-funds-u-s-treasury-exposures-20260622.htmlhttps://www.imf.org/en/publications/fandd/issues/2026/03/safeguarding-the-treasury-market-jeremy-steinhttps://www.investing.com/news/economy-news/japans-benchmark-bond-yield-rises-to-3-for-first-time-in-30-years-4883532https://www.boj.or.jp/en/mopo/mpmsche_minu/index.htmhttps://bipartisanpolicy.org/article/when-will-we-reach-the-debt-limit-again/https://home.treasury.gov/policy-issues/financing-the-government/quarterly-refunding/most-recent-quarterly-refunding-documents/https://www.federalreserve.gov/monetarypolicy/fomccalendars.htmhttps://www.bls.gov/schedule/2026/09_sched.htmhttps://www.axios.com/newsletters/axios-markets-a975877a-ddce-4ea0-a735-4b460d37af90.htmlhttps://www.ft.com/content/c96c25c1-b27c-4c08-a2ba-21821b39dd78https://www.axios.com/2026/08/19/rates-treasury-borrowing-bessent This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

Welcome back to Impact Theory. In today's episode, I dive deep into the wild ride happening right now in the bond market and what it means for the future of the US dollar and the global economy. The conversation focused on the so-called “resource curse”—comparing America's role as issuer of the world's reserve currency to regions that failed to capitalize on their natural resources, and questioning if this privilege is actually a double-edged sword.One concept discussed is whether the benefits the US has reaped from dollar dominance have led us into fiscal irresponsibility and a dangerous dependence on selling money to the world instead of making real things at home. A key theme that emerged is how government strategies—like moving debt from long-term to short-term, flirting with yield curve control, and leveraging emerging tools like stablecoins—are designed to manage mounting debt but could have far-reaching consequences for people's savings, investments, and the country's economic future.The discussion explored how inflation, rising interest payments, and global moves away from the dollar are creating new risks and uncertainties, especially for retirees and ordinary investors. Several points were raised, including the critical impact of trust in US debt, the erosion of manufacturing capacity, and whether these fiscal maneuvers are buying time or simply delaying a reckoning. Get ready for a no-holds-barred look at what's happening behind the scenes—because understanding these moves is key to protecting your personal and financial future.What's up, everybody? It's Tom Bilyeu here:Want my help starting a business? Join me here inside Zero To FounderSign up for my AI Masterclass: AI MasterclassFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuTailor Brands: Check out Tailor Brands to get started with your business today: https://tailorbrands.go2cloud.org/aff_c?offer_id=129&aff_id=9505&aff_sub2=septemberQuince: Free shipping and 365-day returns at https://quince.com/impactpodElevenLabs: Book your demo at https://elevenlabs.io/impactpodButcherbox: Go to https://ButcherBox.com/IMPACT to get $20 off your first box, plus your choice of free ribeye, new york strip, or filet mignon in every box for a year — with free shipping alwaysQuo: ​​Try for free PLUS get 20% off your first 6 months at https://quo.com/impactShopify: Sign up for your free trial period at https://shopify.com/impactNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory.Incogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactbond market, US dollar, reserve currency, Scott Bessent, de-dollarization, national debt, Treasury bonds, interest rates, gold reserves, inflation, fiat currency, fiscal policy, austerity, resource curse, US manufacturing, financial repression, yield curve control, stablecoins, short-term debt, long-term debt, central banks, global financial system, economic growth, budget deficit, Treasury General Account, asset prices, capital flight, US Treasury auctions, foreign central banks, purchasing powerSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.