BREAKING: The US Treasury is considering using its $950 billion General Account to help fund its increased purchases of long-term government bonds, per CNBC.
— The Kobeissi Letter (@KobeissiLetter) August 24, 2026
Once again, the era of bond market intervention officially began on August 19th.
This is a top priority for the Trump…
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6 responses to “Desperation”
I don’t know much about the bond market, but if this gives bondholders the opportunity to sell…
As we move through this crisis, ever more extreme attempts at manipulation will be required to attain ever shorter and less effective “bounces”. Just like the heroin junkie who keeps injecting bigger doses to get a high of diminishing usefulness, until they kill themselves with a massive overdose. The outcome for the FUSA will be the same as for the junkie, of course. And we are now evidently into the exponential portion of the curve, so hold onto your asses, the ride is going to get mighty rough from here on out.
It is going to get worse Big Ruckus D, in our endeavors to succeed Hoffmantactical,com can give us an edge.
Or they will just use the bigger doses to maintain living. I saw this when I was a Peace Officer. Some didn’t take a hot shot because they knew the end results. And if they could score some good China White, as opposed to the Mexican Brown, they could maintain their miserable existence.
But to get both kinds of dope, they had to steal. So, the analogy here is Bessent and his Bankster cronies will continue to steal from us in the form of Inflation, taxation, and fees while they maintain their positions of power, wealth, and influence. And the rusty Ferris Wheel of the FSSA will continue to slowly turn. Sad.
Maybe. But to stay within the analogy I setup, I don’t think these clowns have the discipline to continue taking the hits that get them right up to the line (but not over it, and into certain death). And yes, they will continue to steal. But at some point there is nothing left to steal, and the game is over. Also, some (small) percentage of those being stolen from will eventually get pissed off enough to kill the junkie, either by spiking their supply and making it look like an OD, or by directly shooting them and dumping the body in an abandoned, burned out row house in the hood. Either way, the game is eventually over for them in some fashion.
The only way they can keep their game going for a while longer, and mask some of the inflation, is to let gold come up to par with the amount of fiat. This would take a gold price of $30,000 or more. All this will do is buy more time than they have now and make us appear more credit worthy.