# This man is rigging the US Economy.
Canonical: https://social-archive.org/richeddy/pWVGHBvunl
Original URL: https://x.com/FrankCurzio/status/2099125006014034138
Author: Frank Curzio
Platform: x
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## Content
## 1 This man is rigging the US Economy. "I have asymmetric information. I am the house now. Bet against me if you want." Institutions are already positioned. Here's what's happening + how investors should position: {{IMAGE_0}} --- ## 2 America is $40 trillion in debt. It borrows by selling IOUs called Treasury bonds. The problem: investors want higher and higher interest to keep lending... but higher rates break everything: mortgages, stocks, the government's own bills: {{IMAGE_1}} --- ## 3 How bad is it? Interest on the debt now costs over $1 TRILLION a year. More than the entire military. And that's in a boom, with stocks at record highs, when deficits should shrink. Ours is 6% of GDP, double pre-COVID. {{IMAGE_2}} --- ## 4 Nobody cares until they have to care. And the Treasury Secretary clearly has to, and his fix? Use government money to buy back its own bonds, $4B at a time. Like a company buying its own stock to prop up the price. Fake demand, so rates look lower than they really are: {{IMAGE_3}} --- ## 5 The man doing it is no bureaucrat. Bessent made billions as a trader shorting the British pound and the yen. "In my old job, I could push a button and trade a billion dollars of yen or euros or bonds." Now the button is the US government, but here's why it won't work: --- ## 6 The government controls short-term rates through the Fed. But long-term rates are set by millions of investors deciding one thing: do we trust America enough to lend to it for 30 years? Their answer right now? The HIGHEST rates since 2007: {{IMAGE_4}}
## Media
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