Scott Bessent: Look, I just reread Bob Woodward’s book on Alan Greenspan called Maestro. Why was Alan Greenspan the Maestro? Because he had an open mind. Because the 90s- I just mentioned- I think that the most analogous period to what we’re seeing now is the 90’s. It would have been very easy for Alan Greenspan to kill the internet boom. Not be open to the idea that there is a productivity boom and slam on the break.
Powell: I’m not going to comment on any particular asset price- including that one. We think of inflation as driven by fundamental supply and demand factors. It’s not something we look at actively.
The spot price of silver broke through its 1980 and 2011 all time high of $50 per ounce.
Regarding the government shutdown, the Continuing Resolution that Republicans wanted to pass but Democrats didn’t support is literally the last bill that Biden signed into law. Trump’s signature is essentially just Biden’s autopen.
The end game is when investors demand higher interest rates to account for the dollar being worth less as the Fed prints money to both juice the economy with low-interest rate loans and to finance the government.
As became commonly known a few days ago on twitter, a female Ukranian refugee, Iryna Zarutska, was murdered by a black American with 14 prior arrests on August 22, and Charlie Kirk was assassinated today, September 10, 2025. The Left hates the West.
“Put simply: they have a $35 trillion currency debt, they’ll move it into the crypto cloud, devalue it—and start from scratch. That’s the reality for those who are so enthusiastic about crypto.” 1st Class State Advisor to Russian President Putin, Doctor Anton Kobyakov, speaking at the Eastern Economic Forum in Vladivostok, Russia, September 6, 2025.
US Treasury Secretary Scott Bessent said that “stablecoins” in the GENIUS Act would be backed by Treasuries. Basically, instead of using US dollars, people could use credit for US dollars backed by US Treasury bonds… called stablecoins.
“Rising debt levels are likely to push up interest rates on U.S. government debt.”
-The Authors
“The views expressed are those of the authors and should not be attributed to the Federal Reserve Bank of Dallas or the Federal Reserve System.”
-Federal Reserve Bank of Dallas, Texas.
On August 1, 2025 Federal Reserve Bank Principal Economist for their Financial Flows Section, Colin Weiss, published an article called, Official Reserve Revaluations: The International Experience. The article is about how the US Treasury could revalue the gold that they own at Fort Knox (and where ever else) from $42 to $3,400+, the Federal Reserve credits the Treasury with the difference, and then they spend the money while pretending that it isn’t inflation.
Women like gold.
Men like women.
QED.
House Resolution 581 is being brought up for a vote in the House of Representatives by Representative Thomas Massie of Kentucky (R) and Representative Ro Khanna of California (D).
The Bill would direct the US Attorney General to release all relevant files on the Epstein Client List.
“Are you still talking about Jeffery Epstein? This guy’s been talked about for years. We’ve have Texas. We’ve have this. We have all of the things. Are people still talking about this guy? This creep?” President Trump, July 8, 2025 in a cabinet meeting interview with the press.
“The Most significant threat to our national security is our debt.” -Chairman of the Joint Chiefs of Staff, Admiral Mike Mullen, speaking with CNN in 2010.
Elon Musk retweeted an except of Milton Friedman saying that inflation was a tax because it comes from printing money to pay for government spending. He has a large audience.
“And in the bills of credit issued by the authority of the United States in Congress assembled, at the rate of one hundred dollars in the said bills, for one dollar in specie.”
Forget 1970’s inflation. Here comes the 1790’s.
Trump’s “one, big, beautiful bill” is now before the US Senate. It is not popular with members of the Senate who want to shrink government, like Rand Paul. Elon Musk tweeted out that it was an abomination. The MAGA honeymoon is over. Hyperinflation or bust!
“Congress can do funny math- fantasy math- if they want, but bond investors don’t; and, this week they sent us a message. Moody’s downgraded our credit rating, and the bond investors who buy our debt- finance our debt- demanded higher interest rates on the 10-year note, 20-year note, and the 30-year note.”
-Kentucky Representative, Thomas Massie.
Pope Francis announced that 2025 would be a jubilee year. The jubilee comes from Leviticus 25 and involved debt forgiveness. Considering that Moody’s credit rating agency just downgraded America’s federal debt, this is a good time for debt forgiveness.
“Through every currency crisis in history, gold has preserved purchasing power. (Maybe THIS is why Trump made gold IMMUNE to the tariffs and why he KEEPS talking about America’s ‘Golden Age.’)” -Donald Trump, Jr.
