bessent

40 Trillion in Debt!!!
"We Can Grow to Get Out of It": The US Treasury Downplays the Historic Milestone

This week, the national debt clock in the United States crossed an unprecedented psychological barrier: $40 trillion, reaching $40.01 trillion on August 19, 2026. However, for the Treasury Secretary, #ScottBessent , the alarms still shouldn’t be sounding.

In an exclusive interview with CNBC’s Squawk on the Street, #Bessent offered a challenging yet optimistic perspective on the state of the country’s finances. Here’s a summary of the key points from his remarks:

Downplaying the Milestone: Bessent played down the historical record with a blunt line: "There’s nothing magical about the $40 trillion figure." His main thesis is that the U.S. doesn’t need immediate, drastic spending cuts; rather, the economy has the capacity to grow at a pace that surpasses and dilutes the weight of this debt.

The "Cause" Behind the Deficit Surge: The Secretary justified part of the recent increase in the deficit by pointing to an unexpected spending outlay of roughly $100 billion. This was triggered by temporary reimbursements the government had to make after the Supreme Court struck down the administration’s emergency tariffs, #TRUMP

The Tariff Strategy Continues: Despite the judicial setback involving emergency tariffs, the Treasury remains confident in revenue collection. Bessent said that, thanks to the implementation of Section 301 tariffs, revenue from this source in 2026 will be similar to— or even higher than—what was recorded in 2025.

A Glimmer of Light at the End of the Deficit Tunnel: In a message crafted to reassure bond markets, Bessent predicted there are "very good chances" that the budget deficit under the current administration has already hit its peak.
For cryptocurrency markets, the accumulation of national debt is often seen as a catalyst for the degradation of fiat money
$BTC

🚨 JUST IN: Bessent insists the Treasury's bond buyback expansion has nothing to do with interest rates, even as it's already reshaping the bond market and rattling the Fed.
Speaking Thursday, Treasury Secretary Scott Bessent said the decision to double buybacks of longer-dated debt "had nothing to do with" interest rates, framing it instead as a signal that current yields don't reflect underlying economic fundamentals. He even floated going bigger, buybacks could grow beyond $4 billion per operation.
He also confirmed the coordination piece: Treasury and the Fed would work together if the central bank changes its own balance sheet, and buybacks would adjust accordingly if the Fed alters its bond runoff pace.
Not everyone is buying the "nothing to do with rates" framing.
Wednesday's announcement, doubling buybacks of 10-to-30-year debt to $4 billion per operation, sent yields sliding immediately. By Thursday morning, rates had already climbed back up, exactly the kind of short-lived relief critics warned about.
The mechanics are the real controversy. Treasury doesn't print money like the Fed, it has to fund these buybacks by issuing more short-term bills. That effectively swaps long-term debt for short-term debt, manipulating the yield curve rather than truly easing conditions. One fixed-income portfolio manager called it exactly that.
RSM's chief economist went further, calling Bessent "a political actor" whose "interest is purely short term" rather than genuinely aimed at price stability, especially with new Fed Chair Kevin Warsh publicly favoring markets, not Treasury intervention, in setting rates.
Bessent also downplayed the $40 trillion debt milestone and said the US may have already seen peak deficit.
Whether this is smart debt management or the Treasury quietly doing the Fed's job for it, the market reaction already answered part of the question.
#Bessent #Treasury #Bonds #Fed #Economy

Control over the long end of the yield curve for 10-20-30-year Bonds does not appear to be just an immediate flood of liquidity occurring before the midterm elections.

This is all the scaffolding being set up for the much bigger game: the Grand Game of having to seek financing from an aging population, along with financing for the new demographics that will settle into the workforce as a result of AI and robots.

Both games are too big and too important to be stopped. Financing intelligence is the most important game of all time. It’s too big to afford the luxury of failing.
#Bessent
#YieldStrategies

🇺🇸🇮🇷 NEW: Bessent just promised the US will hit Iran with pressure "never seen before in the history of economic isolation."
Treasury Secretary Scott Bessent dropped the line on August 13, telling reporters to watch for major announcements next week. He didn't specify what's coming, but he didn't need to. The target is obvious.
China buys roughly 90% of Iran's oil exports. That relationship has kept Tehran's economy breathing through years of sanctions, largely through Chinese banks and refiners operating just outside direct US reach.
This isn't Bessent's first shot. Back in April, he launched "Operation Economic Fury," warning banks holding Iranian money they'd face secondary sanctions, cutting them off from the US financial system and the dollar entirely. Two Chinese banks already received warning letters.
It's working, at least on paper. Iran's largest bank collapsed in December. Inflation is sitting near 88%. The currency is losing value by the day.
But critics aren't convinced "unprecedented" means much when Iran is already under a naval blockade and thousands of existing sanctions. The real question is whether Washington is finally willing to go after the Chinese financial networks it's mostly avoided hitting directly, since doing so risks real blowback on US-China relations.
As formal channels get squeezed, sanctioned economies have historically leaned harder on digital assets and alternative payment rails to keep money moving, a pattern already visible elsewhere under similar pressure.
Next week is when we find out how far Washington is actually willing to go.
#Iran #Bessent #Sanctions #China #Geopolitics $CL $BZ

🚨#Eden again 🌡to the 🌝
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥

$EDEN
$BTC
$XRP

#Trump'sIranAttackDelayed #TRUMP #ElonMusk #Bessent
#StriveAcquires382BTCFor$30.3M

🚨 JUST IN: U.S. Treasury Secretary Scott Bessent confirms they’re working to replace Fed Chair Jerome Powell in the coming weeks 🇺🇸⚖️

🗓️ A nomination could come as early as this fall, well before Powell’s term ends in May 2026.

👀 Why it matters:

🔹 A new Fed Chair could shift U.S. interest rate policy
🔹 Trump wants a more dovish (pro-growth) Fed
🔹 Market volatility likely as the transition draws near

🔥 This is a major shakeup for global markets — and potentially bullish for risk assets like crypto 📈

#CryptoNews #BinanceSquare #FED #JeromePowell #Bessent

📈 Bessent and the 'Dollar Fortress': What Does This Mean for the Market and Crypto?
Potential U.S. Treasury Secretary candidate Scott Bessent has proposed a significant initiative: to expand the permanent dollar swap lines to key partners in the Gulf region and Asia. 🌍
Currently, the Fed's 'elite club' includes only 5 central banks (EU, Japan, UK, Canada, and Switzerland). Why does Bessent want to change this?
1️⃣ Geopolitical Shield: This is a direct response to emerging alternative payment systems (like the BRICS payment framework). Bessent aims to make it easier for allies to access dollars, thereby removing their motivation to seek alternatives.
2️⃣ Liquidity Over Everything: Permanent swap lines can mitigate the risk of a 'dollar drought' during crises. For the market, this means greater stability and predictability.
3️⃣ Signals for Crypto: As the U.S. solidifies the dominance of fiat dollars through administrative means, it highlights the importance of decentralized assets. If fiat becomes a tool of 'soft power,' demand for neutral assets (like BTC) may further increase.
In summary: Bessent is planning for the long haul, trying to solidify the dollar's position as the world’s primary reserve currency in an era of multipolarity.
What do you think? Can this help the dollar withstand the impact of new settlement systems, or is it merely delaying the inevitable trend? 👇
#Bessent #Fed #宏观经济 #全球金融 #加密新闻

🪙 SCOTT BESSENT CONFIRMS: ALL THE FORT KNOX GOLD IS INTACT
The U.S. Treasury secretary broke his silence after months of speculation: "All the gold is present and accounted for," Bessent said, dispelling doubts that Trump and Elon Musk had raised in 2025 about a possible physical audit of Kentucky’s historic depository.
📊 The fact that surprises everyone:
With gold trading today at around $4,034 per ounce, the United States’ total gold reserves already exceed $1 trillion in market value—far above the roughly US$11 billion listed in accounting books, which have been frozen since 1973 at a statutory price of only $42.22 per ounce.
⚡ Key context:
🔹 Fort Knox safeguards 147.3 million troy ounces (~4,583 metric tons), more than half of the country’s total reserves
🔹 The U.S. has the world’s largest stock of sovereign gold, with 8,133 tons in total
🔹 Despite Bessent’s guarantee, a full independent physical audit still hasn’t been carried out in more than 70 years
🔹 Congress is advancing the Gold Reserve Transparency Act, which would require an independent verification every 5 years
🧠 Why does this matter to crypto?
The resurgence of gold as a reserve asset—and the debate over revaluing Treasury holdings—fuels the narrative of "hard assets" versus monetary debasement. Many see a direct parallel with Bitcoin’s thesis as digital gold.
💭 Do you trust the official word, or do you think an independent audit is needed already? Share your thoughts 👇
⚠️ This is not financial advice. DYOR.
#bitcoin #oro #FortKnox #Bessent #BİNANCESQUARE