Can’t wait for Fed, US Treasury officials say Bessent will spend all $1T in the TGA to cap US long bond yields!

First Bessent doubles the bond buybacks and it FAILS! Now this and it has just been reported. Bessent will spend all of the money in the TGA, almost $1T, if he has to in an effort to cap yields on US government long bonds. Gold and bitcoin has IMMEDIATELY SPIKED because they know this is ONLY THE BEGINNING. What happens when the $1T from the TGA is drained from buying US government bonds? The Fed steps in with QE! Things are VERY BAD! These are not the actions taken in a healthy financial system. This is literally a house of cards about to fall built upon debt that is now collapsing! I’ve made it very clear. Right now I’m in gold and bitcoin because these are two assets not under the control of the US government. They are debasing the US dollar and when the Treasury has exhausted its TGA and yields keep rising they will have to monetize the debt.