250 years ago our greatest grandfathers beat the dogshit out of the most powerful military on the planet over a 3% tax and now we can’t deport 100 million immigrants that hate us because women and gays think it would be mean
The 10-year Treasury yield is perhaps the most important financial benchmark in the global fiat system, as it drives valuations and market trends worldwide. It is widely—and erroneously—regarded as the risk-free rate of return.
The 10-year Treasury yield can be thought of as a key barometer of the US dollar-based fiat system—a critical measure akin to its beating heart.
Bond yields move inversely to bond prices. When bond prices fall, bond yields rise.
A rising 10-year Treasury yield signals trouble for the US dollar because it means investors are selling Treasuries, which pushes up the US government’s borrowing costs. That is why the 10-year Treasury yield is a major pain point for the US government.
The 10-year Treasury yield was 3.97% when the war started. Now it is around 4.60%, an increase of roughly 63 basis points.
I expect the 10-year Treasury yield to keep climbing over the coming weeks and months—until it forces the Fed’s hand. At that point, the intervention will be sold as “stability,” but the mechanism will be familiar: suppress yields by debasing the currency.
At today’s debt levels, every 1 basis point increase in the government’s average borrowing cost adds roughly $3.9 billion in annual interest expense. So a 63 bps rise is not trivial—it translates to nearly $250 billion in additional yearly interest costs, materially widening a 2025 budget deficit that was already around $1.8 trillion.
Higher yields mean the US government must pay tens or even hundreds of billions more in interest on its debt. At the same time, the global economy faces even greater added costs because Treasury rates serve as the benchmark for borrowing worldwide.
That is not an insignificant move. However, given all the headwinds I have discussed, I suspect the 10-year Treasury yield is headed much higher because investors will demand higher yields to compensate for rising inflation. Further, if Hormuz remains closed, drastically higher oil prices are all but certain. Higher energy prices mean higher prices across the economy and higher official inflation rates, which means investors will demand still higher yields to compensate.
The problem is that interest on the federal debt is already over $1.2 trillion and is now the second-largest item in the budget. The US government cannot afford yields going much higher because the interest expense would push it toward bankruptcy.
I am not sure how—or even if—the US government can manage this situation. Something has to give, and we will not have to wait long to find out what.
The Iran war may prove to be more than another foreign policy disaster. It could be the trigger that exposes the fragility of the entire dollar-based financial system.
Fewer than 3 years.
That’s all the time we have left.
If we lose 2026, we are likely to lose 2028.
Our Republican Senate majority hasn’t passed any meaningful legislation, which means many of President Trump’s policies aren’t codified into law.
If a democrat president wins 2028, then these 4 years won’t mean anything.
The next Department of Homeland Security Secretary will reopen the border — just like Alejandro Mayorkas did.
Then, when democrats regain control of the Senate, they will nuke the filibuster
& pass legislation to implement automatic mail-in ballots in all 50 states. Ballot harvesting will be the law of the land.
They will stack the Supreme Court, add 2 new democrat Senators with the creation of DC as a state, & establish a permanent democrat majority.
We have the power to stop this, but the question is whether or not @LeaderJohnThune wants to be remembered as a hero or a villain.
NEW | Special Report: The war in Iran is currently in a phase in which the military trajectory is relatively positive: the United States is steadily destroying Iran’s ability to use its most essential tool in the war — drone and missile attacks — which in turn underpin the entire Iranian strategy.
Iran has still done some damage to US forces, and it is still firing drones and missiles, though the overall attack rate is slowly decreasing. These attacks still pale in comparison to the major attacks Iran sought to conduct in an existential war and have caused neither operationally significant damage nor widespread casualties.
The US-Israeli combined force will need time to achieve its military objectives and prevent Iran from inflicting further political and economic pain upon the United States and its allies in the region, but the campaign remains incomplete, and it is too soon to forecast its outcome. Declaring it an operational failure is unquestionably premature.
VERIZON DRY RUN. A recent report claims terrorists are bulk-buying 1st responder uniforms to be worn amid an attack, fooling us to think jihadis are 911. It'll create havoc & large scale death. History says Verizon's 3rd outage in a year wasn't a glitch. My monologue explains:
I show my ID to fly.
I show my ID to drink.
I show my ID to drive.
I show my ID to marry.
I show my ID to buy weed.
I show my ID to gamble.
I show my ID to get Benadryl.
I show my ID to work.
Why in the hell wouldn’t I need an ID to vote?
🚨 BREAKING: Florida Governor Ron DeSantis calls on Elon Musk to put his resources toward a BALANCED BUDGET and TERM LIMITS FOR CONGRESS amendment, says that would be FAR more successful than a new political party.
"You need to do a BALANCED BUDGET amendment to the U.S. Constitution, and you can do that through the states. You can do it through Article 5. We've got 28 states that have approved this! There's another four or five that are on the docket. Once you hit 34, then you write an amendment and then the states are able to ratify that."
"If @ElonMusk wanted to weigh in on that and work on those state legislatures, he would have a MONUMENTAL impact doing this."
"And we also need term limits for members of Congress. So you can do both of those things."
"When you do another party, especially if you're running on some of the issues that he talks about. that would end up. if he funds Senate candidates and House candidates in competitive races, that would likely end up meaning the Democrats would win all the competitive Senate and House races."
"We do have a problem in the Republican Party with these DC congressmen, they always run saying there's out of control spending and they're going to spend less and they never do it."
"@ElonMusk was doing DOGE and a lot of Congress didn't want anything to do with actually adopting the DOGE cuts!"
"The way you do that is expose that in a primary and show that there's another way forward."
"Honestly, if you're concerned about the debt, I wouldn't even worry about that because I don't think just electing a few better people is gonna change your trajectory."
"The incentives in Washington are going to lead to these outcomes really regardless of the outcome of elections at this point."
Ghislaine Maxwell is in prison for 20 years for sex trafficking kids with Epstein
And the DOJ and FBI just said that there is no client list, he didn’t blackmail nobody, and nobody else is getting charged
So they sex trafficked kids to nobody??
Nearly 20 years ago, Rush Limbaugh laid out what America's immigration policies should be. He called them the Limbaugh Laws. They sounded harsh, but in truth, he was just ripping them off from a country most Americans wouldn't suspect.
We must dramatically reform and reduce LEGAL immigration. Every person we let in must be because it's in our national interest to do so. We're full.