Watcher

[Raoul Pal @RaoulGMI]

This is a chart that I watch closely. Bitcoin got over two standard deviations oversold versus Nasdaq and is now sharply moving higher. Let's see but I think over time crypto should outperform the Nasdaq over time. Secular trends like this are super helpful in asset allocation

[Treasury Secretary Scott Bessent @SecScottBessent]

Any remaining tie to Tehran will hasten a nation's economic oblivion, whether that tie be purposefully constructed or willfully ignored.

[Nick Sortor @nicksortor]

🚨 BREAKING: The Islamic woman arrested by the FBI for planning to BOMB the NY State Capitol originally wanted to target PRESIDENT TRUMP at the WHITE HOUSE

Prosecutors say she told a confidential source that "ideally she would have liked to pick the White House with the President" but said "that's an even harder job."

She also wrote, "I want to destroy as much of the building as possible and kiII the senators while they are meeting. I want it to have an effect on the American system."

And on social media, in Arabic: "praise be to Allah for September 11th."

[Treasury Secretary Scott Bessent @SecScottBessent]

Crypto is not a threat to the dollar. In fact, stablecoins can reinforce dollar supremacy.

Digital assets are one of the most important phenomena in the world right now, yet they have been ignored by national governments for far too long.

This administration is committed to establishing the United States as a hub for digital asset innovation, and the GENIUS Act moves us one step closer to that goal.

[Raoul Pal @RaoulGMI]

The Bessent Put

Today the US Treasury doubled the size of its long-end bond buybacks, the day after the 30-year yield hit a 19-year high at 5.33%. The extra dollars are small. The signal is enormous.

For the first time, the fiscal authority, not the Fed, stepped in to defend the long end within 24 hours of the highs. There is now a put under the long bond, and the market has just been told the top of the range...

Look at the plumbing underneath it...

The buybacks pull old, illiquid bonds off dealer balance sheets and get funded at the front end with bills, which the banking system absorbs. Duration out, money-like paper in. Lower long-end volatility raises the collateral value of every Treasury in the repo system, which is itself a liquidity easing. And the QRA language quietly changed two weeks ago to allow exactly this.

It isn't happening in isolation. This month's joint yen intervention was about stopping Japan from ever becoming a forced seller of Treasuries, and the new dollar swap lines across Asia and the Gulf keep the region's dollar debts rolling, with China the ultimate beneficiary. A weaker dollar is the tool that brings the big foreign buyers, Japan and eventually China, back to the long end. Supply managed on one side, demand rebuilt on the other.

With a long end now potentially anchored, the steepening of the curve should come from Warsh, who will probably deliver his part of the grand bargain between the Fed and the Treasury.

All of this is to fund the hyperscaler capex along with government debt. For the first time since the GFC both public and private debt as a % of GDP are growing and both are vital.

This is the everything code fully at play and brings together many threads I've been talking about for the last two years. The debt must be serviced and liquidity, by whichever mechanism they can route it, is the method.

Financial conditions started easing through both legs at once today, and financial conditions are the first domino in the sequence we have been mapping all year.

To be warned this is not an instant liquidity flood happening right now. This is the entire scaffolding being set up for the much larger game. The Great Game is the funding of the aging population along with the funding of the new demographic of AI and robots. Both games are too big and too important to stop. The funding of the the intelligence build out is the most important game of all time. It is too big to fail.

The full Flash Update is coming for GMI and RV Pro members came out earlier today: the full mechanism, the 2011 and 1940s precedents, what it likely means for every asset class, and what would prove the thesis wrong.

Overall today was a big marker point on a story that I've been predicting for many years and have the receipts to prove it. The outcome is always MOAR COWBELL!

[sandym @Sandy1Texas]

John Nagel a 30 year Minnesota state trooper has won the Republican primary and is taking on Ilhan Omar.
He says people in the district are fed up with fraud and want someone who will actually clean up the mess. Nagel points to Omar’s connections to people convicted in the massive Feeding Our Future scheme including a former campaign staffer and a restaurant she promoted.
He is a Minnesota native who spent decades in law enforcement and says he just wants to serve everyone in the state.
Voters deserve a representative who puts taxpayers first.
See link to article in comments.👇

[Libs of TikTok @libsoftiktok]

BREAKING: David Morens, a former top NIAID senior advisor to Dr. Fauci, has pleaded GUILTY for conspiring to defraud the US by destroying/hiding federal records during the COVID pandemic.

[Nicolas Hulscher, MPH @NicHulscher]

Plans are now underway to have the FDA withdraw its disastrous mRNA flu shot approval.

They will not be able to defend the damning data about to drop.

Stay tuned.

[JeffXmemes @JeffXmemes]

Happy Birthday Sophie

Celebrating her day on the pregame walk in. 🎉🎂🎊

[Watcher @POWMaximist]

@catturd2 @SenatorCollins man.. its politics in Maine not in your Red area in Florida. With your floowers please please get wiser. Collins is OK. I am red as they get CATSHIT

[Watcher @POWMaximist]

@JackPosobiec will u about Carson. Geez. Carson is anti traditional AMerican.

[Watcher @POWMaximist]

@JackPosobiec you?

[Watcher @POWMaximist]

@ginamilan_ nada. plotical games. pay attention. learn.

[Watcher @POWMaximist]

@shipwreckedcrew Yes very smart move

[Watcher @POWMaximist]

@catturd2 she is running for election in communist territory. Be nicer

[Crypto Rover @cryptorover]

BREAKING: Jim Cramer sold all his Bitcoin due to quantum risks.

HERE WE GO, BULL MARKET CAN BEGIN NOW! 🚀

[Watcher @POWMaximist]

If you got money. SUE HIM

[Farm Girl Carrie™️👩‍🌾 @FarmGirlCarrie]

So many agree here…

[Farm Girl Carrie™️👩‍🌾 @FarmGirlCarrie]

So many agree here…

[U.S. Central Command @CENTCOM]

Over the past few hours, Iranian state media have continued to report false claims by the Islamic Revolutionary Guard Corps (IRGC) – three in particular.

🚫 FIRST CLAIM: The IRGC (again) claims free and open routes through the Strait of Hormuz are dangerous for commercial vessels.
✅ FACT: The immediate dangers posed to commercial vessels and their civilian crews are the IRGC’s verbal threats and attempted attacks.

🚫 SECOND CLAIM: The IRGC claims Three U.S. F-35 stealth fighters and three other aircraft were destroyed during a recent Iranian attack on an American air base.
✅ FACT: No U.S. aircraft were destroyed or damaged in recent attempted Iranian attacks. All missiles and drones were intercepted or failed to reach targeted areas.

🚫 THIRD CLAIM: Iranian state media is reporting that a commercial oil tanker, M/T Nora, has broken through the U.S. blockade.
✅ FACT: The commercial vessel has not broken through America’s steel wall blockade. More than 20 U.S. warships, hundreds of aircraft, and thousands of service members remain vigilant and continue to fully enforce the blockade.

[The Babylon Bee @TheBabylonBee]

Democrats Accuse Fauci’s Diary Of Attacking Science https://t.co/Qe8XDzl7dA