Reg

🚨 Professor Jiang: The U.S. Is Running a Textbook Ponzi Scheme and Petrodollar Is Under Real Stress Professor Jiang warned that America’s debt system works like a giant Ponzi scheme. Scott Bessent just proved him right in real time. The UK, China, Japan, South Korea and others are now selling U.S. Treasuries. When sellers outnumber buyers, the price of the bonds drops… and the interest rate (the “yield”) shoots up. Higher yields mean it suddenly costs America a lot more to borrow money. So what does Treasury Secretary Scott Bessent do? He starts buying those same long-term bonds himself to prop up the price and keep yields from exploding even higher. Here the government is using its own money (or newly created money) to buy its own debt because foreigners no longer want it. The music is slowing down. For 50 years the system worked like this: Gulf countries agreed to sell oil only in U.S. dollars. That forced every country in the world to keep holding dollars as reserves and buying U.S. Treasuries just so they could buy oil. It was the secret engine that kept demand for American debt alive. That engine is now sputtering. Saudi Arabia just recorded zero oil sales to the United States for the first time ever. Gulf countries are struggling to sell oil at the same scale, and the old “you must use dollars” rule is showing massive cracks. When the world no longer needs as many dollars to buy oil, and when big countries stop buying America’s long-term debt… the whole system that has kept U.S. borrowing cheap for decades starts to break. That’s what we’re watching in real time. Not a conspiracy. Just math and incentives finally catching up.

Republicans puts a $12B a year tax cut on the ballot with zero pay-fors. Yet Jolly proposes a $3B investment in teacher pay and it’s all “how can we pay for that!” Jen, I know for a fact you and I could sit in a room and find $3b