The Treasury Department announced a doubling of long-term bond buyback size: starting September 9, at least $4 billion per session. Total debt: $40 trillion. It’s like I owe the bank $40 million, then hold a formal press conference to announce that starting next month, I’ll repay $4,000 each time—and demand that my credit report fully reflect my sincere efforts. The best part is the Treasury Secretary’s exact words: 'We haven’t bought a single bond yet.'—Repayment is still in the PowerPoint stage. Creditors definitely aren’t impressed: the 30-year U.S. Treasury yield hit 5.27%, the highest since 2007; the dollar dropped to a three-month low. Gold and Bitcoin stepped in to answer the creditors’ question—paper isn’t strong enough, collateral is self-served. Subjective effort to repay, objective laws of depreciation. $BTC