Bessent: "These 2008, 2009, 2010 financial rules were too tight. They hamstrung the American financial system. It was time for a change ... we have to take the financial system out of this straitjacket ... the regulated system is too constrained."
December 16, 2025 at 1:05 PM
Bessent: "These 2008, 2009, 2010 financial rules were too tight. They hamstrung the American financial system. It was time for a change ... we have to take the financial system out of this straitjacket ... the regulated system is too constrained."
It could mean that the world financial system melts down when investors realize that Elon Musk may selectively default on US debt. Just saying.
What...does any of this mean
www.reuters.com/markets/us/t...
www.reuters.com/markets/us/t...
February 10, 2025 at 12:06 AM
It could mean that the world financial system melts down when investors realize that Elon Musk may selectively default on US debt. Just saying.
Bessent: "Why would I want to blow up the global financial system?"
August 24, 2026 at 5:21 PM
Bessent: "Why would I want to blow up the global financial system?"
Musk’s staffers are accessing the heavily guarded Internal Revenue Service (IRS) system, which contains detailed financial information on every taxpayer, business, and nonprofit in the country.
February 17, 2025 at 3:36 AM
Musk’s staffers are accessing the heavily guarded Internal Revenue Service (IRS) system, which contains detailed financial information on every taxpayer, business, and nonprofit in the country.
Our whole financial system is bullshit.
The President just said we're on the cusp of a deal with Iran.
Today's post explores two fun facts:
1. It's the fiftieth time he's said this. (I counted!)
2. Even so, stocks rose on the news.
newsletter.platypuseconomics.com/p/how-to-pri...
Today's post explores two fun facts:
1. It's the fiftieth time he's said this. (I counted!)
2. Even so, stocks rose on the news.
newsletter.platypuseconomics.com/p/how-to-pri...
How to Price A Liar
For the 50th time this year, we're on the cusp of peace. Apparently.
newsletter.platypuseconomics.com
June 11, 2026 at 10:56 PM
Our whole financial system is bullshit.
"The credibility of our monetary system, the credibility of our financial markets, depends on the perceived and actual independence of the Federal Reserve system. They're playing with economic fire here, not just legal fire but economic fire."
@gtconway.bsky.social with @sarahlongwell25.bsky.social
@gtconway.bsky.social with @sarahlongwell25.bsky.social
September 5, 2025 at 7:05 PM
"The credibility of our monetary system, the credibility of our financial markets, depends on the perceived and actual independence of the Federal Reserve system. They're playing with economic fire here, not just legal fire but economic fire."
@gtconway.bsky.social with @sarahlongwell25.bsky.social
@gtconway.bsky.social with @sarahlongwell25.bsky.social
This is also the role that US Treasuries play in the global financial system
My dad was in choppers in Vietnam. He told me that the troops there invented a term.
At the top of every helicopter is a part they called the Jesus Nut. It holds the rotor blades to the motor shaft. If the Jesus Nut fails, your options are:
1. Prepare to meet Jesus
At the top of every helicopter is a part they called the Jesus Nut. It holds the rotor blades to the motor shaft. If the Jesus Nut fails, your options are:
1. Prepare to meet Jesus
folks again unless you have no other choice do not get in a helicopter for any goddamn reason
April 11, 2025 at 2:24 AM
This is also the role that US Treasuries play in the global financial system
President's Treasury Secretary confirms that the president's trade policies will blow up the global financial system
Bessent: "Why would I want to blow up the global financial system?"
August 24, 2026 at 5:37 PM
President's Treasury Secretary confirms that the president's trade policies will blow up the global financial system
Carney: "American hegemony in particular helped provide public goods, a stable financial system... this bargain no longer works. Let me be direct. We are in the midst of a rupture, not a transition... recently, great powers have begun using economic integration as a weapon. Tariffs as leverage ... "
January 20, 2026 at 3:50 PM
Carney: "American hegemony in particular helped provide public goods, a stable financial system... this bargain no longer works. Let me be direct. We are in the midst of a rupture, not a transition... recently, great powers have begun using economic integration as a weapon. Tariffs as leverage ... "
Japan and Canada, which is this year's chair of the G7 developed economies, have agreed to cooperate to maintain stability in financial markets and the global financial system, Japan's Ministry of Finance said reut.rs/4lD9b7I
Japan, Canada agree to cooperate on market stability
Japan and Canada, who is this year's chair of the G7 developed economies, have agreed to cooperate to maintain stability in financial markets and the global financial system, Japan's Ministry of Finance said on Wednesday.
reut.rs
April 9, 2025 at 2:25 PM
Japan and Canada, which is this year's chair of the G7 developed economies, have agreed to cooperate to maintain stability in financial markets and the global financial system, Japan's Ministry of Finance said reut.rs/4lD9b7I
Senate Passes Massive Cryptocurrency Bill, Ignoring Risk To Financial System talkingpointsmemo.com/news/senate-...
Senate Passes Massive Cryptocurrency Bill, Ignoring Risk To Financial System
The Senate gave its stamp of approval on Wednesday to a massive...
talkingpointsmemo.com
June 18, 2025 at 2:31 AM
Senate Passes Massive Cryptocurrency Bill, Ignoring Risk To Financial System talkingpointsmemo.com/news/senate-...
The Fed was designed to be insulated from politics to maintain the stability and credibility of our financial system.
The President is breaking the law, abusing his power, setting a dangerous precedent, and undermining our economy.
The President is breaking the law, abusing his power, setting a dangerous precedent, and undermining our economy.
August 26, 2025 at 2:50 AM
The Fed was designed to be insulated from politics to maintain the stability and credibility of our financial system.
The President is breaking the law, abusing his power, setting a dangerous precedent, and undermining our economy.
The President is breaking the law, abusing his power, setting a dangerous precedent, and undermining our economy.
Advocating for a United States default is advocating for the entire global financial system to collapse
This is insane. The jubilees cancelled private debts. The modern equivalent is wiping out credit card balances, not treasuries. www.nytimes.com/2026/08/22/o...
August 23, 2026 at 8:28 PM
Advocating for a United States default is advocating for the entire global financial system to collapse
The GFC, much like the AI bubble, was nothing to do with reality, but ever-twisting levels of speculation. Too much of our financial system is powered by number games dressed up as investment.
September 28, 2026 at 12:39 AM
The GFC, much like the AI bubble, was nothing to do with reality, but ever-twisting levels of speculation. Too much of our financial system is powered by number games dressed up as investment.
what if we addressed predatory banking fees or explored options like postal banking instead of pointing people to an even more predatory shadow financial system
Young men don't open bank accounts. They are too expensive. They download coin base or Robinhood app and buy crypto. That's their savings
If one party pushes that number higher. They vote for em. Gensler/Biden caused those savings to go down. The demo with the biggest change was young men
If one party pushes that number higher. They vote for em. Gensler/Biden caused those savings to go down. The demo with the biggest change was young men
This is legit the dumbest thing I've ever seen him say
March 25, 2025 at 1:37 PM
what if we addressed predatory banking fees or explored options like postal banking instead of pointing people to an even more predatory shadow financial system
💥 Trump ReTruthed, 2023:
DEI is crashing our financial system.
DEI is crashing our financial system.
April 7, 2025 at 4:51 PM
💥 Trump ReTruthed, 2023:
DEI is crashing our financial system.
DEI is crashing our financial system.
As a society, our financial system around information is insane. It is the kind of system you would create if you wanted everyone to go insane.
In general I think it's hard to combat scientific misinformation when some of the best research is locked behind an academic paywall, while lots of nonsense gets published free for everyone to read in predatory journals.
September 29, 2025 at 7:20 AM
As a society, our financial system around information is insane. It is the kind of system you would create if you wanted everyone to go insane.
Missed payments. Slashed staffing. Broken security. A patient who froze to death on the roof of a hospital.
Inside American Healthcare System, the for-profit healthcare company driving hospitals around the country to financial chaos.
Inside American Healthcare System, the for-profit healthcare company driving hospitals around the country to financial chaos.
July 28, 2026 at 8:00 PM
Missed payments. Slashed staffing. Broken security. A patient who froze to death on the roof of a hospital.
Inside American Healthcare System, the for-profit healthcare company driving hospitals around the country to financial chaos.
Inside American Healthcare System, the for-profit healthcare company driving hospitals around the country to financial chaos.
I'm no expert but I think it's bad we have a global financial system that can be tanked by the fiat of a single person.
April 7, 2025 at 4:02 PM
I'm no expert but I think it's bad we have a global financial system that can be tanked by the fiat of a single person.
The Fed was designed to be insulated from politics to maintain the stability and credibility of our financial system.
The President is breaking the law, abusing his power, setting a dangerous precedent, and undermining our economy.
The President is breaking the law, abusing his power, setting a dangerous precedent, and undermining our economy.
August 26, 2025 at 7:45 PM
The Fed was designed to be insulated from politics to maintain the stability and credibility of our financial system.
The President is breaking the law, abusing his power, setting a dangerous precedent, and undermining our economy.
The President is breaking the law, abusing his power, setting a dangerous precedent, and undermining our economy.
the GENIUS Act might be the worst piece of financial deregulation in American history www.nytimes.com/2025/05/23/o...
Opinion | Crypto Is a Threat to the U.S. Financial System
www.nytimes.com
May 27, 2025 at 3:45 PM
the GENIUS Act might be the worst piece of financial deregulation in American history www.nytimes.com/2025/05/23/o...
For oligarchs, the rise of digital finance provides large moneymaking opportunities. But for the rest of us, it increases the risk of another financial crisis.
Some thoughts. ⬇️
Some thoughts. ⬇️
Trump's crypto-ligarchy
It will blow up in his face — and possibly take the financial system with it
robertreich.substack.com
January 27, 2025 at 6:19 PM
For oligarchs, the rise of digital finance provides large moneymaking opportunities. But for the rest of us, it increases the risk of another financial crisis.
Some thoughts. ⬇️
Some thoughts. ⬇️
On hold to discuss fraud on a card we opened yesterday and haven't actually yet received, our modern financial system is wonderful.
January 20, 2026 at 4:20 PM
On hold to discuss fraud on a card we opened yesterday and haven't actually yet received, our modern financial system is wonderful.
Hitler youth under Apartheid Clyde are taking over the US financial system and mainstream media is crickets
NEW: Archived tweets for Gavin Kriger, Musk's 20-something DOGE employee wreaking havoc inside USAID, shows that Kriger has retweeted multiple neo-Nazis including Nick Fuentes, leader of the so-called Groyper movement, and another popular explicit Nazi account recently unmasked by @travisbrown.dev
Gavin Kliger, Elon's DOGE hitler youth shutting down USAID, is now indirectly responsible for the deaths of thousands of children. His Instagram appears to be @gkliger. He's scrubbing his online footprint.
Here's an archived copy of Kliger's resume: web.archive.org/web/20240418...
Here's an archived copy of Kliger's resume: web.archive.org/web/20240418...
February 4, 2025 at 5:46 AM
Hitler youth under Apartheid Clyde are taking over the US financial system and mainstream media is crickets