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Jesse
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The Fed Is Losing Its Biggest Dove zerohedge.com/markets/fed-lo…
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US interest expense on public debt just crossed $1.27 trillion over the last 12 months. It took 73 years to 109x that number from 1947 to 2019. It has more than doubled in the six years since.
The 30-year treasury just cleared 5% for the first time since 2007. Japan's 20-year bond hit its highest yield since 1997. This isn't an isolated move. This is a global repricing of sovereign debt risk happening in real time.
The doom loop is simple: higher rates mean higher interest expense, which means more borrowing, which means more supply, which pushes rates higher. At this pace, interest on the debt will surpass Social Security as the largest line item in the federal budget. The US government will spend more servicing past borrowing than on the retirement safety net for 70 million Americans.
Global money supply just crossed $121.9 trillion, up $17.1 trillion in two years, growing at 7-8% annually. Central banks are trapped between inflation that won't die and debt loads that require low rates to service. Cut rates and you pour gasoline on the inflation fire. Hold or hike and the interest expense spiral accelerates. There is no clean exit.
The inflation side is getting worse. Electricity prices up 50% in five years. PPI leading CPI higher. Data center construction at $50 billion annualized, up 437% since 2021, now exceeding office construction. The Informationist's CPI overlay tracks the 1970s pattern with a 0.93 correlation. April 2026 CPI sits at 3.78%, right at the inflection point where inflation re-accelerated before peaking near 14%. The Fed declared victory prematurely then, too.
Meanwhile the S&P 500 just set a record for the most components hitting new 52-week lows on a day the index poked above its prior all-time closing high. The six-week rally is the biggest since QE1, concentrated in a handful of AI and infrastructure names. The index is a mask. Underneath it, the average company is deteriorating.
Twenty-one million against all of it.

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@KobeissiLetter @KingKong9888 What a coincidence for this fucker to fuck off as the yield market blows up
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@RyanDoyleIRL @BitcoinRachy You can’t spend a single satoshi, verify a balance, or even prove you own anything without electricity + network. What’s stopping the feds from pulling the plug on the internet? Gold and silver don’t need WiFi, nodes, or a functioning grid to buy bread or trade for ammo.
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@jesse_z06 @BitcoinRachy Gold has counterparties too.
Custodians. Vaults. Governments that confiscated it in 1933.
12 words in your head has zero counterparties.
Self custody changes everything
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