Treasury Intervention and the Loss of Transparent Bond Pricing

In this appearance on the And We Know Show, Dr. Kirk Elliott walks through a week of unusual policy moves and what they may mean for savers. He explains the Treasury's decision to double its daily operations in support of the 30-year bond, and why veteran investor Stanley Druckenmiller argues that defending a price undermines the transparency investors rely on when making decisions. Dr. Elliott describes the move as a form of quantitative easing that adds inflationary pressure, and contrasts it with the Federal Reserve's expected path under Kevin Warsh, who he believes will hold or raise rates, leaving the Treasury and the Fed pulling in opposite directions. He notes that Washington rarely discusses entitlement spending, pointing to France's retirement age changes as an example of austerity, and reviews Operation Economic Outcast, the Treasury's effort to cut off revenue to Iran, which he expects to pressure institutions doing business there. He frames gold and silver as private assets held outside the banking system that investors may want to consider, and invites viewers to schedule a consultation with the KEPM team.