Welcome back to Squawkbox. Joining us now, former Biden Treasury Official Natasha Sarin. She's a professor at Yale School and president and co-founder of the Budget Lab and former economic advisor uh Steven Moore.He's now with Unleash Prosperity. Stephen, you you still have um ears with people that are in charge doing all these things. What what what is your best uh guess as to to what's happening behind the scenes right now.Do you expect what Chuck Schumer has wanted all along, some type of backroom deal w ...

TeraWulf’s $3.2 billion debt deal to expand a data center garnered a comparison to one of the high-yield market’s most acclaimed moments https://t.co/R8rrvpfgDt ...

RT Nick Szabo (@NickSzabo4)@texasrunnerDFW Saddling their heirs with debt. Pathetic. Practicing on their own family what the U.S. government is practicing on the population in general. ...

One of the most powerful things that I think Charlie got absolutely and precisely right was the plight of young people, meaning the malaise and the anxiety and what was at the root cause of it. At the root cause in the way people think and now in the way people act is economic instability. Charlie does a really good job of very precisely putting it into a box what they're going through.the lack of home ownership, the overwhelming and just crushing debt, the failure of the school system, the inability to fin ...

Cryptocurrency & National Debt - The statement suggests a hypothetical scenario where the US could potentially use Bitcoin to pay off its $35 trillion debt [1]

Market Outlook - Billionaire Ray Dalio warns of a "debt-induced heart attack" within approximately 3 years [1] - The report suggests buying Bitcoin as a potential hedge [1]

Market Concerns - Investors are worried that Donald Trump's efforts to control the Federal Reserve could lead to the use of central bank tools to address America's growing debt, which is not a typical central bank function [1] Potential Risks - The market is concerned about the potential misuse of the Federal Reserve's tools to fix America's ballooning debt bills [1]

Interest Rate & Fed Policy - Potential changes in the Federal Reserve leadership, including the possibility of Lisa Cook being replaced, could influence the market's perception of interest rate policies [1] - The market anticipates that President Trump will appoint someone who favors lower interest rates when Powell's term ends next year [2] - The yield curve is steepening due to expectations of short-term rate cuts, which ironically could increase inflationary pressure in the long run [3] - The focus is on whether inflation is under control, given that governments globally have significant debt and desire lower yields to reduce debt servicing costs [8] - Rate cutting cycles have historically been negative for the equity market, with major corrections or bear markets occurring in six out of the last eight instances [9][10] Inflation & Bond Market - Despite pressure to lower rates, inflation may persist and could become a long-term issue [4] - The gap between the 2-year and 30-year Treasury yields has widened to its largest in several years [4] - If rate cuts stimulate inflation, long-term yields are expected to rise [7] - The bond market may challenge the Fed's policies by selling off, leading to higher yields [13] Global Economic Context - The trend of focusing on inflation being not under control and governments having massive debt piles is happening globally [8] - The Bank of England cut rates, but now they have inflation at an 18-month high, and bond yields have been rising [11] - There is a good chance that a rate-cutting cycle could be initiated because things are breaking down globally [12]

Government Debt & Political Risk - French Prime Minister called a shock confidence vote over its debt, indicating potential political instability related to government finances [1] Macroeconomic Implications - The situation highlights concerns about France's debt levels and the government's ability to manage its finances, which could impact investor confidence [1]

Monetary Policy & Economic Impact - Abandoning the gold standard is considered a costly mistake, leading to a departure from honest monetary practices [1] - The shift away from gold-backed currency enabled unchecked money printing, funding unsustainable wars [2] - Faking the money supply resulted in rising prices, stagnant wages, and a decline in living standards [3] - The transition from sound money to debt-based system has burdened future generations [5] Societal Changes - Families faced challenges in raising children due to time and financial constraints, leading to outsourced parenting [3][4] - Moral decline was observed, with increased debt, gambling, and anti-depressant use [4] - Family structures weakened, evidenced by doubled divorce rates and plummeting birth rates [4] - Dietary habits worsened, with increased consumption of cheap, unhealthy food, contributing to obesity [5] Generational Perspective - The current generation is inheriting a substantial debt burden with uncertain repayment prospects [5] - There is a call to return to sound money principles to secure a better future [5]