Bessent Breaks the Bond Market, The China Pivot That Could Sink Canada's Economy, Kisin vs Keen
Tom Bilyeu and team break down three major stories. First, a debate between former guests Konstantin Kisin and Steve Keen on climate change and de-growth versus innovation, with Bilyeu arguing for rational optimism and against doom narratives. Second, Treasury Secretary Scott Bessent's efforts to control rising long-term bond rates, including a rumored plan to use the Treasury General Account for bond buybacks, set against the backdrop of $40 trillion in US debt and China dumping Treasuries. Finally, a breakdown of the US-Canada trade war after Canada walked away from a deal, examining the economic asymmetry, Carney's China pivot, and why Trump's bullying posture backfired.
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