COULD TRUMP BE SETTING UP DEMS TO DEAL WITH AN IMPLODING BOND MARKET? Quinn Thompson on Forward Guidance lays out the provocative theory that Trump may be keeping the bond market at bay until after the midterms, when Democrats could take control of Congress and inherit the consequences of years of runaway spending. At that point, the admin could “let the bond market go,” creating the crisis needed to finally force Congress to cut spending, with Democrats taking the blame. “You kind of need a crisis or event” to force real legislative change and confront the tsunami of national debt.

LUKE GROMEN: AMERICA NEEDS A DEBT RESET Luke Gromen says US leaders need to level with Americans about what eliminating the country’s debt burden would mean. “The effects of this are going to be very inflationary.”

BITCOIN’S FUNDAMENTAL THESIS IS STRONGER THAN EVER The US national debt has doubled from roughly $20 trillion to $40 trillion in just a decade, while interest payments have climbed above $1 trillion a year. Bitcoin News’ @_Rob_Wallace went on @PlebUnderground and argued the government ultimately has one escape hatch - to print more money to keep the bond market functioning. “Every dollar that they print decreases the value of every dollar in your bank account.” Rob's conclusion is that Bitcoin is increasingly becoming the escape valve for investors looking to protect their purchasing power.