Hello, fellow rebel capitals, hope you're well. So we've got big news in the bond market. That's right.

Is it the start of what everyone has been predicting for years that finally the treasury market is

blowing up? Finally, all of the debt and the deficit chickens are coming home to roost. And the way the

debt spiral works, or so they say, is the deficits get higher and higher. The debt gets higher and

higher. And pretty soon, there's just no more buyers. There's no more balance sheet capacity.

So then what you have to do is the interest rates go up,

of course. And what that does is that leads to more government spending because the interest

rate debt burden or the burden for the debt because the interest rates are growing up becomes

increasingly cumbersome, let's say. And so then what do

they do? They have to quote unquote print more money. You got to print more bank reserves. And then they just

end up having to do yield curve control because there's just so much debt and the deficits continue to go

higher and higher and higher and higher, which means there's more and more supply of treasuries.

And there's just a massive supply demand imbalance. And that's what they tell you.

They've been talking about this for, what, 45 years, something like that. So did we just enter it?

That's the question. I mean, did you see what happened to interest

rates today? It's crazy. Let's go over and let me do a screen share and we're going to, well,

I guess I got to do the screen share first, don't I? Let's do the screen share. There we go, George. Okay, now we should be good to go. All right. So let's go over to CNBC first and foremost. What are you talking about, George? Fill me in. I've been busy at work or busy with the kids all day long. So I've been watching the bond market. So if we go over to the 10-year treasury yield, look at this, up almost 13 basis

points today. And look at the action just in the last couple days. Let's do a five-day chart.

Straight up. Straight up. I mean, it's the thumbnails said that they're skyrocketing, and that is not an

exaggeration.

I mean, you guys know from watching my videos, a 13 basis point move in the 10-year treasuring one day is huge.

That is massive.

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