4.7 • 1K Ratings
🗓️ 6 August 2025
⏱️ 16 minutes
🧾️ Download transcript
If you want to earn a yield on your gold, check out https://www.monetary-metals.com/gammon/Whiteboard explaining monetary metals https://youtu.be/lw9crPfbAyI
Click on a timestamp to play from that location
0:00.0 | Love for the Robo Capitalist. Hope you're well. Huh. We have some technical issues. No problem. Let's |
0:07.8 | dive into it. Seems like we're live now. If you guys give me a thumbs up in the chat, I'd appreciate it. |
0:12.1 | If you can see the video and you can hear the video. So let's dive into it, guys. The Treasury just |
0:19.7 | did something they've never done before. |
0:23.7 | What you may be asking? What is this? What is this all about? Well, they've actually issued more |
0:30.0 | four-week bills than ever, ever, ever before. It's not just unprecedented. It's not like they |
0:36.0 | haven't done it since the GFC. They've never, ever, ever done this quite literally. So let's go into the details and then ask |
0:45.4 | why are they doing this? And what's even more interesting is how critical Scott Besant was with |
0:52.6 | Janet Yellen prior to getting the job for her doing something |
0:56.8 | that was similar. You guys will see exactly what I'm referring to. Let's start by going here. |
1:04.8 | Trump ally Besant says Yellen using Post to aid Biden, 2024 bid. Okay, so obviously this goes back to 2024. |
1:13.7 | This was before Scott Besant got the job of the Treasury Secretary. |
1:18.7 | I just want to point this out before we get into the details. |
1:21.6 | The key talking point here, the, oh, well, Trump was talking about firing Powell way back then. |
1:26.0 | Okay. |
1:26.7 | Besant backs, pay fors. |
1:29.6 | Anyway, the bottom line here is he was sharply critical or he sharply criticized Treasury |
1:36.2 | Secretary Janet Yellen accusing her and using the department to bolster President Joe Biden. |
1:41.9 | Again, this was back in 2024. He accused her of using that position politically to help Joe Biden again this was back in 2024 he accused her of using that position politically |
1:46.7 | to help Joe Biden win the election why because what he was saying is she was issuing so much |
1:52.0 | at the front end of the curve as far as the treasuries this was decreasing rates at the long end |
1:57.5 | and therefore this was some sort of benefit to Joe Biden. Now, of course, he's not |
... |
Transcript will be available on the free plan in 24 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from George Gammon, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of George Gammon and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.