this post was submitted on 05 Aug 2026
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We're undergoing an astronomical increase in private wealth, while the US Federal Government spends far in excess of tax revenues on programs that go directly into private pockets. Not a coincidence.
But all this talk of "Historic Debt". Nobody seems to want to ask "Who is holding the other end of the Treasury Notes?"
As often as not, its these trillion-dollar mega-corps. Mutual funds and private pensions hold roughly $5.5T. Private investors hold another $7T. Famously, during the 2008 crash, the bailed-out investment banks were taking loans out at sub-zero interest rates and throwing the money directly back into Treasuries yielding 3-4%, effectively giving them a multi-billion $ yield with zero risk simply to shore up their ruined balance sheets. Now they leverage those notes 10:1 to take big gambles on the tech sector and associated financial and real estate plays.
This is how the ultra-rich make money in the modern economy. Your elected allies in the public sector just give it to you. And then you give them back a bag full of IOUs and empty promises about jobs growth.
Trump's never been the brains behind the operation. He's got Scott Bessent, Howard Lutnick, and Jared Kushner doing the looting and pillaging. And they're as sharp as anyone in Trumpworld.