Letter to the Editor
A couple of days ago, The White House published a great press release relating to Canada’s east coast tariffs. DJT has now announced that Lake Ontario will be renamed as Lake America. America pays for the lake’s economic running, so gets to name it. Canada’s not just losing its businesses.
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It’s not at all surprising that Canadian businesses are relocating to the U.S., as they don’t even hide their declarations of war. It was Mark Carney’s Industry Minister, Melanie Jolie, who just came right out with it. She made it quite clear that Ottawa was going to economically attack, via tariffs, specific American states. Jolie stated: – [quote]. ‘We’re also targeting products [via tariffs] that will target states in the U.S.. And so we’re being wise and strategic to put political pressure [on targeted states] and that’s why we think its the right thing to do right.’ [unquote].
Johnson previously worked on Democratic political campaigns in the United States, including Hillary Clinton’s 2016 presidential campaign. She also serves as the Prime Minister’s senior adviser on Canada–U.S. relations and will now oversee the day-to-day operations of the PMO—the first time such a position has existed.
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So, as we approach the mid-terms the stakes are getting higher. Right now, it is without doubt, that the most interesting U.S. spokesman is Scott Bessant and the U.S. Department of Treasury. The department’s weekly press releases are currently slamming it. These gents and ladies aren’t playing games and they’re extremely serious.
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What happened three days ago (25.08.26)? Well the U.S. Treasury Secretary, Scott Bessant, just warned the entire market, that if they’re going to test him by shorting U.S. Treasuries to pump up yields and destabilise the economy prior to the mid-terms: – please don’t try it. Initially Bessant countered them with buy-backs of $2 billion, and then $4 billion. But then what did he do? – he then upped the stakes to $1 trillion dollars! So, within five days (20-25 Aug), the liquidity has gone from $2 billion, to $4 billion, – to $1 trillion.
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Bessant was saying, don’t you ever test me. And what did they do? Yup! – they decided to test him. And what did they say to him? – ‘Hey, we’ve got $20 billion,’ and what did Big Daddy Bessant say to them?, – ‘Ah but, no, no, no, – its now a trillion dollars.’ He said show me what you got next?. And that’s where we’re at.
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They have now realised that he is deadly serious. The 30-Year is down about 1%, and the buy-backs haven’t even started [the buy-backs will begin on 9 Sept]. What this means is that the regime of liquidity has changed, and the market is waking up to a new reality. It now knows that the U.S. Treasury is not joking. The Treasury is prepared to spend $1 trillion dollars to keep the long duration Treasuries nice and stable, and not just for the mid-terms.
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This is why capital is now rotating into risk-on assets: Bessant destroyed the mid-term shorters. And this is ‘before’ the liquidity injection starts on 9 September. That’ll be nice. This is when everything will fall into line, perfectly in time for an asset boom into the mid-terms. Everything’s lining up perfectly here. Just as we knew it would.
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In the same week (24.08.26), when discussing ‘Operation Economic D-Day,’ Bessant let everyone know that the U.S. Treasury is not playing games: – its deadly, deadly serious.
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[quote]. (Journalist). – ‘So, why not impose the sanctions today? (Scott Bessant). – ‘Well, we were giving everyone the opportunity to remedy bad behaviour. Why would I want to blow up the global financial system? We believe that it’s important to level set and give people a cure period, but they should know, that that will move very quickly, – and that we are serious. . . . And we do not take their (Office of Foreign Assets Control, OFAC) use lightly. And if people do not want to meet our expectations, then we expect, and they should expect, – that they will leave the dollar system. Thank you all.’ [unquote. 19:58-20:55].
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https://www.youtube.com/watch?v=abriePXlUP4
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So, the U.S. Treasury is extremely serious about removing criminals from the dollar system and the window of opportunity is short. The U.S. Treasury doesn’t need their ponds of capital, as its got an ocean of it, and other global oceans will soon be tapped [Trump’s legislation of 18 July 2025].
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As the economic war between the old City of London financial system and the new American financial system reaches its inevitable conclusion. The latter will basically return to America’s Free Banking Era system that existed between 1837-1863. This was the wealthiest period in America’s history, when any bank could issue its own currency. This is what’s already in place and ready to go. This is how billions and eventually trillions of previously untapped global capital will flood into U.S. Treasuries.
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People need to decide which economic system they want to belong to.
From Capitalists of the World Unite
Canada
re: “‘Why would I want to blow up the global financial system?’
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Because I have a better one in the oven. The obvious answer is that the foundation of his system is derelict and he and his Cult are setting up a better one for themselves. It’s called BRICS and it has far far greater potential than the current setup. It’s been primed for years and it’s still progressing full steam ahead underneath the smoke and mirrors thrown at the gullible Moes and Joes.
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Bessent’s sort of statement works for the simpletons who will pay for his Cult’s Bottom of the Harbour Scheme in the West. The proceeds of the evident Western asset stripping will go a long way towards the foundation and the operation and control of the Cult’s Build Back Better system. Unless the cattle are startled into a stampede and trample the Cult into dust..
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But that will only happen if the cattle figure out their Virtual $ is in somebody else’s hands and control and that it is worth virtually NOTHING when they cannot access it and exchange it for real things. .
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Meanwhile, they can keep dreaming that the earth is not shifting under them. It’s what they prefer to do anyway. And the Cult Barons and their Foremen know it.
During Bessant’s ‘Economic D-Day’ press announcement (24.08.26), the following statement was probably his most important: i.e., – ‘Why would I want to blow up the global financial system?’
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In short; the Treasury Secretary was saying that the existing financial system is so deeply criminal, that if he pulled the plug at once, – it would destroy the global financial system.
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The accompanying release from the USDT provides an incipient list of the criminal enterprises associated with the City of London’s Hormuz privateers. This initial local list is far from comprehensive and doesn’t pretend to be.
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https://home.treasury.gov/news/press-releases/sb0613
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Despite 85% of global trade being conducted in U.S. dollars, most global citizens still cannot access it, so cannot convert their depreciating local currencies into dollars.
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As most global currencies devalue extremely rapidly, e.g, Argentinian pesos are reduced to zero in two years (98% inflation), Turkish lira in three years (97%), or some Third World countries in three months, these people cannot save money because its reduced to nothing in a few years. Therefore, they are forced to dispose of the money and can never accumulate wealth. And not to mention, the 17% of the world’s population that are still unbanked under the present system. People in the West remain incapable of grasping this monetary reality.
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With the new American financial system, which is based upon the Free Banking Era model (1837-1863), anyone with a mobile phone, anywhere in the world, will soon be able to able to buy U.S. dollars. These people will then be able to store and accumulate wealth. Some for the first time ever. This will come about via stablecoins, whose stability derives from their pegging to the U.S. dollar.
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Tether and Circle already have transaction volumes greater than Visa and Mastercard. Tether’s CEO, Paulo Ardoino mentioned ages ago, that nearly half of the world’s population of 3 billion people already use Tether stablecoins. This has certainly grown since then.
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This is why the Trump administration’s passing of the Genius Act and the Clarity Act are central to the new American free-banking economy. And why the old financial degenerates are at war with its implementation.
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Following Senate approval, DJT finalised the Genius Act by signing it into law (18.07.25). This preliminary piece of legislation is basically a Stablecoin Act. The second part of the new economic legislation is that of the Clarity Act. Despite Democrat sabotage of the vote, the SEC recently announced that it would step in and provide Clarity. So, either way, no problems on that front.
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Previously, Scott Bessant projected stablecoin adoption to reach $3.7 trillion by 2030 [current data indicates 2027]. That’s $3.7 trillion in ‘guaranteed’ U.S. Treasury demand. The reason is simply because of the legal requirements outlined by the Genius Act, which demands that every dollar received by stablecoin providers, such as Tether or Circle, – must be used to buy U.S. Treasuries.
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That’s the law. And this creates a perpetual international demand for U.S. debt.
Stablecoins constitute the essence of America’s new financial model, where every stablecoin is pegged to the dollar, and every every dollar received via stablecoins must buy U.S. Treasuries. That’s the genius of the Genius Act.
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It is expected that the global demand will reach ~$10 trillion. This in itself, will create a self-reinforcing strengthening of the U.S. dollar, U.S. Treasuries and U.S. dollar pegged stablecoins.
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Like America’s nineteenth century Free Banking Era, the free banks of the new American economy, i.e., the stablecoin issuers, will be forced to compete with each other in creating the best possible service for their customers. Those with poor banking practices will go extinct. This elimination process has already produced tomorrow’s leaders.
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re: “The Treasury is prepared to spend $1 trillion dollars to keep the long duration Treasuries nice and stable, and not just for the mid-terms.”
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Another $1 TRILLION++ to pay back, plus interest! … It’s Just An Old Fashioned Love Song in $40 TRILLION Harmony. Can’t wait for the 2030 blowback and the 100 year commemoration of the 1930s Great Depression.
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2030 seems set to be a good year for the Big Boys. Not so good for the mug punters who are led by the nose and believe in miracles and the Gurus of Plenty. The Quality of Shylocks’ Songsheet Is Much Strained.
Theatre. Carney pretends to be playing a different game to Baby Trump.
Started in 1930, the North American Technate is taking shape.
US, Canada, Mexico, Greenland, Venezuela.
Other nations can sort out their own alignments, Hunger Games style.
Johnson – Jewish
I seem to remember a story, Brer Rabbit: “Oh please don’t throw me in the briar patch”
https://www.youtube.com/watch?v=umQfHtIi-34 (7 miin)
or
https://theleahfiles.substack.com/
scroll down for collapse indicator model