{"id":2116,"date":"2026-09-16T07:45:38","date_gmt":"2026-09-16T07:45:38","guid":{"rendered":"https:\/\/kensmartips.com\/finance\/?p=2116"},"modified":"2026-09-16T07:45:38","modified_gmt":"2026-09-16T07:45:38","slug":"scott-bessent-is-at-war-with-prices-and-prices-are-winning","status":"publish","type":"post","link":"https:\/\/kensmartips.com\/finance\/?p=2116","title":{"rendered":"Scott Bessent Is at War With Prices \u2014 and Prices Are Winning!"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"480\" height=\"270\" src=\"\/\/www.youtube.com\/embed\/wZaYyNAXHK4\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p>Go to http:\/\/ground.news\/pb for a better way to stay informed. Subscribe for 40% off unlimited access to worldwide coverage through my link. <\/p>\n<p>Treasury Secretary Scott Bessent is trying to force down US Treasury yields with surprise bond buybacks \u2014 and it isn&#8217;t working. In this video we break down Bessent&#8217;s activist debt management strategy, why doubling the Treasury&#8217;s long-dated buybacks is a bet on falling interest rates funded by short-term bills, and why his old boss Stanley Druckenmiller publicly tore the plan apart in a Wall Street Journal op-ed (&#8220;Let the Bond Market Speak&#8221;). We look at the collision with new Federal Reserve Chair Kevin Warsh after Jackson Hole, the 50% tariffs on Canada and the Mark Carney feud, &#8220;Operation Economic Outcast&#8221; and the secondary-sanctions problem with China and Iranian oil, the GENIUS Act and crypto&#8217;s role in sanctions evasion, and Stephen Miran&#8217;s case for the defense. The through-line: you can&#8217;t trade around arithmetic. When a government goes to war with market prices, the bond market has an infinite balance sheet \u2014 and prices tend to win.<\/p>\n<p>Patrick&#8217;s Books:<br \/>\nStatistics For The Trading Floor:  https:\/\/amzn.to\/3eerLA0<br \/>\nDerivatives For The Trading Floor:  https:\/\/amzn.to\/3cjsyPF<br \/>\nCorporate Finance:  https:\/\/amzn.to\/3fn3rvC <\/p>\n<p>Ways To Support The Channel<br \/>\nPatreon: https:\/\/www.patreon.com\/PatrickBoyleOnFinance<br \/>\nBuy Me a Coffee: https:\/\/www.buymeacoffee.com\/patrickboyle<\/p>\n<p>Visit our website: https:\/\/www.onfinance.org<br \/>\nFollow Patrick on Twitter Here: https:\/\/bsky.app\/profile\/pboyle.bsky.social<\/p>\n<p>Business Inquiries \u27a1\ufe0f sponsors@onfinance.org<\/p>\n<p>Patrick Boyle On Finance Podcast:<br \/>\nSpotify: https:\/\/open.spotify.com\/show\/7uhrWlDvxzy9hLoW0EYf0b<br \/>\nApple: https:\/\/podcasts.apple.com\/us\/podcast\/patrick-boyle-on-finance\/id1547740313<br \/>\nGoogle Podcasts: https:\/\/tinyurl.com\/62862nve<\/p>\n<p>Join this channel to support making this content:<br \/>\nhttps:\/\/www.youtube.com\/channel\/UCASM0cgfkJxQ1ICmRilfHLw\/join<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Go to http:\/\/ground.news\/pb for a better way to stay informed. Subscribe for 40% off unlimited access to worldwide coverage through [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":2117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kensmartips.com\/finance\/?p=2116\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scott Bessent Is at War With Prices \u2014 and Prices Are Winning! - FINANCE\" \/>\n<meta property=\"og:description\" content=\"Go to http:\/\/ground.news\/pb for a better way to stay informed. 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