Solving America's Debt Crisis
Yes we can permanently solve America's debt crisis.
TheDiversityParty.Com
8/20/20265 min read
U.S. Treasury Secretary Scott Bessent is a card-carrying member of the OPC Gang and works for the benefit of the OPC Gang.
Bessent has devised yet another excuse to use the full faith and credit of the OUR GOVERNMENT to benefit the OPC GANG.
Bessent’s $4 billion bond buyback plan is like ‘rearranging deckchairs on the Titanic given the U.S. national debt of $40 trillion,’ Chris Turner from ING
TURNER: U.S. Treasury Secretary Scott Bessent made a surprise intervention into the bond market yesterday, promising to “at least double” its buybacks of long-dated bonds, such as the 10-, 20-, and 30-year Treasuries.
“The current maximum size of $2 billion per operation will be at least $4 billion per operation.”
The buying will start on September 9.
A total of up to $128 billion could be spent over the course of a year, The Wall Street Journal estimated.
The intent of the operation is to raise the price of the bonds and thus lower the interest yield on them.
Long-dated bonds are used to set interest rates on a wide range of credit products, such as mortgages, car loans and commercial loans.
If rates fall, that credit should become cheaper to obtain.
The intervention worked: The yield on the 30-year Treasury fell from over 5.3% to 5.19%, before ticking up a little to 5.218% this morning. (That’s a big single-day decline in bondland.)
Wall Street reacted with … skepticism.
“While increasing liquidity buy-back operations by $2 billion might seem like rearranging deckchairs on the Titanic given the U.S. national debt of $40 trillion, yesterday's intervention by the U.S. Treasury has been warmly greeted by investors around the world,” ING’s Chris Turner told clients this morning.
Guneet Dhingra and his team at BNP Paribas said: “Despite a series of efforts to thwart bond vigilantes, we believe these measures will struggle to offset either declining Fed credibility or rising rate expectations. … bond vigilantes continue to have the upper hand.
The boost to buybacks is also happening in a world of challenged Fed credibility.
We do not believe buybacks will be enough to offset a continued loss in Fed credibility.”
“Admittedly, the increase in buybacks isn’t a particularly big amount relative to the number of outstanding Treasuries.
But it offers a signal that officials are willing to support the long end,” Deutsche Bank’s Henry Allen et. al., said in an email.
Ed Yardeni, who invented the phrase “bond vigilantes,” said “Bessent is signaling that he will do whatever it takes to keep a lid on bond yields.
His message to the Bond Vigilantes: ‘You folks aren't the only players in the bond market.’”
WALL ST. JOURNAL
Bessent Leans Into His Role as America’s Bond Trader in Chief
Treasury Department signals willingness to intervene after yields hit nearly two-decade highs
Treasury Secretary Scott Bessent has shown he’ll do unconventional things to get markets moving his way. His latest maneuver is his most radical yet.
Facing an uncomfortable rise in longer-term interest rates, Bessent took action early Wednesday when the agency he leads announced that it would significantly step up purchases of government bonds as part of its existing buyback program.
Markets quickly responded in a way they haven’t to Bessent’s previous moves, with stocks rising and Treasury yields falling sharply.
TDP: Bessent and his One Per Cent gang of billionaires and bankers continue to utilize the full faith and credit of our government to the massive benefit of the One Per Cent Gang.
We the Unwashed Masses beneath their feet do not need what they need.
The One Per Cent Gang can never accumulate enough wealth to satisfy their greed, their insane, anti-social demand to exert and maintain absolute power and control over the toiling masses under their thumb.
The OPC Gang will continue to use the full faith and credit of our government to benefit themselves until We The People take power and control away from them and start using the full faith and credit of the U.S. government to benefit We The Working Class & Low-Income Class.
What would be the best, optimal way to use the full faith and credit of the U.S. government to benefit We The People?
The answer begins in realizing who We The People are, what We The People already did and what We The People have a right to do.
Undocumented immigrants help build this country. Colonialists kidnapped African slaves, brought them to America and executed forced slavery to work and build the things White colonialists were unwilling to build and do.
Documented immigrants also built this country from the ground up for what amounted to slave wages.
The One Per Cent Gang of billionaires and bankers have always benefited from the full faith and credit of the U.S. government while maintaining institutional control of the work slave economy.
So what are We The People going to do about it?
We The People must elect representatives who will actually use the full faith and credit of our government to the great magnificant benefit of We The People, We The Working Class and Low-Income Class.
We need to stop selling Treasury Bills to fund our government.
We need to stop taxing the Working Class and Low-Income class.
We need to sufficiently tax individuals and corporations whose assets exceed $25 million and $500 million respectively.
But the most imporant change we should do is to convert our government from a pawn shop government to a debt-free, self-funding government that particularly benefits We The Working Class and Low-Income Class.
We need to Congress to stop funding our government by selling T-bills to foreign and private domestic investors, and start depositing USCC-bills into the U.S. Government bank account at the U.S. Treasury Dept.
*USCC United States Currency Certificate - a U.S. Bond Instrument authorized by Congress
For example, Congress could deposit a $70 trillion USCC into the U.S. Gov't bank account, pay off the national debt and have $30 trillion left over to fund U.S. government operations, obligations and programs for the next four years.
There is no need whatsoever to use a central bank known as the Federal Reserve to hock our government to foreign and private domestic investors so they can earn interest from the government that was built by and belongs to We The Working Class and Low-Income Americans.
Once we convert our government to a self-funding, debt-free government who taxes the mega-rich and mega-corps, Congress pays off the national debt and funds our government's needs for the next four years.
No more national debt, no more bi-partisan PAYGO system designed to use the full faith and credit of our government to benefit the One Per Cent Gang, while denying the Working Class and Low-Income Americans access to the full faith and credit of our government.
Never again shall We The People tear our American flag into tiny pieces and sell those pieces to foreign and domestic investors.
Never again shall We The People go into bankers debt to fund our government.
The People's U.S. currency is not what the foreign exchange says it's worth, it's worth what We The People say it's worth right here in America, working for the American people.
Who the hell is the One Per Cent Gang?
The Trillionaire, billionaires, bankers and bozos in the U.S. Senate, House and White House who take money from BIG DONORS to use the full faith and credit of our government to benefit BIG DONORS in the One Per Cent Gang
Members include the U.S.-Israeli military industrial complex, mega corporations, foreign lobby groups.
The ultimate democratic socialist act a people can do is to use the full faith and credit of the people's government to the great benefit of We The People.
Currently the full faith and credit of the U.S. government is under the control of the One Per Cent Gang and works for the benefit of the One Per Cent Gang.
The Diversity Party
Political party advocating for social, economic and environmental justice.
contact@thediversityparty.com
© 2026 The Diversity Party | All rights reserved.
