Bitcoin & Stocks Are Going Higher (The Money Printer Is Coming) | Darius Dale
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Is Treasury Secretary Scott Bessent really bluffing the bond market?
and so you have this powerful tailwind for earnings at the same time you're getting uh you have this problem that keeps requiring policy intervention um in the form of financial repression or monetary debasement that is a reason for stocks to be at or near all-time highs and it's one of the reasons why we think stocks will go to make significant highs from here uh over the next 12 to 18 months in our view we don't think this bull market is over what would stop it what would stop it
What's going on, guys? Today we get a great conversation with Darius Dale. In this conversation, we talk about the Besant Bluff, the Besant Bazooka, what's going on with interest rates, what's going on at the Fed, what's going on at the Treasury, what's going on in the economy, how all of this is tied together and why so many people are upset, yet so many people are getting so rich. All of this is tied together in a way that you probably don't understand. But if you listen to this conversation, you will. Here's my latest conversation with Darius Dale. All right, Darius, I want to talk about the Besant Bluff. You like that, huh? You like that? No one used that one yet. Is he bluffing or is he got the goods?
Can he intervene in the market and get everyone back on sides or is it just a bluff?
I apologize in advance, Scott. You didn't think that was coming, huh? No, no. Look, you know, I'm here to speak my mind and say what the data lead me to tell people. And ultimately, I think the I think your characterization is. is partially accurate. I don't think it's fully accurate because I do believe we're in a fiscal dominance regime. And ultimately, if the bluff fails, then he's got backup and we know what backup looks like. You can either take the form of an expansion of reserve management purchases by the Federal Reserve. We could see we're we're going to see, in our opinion, a substantial degree of a relaxation of bank regulation that will create the balance sheet capacity for them to, you know, address this kind of supply, demand and balance in the Treasury bond market.
And if that's not the preferred path or if that bank deregulation process takes too long, you could actually see the Fed come out. You could see Besson sort of direct the Fed to come out and essentially say, hey, look, we need to get the cap yields at a certain level in order to achieve our, you know, they'll make it up. You know, they make it all of this stuff up the whole time, by the way. They'll make up, you know, this is what we need to do to achieve our price stability mandate or our labor mandate or, you know, our moderate long-term interest rate mandate, which, by the way, that's the Fed's third congressionally stated mandate that no one ever talks about.
So there's the Besant Bluff, but I think it's backed up by the Besant Bazooka. Ooh, what's the bazooka? that he has unlimited firepower. This man brought a butter knife to a gunfight. What are you talking about? Six billion dollars of buybacks? Get out of here. Yeah, because all he's doing, he's just testing. He's like... I think of it kind of... People think of the U.S. government as like America's army in a war. And what we learned over the last 25 years, one, we shouldn't be in foreign wars, another topic, but is... The insurgents, they understand something that America had a hard time learning for a while. What they used to do is, let's say that there's a base somewhere in the Middle East. They would test.
So maybe they send one guy over, he takes a couple shots, runs away. how'd they react? What'd they do? Did they all of a sudden get up and go full security? Did they send someone after him? What weapons did they have?
What does Druckenmiller’s AI‑written op‑ed reveal about market sentiment?
What vehicles? How many people? Next day, somebody else from a different angle. And they just kept kind of prodding and prodding and prodding. And then they would learn. And then they would start to understand who they were up against. And as Americans, we knew what they were doing. It's not, you know, you're not that stupid. You're like, all right, that guy just shot at me.
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Chapters
7 chapters
1
Is Treasury Secretary Scott Bessent really bluffing the bond market?
0:00–3:11
2
What does Druckenmiller’s AI‑written op‑ed reveal about market sentiment?
3:11–7:56
3
Why are stocks and Bitcoin hovering near all‑time highs right now?
7:56–16:47
4
Why is balancing the U.S. budget considered impossible today?
16:47–25:28
5
How are housing‑price dynamics creating a lock‑in effect for young vs. old buyers?
25:28–35:41
6
Should policymakers cut spending, grow the economy, or print money?
35:41–45:56
7
Can AI and Bitcoin level the financial playing field for everyday investors?
45:56–52:22
Speakers
2 identifiedMore from The Pomp Podcast
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