# Treasuries on The No Agenda Show

Treasuries comes up in 207 chapters across 182 episodes of The No Agenda Show, from January 2008 to September 2026.

- **Chapters:** 207
- **Episodes:** 182
- **Discussed:** January 2008 – September 2026
- **Related topics:** [Treasury Department](https://search.noagendashow.net/topic/treasury-department.md), [Treasury](https://search.noagendashow.net/topic/treasury.md), [Federal Reserve](https://search.noagendashow.net/topic/federal-reserve.md), [Scott Bessent](https://search.noagendashow.net/topic/scott-bessent.md), [Treasury Secretary](https://search.noagendashow.net/topic/treasury-secretary.md), [Timothy Geithner](https://search.noagendashow.net/topic/timothy-geithner.md), [Goldman Sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [Irs](https://search.noagendashow.net/topic/irs.md), [Janet Yellen](https://search.noagendashow.net/topic/janet-yellen.md), [Treasury Bonds](https://search.noagendashow.net/topic/treasury-bonds.md)

## Chapters 1–20 of 207

### Obama Administration’s 2009 Conflict with Fox News

- **Episode:** [1905: Nerdballs](https://search.noagendashow.net/episode/1905-nerdballs.md)
- **Published:** 2026-09-20
- **Time:** 1:27:31–1:30:13
- **Transcript:** https://search.noagendashow.net/episode/1905-nerdballs/chapter/obama-administration-s-2009-conflict-with-fox-news.md

Adam Curry plays archival clips from 2009 showing the Obama White House attempting to exclude Fox News from pool coverage, claiming the network operated as a research arm for the Republican Party. The segment illustrates that tension between the executive branch and specific news outlets is a recurring theme in American politics, not unique to the Trump administration.

Keywords: [barack obama](https://search.noagendashow.net/topic/barack-obama.md), [fox news](https://search.noagendashow.net/topic/fox-news.md), [treasury department](https://search.noagendashow.net/topic/treasury-department.md), [chris wallace](https://search.noagendashow.net/topic/chris-wallace.md), [media bias](https://search.noagendashow.net/topic/media-bias.md)

### Federal Reserve Interest Rates and Stablecoin Speculation

- **Episode:** [1904: Junkie Communism](https://search.noagendashow.net/episode/1904-junkie-communism.md)
- **Published:** 2026-09-17
- **Time:** 1:30:01–1:33:29
- **Transcript:** https://search.noagendashow.net/episode/1904-junkie-communism/chapter/federal-reserve-interest-rates-and-stablecoin-speculation.md

Trump criticizes the Federal Reserve for keeping interest rates too high and suggests a "swipe of a pen" could resolve deficits. Speculation follows that the proposed $5,000 dividend might be issued as a government-backed stablecoin to ensure the money is spent within the United States.

Keywords: [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), [trump](https://search.noagendashow.net/topic/trump.md), [stablecoin](https://search.noagendashow.net/topic/stablecoin.md), [treasury](https://search.noagendashow.net/topic/treasury.md), [ppp loans](https://search.noagendashow.net/topic/ppp-loans.md)

### Scott Bessent on AI Economic Growth and Regulation

- **Episode:** [1903: Non-Practicing](https://search.noagendashow.net/episode/1903-non-practicing.md)
- **Published:** 2026-09-13
- **Time:** 1:56:03–1:59:36
- **Transcript:** https://search.noagendashow.net/episode/1903-non-practicing/chapter/scott-bessent-on-ai-economic-growth-and-regulation.md

Treasury Secretary candidate Scott Bessent discusses the economic impact of AI, noting that hyperscalers are spending $750 billion annually. He warns that over-regulation in the U.S. could allow China to take the lead in technology. Bessent emphasizes the need for a "difficult calculus" to balance innovation with safety.

Keywords: [scott bessent](https://search.noagendashow.net/topic/scott-bessent.md), [gdp](https://search.noagendashow.net/topic/gdp.md), [treasury](https://search.noagendashow.net/topic/treasury.md), [china](https://search.noagendashow.net/topic/china.md), [g7](https://search.noagendashow.net/topic/g7.md)

### Treasury Buybacks, Scott Bessent's Market Strategy

- **Episode:** [1897: Caconian](https://search.noagendashow.net/episode/1897-caconian.md)
- **Published:** 2026-08-23
- **Time:** 1:11:37–1:15:32
- **Transcript:** https://search.noagendashow.net/episode/1897-caconian/chapter/treasury-buybacks-scott-bessent-s-market-strategy.md

Treasury advisor Scott Bessent is implementing a strategy to lower interest rates by increasing the size of government bond buybacks. The goal is to signal that current yields do not reflect underlying fundamentals, which have been distorted by massive corporate bond issuance for AI projects. The hosts explain how the Treasury is using short-term T-bills to fund these operations.

Keywords: [scott bessent](https://search.noagendashow.net/topic/scott-bessent.md), treasury buybacks, t-bills, [interest rates](https://search.noagendashow.net/topic/interest-rates.md), corporate bonds

### Treasury Twist, Janet Yellen Precedent

- **Episode:** [1897: Caconian](https://search.noagendashow.net/episode/1897-caconian.md)
- **Published:** 2026-08-23
- **Time:** 1:15:32–1:19:09
- **Transcript:** https://search.noagendashow.net/episode/1897-caconian/chapter/treasury-twist-janet-yellen-precedent.md

The hosts compare Bessent's current strategy to the "Treasury Twist" previously utilized by Janet Yellen. While Bessent and other advisors once criticized Yellen for being "opportunistic" with bond auctions, they are now employing similar tactics on a larger scale. Bessent claims to have "asymmetric information" that justifies these interventions to stabilize the market.

Keywords: treasury twist, [janet yellen](https://search.noagendashow.net/topic/janet-yellen.md), [kevin warsh](https://search.noagendashow.net/topic/kevin-warsh.md), asymmetric information, [bond market](https://search.noagendashow.net/topic/bond-market.md)

### National Debt Reaches 40 Trillion and Quantitative Easing

- **Episode:** [1896: Just Dew It](https://search.noagendashow.net/episode/1896-just-dew-it.md)
- **Published:** 2026-08-20
- **Time:** 57:36–1:00:37
- **Transcript:** https://search.noagendashow.net/episode/1896-just-dew-it/chapter/national-debt-reaches-40-trillion-and-quantitative-easing.md

The United States federal debt has reached a record $40 trillion, increasing by $1 trillion in the last five months alone. Rising costs for Social Security and Medicare, combined with tax cuts and pandemic relief bills like the One Big Beautiful Bill Act of 2025, are cited as primary drivers. The Treasury has reportedly begun purchasing back bonds, a move the hosts discuss as a form of debt monetization or quantitative easing to lower long-term interest rates.

Keywords: [national debt](https://search.noagendashow.net/topic/national-debt.md), [social security](https://search.noagendashow.net/topic/social-security.md), [medicare](https://search.noagendashow.net/topic/medicare.md), [quantitative easing](https://search.noagendashow.net/topic/quantitative-easing.md), [treasury](https://search.noagendashow.net/topic/treasury.md), [interest rates](https://search.noagendashow.net/topic/interest-rates.md)

### Operation Economic Fury, Scott Bessent on Iran

- **Episode:** [1894: Fever Concerns](https://search.noagendashow.net/episode/1894-fever-concerns.md)
- **Published:** 2026-08-13
- **Time:** 1:09:28–1:11:58
- **Transcript:** https://search.noagendashow.net/episode/1894-fever-concerns/chapter/operation-economic-fury-scott-bessent-on-iran.md

Scott Bessent, described as a key economic strategist, outlines "Operation Economic Fury," a plan to cripple the Iranian economy through hyperinflation and missile production strikes. The goal is to force a ceasefire and render the Straits of Hormuz irrelevant for global energy transport. Bessent predicts that within two years, energy will move primarily through underground pipelines rather than contested maritime routes.

Keywords: [scott bessent](https://search.noagendashow.net/topic/scott-bessent.md), [iran](https://search.noagendashow.net/topic/iran.md), operation economic fury, [straits of hormuz](https://search.noagendashow.net/topic/straits-of-hormuz.md), food inflation, [treasury department](https://search.noagendashow.net/topic/treasury-department.md)

### Scott Bessent, Assassination Attempt, Treasury Secretary Confirmation

- **Episode:** [1887: The Stick Works](https://search.noagendashow.net/episode/1887-the-stick-works.md)
- **Published:** 2026-07-19
- **Time:** 43:54–48:46
- **Transcript:** https://search.noagendashow.net/episode/1887-the-stick-works/chapter/scott-bessent-assassination-attempt-treasury-secretary-confirmation.md

Treasury Secretary Scott Bessent spoke about the financial lifeblood of transnational terrorism. During his remarks, he referenced a February 2024 assassination attempt against him by an activist named Ryan English. English was arrested at the Capitol with materials for a Molotov cocktail, though the hosts mock the effectiveness of using vodka as an accelerant.

Keywords: [scott bessent](https://search.noagendashow.net/topic/scott-bessent.md), [treasury department](https://search.noagendashow.net/topic/treasury-department.md), [assassination attempt](https://search.noagendashow.net/topic/assassination-attempt.md), ryan english, [molotov cocktail](https://search.noagendashow.net/topic/molotov-cocktail.md)

### Houthi Rebels, Red Sea Shipping Sanctions

- **Episode:** [1886: Cytoshitosis](https://search.noagendashow.net/episode/1886-cytoshitosis.md)
- **Published:** 2026-07-16
- **Time:** 1:12:35–1:14:55
- **Transcript:** https://search.noagendashow.net/episode/1886-cytoshitosis/chapter/houthi-rebels-red-sea-shipping-sanctions.md

The U.S. Treasury Department announced new sanctions against an international network assisting Iran's Islamic Revolutionary Guard Corps. Officials warn that Iran may use Houthi proxies in Yemen to attack commercial shipping in the Red Sea and the Bab al-Mandeb strait, potentially forcing vessels to reroute around South Africa.

Keywords: [houthis](https://search.noagendashow.net/topic/houthis.md), [yemen](https://search.noagendashow.net/topic/yemen.md), [iran](https://search.noagendashow.net/topic/iran.md), [red sea](https://search.noagendashow.net/topic/red-sea.md), [treasury department](https://search.noagendashow.net/topic/treasury-department.md), [sanctions](https://search.noagendashow.net/topic/sanctions.md)

### Treasury Department Vault, President Trump Currency Signature

- **Episode:** [1886: Cytoshitosis](https://search.noagendashow.net/episode/1886-cytoshitosis.md)
- **Published:** 2026-07-16
- **Time:** 1:55:18–1:58:03
- **Transcript:** https://search.noagendashow.net/episode/1886-cytoshitosis/chapter/treasury-department-vault-president-trump-currency-signature.md

Jesse Watters visited the Treasury Department's historic vault, discussing the origin of "greenbacks" under Solomon Chase. Treasurer officials noted that new currency series for the U.S. 250th anniversary will feature President Donald Trump's signature for the first time.

Keywords: [treasury department](https://search.noagendashow.net/topic/treasury-department.md), [jesse watters](https://search.noagendashow.net/topic/jesse-watters.md), greenbacks, [currency](https://search.noagendashow.net/topic/currency.md), [donald trump](https://search.noagendashow.net/topic/donald-trump.md), [fort knox](https://search.noagendashow.net/topic/fort-knox.md)

### Stablecoins, Treasury Auctions and Currency Dominance

- **Episode:** [1882: Buy the Crash](https://search.noagendashow.net/episode/1882-buy-the-crash.md)
- **Published:** 2026-07-02
- **Time:** 1:25:47–1:28:07
- **Transcript:** https://search.noagendashow.net/episode/1882-buy-the-crash/chapter/stablecoins-treasury-auctions-and-currency-dominance.md

The discussion explores the mechanics of stablecoins and their potential benefit to the U.S. Treasury. By requiring stablecoin issuers to purchase Treasury bonds, the technology could expand dollar dominance globally. The hosts discuss the "Clarity Act" currently in Congress, which addresses whether stablecoin issuers should be regulated as banks.

Keywords: [stablecoins](https://search.noagendashow.net/topic/stablecoins.md), [treasury](https://search.noagendashow.net/topic/treasury.md), [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), [clarity act](https://search.noagendashow.net/topic/clarity-act.md), [tether](https://search.noagendashow.net/topic/tether.md), digital tokens

### Treasury Secretary Bessent and Congressional Immunity Grilling

- **Episode:** [1875: Sonic Thump](https://search.noagendashow.net/episode/1875-sonic-thump.md)
- **Published:** 2026-06-07
- **Time:** 1:52:16–1:58:17
- **Transcript:** https://search.noagendashow.net/episode/1875-sonic-thump/chapter/treasury-secretary-bessent-and-congressional-immunity-grilling.md

Treasury Secretary Bessent faced intense questioning in Congress regarding why President Trump and his family appear to have immunity from IRS audits. Bessent's performance was described as nervous and evasive, with critics labeling the current Treasury Department as one of the most corrupt in history. The discussion also touches on the impact of inflation on hourly wages.

Keywords: [treasury secretary](https://search.noagendashow.net/topic/treasury-secretary.md), bessent, [marco rubio](https://search.noagendashow.net/topic/marco-rubio.md), [donald trump](https://search.noagendashow.net/topic/donald-trump.md), [irs](https://search.noagendashow.net/topic/irs.md), [audit](https://search.noagendashow.net/topic/audit.md)

### Scott Bessent, Ron Wyden, and Epstein Financial Records

- **Episode:** [1874: Kennel Index](https://search.noagendashow.net/episode/1874-kennel-index.md)
- **Published:** 2026-06-04
- **Time:** 33:33–38:33
- **Transcript:** https://search.noagendashow.net/episode/1874-kennel-index/chapter/scott-bessent-ron-wyden-and-epstein-financial-records.md

During a Senate hearing, General Scott Bessent clashes with Senator Ron Wyden over the alleged cover-up of Jeffrey Epstein’s financial records. Bessent accuses Wyden’s son of seeking investment from Epstein and holding a large position in Rick’s Cabaret. The hosts critique Bessent's nervous delivery and note a physical resemblance between him and Elizabeth Warren.

Keywords: [scott bessent](https://search.noagendashow.net/topic/scott-bessent.md), [ron wyden](https://search.noagendashow.net/topic/ron-wyden.md), [jeffrey epstein](https://search.noagendashow.net/topic/jeffrey-epstein.md), [treasury department](https://search.noagendashow.net/topic/treasury-department.md), rick's cabaret, [elizabeth warren](https://search.noagendashow.net/topic/elizabeth-warren.md)

### Donald Trump $250 Bill, Seniorage, and Treasury Design

- **Episode:** [1873: Supercycle](https://search.noagendashow.net/episode/1873-supercycle.md)
- **Published:** 2026-05-31
- **Time:** 1:31:30–1:35:05
- **Transcript:** https://search.noagendashow.net/episode/1873-supercycle/chapter/donald-trump-250-bill-seniorage-and-treasury-design.md

Proposed legislation in the House suggests creating a $250 bill featuring Donald Trump's image to commemorate the U.S. semiquincentennial. General Besant discussed the concept of "seniorage," where the Treasury gains an interest-free loan from currency that people keep as collectibles. Current law requires subjects on currency to be deceased, meaning the bill would likely face significant legal and Congressional hurdles.

Keywords: [donald trump](https://search.noagendashow.net/topic/donald-trump.md), 250 dollar bill, seniorage, [calvin coolidge](https://search.noagendashow.net/topic/calvin-coolidge.md), [treasury department](https://search.noagendashow.net/topic/treasury-department.md)

### Scott Besant Screen Test, JD Vance Comparison

- **Episode:** [1872: Lunar Economy](https://search.noagendashow.net/episode/1872-lunar-economy.md)
- **Published:** 2026-05-28
- **Time:** 2:24–4:33
- **Transcript:** https://search.noagendashow.net/episode/1872-lunar-economy/chapter/scott-besant-screen-test-jd-vance-comparison.md

The hosts critique Scott Besant's performance during his televised appearances, comparing his "halting" style unfavorably to JD Vance's more pleasant and likable demeanor. They suggest Besant is failing his "screen test" for the administration's media rotation. Technical network issues briefly interrupt the discussion as they attempt to monitor the live quad-screen feed of various news networks.

Keywords: [scott besant](https://search.noagendashow.net/topic/scott-besant.md), [jd vance](https://search.noagendashow.net/topic/jd-vance.md), [fox news](https://search.noagendashow.net/topic/fox-news.md), [cnn](https://search.noagendashow.net/topic/cnn.md), [treasury secretary](https://search.noagendashow.net/topic/treasury-secretary.md)

### Iran Crypto Sanction Evasion, Bitcoin Insurance, Oil Prices

- **Episode:** [1871: Hatman](https://search.noagendashow.net/episode/1871-hatman.md)
- **Published:** 2026-05-24
- **Time:** 25:50–30:25
- **Transcript:** https://search.noagendashow.net/episode/1871-hatman/chapter/iran-crypto-sanction-evasion-bitcoin-insurance-oil-prices.md

The U.S. Treasury Department reports freezing nearly $500 million in cryptocurrency linked to the Iranian regime to sever military financial lifelines. Iran is allegedly launching a digital insurance platform for cargo ships that accepts Bitcoin to bypass international banking sanctions. Market analysts observe that while regional tensions are flaring, the price of crude oil has fluctuated as the narrative of a potential deal develops.

Keywords: [bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [cryptocurrency](https://search.noagendashow.net/topic/cryptocurrency.md), [u.s. treasury](https://search.noagendashow.net/topic/u-s-treasury.md), [sanctions](https://search.noagendashow.net/topic/sanctions.md), [crude oil](https://search.noagendashow.net/topic/crude-oil.md), [stablecoin](https://search.noagendashow.net/topic/stablecoin.md)

### Scott Bessent, Operation Economic Fury and Iran Sanctions

- **Episode:** [1865: Wide Awakes](https://search.noagendashow.net/episode/1865-wide-awakes.md)
- **Published:** 2026-05-03
- **Time:** 1:00:32–1:05:50
- **Transcript:** https://search.noagendashow.net/episode/1865-wide-awakes/chapter/scott-bessent-operation-economic-fury-and-iran-sanctions.md

Treasury Secretary Scott Bessent detailed "Operation Economic Fury," a maximum pressure campaign designed to collapse the Iranian economy. The strategy involved demonetizing Iranian debt, causing massive inflation and a 70% currency devaluation. Bessent reported that the U.S. has seized nearly half a billion dollars in crypto assets and is targeting "shadow fleet" oil tankers to stop Iran's funding of regional proxies.

Keywords: [scott bessent](https://search.noagendashow.net/topic/scott-bessent.md), [treasury department](https://search.noagendashow.net/topic/treasury-department.md), [iran](https://search.noagendashow.net/topic/iran.md), [opec](https://search.noagendashow.net/topic/opec.md), max pressure

### Iranian Oil Sanctions, China Revenue

- **Episode:** [1863: Nekkidly](https://search.noagendashow.net/episode/1863-nekkidly.md)
- **Published:** 2026-04-26
- **Time:** 1:28:49–1:31:40
- **Transcript:** https://search.noagendashow.net/episode/1863-nekkidly/chapter/iranian-oil-sanctions-china-revenue.md

The Treasury Department recently lifted sanctions on Iranian oil stored on tankers, a move critics say provides Iran with $14 billion in revenue. Officials argue this "jujitsus" the Iranians by allowing the US a better "line of sight" to block accounts when the oil is sold to countries like Japan or Korea. However, oil sold to China is often "recycled" or used directly, making it harder for the US to track or block the funds.

Keywords: [iran](https://search.noagendashow.net/topic/iran.md), [china](https://search.noagendashow.net/topic/china.md), [oil sanctions](https://search.noagendashow.net/topic/oil-sanctions.md), [treasury department](https://search.noagendashow.net/topic/treasury-department.md), [revenue](https://search.noagendashow.net/topic/revenue.md)

### Eric Swalwell Misconduct Allegations and Congressional Hush Money

- **Episode:** [1861: Cone of Uncertainty](https://search.noagendashow.net/episode/1861-cone-of-uncertainty.md)
- **Published:** 2026-04-19
- **Time:** 1:09:22–1:16:10
- **Transcript:** https://search.noagendashow.net/episode/1861-cone-of-uncertainty/chapter/eric-swalwell-misconduct-allegations-and-congressional-hush-money.md

Allegations of sexual misconduct involving Representative Eric Swalwell have surfaced via social media, reportedly supported by "receipts" from a senior congressional chief of staff. The discussion highlights the $17 million in taxpayer-funded hush money payouts used by Congress to settle harassment claims. Representative Nancy Mace has previously introduced legislation to disclose the names of members involved in these settlements.

Keywords: [eric swalwell](https://search.noagendashow.net/topic/eric-swalwell.md), [nancy mace](https://search.noagendashow.net/topic/nancy-mace.md), [congress](https://search.noagendashow.net/topic/congress.md), [hush money](https://search.noagendashow.net/topic/hush-money.md), [treasury department](https://search.noagendashow.net/topic/treasury-department.md)

### Operation Economic Fury and Secondary Sanctions on Iran

- **Episode:** [1860: micro-dosing](https://search.noagendashow.net/episode/1860-micro-dosing.md)
- **Published:** 2026-04-16
- **Time:** 8:42–11:19
- **Transcript:** https://search.noagendashow.net/episode/1860-micro-dosing/chapter/operation-economic-fury-and-secondary-sanctions-on-iran.md

Treasury Secretary Scott Besant announces Operation Economic Fury, a coordinated effort to block payments to the Iranian state and target IRGC accounts. The United States is prepared to apply secondary sanctions against countries and companies that continue to purchase Iranian oil or hold Iranian funds in their banks. This financial strategy is described as the economic equivalent of kinetic military activities.

Keywords: [scott besant](https://search.noagendashow.net/topic/scott-besant.md), [treasury department](https://search.noagendashow.net/topic/treasury-department.md), operation economic fury, [irgc](https://search.noagendashow.net/topic/irgc.md), [secondary sanctions](https://search.noagendashow.net/topic/secondary-sanctions.md)

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