# Treasury Bills on The No Agenda Show Treasury Bills comes up in 13 chapters across 13 episodes of The No Agenda Show, from April 2008 to August 2026. - **Chapters:** 13 - **Episodes:** 13 - **Discussed:** April 2008 – August 2026 - **Related topics:** [Federal Reserve](https://search.noagendashow.net/topic/federal-reserve.md), [Treasury Department](https://search.noagendashow.net/topic/treasury-department.md), [Bill Clinton](https://search.noagendashow.net/topic/bill-clinton.md), [Interest Rates](https://search.noagendashow.net/topic/interest-rates.md), [Scott Bessent](https://search.noagendashow.net/topic/scott-bessent.md), [Treasury](https://search.noagendashow.net/topic/treasury.md), [$2 Bill](https://search.noagendashow.net/topic/2-bill.md), [Abraham Lincoln](https://search.noagendashow.net/topic/abraham-lincoln.md), [Alexander Hamilton](https://search.noagendashow.net/topic/alexander-hamilton.md), [Andrew Jackson](https://search.noagendashow.net/topic/andrew-jackson.md) ## Chapters 1–13 of 13 ### 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 ### 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) ### Stablecoin Gambit, Eurodollar Market, Scott Bessent Strategy - **Episode:** [1792: Meloni in the Middle](https://search.noagendashow.net/episode/1792-meloni-in-the-middle.md) - **Published:** 2025-08-21 - **Time:** 1:27:36–1:32:19 - **Transcript:** https://search.noagendashow.net/episode/1792-meloni-in-the-middle/chapter/stablecoin-gambit-eurodollar-market-scott-bessent-strategy.md Scott Bessent is theorized to be planning a "stablecoin gambit" to gain control over the $13 trillion Eurodollar market. By backing stablecoins with short-term U.S. Treasury bills and offering government guarantees, the Treasury could bypass the Federal Reserve's control over interest rates. This move would force offshore dollar holders into a regulated U.S. system, providing a massive new funding source for the government. Keywords: [stablecoins](https://search.noagendashow.net/topic/stablecoins.md), [eurodollar](https://search.noagendashow.net/topic/eurodollar.md), [scott bessent](https://search.noagendashow.net/topic/scott-bessent.md), [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), [treasury bills](https://search.noagendashow.net/topic/treasury-bills.md) ### Global Stablecoin Adoption, U.S. Dollar Reserve Strategy - **Episode:** [1770: Control Grid](https://search.noagendashow.net/episode/1770-control-grid.md) - **Published:** 2025-06-05 - **Time:** 23:34–28:44 - **Transcript:** https://search.noagendashow.net/episode/1770-control-grid/chapter/global-stablecoin-adoption-u-s-dollar-reserve-strategy.md Financial strategists are promoting stablecoins collateralized by U.S. Treasury bills to encourage global populations in countries like Bolivia and South Korea to adopt the dollar. By distributing private credit through digital wallets like Google and Apple Pay, the U.S. aims to maintain its reserve currency status without traditional banking infrastructure. Approximately 400 million people worldwide already utilize stablecoins, though domestic adoption in the United States remains low due to the prevalence of services like Venmo. Keywords: [stablecoin](https://search.noagendashow.net/topic/stablecoin.md), [treasury bills](https://search.noagendashow.net/topic/treasury-bills.md), [global population](https://search.noagendashow.net/topic/global-population.md), [reserve currency](https://search.noagendashow.net/topic/reserve-currency.md), [bolivia](https://search.noagendashow.net/topic/bolivia.md), [south korea](https://search.noagendashow.net/topic/south-korea.md) ### US Treasury Market Liquidity and Reverse Repo Concerns - **Episode:** [1486: Truth Decay](https://search.noagendashow.net/episode/1486-truth-decay.md) - **Published:** 2022-09-15 - **Time:** 1:02:05–1:03:27 - **Transcript:** https://search.noagendashow.net/episode/1486-truth-decay/chapter/us-treasury-market-liquidity-and-reverse-repo-concerns.md Financial analysts are expressing concern over the lack of buyers for U.S. Treasury bills, leading to liquidity issues in the debt market. The discussion touches on how the Fed and primary dealers are managing the financing of the national system as interest rates rise. Keywords: [treasury bills](https://search.noagendashow.net/topic/treasury-bills.md), [liquidity](https://search.noagendashow.net/topic/liquidity.md), [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), [reverse repo](https://search.noagendashow.net/topic/reverse-repo.md), [national debt](https://search.noagendashow.net/topic/national-debt.md) ### Senate Bill 2040, Saudi Treasury Threat - **Episode:** [818: Document 17](https://search.noagendashow.net/episode/818-document-17.md) - **Published:** 2016-04-21 - **Time:** 1:13:28–1:18:50 - **Transcript:** https://search.noagendashow.net/episode/818-document-17/chapter/senate-bill-2040-saudi-treasury-threat.md A detailed reading of Senate Bill 2040 reveals the legal framework for holding foreign nations accountable for terrorist acts. Saudi Arabia has reportedly threatened to sell $750 billion in U.S. Treasury bonds if the bill is enacted, a move that could disrupt global financial markets. Keywords: senate bill 2040, [saudi arabia](https://search.noagendashow.net/topic/saudi-arabia.md), [treasury bonds](https://search.noagendashow.net/topic/treasury-bonds.md), [sovereign debt](https://search.noagendashow.net/topic/sovereign-debt.md), [congress](https://search.noagendashow.net/topic/congress.md) ### Redesigning the $10 Bill and Alexander Hamilton Debate - **Episode:** [765: Smart Power](https://search.noagendashow.net/episode/765-smart-power.md) - **Published:** 2015-10-15 - **Time:** 1:39:19–1:43:33 - **Transcript:** https://search.noagendashow.net/episode/765-smart-power/chapter/redesigning-the-10-bill-and-alexander-hamilton-debate.md The US Treasury Department released a video featuring Deputy Secretary Sarah Bloom Raskin discussing the inclusion of a woman on the redesigned $10 note by 2020. The hosts debate whether Alexander Hamilton (a proponent of big central government) or Andrew Jackson (on the $20) should be removed. They speculate that Harriet Tubman is the likely candidate for the new currency. Keywords: $10 bill, [alexander hamilton](https://search.noagendashow.net/topic/alexander-hamilton.md), [treasury department](https://search.noagendashow.net/topic/treasury-department.md), [sarah bloom raskin](https://search.noagendashow.net/topic/sarah-bloom-raskin.md), [andrew jackson](https://search.noagendashow.net/topic/andrew-jackson.md), [harriet tubman](https://search.noagendashow.net/topic/harriet-tubman.md) ### Clinton Foundation IRS Complaints and Privacy Laws - **Episode:** [359: First Buddy](https://search.noagendashow.net/episode/359-first-buddy.md) - **Published:** 2011-11-24 - **Time:** 2:24:27–2:26:08 - **Transcript:** https://search.noagendashow.net/episode/359-first-buddy/chapter/clinton-foundation-irs-complaints-and-privacy-laws.md The hosts discuss responses from the IRS regarding listener complaints about the William J. Clinton Foundation's tax filings. The IRS letters state that they cannot disclose the status of investigations due to privacy laws, which the hosts interpret as a "shut up slave" response. Keywords: [bill clinton](https://search.noagendashow.net/topic/bill-clinton.md), [clinton foundation](https://search.noagendashow.net/topic/clinton-foundation.md), [irs](https://search.noagendashow.net/topic/irs.md), [form 990](https://search.noagendashow.net/topic/form-990.md), department of treasury ### Debt Ceiling Negotiations and Political Theater - **Episode:** [318: Reckless & Provocative](https://search.noagendashow.net/episode/318-reckless-provocative.md) - **Published:** 2011-07-03 - **Time:** 19:00–24:05 - **Transcript:** https://search.noagendashow.net/episode/318-reckless-provocative/chapter/debt-ceiling-negotiations-and-political-theater.md The ongoing debate over the United States debt ceiling is characterized as political theater, with August 2, 2011, cited as the "drop dead" date by the Treasury Department. Historical records indicate that then-Senator Barack Obama previously voted against raising the debt ceiling during the Bush administration, a move he now calls a mistake. Jay Carney and other officials are accused of using the threat of unpaid Social Security checks and veteran benefits to pressure lawmakers. Keywords: [barack obama](https://search.noagendashow.net/topic/barack-obama.md), [bill clinton](https://search.noagendashow.net/topic/bill-clinton.md), [jay carney](https://search.noagendashow.net/topic/jay-carney.md), [debt ceiling](https://search.noagendashow.net/topic/debt-ceiling.md), [treasury department](https://search.noagendashow.net/topic/treasury-department.md), [social security](https://search.noagendashow.net/topic/social-security.md), august 2 ### NASA Report Clears Toyota of Electronic Throttle Malfunctions - **Episode:** [277: Gingerbread Nation](https://search.noagendashow.net/episode/277-gingerbread-nation.md) - **Published:** 2011-02-10 - **Time:** 1:42:32–1:46:46 - **Transcript:** https://search.noagendashow.net/episode/277-gingerbread-nation/chapter/nasa-report-clears-toyota-of-electronic-throttle-malfunctions.md NASA engineers released a report concluding that electronic throttle control systems were not responsible for unintended acceleration in Toyota vehicles. The hosts suggest the previous media firestorm against Toyota was a political maneuver used when Japan threatened to stop buying U.S. Treasury bills. They note that reports of "runaway" cars stopped abruptly once the political dispute was resolved. Keywords: [toyota](https://search.noagendashow.net/topic/toyota.md), [nasa](https://search.noagendashow.net/topic/nasa.md), [ray lahood](https://search.noagendashow.net/topic/ray-lahood.md), [unintended acceleration](https://search.noagendashow.net/topic/unintended-acceleration.md), [treasury bills](https://search.noagendashow.net/topic/treasury-bills.md), [japan](https://search.noagendashow.net/topic/japan.md) ### $2 Bill "Privately Enhanced" Scam, No Agenda Mint Idea - **Episode:** [249: Multidimensional Poverty Index](https://search.noagendashow.net/episode/249-multidimensional-poverty-index.md) - **Published:** 2010-11-04 - **Time:** 1:50:08–1:57:41 - **Transcript:** https://search.noagendashow.net/episode/249-multidimensional-poverty-index/chapter/2-bill-privately-enhanced-scam-no-agenda-mint-idea.md An advertisement for "privately enhanced" $2 bills featuring national parks is identified as a potential scam targeting viewers of the O'Reilly Factor. The bills are sold for $10 plus handling despite being worth only $2. The hosts debate the legality of defacing U.S. currency and jokingly propose creating a "No Agenda Mint" that would sell "enhanced" dollar bills featuring host images. Keywords: [$2 bill](https://search.noagendashow.net/topic/2-bill.md), new england mint, [legal tender](https://search.noagendashow.net/topic/legal-tender.md), defacing money, [treasury](https://search.noagendashow.net/topic/treasury.md) ### Federal Reserve Debt Monetization and Economic Stability - **Episode:** [133: The Algae Car Saves Ohio](https://search.noagendashow.net/episode/133-the-algae-car-saves-ohio.md) - **Published:** 2009-09-23 - **Time:** 41:16–42:57 - **Transcript:** https://search.noagendashow.net/episode/133-the-algae-car-saves-ohio/chapter/federal-reserve-debt-monetization-and-economic-stability.md The Federal Reserve announced it would maintain current interest rates, claiming the economy has stabilized. However, the Fed is now purchasing more than half of all U.S. Treasury bills, a practice known as monetizing the debt, which Chairman Ben Bernanke previously suggested would be avoided. Keywords: [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), [ben bernanke](https://search.noagendashow.net/topic/ben-bernanke.md), [treasury bills](https://search.noagendashow.net/topic/treasury-bills.md), [debt monetization](https://search.noagendashow.net/topic/debt-monetization.md), [interest rates](https://search.noagendashow.net/topic/interest-rates.md) ### U.S. Currency Redesign, Five Dollar Bill, Lavender Ink - **Episode:** [27: China Syndrome](https://search.noagendashow.net/episode/27-china-syndrome.md) - **Published:** 2008-04-19 - **Time:** 19:12–21:04 - **Transcript:** https://search.noagendashow.net/episode/27-china-syndrome/chapter/u-s-currency-redesign-five-dollar-bill-lavender-ink.md Dvorak critiques the aesthetic of the new U.S. five-dollar bill, specifically noting the large lavender-colored number five on the reverse side. The discussion explains the process of currency circulation and how the Treasury Department replaces worn bills with new designs. Keywords: five dollar bill, [abraham lincoln](https://search.noagendashow.net/topic/abraham-lincoln.md), lavender ink, [treasury](https://search.noagendashow.net/topic/treasury.md), currency circulation --- This is the markdown version of a page on The No Agenda Show for AI agents. Every public page on this site has one: add `.md` to its URL, or request it with `Accept: text/markdown`. - [Site index for agents (llms.txt)](https://search.noagendashow.net/llms.txt) - [Home](https://search.noagendashow.net/index.md) - [Search transcripts](https://search.noagendashow.net/search.md) - [All episodes](https://search.noagendashow.net/episodes.md) - [Topics](https://search.noagendashow.net/topics.md) - [People](https://search.noagendashow.net/people.md)