New financial numbers expose real  cost of Trump DOJ’s 'slush fund'

Sen. Ruben Gallego (D-Az.) noticed new economic data that shows a newly-created fund by the Department if Justice will likely cost Americans even more money than initially thought.

CNN reported Tuesday that for the first time since the 2007 economic collapse, the 30-year US Treasury hit 5.2 percent. That is "its highest level" since that crash, prompting economists to worry about continued price hikes as the Iran war drags on.

"Unsustainable government finances and interest rate hike fears have also sent investors pouring out of Treasury bonds. Yields rise when bond prices fall," said the report. "The war with Iran has ignited a global energy shock, with oil and gas prices at their highest levels in four years while the critical Strait of Hormuz remains effectively closed. That has started to seep out into other parts of the economy, including food prices and airfares."

The Wiseman Alpha, an investor education platform, explained that this happened just six months before the 2007 crash. So the fact that it's happening again is ringing alarm bells for some.

"Same setup we saw in '07, six to nine months before everything cracked. The bond market runs the show now. The Fed just reacts," said Wiseman.

"Early next year is when the blowup events start happening. A fund or a bank explodes. Dollar spikes hard. Everything pulls back. Gold, Bitcoin, silver, all of it. That's your mega entry. Q2 to Q3 2027. A COVID-xtem dlike moment," they predicted.

A beginner trading community, "Top Stock Alerts," wrote on X: "The move in rates comes after a series of reports last week showing inflation was revving back up as the war in Iran lifted oil prices. Higher rates on things like credit cards and mortgages rates could curb consumer spending. Meanwhile, the rate increase could temper long-term economic growth and expose the sky-high valuations seen recently in some chip stocks."

Reid Bennett, national council chair of Multifamily Owner's Blueprint, said that it isn't merely a "bond market" story. "You may want to sit down," he cautioned.

"It’s about what your property is worth, what your refinance looks like, and whether your business plan still works," he wrote on X. "Debt gets more expensive — agency debt, banks, life companies, [commercial mortgage-backed security] … all price off Treasury benchmarks. That means higher coupons, lower proceeds, and a whole lot of owners writing checks at refinance."

Gallego explained that it's one of those things that will cost Americans more money in the end because every dime is borrowed to cover spending. So, the nearly $1.8 billion fund that the DOJ wants to set up for "victims of weaponization" puts a high price on the interest rate for that borrowing.

"We are borrowing money to pay the January 6th slush fund at highest interest rate that this country has seen in quite awhile," said Gallego.

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