Use of the Federal Reserve’s reverse repo facility has spiked in recent days, driven by declining reserve balances, heightened demand for Treasury collateral due to net issuance, and quarter-end liquidity pressures. Musk vs. Trump: The Debt Fight EscalatesElon Musk has reignited his criticism of Trump’s so-called “Big Beautiful Bill,” a nearly 1,000-page spending package. Musk called it “insane” and “destructive,” warning it will add trillions in debt and kill future-facing industries.A Broader Backdrop of RiskThe fiscal drama and liquidity stress arrive just as several key macro events loom: the passage of the debt bill, the upcoming BRICS Summit, the planned Basel III implementation, and the expiration of a key tariff ceasefire. Together, they form a potent mix of monetary, trade, and policy uncertainty.While geopolitical tensions may have cooled temporarily, the renewed focus on domestic fiscal imbalances and systemic strain has revived interest in precious metals. This time, silver is riding alongside gold.Financial repression is also coming:
china’s in charge & turning the screw
pm shorts got trapped
perhaps silver can break out this holiday shortened week, without funding from gold selling….