The US Treasury has raised its bond buyback cap to $4 billion per operation, citing improved liquidity management — but investors see through it as "QE in disguise," sending 30-year bond yields to a near 20-year high. Meanwhile, the dollar has sold off sharply to a three-month low. Robert Kiyosaki has come out swinging, blasting the move as money-printing that will stoke inflation, and reaffirming that "cash holders are the sacrificial victims of wealth destruction." He urges institutional investors to quickly rotate into Bitcoin and gold as the traditional financial system lies comatose under $40 trillion in debt.
**The US Treasury's Financial Illusion — Treating a Chronic Disease with Paracetamol**
The United States Treasury Department has announced an expansion of its long-term bond buyback ceiling — covering maturities of 10 to 30 years — from $2 billion to at least $4 billion per auction. The measure takes effect from 9 September 2026 onward. Although senior officials have come out to insist in good faith that this is merely a liquidity management technique and is in no way a form of Quantitative Easing (QE), in the eyes of global economic analysts and financial market observers, the move is nothing more than "sweeping the trash under the rug" — a way to prop up a bond market that is grappling with severe liquidity tightness.
The US government's explanation has amounted to little more than soothing rhetoric for a market with no way out. In practice, when the Treasury buys back its own bonds in massive quantities, it is quietly injecting liquidity back into the system — which is no different from implementing QE through the back door.
**Capital Markets Respond with Suspicion: "Dollar Weakens, Bond Yields Surge"**
The reaction from capital markets reflected reality bluntly and without mercy. The yield on the 30-year US Treasury bond shot up to its highest level in nearly 20 years in short order, signaling that investors are demanding a higher risk premium to hold US government debt. At the same time, the US Dollar Index (DXY) plunged to a three-month low, sending a clear signal that global capital is fleeing from the world's reserve currency as it continues to be eroded in value.
This phenomenon reveals a crack in confidence. Even though US authorities argue that only the Federal Reserve (the Fed) can genuinely expand the monetary base, the Treasury's actions are unavoidably producing an effect consistent with diluting the dollar's value in the marketplace.
**Kiyosaki Tears Into the Scheme, Calling It a Ploy to Strip Cash Savers and Bail Out Government Debt**
Robert Kiyosaki, investor and bestselling author of *Rich Dad Poor Dad*, took to the platform X to launch a fierce attack on the Treasury's latest policy, stating that this amounts to "printing money to drug the market." Kiyosaki pointed out that this kind of intervention in the bond market will become a catalyst driving inflation sharply higher in the near future.
Kiyosaki's criticism reflects the view that "those who diligently save in cash will be the ones who lose the most wealth," as the purchasing power of fiat currency is being destroyed by government policy. Saving in cash within the current financial system is therefore no different from holding an asset that is counting down to worthlessness.
**Championing Bitcoin and Gold as Armor in the Age of Fiat Currency Decline**
As the traditional financial system begins to expose its weaknesses, institutional investors and major global capital players have started shifting their investment base into assets with limited supply that cannot be printed at will. Kiyosaki has urged investors to urgently accumulate Bitcoin, gold, silver, and real estate — a group of assets that will benefit fully when the world's major currencies decline in value. The latest capital flow figures in the crypto and gold markets are consistent with the behavior of smart money building its own shield against a new wave of inflation.
Nevertheless, the broader picture that Thai businesses and investors must watch closely is the US national debt, which has surged past $40 trillion and is becoming a massive time bomb for the global financial system. If upcoming US Treasury auctions continue to rely on ever-larger buyback injections, that will be the final warning signal that US liquidity is entering a comatose state — and the flow of capital into Bitcoin and alternative assets will intensify to an overwhelming degree that no one will ever be able to reverse.
