John walks through the CBO’s 2026–2036 outlook showing persistent deficits and a rising debt-to-GDP “hockey stick” trajectory The hosts argue the “gradual print + occasional big print” pattern is structurally embedded in fiat incentives and political constraints Supreme Court strikes down key Trump tariffs (reciprocal “Liberation Day” and fentanyl-related duties), framed as a separation-of-powers moment Market reaction appears muted and “wait-and-see,” with uncertainty over how the administration may reassert tariffs via other authorities A Bloomberg/EY-style projection is cited: debt potentially reaching ~$64T by 2036 with interest costs swelling materially Bitcoin ETFs: despite a drawdown from peak cumulative inflows, the broader flow base suggests many holders treat ETF exposure as long-term allocation 13F chatter: a new Hong Kong entity holding substantial IBIT is floated as possible capital-flight behavior, with caution that it could also be speculative positioning Quick hits: a congressman discloses additional Bitcoin purchases; Goldman CEO David Solomon (“DJ D-Sol”) mentions owning a small amount of BTC A Fed voice (Neel Kashkari) dismisses crypto cross-border narratives; hosts rebut that “no country will abandon monetary policy” is exactly why Bitcoin exists Crypto credit stress: BlockFills halting withdrawals is flagged as potential post-drawdown plumbing fallout and a reminder of leverage unwind dynamics ► For high-net-worth individuals and corporations seeking to build generational wealth with Bitcoin, Swan Private is your guide    ✔ https://www.swanbitcoin.com/private?utm_campaign=private&utm_medium=sponsorship&utm_source=podcast&utm_content=swan_signal_live ► Secure your bright orange future with the Swan IRA today! Real Bitcoin, no taxes    ✔ https://www.swanbitcoin.com/ira?utm_campaign=ira&utm_medium=sponsorship&utm_source=podcast&utm_content=swan_signal_live ► Secure your Bitcoin with Swan Vault    ✔ https://www.swanbitcoin.com/vault?utm_campaign=vault&utm_medium=sponsorship&utm_source=podcast&utm_content=swan_signal_live ► Download the all-new Swan Bitcoin App    ✔ https://www.swanbitcoin.com/app?utm_campaign=app&utm_medium=sponsorship&utm_source=podcast&utm_content=swan_signal_live ► Want to learn more about Bitcoin? Check out Welcome To Bitcoin a FREE Introductory course. Learn about Bitcoin in under 1 hour!    ✔ https://www.swanbitcoin.com/welcome?utm_campaign=welcome_to_bitcoin&utm_medium=sponsorship&utm_source=podcast&utm_content=swan_signal_live ► Connect with Swan Bitcoin:    ✔ Twitter: https://twitter.com/Swan    ✔ Instagram: https://instagram.com/SwanBitcoin    ✔ LinkedIn: https://linkedin.com/company/swanbitcoin    ✔ Threads: https://www.threads.com/@swanbitcoin    ✔ Facebook: https://www.facebook.com/SwanBitcoin/    ✔ TikTok: https://www.tiktok.com/@realswanbitcoin