From July 15th, 2025 to May 31st, 2025 The Ministry of Finance planned to buy back $10 billion of treasury bond, but actually bought back $22.87 billion, and purchased cash reserves held through its general account (TGA), mainly from tax revenue, other government revenue (such as tariffs, fines, etc.) and the previous treasury bond issuance revenue. TGA accounts are typically managed by the Federal Reserve, similar to government "bank accounts". To put it simply, the US government used its fiscal revenue to buy 1.8 times more treasury bond than planned. It seems that it is really impossible to collapse. It can only use this way to lower the yield of US debt, while watering the market to increase liquidity. M2 has increased, and Bitcoin can only continue to rise. Of course, in the short term, Gouzhuang still needs to hunt down dog gamblers like James, so don't follow him to his funeral.