Billionaire investor Chamath Palihapitiya is sounding the alarm over a new piece of legislation that he believes could accelerate America's financial decline.
On a recent episode of the All-In Podcast, Palihapitiya criticized the passage of The One, Big, Beautiful Bill—a sweeping package that extends the Trump-era tax cuts and adds pro-growth policies. Passed by the House on May 22, the bill was framed as a catalyst for economic expansion, but Palihapitiya sees it differently.
“This is a shift away from fiscal discipline,” he said, describing it as a rush job that leans into “debt-financed industrial policy” rather than structural reform. He warned that rising interest rates could further expose the nation’s vulnerabilities, projecting 10-year Treasury yields to rise above 5% and 30-year yields potentially hitting 6.5% by year’s end.
Such an outcome, he argues, would push investors away from U.S. debt toward alternatives like Bitcoin and gold, while credit rating agencies could respond by downgrading U.S. sovereign debt.
Palihapitiya also interpreted recent comments by Elon Musk as a similar warning. Musk has emphasized that only rapid economic expansion can offset the government’s reckless spending.
“Radical productivity gains are now essential,” Musk wrote, stressing that without exponential GDP growth, the U.S. risks spiraling into financial crisis.
Robert Kiyosaki, author of Rich Dad Poor Dad, has issued a bold prediction on silver, calling it the “best asymmetric buy” currently available.
Fresh data on Personal Consumption Expenditures (PCE) — the Federal Reserve’s preferred inflation gauge — shows inflation ticked higher in May, potentially delaying the long-awaited Fed rate cut into September or later.
Federal Reserve Chair Jerome Powell is once again under fire, this time facing renewed criticism from Donald Trump over the Fed’s decision to hold interest rates steady in June.
Billionaire investor Ray Dalio has sounded the alarm over America’s soaring national debt, warning of a looming economic crisis if no action is taken.