October 3, 2026, x.com/JoeLange
https://tinyurl.com/5ejkm68a
First, Scott Bessent hires Judy Shelton, the ultimate Gold Standard advocate, as a counselor, and now he adds David Zervos. Do you see what’s incoming? The table is being set.
Judy Shelton is fighting for long-term Treasuries backed by gold as a way to anchor the dollar back towards a gold standard, and away from fiat currency.
David Zervos has expertise, and is in lock-step with Bessent in one important area:
“Policy Alignment: Zervos has publicly supported Bessent’s strategy of increasing long-term Treasury debt buybacks, and has consistently advocated for lower interest rates from the Federal Reserve.”
The key to what Bessent is doing is the buyback of long-term Treasury debt. Why move from long-term to short-term debt? The Plan is to transition from a fiat system into an asset-backed system.
Why reduce the long-term debt?
“Reducing long-term debt burden makes any eventual revaluation or backing more feasible — a $40T+ debt load with high long-term yields is a fiscal straitjacket.”
“So the buybacks could be seen as a tactical prerequisite.”
Getting rid of the long-term, fiat commitment makes it easier to revalue the gold, and before replacing the fiat system with long-term, gold backed Treasuries. It’s the bridge to return to a gold standard.
Here’s the other big reason why Bessent and Zervos are replacing long-term debt with short-term debt: the Genius Act is now law.
Why is that important?
The connection between the buybacks and the stablecoin strategy is explicit and deliberate, not coincidental:
- The GENIUS Act (signed July 2025) requires stablecoin issuers to back tokens 1:1 with short-term Treasuries (≤93 days);
- The buybacks shorten the maturity profile of outstanding Treasury debt, shifting it toward exactly the short-end instruments that stablecoin issuers are required to buy;
- Bessent has projected the stablecoin market growing from ~$316B to $4 trillion by 2030, creating a $3 trillion new structural buyer for T-bills;
- The administration is actively considering joint ventures with private companies to promote dollar-backed stablecoins overseas (Bloomberg, September 2026);
- Bessent’s own words: “We are going to keep the US the dominant reserve currency in the world, and we will use stablecoins to do that.”
So yes, the buybacks are table-setting. They’re reshaping the supply side of the Treasury market to match the demand side that the Genius Act is creating. The two are designed to interlock.”
Are you seeing the setup?
Are you catching the signal?
This is the KEY:
“The buybacks shorten the maturity profile of outstanding Treasury debt, shifting it toward exactly the short-end instruments that stablecoin issuers are required to buy.”
By moving the debt structure into short-term treasuries, Bessent is helping to move the entire financial system onto the stablecoin rail system, which will make the transition smoother and faster. The Genius Act requires a one-for-one issuance between a stablecoin and a dollar, backed by a short-term Treasury.
Stablecoins are going to create massive demand for short-term Treasuries. This is the short-term Plan. The transition.
But what happens if the gold gets revalued?
If the backing asset were to change — from Treasuries to a basket of commodities, gold, or some other anchor — then the stablecoin framework would be the perfect delivery mechanism for that transition. The rails, the regulatory architecture, the global distribution network, and the user base would all already be in place. You’d just swap the reserve asset.
The stablecoin infrastructure is asset-agnostic in its design — it doesn’t care what’s in the vault, only that there’s something there. If the U.S. ever decided to revalue gold or anchor to a commodity basket, the Genius Act framework could be the vehicle.
A GOLDEN AGE is coming, and Zervos expects to leave [his Treasury role] in April, 2027.