2Bobs—with David C. Baker and Blair Enns
Sep 9, 2026 · 21 min · 8 segments
Categorizing AI-generated copy as "human vs AI" is not as binary as with AI-generated images or video. So Blair has developed an AI Contribution Scale to help us all be more…
Blair EnnsHostDavid C. BakerHost
So Stanley Druckenmiller, if you're not a finance or an investment geek, is probably one of the world's foremost macro investors.
I think his first big trade in the 80s was being long on the Deutschmark at the time of German reunification when everybody else was short.
He made a few billion, and then he shorted the British pound a couple years later, made a few billion more, and he just kept going after opportunities.
Scott Besant, who is the Treasury Secretary, is that right? I think he's the Treasury Secretary.
So U.S. government is printing a whole bunch of debt, as it does, along with every other government in the Western world.
And then Besson is buying it to keep the interest rates low because they've got to refinance 10 trillion in debt in the next 12 months or so.
And then Druckenmiller, his former mentor, wrote this op-ed, again, I think it was in the Wall Street Journal, saying this is a bad move.
He was essentially criticizing, and this is somebody else's take on it that I just heard last week, and it makes sense.
He was essentially criticizing the U.S. Congress for putting Besant in this position where he had to do this.
So he publishes this substantive piece that says, hey, listen, we're headed towards a cliff here.
So Stanley Druckenmiller, if you're not a finance or an investment geek, is probably one of the world's foremost macro investors.
I think his first big trade in the 80s was being long on the Deutschmark at the time of German reunification when everybody else was short.
He made a few billion, and then he shorted the British pound a couple years later, made a few billion more, and he just kept going after opportunities.
Scott Besant, who is the Treasury Secretary, is that right? I think he's the Treasury Secretary.
So U.S. government is printing a whole bunch of debt, as it does, along with every other government in the Western world.
And then Besson is buying it to keep the interest rates low because they've got to refinance 10 trillion in debt in the next 12 months or so.
And then Druckenmiller, his former mentor, wrote this op-ed, again, I think it was in the Wall Street Journal, saying this is a bad move.
He was essentially criticizing, and this is somebody else's take on it that I just heard last week, and it makes sense.
He was essentially criticizing the U.S. Congress for putting Besant in this position where he had to do this.
So he publishes this substantive piece that says, hey, listen, we're headed towards a cliff here.
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