So let me get this straight: Senator Elizabeth Warren wants to put limits on a century old financial process that, if limited will diminish the ability of her government to borrow the money that she would want borrowed for her favored domestic programs. Got it.
Leave it to Van Hollen and Warren to whine about a financial process set in place decades ago and used previously, but under Trump they want to restrict or diminish it. These two idiots need to shut up and sit down when they know nothing about a winning strategy. Bessett is the brightest, smartest, and best Secretary of Treasury we’ve ever had. This man has the highest respect and the most integrity when it comes to financial markets. He has a proven track record and has given up much to fill this position in order to help this administration and our country.
Exactly! Let’s listen to the gangbang lover, and USAID FRAUD QUEEN. Between the Logan Act, and RICO/ Fraud, the only finances these two turds should be handling is a prisons commissary!!!!
The US dollar has been the currency of international commerce and finance since the UK imposed exchange controls after the Great War to defend the absurdly high valuation of sterling ($5). This closed London as the capital of international finance and moved it decisively to New York, which has been the capital of finance for 100 years. The US has never imposed exchange controls.
And let’s be clear, the swap lines you mention that represent ‘statecraft’ are needed because of the clusterfuck that this administration caused in the Strait of Hormuz. Do I have that right ?
No, I do have it right. Before February 28th, 2026, the Strait of Hormuz was open. Oil passing through settled in US Dollars and the US was the world’s leading military super power. Less than two months later under Trump’s leadership, the Strait is closed, oil moving through settles in RMB and now there are questions about US military might.
Now justifications begin to come out that continue to exhibit creativity around the 5 dimensional chess that Trump is playing here. Pro tip, Trump got taken in by Netanyahu and a hawkish Project 25 lurking behind the scenes. The US and Israel next underestimated Iran and now are left with a ground war as their only option other than experience a complete power shift in the Mid East that includes an existential crisis for Israel.
I’m in favor of Bessent’s plan, but I’m not sure it’s risk-free. Example: we have a swap agreement with Argentina, which has drawn, say, $30 billion. The Peronistas then return to power and screw up their economy for the umpteenth time. Our collateral is pesos, which then devalue dramatically. What happens next?
So let me get this straight: Senator Elizabeth Warren wants to put limits on a century old financial process that, if limited will diminish the ability of her government to borrow the money that she would want borrowed for her favored domestic programs. Got it.
Leave it to Van Hollen and Warren to whine about a financial process set in place decades ago and used previously, but under Trump they want to restrict or diminish it. These two idiots need to shut up and sit down when they know nothing about a winning strategy. Bessett is the brightest, smartest, and best Secretary of Treasury we’ve ever had. This man has the highest respect and the most integrity when it comes to financial markets. He has a proven track record and has given up much to fill this position in order to help this administration and our country.
Agree, Ruth. Bessent is an absolute home run.
Exactly! Let’s listen to the gangbang lover, and USAID FRAUD QUEEN. Between the Logan Act, and RICO/ Fraud, the only finances these two turds should be handling is a prisons commissary!!!!
Well, what’s been said about fixing stupid?
Ignorance can be cured, stupid is forever.
Bessent is doing an incredible job. Trump has some incredible people on his Cabinet and is slowly getting rid of the driftwood.
♟️ CHECKMATE♟️
~ President DJT
The US dollar has been the currency of international commerce and finance since the UK imposed exchange controls after the Great War to defend the absurdly high valuation of sterling ($5). This closed London as the capital of international finance and moved it decisively to New York, which has been the capital of finance for 100 years. The US has never imposed exchange controls.
Smart essay. Thanks.
Is Secretary Scott Bessent a national treasure in the 47 administration for the actual betterment of the USA or what?
"Congressional research documents"
Now, more fundamental question: given the lies we've seen from Congress, why would we trust their research?
Bottom line is that the CCP engages in funny accounting. Bessent is protecting the dollar with his doctrine.
Secretary Bessent is brilliant. Where are we on including India, the most populous country on the planet?
Petro is going to be stronger than ever.
And let’s be clear, the swap lines you mention that represent ‘statecraft’ are needed because of the clusterfuck that this administration caused in the Strait of Hormuz. Do I have that right ?
No, you don't have that right.
No, I do have it right. Before February 28th, 2026, the Strait of Hormuz was open. Oil passing through settled in US Dollars and the US was the world’s leading military super power. Less than two months later under Trump’s leadership, the Strait is closed, oil moving through settles in RMB and now there are questions about US military might.
Now justifications begin to come out that continue to exhibit creativity around the 5 dimensional chess that Trump is playing here. Pro tip, Trump got taken in by Netanyahu and a hawkish Project 25 lurking behind the scenes. The US and Israel next underestimated Iran and now are left with a ground war as their only option other than experience a complete power shift in the Mid East that includes an existential crisis for Israel.
I’m in favor of Bessent’s plan, but I’m not sure it’s risk-free. Example: we have a swap agreement with Argentina, which has drawn, say, $30 billion. The Peronistas then return to power and screw up their economy for the umpteenth time. Our collateral is pesos, which then devalue dramatically. What happens next?
Nothing is risk free.
Didn’t the US treasury already cash out?
Yes. I’m talking about a hypothetical future example of what could go wrong.
It looks like it will tighten sanctions on Iran and Russian sales and help enforce the blockade.
Yes, I believe so. I think the US made money.
The CIA makes sure they don’t?