Scott Bessent Said that
Other Currencies will be Stronger
The media didn’t cover it, so I feel it is my honor to share with you what the Treasury Secretary said last week at the Institute of International Finance, addressing the world’s top bankers.
The framework he laid out is similar to the one we heard from JD Vance in Europe, where the media portrayed it as bashing the European Union, but it is not that at all… it is TOUGH LOVE in the era of America First.
Within America’s right wing, there are what we call the isolationists, like Tucker Carlson or Joe Rogan, whose knee-jerk reaction is that the United States shouldn’t in anyone’s affairs, but it’s silly and childish.
What Washington really should be doing is staying out of wars with no end.
The new era of warfare in the Trump presidency is based on lethality and achieving maximum results with minimal casualties and NO boots on the ground in foreign countries.
The United States isn’t taking a step back at all. It is taking a step forward and wants to pursue REALISTIC GOALS, instead of ideological ones.
It doesn’t want to drag cultures and countries to an imaginary finish line, where they accept Western values.
It wants each to do his job and play his role. Scott Bessent told the audience, comprised of bankers from the World Bank and the IMF that they should stick with their mandate, given to them by the Bretton Woods accords and stay clear of climate and other crap they know nothing about.
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But, more than that, he told them that he and the Treasury Department will make sure they stay on course or they’ll be booted out and replaced.
We have ONE SHOT, in the eyes of this administration and I fully agree with them, to bring the decadent generation of Americans that Obama and Biden indoctrinated into servitude and progressive death cult, back to reality.
What the Trump administration is after could be summed up in a word: SUSTAINABILITY.
They came in to do what everybody else should have done before, but they didn’t have the balls and the guts, nor the skill, to actually undertake.
When they’re finished, the aim is for the United States to be on a very sustainable path, but also for other countries to enjoy the same benefits, on their own terms.
To Bessent, in order to move to this sustainable path, the United States’ economy must transition away from the consumer-dominant model to a productive one, where industries and high-paying jobs come back.
To China, he envisions more domestic consumption and less reliance on exports.
This automatically makes the dollar less important for global trade.
Then, he made the MOST IMPORTANT statement about the dollar: He expects it to remain the reserve currency because no other country wants that task!
If the rest of the world is buying fewer dollars, but has no other alternative, it will go to gold!
It’s just a breather, before we go to $4,000/ounce.
Best Regards,
FutureMoneyTrends.com
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