Tag Archives: scott bessent

Fire the Fed, Raise Tariffs, and Hope for the Best

President Donald Trump and Treasury Secretary Scott Bessent want lower interest rates so they can lower the financing costs of America’s massive debt. The net interest on the debt for fiscal year 2025 is on track to hit $1 trillion. Continue reading

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From Strategic Retreat to Full Retreat

Starting another trade war with China without first having an alternative supply chain for REEs was exceptionally rash. Until America revamps its supply chains and begins producing more of these materials at home, China holds the upper hand. Continue reading

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Death of the Penny and What this Means for Gold

The death of the penny – a token – may be a practical matter. Why fabricate something at a loss? But, more so, it is the result of decades of reckless deficit spending in Washington. Continue reading

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Bessent Enters the Meat Grinder

Scott Bessent should have kept his mouth shut. He also should have kept his money in his pocket. The billionaire had a good thing going. He was leading a charmed life managing his hedge fund Key Square Group and preserving historic pink mansions in Charleston with his husband and their kids. But that was before he threw his money and support behind Donald Trump’s election campaign. Continue reading

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