President-elect Donald Trump's pick for Treasury Secretary, a short seller linked to Scott Bessent, has put forward a package which will ensure there will NO prosperity for America, no industrial renaissance and no end to
the looting by the private central banking elite
https://www.zerohedge.com/markets/no-across-board-tariffs-and-weak-dollar-what-trumps-treasury-secretary-really-wants
Instead of arresting Soros and his Wall St looters, Trump hs hired one of them, Scott Bessent, to take over the Treasury.
His Senate Confirmation Hearing shows why the Russians and Chinese must brace for the total collapse of the US, economically, financially and socially and for Trump and his WEF elite trying to implement martial law using a false flag to control furious Americans.
His statements veered between delusional and ignorance as he claimed inflationary policies were not inflatioary
He also "100%" supports raising sanctions on Russian oil producers to get Russia to agree to concessions in the Ukraine, ar fantastical, delusional idea when Russia does not need the G7 or US economy in 2025 and so is not impacted much by sanctions.
That means the USA has zero leverage for a peace deal over Russia
Scott Bessent correctly stated across the board tariffs would be inflationary given the USA s reliance on imports.
https://www.zerohedge.com/markets/no-across-board-tariffs-and-weak-dollar-what-trumps-treasury-secretary-really-wants
But, it follows for the very same reason that a weak dollar is also inflationary especially USA has to import so much stuff than it exports.
Does Scott Bessent lack logic? Or is he a bluffer, a fraudster trying to string MAGA supporters along that there is a real plan to make Amrica prosperous again.
Its trade deficit is a staggering 773 billion dollars in 2023, down from nearly a trllion in 2022.
https://www.statista.com/statistics/220041/total-value-of-us-trade-balance-since-2000/
If the dollar weakens by a, let s say, 20% vis a vis other key currencies of importer countries, the trade deficit will soar to a trillion and imports will cost 20% more for US businesses and consumers, which will fuel inflation....
https://www.statista.com/statistics/220041/total-value-of-us-trade-balance-since-2000/
In fact, China could significantly damage if not destroy the US economy by imposing sanctions on it.
China has achieved this extraordinary success along with Russia because their governments issue sound money bypassing the private banks to fund investments in new manufacturing in a depressed economy.
Scott Bessent and Trump s Wall St buddies have no plan for ending their looting spree. That is the one take away we can take away from the testimony of his pick for the Treasury.
Trump and the WEF elite seem to have another fantastical, unreal plan to create a cyrpto currency to insulate the WEF elite from an inevitable dollar collapse.
China and Russia will buy up everything even faster when they are holed up in their villas starving and in rags because low and behold, the electricity is down after an EMP attack and the cannot access their crypto funny money let lone buy anything with it.
Moreovr, Russia need not care about US oil sanctions.
It has its oil trading partners in China and Iran, now forming a new economic super bloc which has already eclipsed the G7.
Moreover, the alliance with Iran and China is worth far more to Russia than anything the collapsing US can offer. So any plan to split Russia from Iran or China is bound to fail.
The Russians, Chinese and Iranians know everything about the weakness of the US, the way the military has been injected with covid jabs, how Trump really only one option left and that is martial law to escape prison himself for his role in the covid jab crimes.
But the US military will be breaking the law if they obey and ordinary sense criminal who does not enjoy immunity for private and unoffficial acts in office and who is caught plotting covid in Greek prosecutor probes.
Trump has just been switched out by the WEF elite to carry out the same policies with a fresh face. They know the American public and military will not be fooled and may seek to implement martial law on day one.
The US military should prepare arrest Trump, Hegseth and his enablers and put them on trial as police and prosecutors are preparing to put WEF elite Yoon , his Defence Minister and top police on trial for his role in a fake emergency martial law declaration.
They can lawlfully arrest Trump using the criminal code of civilians and the Greek prosecutor probes or the martial law provisions for treason for his role in the mass poisoning of the US army public with covid jabs.
In 2025, the rank and file soldiers and public will support the military against Trump.
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