Saturday Rant…Bessent’s Arrogance/Hubris

Just when you think you’ve seen arrogance beyond measure Scotty Bessent beams it up to a new level.

Cue up: Treasury Secretary Bessent thinks, for trade purposes, that he can talk the dollar down…against the Japanese Yen.

But maybe he hasn’t noticed how the dollar has risen against the yen for 15 years.

Instead, he now has claimed: “I am the house” in a fit of rage/arrogance that only a George Soros puppet could muster.

And today we have Scoob Martin weighing in with his $0.50 worth (adjusted for war time inflation) on how Bessent’s plan HAS NOT WORKED in the past…but his arrogance won’t permit him to see it.

So, take it away Scoob.

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Hi James.  And before I rant about our George Soros puppet’s arrogance, I want to mention something regarding your post on Trump offering up $5,000 to every adult in America IF the GOP holds Congress in the Mid-terms.

First, I’m now convinced that Trump is a clown, but if you vote his way, he’ll pay you $5,000. Wink, wink…

Second, from the 18 U.S. Code § 597 (Expenditures to Influence Voting):

This law makes it illegal to make or offer an expenditure to any person to vote, withhold their vote, or vote for or against a specific candidate. It also penalizes anyone who solicits or accepts these payments.

Why hasn’t any lawmaker pointed this out?

 

 

Let’s move on…

The first-time politicians tried to control/manipulate the dollar against Japan was in 1985.

And in the process, blew up the world when the G7 stood up and claimed that the dollar had fallen far enough.

But when the dollar continued to fall lower the world saw that the G7 could NOT dictate to the world what value a currency should be.

This was a predecessor to the crash in 1987.

And like you have pointed out in previous articles, the 1987 crash was NOT due to computer failures.

Instead, it was the fact that after Japan lost over 40% of it’s currency value from the 1985 manipulation, the same fools in 1987 were sounding the alarms about lowering the currency another 40%.

Japan then said “Sayonara, Gaijin *…we’re Outta here.”

(* Gaijin is a Japanese word meaning “Outsider”)

Seeing the writing on the wall, the Japanese sold everything in sight triggering the panic in October 1987 and the rest, as they say, was history.

Not learning from this example, in 1997, Clinton crony Robert Rubin (also Treasury Secretary at the time) attempted to manipulate the currency again.

As a result, the Asian Currency Crisis began, causing another tailspin in the global markets.

Most people forgot about that one.

So, now, here we go again with Scotty Bessent NOT asking the question “Has This Ever Worked Before?”  

Bessent is trying to talk the dollar down against the yen PROVES the underlying trend is in motion… while setting the stage for the next currency crisis.

And when he is proven wrong, the world will lose confidence in his or any government’s ability to manipulate society.

You can take it to the bank that (from the mouth of Scoob) the third time will not be a charm.

Scoob out!

P.S.  I’m buying more gold

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Wow, Scoob!

Thanks for the history lesson that most people never hear about due to political and journalistic corruption.

And as a result, they get clobbered when these events happen only to hear from the Boyz in the Club crying:

“I’m shocked I tell you…Shocked!  Who Could have Foreseen This Happening?”

 

But thanks to your rant…our readers have been warned.

As always, if you – our Dear Readers – have a rant you would like to share then please send it to us.

You never know whose life will be affected by it.

 

And if you want to see some NSFW rants then go (HERE).

Share this with a friend… especially if they can’t see that Scotty Bessent is a time bomb waiting to blow up…like his predecessors.   They’ll thank YOU later.

And tell them:

We’re Not Just About Finance

But we use finance to give you hope.

“And you shall know the truth, and the truth shall make you free.”

~John 8:32~