China Trade Truth Bomb Here’s What Scott Bessent Is TRYING To Do

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God bless Scott Besant, Treasury Secretary Scott Besant is doing yeoman’s work and trying to hold down the fort. Again, if you’re not familiar with this guy and his past, people go, you worked for Soros. A lot of people worked for Soros and they were part of that group that.

Yeah, they crack the Bank of England, they crack the pound, that’s for sure back in the day and he understands. He understands what could happen and how things can spiral out of control. He gave a speech on Wednesday talking about the opportunity for a big deal on trade issues between the United States and China. This is something that you’ve been listening to this program for some time.

I’ve been saying again and again and again. Again, the conventional wisdom, the narrative that is pushed by so many out there is that China wants to take over the world. They want to invade here, invade there. It’s nonsense, quite frankly, in my humble opinion. You have guys like Gordon Chan and others going on all of these shows all the time for 20 years now.

talking about China and what they’re going to do. We have ways here in this country of creating bogeymen. 1980s, 1980s, great novel turned it into a really good movie, Rising Sun. And at the time, Japan, value of Tokyo real estate, I think was worth more than the entire globe.

got completely out of control. Remember they bought Rockefeller Center. They were gonna take over the entire planet. Their way of doing things was better until it wasn’t. It wasn’t. We have gone over extensively here on the program. The fundamental problems, structural problems with the way China is doing things. Xi Jinping, not, not Deng Xiaoping, he’s not Hu Jintao.

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Definitely a throwback to some of the Maoist philosophies and many of the things that he has done has really hurt China. Their economy right now is not doing well. I know, I know you get the know a lot of the Chinese bots and propagandists putting stuff on social media and I’m not saying that there’s not some things that they do do well but central planning never works.

communism always fails. Not to say that they’re communist, they’re communist light, if you want to even call it that. They are command and control economy, command and control economies will screw up. We have also become a bit of a command and control economy. New Green Deal, Chips Act, picking and choosing winners in Lua or bailing out, excuse me, bailing out the automakers. I go down a list of things that we have centrally planned here in the United States that quite frankly, no bueno.

No bueno. However, however, do you think, I mean, honestly, want you to take a second. Do you think China wants to really piss off their best customer?

Did you really think that or ruin their best customer? Why would they do that?

Why would we do that? Again, I take you back. I told you about this before. 2008 financial crisis. We’re getting wrecked. one issue, was day after day, another issue was like, again, was like whack-a-mole. Whack-a-mole, one problem pulls up, one hedge fund blows up, another one.

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I remember starting with the two Bear Stern hedge funds that we warned everybody about. Anyway, a litany of things. That time, if you remember, the Olympics were taking place in Beijing. And yeah, yeah, they had a bit of a creepy opening ceremony, if you ask me. But anyway, that’s just me. George W. Bush went to the opening ceremonies there. Hu Jintao basically said, he Russia wanted us to

put some pressure on you guys, add some pressure and start selling off your debt. And we chose not to do so. And they had a conversation where, know, George W. Bush, is my biggest concern every day is terrorism and terrorism, man, what about terrorism, keeping people safe and who Gentiles was, well, listen, I got to every year, I got to constantly, you know, find jobs for millions of people.

It seems to me you can have a meeting of the minds there. And again, I recommend do a little homework, do a little history of our relationship with China, even during the Cold War, going back to Kissinger and Russia and the various different triangulation, if you wanna call it, that was taking place at that point in time. Beset said, if they want to rebalance, let’s do it together.

This is an incredible opportunity. He said, if I think if Bridgewater founder Ray Dalio were to write something, he could call it a beautiful rebalancing. I agree. I agree. There’s a lot of rebalancing that needs to take place. A lot.

And you do this through negotiations. We’ve talked about, actually, tweets a lot about demographic issues. One of the worst demographic problems in the world, China has their own, but so does Japan. Japan’s gonna run out of workers. They can start moving some of their manufacturing here to the United States. China’s obviously going to have its issues. Population is going backwards, it’s not going forwards.

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very different situation than you see in Africa and also India as well. Again, let’s talk about these ultra high tariffs. We’re pulling them back, supposedly, God willing. Again, Besant in his speech, you have to.

You have to because it’s Trump. says President Trump has taken strong action to address these imbalances talking around the globe and the negative impacts they have on Americans. The status quo of large and persistent imbalances is not sustainable. It’s not sustainable for the United States. It’s not sustainable for other economies.

Great. Okay. Let’s work together on this. Let’s work together on this. Let’s make this a situation where everyone can benefit. Not to mention the fact.

This is the way to keep people out of wars, keep countries from killing one another, is to be, you know, have a symbiotic.

relationship where both sides can benefit from doing business. I have to talk about

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and capitalism and my belief system that, you know, to me, Adam Smith capitalism is about two parties doing business with one another and both walking away happy. I mentioned this not long ago, must have done a podcast, again, that one day is running into another with all of these stories in regards to trade tariffs and balances and a myriad of things. The fact that, you know, I don’t mind.

I don’t mind when I go to get my haircut and what does barber charge me? 40 bucks, 40 bucks. I mean, I’m happy with the haircut, whatever it may be, give a tip. I give them money and I’m happy. They’re happy. I walk away, they walk away. Good. The issue when you get into trouble is when you try to get over on other people.

That’s a problem, okay? That to me is not capitalism because in the end, you’re gonna ruin that relationship. And what’s the point behind that? A couple of nickel and dimes at that point in time, quite frankly, it doesn’t make any sense. China needs things from us, we need things from them. Europe needs things from us.

They, we need things, want things from them. You don’t think a deal can be had? Of course it can. Of course it can. I’m just not a big believer in nonsensical tariffs, throwing global markets into disarray, messing around with our reserve currency status.

Throw in the yields on our bonds through the roof when we have to refinance $9 trillion this year. Threats to put millions of people in China out of work. How is that going to benefit us? And I know many people out there say, whoa, they took your jibs. They took your jibs. No.

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No, no, they really didn’t take our jobs. And I’ll talk about manufacturing and trade and how we screwed up royally here. I’ve done it in the past and the idea that all sorts of manufacturing is going to magically come back here to the United States. It’s not. What brings business here to the United States is our stability. Okay. Is the fact that you don’t have the risk level is down.

Why would you mess with that over the course of the month? And I know the White House keeps touting, this one announced an investment and this one announced, yesterday, who was it? That was one of the Swiss pharmaceutical companies. we’re gonna make a major investment in the United States. Right now, the check’s in the mail. That’s what they’re saying.

Checks in the mail. No one’s doing anything yet. No one’s doing a damn thing. And let me be very frank with all of you Maga types out there to think that this is a big, let me tell you what’s really happening behind the scenes. And again, scent is obviously helping out with this. Donald Trump is not a king and this is,

Again, this is something I used this past month, I used, I explained to you this past month and one of the great things about America and our system and the fact that we are a republic. Donald Trump is not a dictator, nor is he a king. He may act like one. He does. He may act like one from time to time. And of course the folks on MSNBC and the left, they’re a dictator.

Hold on, no he’s not. We told you from day one, this executive order, Liberation Day was bullshit.

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Bullshit from the get-go it was an executive order an executive order Congress could get rid of that today tomorrow Next week at any time if you don’t think I don’t know if you you’re watching Okay, I don’t know if you’ve been watching what’s been taking place At town halls

around the country, Republicans, safe districts, even here in Florida, down there in Naples, I mean, people, pissed.

Pissed, you don’t think that these members of Congress are picking up the phone and getting together and saying, Mr. President, you gotta get your mind right, but quick. Or your presidency will be, you’ll be a lame duck in a matter of weeks. Cause they can do it. and if you don’t think the, you want to call it the donor class? You don’t think the.

the Ken Langones of the world. You don’t think these people are basically saying, all right, enough’s enough.

Enough’s enough. We turn on you.

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You’re done. And there’s nothing he could do about it. He’d be done. So again, you know, this is part of the issue with the executive order not since there was no way that these tariffs would have ever gone through Congress in a way, shape, matter or form. And again, this is a credit. It’s a credit to this right here. This thing’s called the United States Constitution. It’s a credit to that.

Don’t want a king, don’t want a dictator. We don’t want a Zizian, we don’t want any of that. Okay, this is the last thing. So again, God bless Scott Bessent and what he’s doing right now. God willing, we continue to have this walk back from the abyss. I’m curious to see how the lying sycophants on Fox and the other networks, how they play CYA mode.

When it comes to this, it’s the greatest thing ever. It’s fantastic. It’s going to be awesome. But they shut up. Who cares about the 401ks? Who cares about the dollar? Who cares about any of stuff? Trump, Trump, Trump. Morons. Hopefully, you know, we’ll see this walk back and we can get back to a point in time where we’re not watching the markets move in the violent nature that we have. Cause that’s quite frankly, that’s not good either. Watchdog on wallstreet.com.