What he is doing carries an element of risk and some people have and will get hurt.
However, Bessent and the other guy have published a paper on reshaping global trade. The aim is clear. Devalue the dollar and still keep the dollar as reserve currency.
It's a genius move if they pull it off.
The more I think about this, the more I think that this is Bessent's way of covertly signaling to other countries just to appease Trump by making an empty promise which will allow Trump to claim a win.
Why don't you offer to adopt it, and take on all the responsibility for the animal, including all the costs of feeding it, looking after it, and when it savages another person, paying for ALL the damages and costs?
Or maybe he's just trying to hang on for dear life as Trump zigs and zags
"After his reversal on social media, Mr. Trump’s team was put in the unenviable position of trying to spin the media that this was the plan all along, a brilliant strategy straight out of the pages of the president’s best-selling book, “The Art of the Deal.” Mr. Bessent went so far as to deny that the bond market had driven the change.
When Mr. Trump came out to explain his decision on Wednesday, however, he undercut both Mr. Bessent and Karoline Leavitt, the White House press secretary, citing the jittery market and saying he was acting “instinctively, more than anything else.”
https://archive.ph/pUTmz
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