Showing posts with label Scott Bessent. Show all posts
Showing posts with label Scott Bessent. Show all posts

Saturday, June 7, 2025

Well, Evidently It Is Not A Circus...

 ... anymore. It is something else altogether. Ah, nah, still circus:

Not long after, Musk’s tension with Trump’s trade team devolved into blows, in an altercation with Treasury Secretary Scott Bessent, said Stephen K. Bannon, the influential right-wing podcaster and longtime political adviser to Donald Trump. In mid-April, Musk and Bessent had gone into the Oval Office to make their respective cases about their preferences for acting IRS commissioner. Trump decided to support Bessent’s choice. That disagreement was first reported by the New York Times. After Bessent and Musk exited the Oval Office and began walking down the hallway, the two men started to exchange insults, Bannon said he was told, adding that Bessent brought up Musk’s claims that he would uncover more than $1 trillion in wasteful and fraudulent government spending, which Musk had not succeeded at doing. “Scott said, ‘You’re a fraud. You’re a total fraud,’” Bannon said in an interview. Musk then rammed his shoulder into Bessent’s rib cage “like a rugby player,” Bannon said, and Bessent hit him back. Multiple people stepped in to break up the scrum as the two men reached the national security adviser’s office, and Musk was shuffled out of the West Wing.

As stupid as Bessent is, he is not entirely incorrect in his description of Musk. He should have asked me (c) quoting Uncle Rico from Napoleon Dynamite. Meanwhile, our editorial staff obtained documentary of the scuffle. Don't be confused by marmots using Russian profanity. We are as confused as you are, wink, wink. 


Friday, March 7, 2025

Hedge Fund Managers Do Not ...

 ... geopolitical level thinkers make. They just don't.  

Washington is prepared to tighten the “egregiously weak” sanctions imposed on Russia by the administration of former US President Joe Biden if it helps accelerate a peace agreement in the Ukraine conflict, the US Treasury Department has said. The US sanctions on Russia, which were first imposed in 2014 after Crimea’s reunification with Moscow, have since been expanded through executive orders and were extended last week through March 2026. Russia considers them illegal and has repeatedly demanded their removal. Treasury Secretary Scott Bessent told the Economic Club of New York on Thursday that the US would no longer apply “lackadaisical” restrictions that allow circumvention. Bessent criticized the Biden administration for holding back on tougher energy sanctions over concerns about rising gas prices, questioning the rationale behind providing “substantial US military and financial support over the past three years” without enforcing matching restrictions.

Bessent, being gay (here is a hint for his attitudes towards Russia) and having worked in Soros Fund and being a product of degree mill from Yale, has a very faint idea about real world and especially Russia. It is the case with most US secretaries of treasury who preside over the finances of a bankrupt country, the US that is. But sure, let him try.