Stupid Is as Stupid Does.
Will the real Scott Bessent please stand up?
Trump’s economic policies overseen by Scott Bessent are torching the U.S. dollar and tanking the economy. In this episode, Max does a deep dive into the decline of the dollar, U.S. fiscal mismanagement, and bizarre monetary policy that has many questioning whether we’re witnessing the decline of U.S. economic hegemony in real time. The episode examines U.S. policy through the actions of Treasury Secretary Scott Bessent whose erratic behavior belies his moderate past.
Show Notes
Clips
Episode Timestamp + Link | Clip Link
- 00:00:43 + 00:31:36 | ABC News: 'It is much more fulsome for the United States': Bessent on framework deal
- 00:02:32 | Bloomberg Television: US Consumer Confidence Falls to Lowest Level Since 2014
- 00:02:46 | Bloomberg Television: Ken Griffin Sees ‘Explicit Warning’ for US in Japan Bond Selloff
- 00:03:27 | Bloomberg Television: Dollar Decline Doesn't Need State Help: 3-Minute MLIV
- 00:04:04 | Fox News: Bessent unpacks his TAKEDOWN of Newsom in Davos
- 00:11:07 | ABC News: 'It is much more fulsome for the United States': Bessent on framework deal
- 00:17:19 | Reuters: Trump says dollar's value is 'great', sparking market skid
Resources
- Conference Board: US Consumer Confidence Fell Sharply in January
- Money Maze Podcast: Who is Scott Bessent? Meet Trump's New US Treasury Secretary
- Census Bureau: Monthly Construction Spending
- MacroMicro: U.S. Dollar Index
- MacroMicro: Japan - US/Japan 10Y Bond Yield Spread vs. USD/JPY
- MacroMicro: Gold / US Dollar / 10Y Yield
UNFTR Resources
Image Source
- The White House, Public domain, via Wikimedia Commons. Changes were made.
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