Treasury Chief Scott Bessent told Fox Business News' Larry Kudlow:
(other countries) will invest in companies and industries that we direct them, largely at the President's discretion.....other countries are providing us with a sovereign wealth fund.... these huge surpluses accumulated offshore.. they will be reinvesting back into the U.S. economy and we will be able to direct them as we re-shore these critical industries.
Yes, the public saw how Trump II, the digital Caligula, got a "free" UAE luxury jet and directed it go with him when he leaves office. That's a U.S. military asset Trump is appropriating for his future use as a "citizen".
I've never heard a Treasury Secretary speak so imprecisely. These huge surpluses are what? Trade imbalances, a budgeted amount agreed by another country's equivalent of Congress, crypto funny money accumulated by international criminal organizations?
And how does Trump II get to decide how the money is directed/spent? Congress has the power of the purse, even for new revenue stream items.
Trump will be the head of America's foreign funded sovereign wealth fund, the government equivalent of a private equity underwriter (PEU). He will direct how those hundreds of billions are invested. Does he get equity stakes, deal fees or management fees? How much of that walks out the door when Trump exits office?
