Crooksandliars iconCrooksandliarsAug 29, 2026 ~1 min source read

Is Scott Bessent Trying To Blow Up The Global Financial System?

"Why would I want to blow up the global financial system?" Treasury Secretary Scott Bessent said during a press conference earlier this week, while discussing Iran. In our history, no president or White House would deliberately hurt the global economy, right?

Is Scott Bessent Trying To Blow Up The Global Financial System?

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"Why would I want to blow up the global financial system?" Treasury Secretary Scott Bessent said during a press conference earlier this week, while discussing Iran.

In our history, no president or White House would deliberately hurt the global economy, right?

However, some believe Treasury Secretary Bessent and President Trump have harmed both our economy and the global economy through self-inflicted errors.

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The useful part

"Why would I want to blow up the global financial system?" Treasury Secretary Scott Bessent said during a press conference earlier this week, while discussing Iran. In our history, no president or White House would deliberately hurt the global economy, right? However, some believe Treasury Secretary Bessent and President Trump have harmed both our economy and the global economy through self-inflicted errors.

How it works

  • Billionaire investor Stanley Druckenmiller blasted Bessent in a Wall Street Journal op-ed.
  • The respected billionaire said that Bessent's bond market maneuvers are not the way to fix bond yields, that his efforts will fail, and that it will give allies another reason to lose trust in America.

Details worth keeping

Druckenmiller's column, "Let the Bond Market Speak," set off alarms. Stephanie Ruhle tried to explain why Druckenmiller's op-ed was a big deal:

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