🇺🇸 SCOTT BESSENT JUST POSTED THIS:
Dear Senator Elizabeth Warren:
I have received your October 7 letter, which adds to the mounting body of evidence of your complete paucity of knowledge about financial markets. Rather than take my suggestion of studying introductory economics, you have continued your letter-writing crusade and participation in tabloid fodder about the Treasury Department.
Unfortunately, it is difficult to treat your concerns as sincere. As the federal funds rate climbed from near zero to its highest level in 22 years, with inflation hitting a 40-year high, you were a cheerleader for the Biden Administration’s reckless spending. You blamed the economic consequences on the Federal Reserve, rather than your own irresponsible fiscal policies. Your view of the economy depends on who occupies the White House, but your woeful understanding of the issues is consistent.
The “interventions” you describe as “unprecedented” have been underway since May 2024. The buyback program has been well received by market participants in bolstering Treasury liquidity, which reduces market volatility, increases the convenience yield of Treasury securities and ensures the best value for the taxpayer. The continued enhancements optimize Treasury market liquidity in primary and secondary markets. The U.S. Treasury market’s liquidity and performance versus global peers is evidence.
While you voted for a $5 trillion tax hike on everyday Americans, the Working Families Tax Cuts continue to deliver for families and workers across the country. The average refund this filing season was over $3,400, an increase of 11 percent over the previous year. More than 30 million workers claimed No Tax on Overtime, more than 7 million claimed No Tax on Tips, and more than 37 million seniors claimed their enhanced deduction. More than 34 million families claimed the permanently enhanced Child Tax Credit, and millions of families are utilizing Trump Accounts to unlock a new savings vehicle for children. All of which you voted against.
These results are made possible by the employees of the Department of the Treasury, who are working around the clock for the American people. Unsurprisingly, you have responded by criticizing their dedication and aptitude for the job in a recent interview.¹ Despite your malign characterization, the Domestic Finance team you alluded to in your interview is fully staffed relative to historical levels. It is ironic that you have voted against every presidential appointee for a position at Treasury, no matter how impressive the qualifications for the role. Given your newfound interest in Department personnel, I challenge you to reverse course and thoughtfully engage with future nominees and support their confirmation.
Finally, my offer of a Foreign Exchange for Dummies tutorial still stands and if you receive a passing grade on the Yale metric, not the Harvard curve, I would be happy to also include a Fixed Income for Dummies.
Sincerely,
Scott Bessent
Then he finished with a handwritten note ✍️
Happy Indigenous Peoples’ Day in advance to you and your family.
💀
🚨🚨🚨 BREAKING: White House Press Secretary Katie Zacharia just DROPPED A BOMB on Fox and told America the TRUTH they don’t want you to hear 🔥🔥🔥
President Trump is LITERALLY fighting to lower prices ALL BY HIMSELF while the entire system fights him every step of the way.
“People need to start giving him credit for his multi-faceted approach, and how he’s trying to bring down prices almost unilaterally all by HIMSELF.”
In the last few weeks alone he’s struck MULTIPLE deals and ordered refiners and retailers to DROP PRICES RIGHT NOW.
ZERO Democrat help. ZERO Senate backup. Just pure America First execution.
While prices stay high because of global chaos, Trump is the ONLY ONE actually moving to crush them.
Give the man credit… or keep suffering.
VOTE RED 🇺🇸🇺🇸🇺🇸
This is the moment.
ILLEGALS get $ 4000 to $5000 per month.
Social Security pays retirees about $2000 per month on average. So ILLEGALS get double.
Does that make sense to you?
a. Hell No
b. Yes
c. Retirees earned it. ILLEGALS are just freeloading!
Elon nailed the double standard.
If we shipped 100,000 Americans to Greenland, elected an American prime minister, and voted the place into the U.S., the left would lose their minds. Do that to Europe through mass immigration and they call it progress.
Same playbook here. Import the votes. Change the country. Then act shocked when the natives notice.
Europe is the warning. November is the off-ramp.
Vote Republican. 🇺🇸🇺🇸🇺🇸
The Amish in New York are facing massive fines over Democrats' vaccine mandates. Amish families will likely have to flee the state after losing the religious exemption they’ve had for decades.
Amish private schools are being hit with crushing fines for not having students vaccinated.
The fines are roughly $2,000 per noncompliant child, multiplied by the number of school days.
3 small schools were cited; of the 59 children already cited, one more day of attendance brought the total fines to $118,000. They say they can’t pay it.
New York Democrats' position is that every day an unvaccinated child attends school, there will be a fresh violation worth up to $2,000.
I think back during V.Nam when we had the worst Sec of Defense of all time- McNamara-- a Momma's boy, a real suit. Here we have a real Warrior, an Alpha Male. Night and day. Of course the Dem's hate him.
Secretary of War Pete Hegseth drains 9 out of 10 three-point shots after a workout.
Hegseth played basketball for Princeton University from 1999-2003. In high school, he set the school record for most career three-point shots.
Impressive.
After years of trying to drive up oil prices to force us all into electric cars, Democratic politicians are now pretending to care about high gas prices. Vote these fraudsters out. President Trump brought gas prices down before, and he will do it again. Democrats would take us back to the Biden years of 9+% inflation and open borders. Vote RED!!
A clash of cultures is underway across France but do not be deceived about who is behind this: the global “open borders” cult & the left are the ones backing the Muslim rioters. The fascists of Antifa are right at their side, pushing them to more & more violence. It is a coordinated attack directed by those who see sovereignty as an obstacle to global power. If you love your country, your culture or your history, you are standing in their way. If you love humanity, you are a problem. And if you love God, you must be wiped off the face of the earth, along with your churches, statues & monuments. All of human history must be re-written so the lies can stand.