Scott Bessent looks to be intentionally crashing the $.
I studied currency collapses and found that there were 7 indicators that preceded every major currency collapse in modern history.
I then measured the US dollar against those 7.
And as of right now, based on what Scott Bessent did last week, we have hit all 7 indicators.
No country in modern history has met all 7 and avoided a currency collapse. None.
And this doesn't look to be happening to us, it looks to be being done to us, by the people who swore an oath to prevent it. And they are getting rich while they do it.
Full article is up on Substack now (link in bio and it's free). I also give the things I am eyeing to hedge it and what we can do to fight it.
Mark Carney says America's signature was "written in pencil."
He's right, and it changes everything about future negotiations.
No country invests long-term in a partner who erases deals.
https://t.co/9fyT1c6Oso
A self-inflicted wound: Americans now pay 75% more for aluminum than the rest of the world, and 64% more for steel.
The price of protectionism is to drive up the cost of living for ordinary citizens and to destroy businesses’ ability to compete. https://t.co/IQVjSp9zyT
@cspotweet Her way of saying our unemployment rate is already too high and she's already made living in this province ridiculously expensive compared to others.
Chantal Hébert: "What I see today is that those polls that show 75% of people backing Mark Carney are quite extraordinary. But the opposite is not true in the US. That is not happening to President Trump and his crew. No one is saying, 'Good for you. Please stand up to Canada and hit them more.' They are losing that PR battle at home."