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Strategies & Market Trends : The coming US dollar crisis
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To: maceng2 who wrote (70968)1/20/2025 10:26:49 AM
From: ggersh1 Recommendation

Recommended By
maceng2

  Read Replies (1) of 71475
 
the idea of an EU imho was brilliant, the weaponization
of it by turning the UNELECTED EU GOVT into the

mechanism that runs Europe is a disaster for the people,
not so much for the oligarchs/politicians. Just look at the
level of politicians that are voted in to run individual countries,
pretty much everyone of them is a lackey to their WEF/Oligarch
masters

Here is a comment I read at MOA and instantly I thought of

the Spiders Web

Tomorrow it starts: People vs. Banks
And possibly AGAINST ENGLAND
.
During the confirmation hearings of US Treasury Secretary nominee Scott Bessent on Thursday, January 16, this exchange caught my attention (at about minute 52 of the video linked above):

Senator John Cornyn (Republican of Texas): "As you know, the US Treasury bond market is the largest in the world at $28 trillion and is critical to the financial stability of the United States. There is actually a proposal for a US Treasury futures settlement facility at the London Clearing House, which is overseen by the Bank of England. Some argue that the Bank of England would have control over... a default scenario in this critical market, not the US. Does that worry you?" Scott Bessent responded:

You raise a very important question that I will explore further. I was not aware of this in relation to the new exchange until a few days ago. What I can tell you as a student and professor of economic history is that it is important for the US - for US Treasuries - that we are able to resolve any stress issues that may arise in the markets in the US. We saw during the Lehman Brothers bankruptcy that many of the problems originated in the UK subsidiary. So this is something that... I am inclined to think that the resolution authority has to be based here in the US, but I will write to you with an answer to that if that is confirmed.
Read more...there was a lot more...
.
 https://alexkrainer.substack.com/p/it-starts-tomorrow-people-vs-the?utm_source=post-email-title&publication_id=1063805&post_id=155154314&utm_campaign=email-post-title&isFreemail=true&r=3gd4ql&triedRedirect=true&utm_medium=email

Posted by: verbannter | Jan 19 2025 16:19 utc | 14
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