Rare Kremlin video: Putin with Witkoff and Kushner, then their first Kyiv trip this term and Zelenskyy's restrained reply. Moscow cites trust and economic projects; Bessent chokes offshore funding. Argentina presses Malvinas as Trump rethinks automatic U.S. backing of Britain.
Harvard’s battle against the American System spans centuries. Mike examines globalization, America’s skilled-worker crisis, and what President Trump is building to replace it.
The offshore empire gets named on live TV, Wall Street's forecasters get humiliated by the jobs numbers, and Europe moves to loot its own savers. One pattern runs through all of it — and eight weeks to settle it. Five posts inside.
The Saturday Wrap - Wall Street and London Sow Panic—But Scott Bessent's Secret Plan Is Crushing Them - August 22, 2026
A manufactured “debt bomb” panic is the next play against Trump before the midterms. Barbara Boyd unpacks Scott Bessent’s Hamiltonian plan—sovereign credit for production, not speculation—and why Wall Street and London can’t even comprehend it.
As headlines warn of a $40 trillion U.S. debt and a “bond market explosion,” Barbara Boyd argues a manufactured financial panic is being used to attack President Trump ahead of the midterms. She spotlights Treasury Secretary Scott Bessent’s “discreet” plan—echoed by Vice President JD Vance—to get economic growth to outpace debt by directing credit into productive investment rather than speculation or consumer handouts. Boyd frames the approach as an updated Alexander Hamilton model: sovereign credit for infrastructure, technology, and industry to expand real output and contain inflation, while curbing Wall Street and Fed-driven speculation. She cites Bessent’s focus on domestic production and supply chains and highlights executive-order priorities including advanced manufacturing, nuclear and fusion power, a Moon colony by 2028, and breakthrough science. The episode also features Vance’s critique of free-trade policies, “deaths of despair,” and a $1B Cleveland-Cliffs investment in Middletown, Ohio.
00:00 The Saturday Wrap - Wall Street and London Sow Panic—But Scott Bessent's Secret Plan Is Crushing Them - August 22, 2026 02:01 The Secret Plan Nobody’s Hiding 06:01 The Trump/Bessent Economic Program is Hamilton on Steroids 08:19 Why Wall Street and London Will Never Figure it Out
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Rare Kremlin video: Putin with Witkoff and Kushner, then their first Kyiv trip this term and Zelenskyy's restrained reply. Moscow cites trust and economic projects; Bessent chokes offshore funding. Argentina presses Malvinas as Trump rethinks automatic U.S. backing of Britain.
Harvard’s battle against the American System spans centuries. Mike examines globalization, America’s skilled-worker crisis, and what President Trump is building to replace it.
Bessent explains Wall Street, the financial press, and Democrats keep being proved wrong—contrasting Canada’s job losses with a blowout U.S. jobs report, calling out FT/WSJ panic, and framing a Red Queen economy that must outrun debt, China, and skills gaps.
Susan on Bessent naming IRGC accounts in the British Virgin Islands — the real target is the offshore money machine, not just Iran. Syria sanctions lifted, the Mecca Pact, Russia at the G20, and China on Iran.