Trump's Treasury Pick Sees A "Global Economic Reordering" President Trump’s pick for Treasury Secretary, Scott Bessent, has stated that he believes the world is on the cusp of a “global economic reordering”. And he would “like to be a part of it”.
He has hinted at the need for a new international agreement on the level of the famous Bretton Woods Agreement of 1944. Bretton Woods, of course, established the world monetary order over 8 decades ag
Interestingly, Bessent is a major gold bull:
“I think we’re in a long-term bull market in Gold. We’re seeing reserve accumulation by central banks. I follow it closely. It’s my biggest position.”
A gold enthusiast as U.S. Treasury Secretary? Interesting. Ironically, gold fell more than 3% when Trump announced his appointment, apparently due to Bessent’s hawkish budgetary credentials.
https://dailyreckoning.com/treasury-pick-sees-a-global-economic-reordering/