Stupid Is as Stupid Does: Will the real Scott Bessent please stand up?

Trump’s economic policies overseen by Scott Bessent are torching the U.S. dollar and tanking the economy. In this episode, Max does a deep dive into the decline of the dollar, U.S. fiscal mismanagement, and bizarre monetary policy that has many questioning whether we’re witnessing the decline of U.S. economic hegemony in real time. The episode examines U.S. policy through the actions of Treasury Secretary Scott Bessent whose erratic behavior belies his moderate past.

Access the corresponding graphs.

Resources

Conference Board: US Consumer Confidence Fell Sharply in January

Money Maze Podcast: Who is Scott Bessent? Meet Trump's New US Treasury Secretary

Census Bureau: Monthly Construction Spending

MacroMicro: U.S. Dollar Index

MacroMicro: Japan - US/Japan 10Y Bond Yield Spread vs. USD/JPY

MacroMicro: Gold / US Dollar / 10Y Yield

UNFTR Resources

Video: Scott Bessent's DERANGED plan to destroy the dollar and economy

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