U.S. Treasury Secretary Scott Bessent says the yen will settle at an appropriate level if the Bank of Japan continues to conduct the right monetary policy. https://www.japantimes.co.jp/business/2025/10/16/economy/bessent-remark-yen-boj/?utm_medium=Social&utm_source=mastodon #business #economy #scottbessent #forex #boj #usjapanrelations #kazuoueda
Funny thing is that Bessent actually is a former Soros man!
Even if Milei loses the legislative mid-terms on October 29th, the US is already "convincing" centrist extremists that annexation / intervention is for their own good, making the very persuasive US case directly, mugging one representative after another, one governor after the next.
An invasion by a different name.
And the idiot Dems don't understand they are not paying for any of it, only confetti money.
So if you take a look at Latin America, it's a spotty look.
Argentina: soon to be annexed
Peru: turmoil, but central bank under control
Bolivia: resisting, but possibly fundamentally broken, a matter of time
Paraguay: taken
Chile: the pseudo-leftie government is about to fall, the far right will take it soon
Mexico: too big, too close, complicated, wait and see
Brazil: a pain in the arse, Bolsonaro didn't work, undermine harder, maybe force it to split.
Trump is making progress on the US plan to annex Argentina on the cheap for only $20B, not one shot fired.
Bessent and his oligarch friends stand to reap the most immediate rewards financially, whilst Thiel, Altman and others are more interested in the industrial and extractive uses of the territory.
Funny thing is that Bessent actually is a former Soros man!
Even if Milei loses the legislative mid-terms on October 29th, the US is already "convincing" centrist extremists that annexation / intervention is for their own good, making the very persuasive US case directly, mugging one representative after another, one governor after the next.
An invasion by a different name.
And the idiot Dems don't understand they are not paying for any of it, only confetti money.
Trump is making progress on the US plan to annex Argentina on the cheap for only $20B, not one shot fired.
Bessent and his oligarch friends stand to reap the most immediate rewards financially, whilst Thiel, Altman and others are more interested in the industrial and extractive uses of the territory.
Jonathan Schofield
boosted
Ω🪬Ω
➤ Making Argentina Great Again
it is incredibly suspicious to me that the US Treasury fund #Bessent wants to use to bail out #Argentina and Javier #Milei is almost exactly the same size as the amount of money #Tether is suddenly trying to raise via a “private placement”.
Tether is one of the most profitable companies in the history of the world, at least according to their own unaudited / unverified numbers. There should be no reason for them to need to raise capital and no desire on their part to sell off part of their cash cow.
Puting aside for a moment the absurdity of the idea that the central bank of international criminal finance considers itself to be in the same league as companies like Google, Nvidia, and Tesla, I can think of 3 possible explanations:
1. Tether is (somehow) out of cash. This is lent some credence by the fact that they are failing to pay their electricity bill in #Uruguay and had their power turned off a few weeks ago.
2. Tether wants to get some shares into the hands of corrupt government officials (other than Howard “Nutlick” #Lutnick, who already has some) for protection.
3. Now that the #Fed has pivoted and cut rates Tether’s income is about to start dropping (and the more the fed cuts, the more it will drop) so they are just cashing out the founders at the top. This is the most charitable interpretation.
it’s also worth mentioning that:
1. Tether’s #USDT token is very popular with #Argentinians trying to avoid that country’s hyperinflation. While technically illegal because of capital controls, it’s still a “crime” I have some sympathy for. But it does mean there’s an important connection between Tether and Argentina.
2. Tether is a major shareholder in south american agriculture business #Adecoagro which does a lot of work in Argentina.
more on Tether: https://cryptadamus.substack.com/p/trumps-transition-team-is-tethered
#uspol #MAGA #uspolitics #ScottBessent #treasury #finance #economics #bailout #IMF #WEF #WorldBank #howardLutnick #stablecoins
He said options for a support package “may include, but are not limited to, swap lines, direct currency purchases and purchases of US dollar-denominated government debt from Treasury’s Exchange Stabilisation Fund”. The fund, which was set up in 1934, is controlled by the US Treasury secretary, who has “considerable discretion” in the use of its assets — including about to intervene in exchange rates.
Tether Looking To Raise Up to $20 billion, bringing its valuation to $500 billion
A bailout you can't refuse.
"A person familiar with the discussions" says Milei is toast. Only Bessent appears to be keeping the Milei government alive.
https://www.politico.com/news/2025/09/25/trump-argentina-milei-bessent-republicans-bailout-00581449
Ω🪬Ω
➤ Making Argentina Great Again
it is incredibly suspicious to me that the US Treasury fund #Bessent wants to use to bail out #Argentina and Javier #Milei is almost exactly the same size as the amount of money #Tether is suddenly trying to raise via a “private placement”.
Tether is one of the most profitable companies in the history of the world, at least according to their own unaudited / unverified numbers. There should be no reason for them to need to raise capital and no desire on their part to sell off part of their cash cow.
Puting aside for a moment the absurdity of the idea that the central bank of international criminal finance considers itself to be in the same league as companies like Google, Nvidia, and Tesla, I can think of 3 possible explanations:
1. Tether is (somehow) out of cash. This is lent some credence by the fact that they are failing to pay their electricity bill in #Uruguay and had their power turned off a few weeks ago.
2. Tether wants to get some shares into the hands of corrupt government officials (other than Howard “Nutlick” #Lutnick, who already has some) for protection.
3. Now that the #Fed has pivoted and cut rates Tether’s income is about to start dropping (and the more the fed cuts, the more it will drop) so they are just cashing out the founders at the top. This is the most charitable interpretation.
it’s also worth mentioning that:
1. Tether’s #USDT token is very popular with #Argentinians trying to avoid that country’s hyperinflation. While technically illegal because of capital controls, it’s still a “crime” I have some sympathy for. But it does mean there’s an important connection between Tether and Argentina.
2. Tether is a major shareholder in south american agriculture business #Adecoagro which does a lot of work in Argentina.
more on Tether: https://cryptadamus.substack.com/p/trumps-transition-team-is-tethered
#uspol #MAGA #uspolitics #ScottBessent #treasury #finance #economics #bailout #IMF #WEF #WorldBank #howardLutnick #stablecoins
He said options for a support package “may include, but are not limited to, swap lines, direct currency purchases and purchases of US dollar-denominated government debt from Treasury’s Exchange Stabilisation Fund”. The fund, which was set up in 1934, is controlled by the US Treasury secretary, who has “considerable discretion” in the use of its assets — including about to intervene in exchange rates.
Tether Looking To Raise Up to $20 billion, bringing its valuation to $500 billion