David McWilliams
๐ค SpeakerAppearances Over Time
Podcast Appearances
And I don't think anybody in Europe wants to do that.
Well, it's both aggression and kind of stupidity.
So what he's saying is that the Treasury and the Federal Reserve are two very distinct organizations.
So the Federal Reserve is an independent bank, which is apolitical on paper.
The Treasury is basically the Department of Finance of the United States.
And that comes under the control of your friend Scott Besant, who is working for Donald Trump.
If you think about it, right?
So Scott Besant...
has now said, look, there is another source of these dollars, which are our dollars, and we will give them to you.
So, for example, the great example was Millet, right?
They said to Millet, if you win the elections, we will give you, I think it was $20 billion.
I can't remember the figure, right?
Yeah, I thought it was $40, actually.
Maybe it's $40.
So suddenly they're making...
the provision of American dollars in Argentina contingent on a certain side winning the election.
Now that is financial warfare on a monumental scale.
Because what they're saying is if we want your guys to win, but if our guys don't win, we will penalize the country
by precipitating the currency crisis in Argentina.