Bessent – the US will now treat US allies’ wealth as an American “sovereign wealth fund”
From Arnaud Bertrand
This is, without exaggerating, one of the most extraordinary things a US Treasury Secretary ever said.
It should be mandatory viewing for all citizens of US “allies”, Europeans first and foremost.
What Bessent is saying is that the US will now treat US allies’ wealth as an American “sovereign wealth fund” (his words), “directing” them, “largely at the [US] president’s discretion”, how to use their money in order to build American factories and reshore American industries.
Even the Fox News host can’t believe it, calling it “offshore appropriation”, another word for theft.
That’s exactly what it is: straight up unabashed colonial plunder.
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That’s the pattern we see emerge: unable to extract wealth or win wars against an increasingly strong Global South, the US has turned inward to feast on its own “allies” – who can’t resist precisely because they depend on their exploiter for military “protection”. They’re as defenseless against American wealth extraction as any 19th-century colony was against its colonial “protector.”
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This is what the Global South is standing against. How many times have we said that tariffs are simply a try at extracting the wealth from the world so that Trump and his cronies can live high on the hog and excercise its hegemony.
This is, without exaggerating, one of the most extraordinary things a US Treasury Secretary ever said.
It should be mandatory viewing for all citizens of US "allies", Europeans first and foremost.
What Bessent is saying is that the US will now treat US allies' wealth as anโฆ pic.twitter.com/IdNFMW33P7
— Arnaud Bertrand (@RnaudBertrand) August 13, 2025
Also hear out Kevin who tells you exactly what is happening with Tariffs.
I’ve thought more about this, and I’ve read the comments here. Although I paint these few words from Bessent as reasonable, this still occurs within the late-stage capitalism and the fall of empire and crisis of over-production that all analysis says it is. The point is that it’s not rape,… Read more »
Exactly. Like Ursula grinning in Scotland during her consensual rape. Bottomless cynicism!
Devoid of options and means, the kabuki went darker.
They’re gaslighting mankind โ showing the strangling of allied chickens to scare monkey majority into line.
This too will fail
The consensuality is only at that fine level. The ‘deal’ is rape for us European citizens, while 90% of the ordered gas will not be produced by the USA because they don’t have this capacity. The USA will buy LNG from the market, mainly Russian, and sell this for 3-4… Read more »
Yes of course Rob. But keep in mind, countries are ruled by a few elite families. The eternal human curse. And the more haughtily supremacist, the more contemptuously despotic. Our views are irrelevant. Until we bring out the guillotines and nooses
“L’รtat, c’est moi.” โ Louis XIV
Aren’t we looking at a toxic admixture of both consensus, and rape? Consensus amongst the ruling classes, and a shared raping of the citizens of all nations under the the thumb of such consensual “elites.” So maybe we are now in need of looking into Karl Marx’s essential objective precondition… Read more »
Yes, a toxic, and inevitable admixture. Given the horrifying ways they raise their own, the rape’s institutionally horizontal too. In such trauma-based satanic cultures, smothered by idleness and dull destinies, they derive heightened sensation, and even meaning, from being “touched” through the process of rape by dominant hierarchs
The constant mistake in political analysis is to think in terms of “countries” as if they are entities with self agency. They are not. Countries are captives of the hidden self interest of their ruling classes. The primary aim of the ruling classes in the West (and elsewhere) is to… Read more »
Sorry, but this sounds like hysterical reaction. If these countries invest in US enterprises, they will also receive dividends from those enterprises. It’s not very different from buying treasuries, but instead of debt they’re rolling over their US reserves into (hopefully) productive enterprises, creating new wealth instead of simply debt.… Read more »
He describes mafia raids and the wealth extraction of others perfectly. It’s quite an indictment given the history of the weaponization of the dollar. It is not like normal off-shoring or on-shoring a business – they want to eat the other guy’s sovereign wealth funds. . Can the US not… Read more »
Grieved, anyone who’s been following the events of this year, knows perfectly well what Arnaud wrote above was an UNDERSTATEMENT. In fact, I was looking for the word EXTORTION, but I failed to locate it anywhere in his article. I regard everyone at GS as my brothers and sisters in… Read more »
Bessent is either a moron, or he is deliberately trying to destroy the entire U$ economy along with its currency – being a Soros man from way back, suggests the latter. Every nation’s reserves are sacrosanct. Saying, in essence, “your money is my piggy bank”, should make all countries, including… Read more »
At least the #47 Admin is consistent in one thing – making moronic and beligerant statements…
https://www.youtube.com/watch?v=T0ss3X2CuSY
Great stuff, but frankly any anti-imperialist or Marxist could see this coming. If imperialism cannot exploit the global south, it will consume its own vassals and its own population. Perhaps there will be a “deal” for Russia to work with the USA in the Arctic but this is so very… Read more »
I agree Hank: This is all objectively structurally unavoidable. It is way beyond the personality of Trump and his ilk. It is solidly baked into the class driven logic of what we call capitalism. I recall reading that something remarkably similar happened to the Roman empire at its end. The… Read more »
So well said, Hank and Snow – BRAVO!