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Quinten
@QuintenFrancois
Doing things with crypto Bestselling author | Forbes 30U30 CBO @lokal_spot | Business: @GavinVDL
Joined August 2017
1.5K Following    205.3K Followers
Scott Bessent engineered the trade that BROKE the Bank of England. Do you really think he’s too stupid to understand how America could benefit from Europe breaking next? In 1992, he helped Soros and Druckenmiller bet against the British pound. Their fund made more than $1 BILLION. Now he’s defending rising U.S. borrowing costs by pointing out that it’s happening elsewhere too. Investors aren’t abandoning America for Germany or Japan. Read that again. Governments compete for the same investors’ money. If people become less willing to lend, governments have to offer higher interest rates. Their debt gets more expensive. But America doesn’t have to look financially healthy if the alternatives look even worse. Now put the conspiracy hat on: What if weakening Europe is part of the strategy to rebuild America? Investors get scared of European debt. Some move their money into U.S. debt instead, helping Washington fund itself. Businesses see better conditions in America. Investment, factories and jobs follow. Europe loses money and industry. America gets both. It’s just a theory. But do you REALLY think a man who helped make a fortune betting against Britain wouldn’t recognise the opportunity? “America First”
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