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Treasury Secretary Scott Bessent @SecScottBessent - In her latest sciolistic letter to me, @SenWarren made it clear that she knows even less about foreign exchange markets than she does about banking.
What is equally shocking, but not surprising: not a single member of the media mob has a rudimentary-enough level of financial market literacy to spot her remedial error.
To reiterate: under @POTUS, the United States delivers for America’s trusted partners.
For a fuller explanation, I recommend Senator Warren take any entry level course in international finance for her and her staff, or I can personally give her a tutorial on Foreign Exchange for Dummies. Although I am not holding my breath, I hope her next letter will demonstrate that she has learned the difference between a currency purchase and a swap or a loan.
https://x.com/SecScottBessent/status/2093365277228458023

Treasury Secretary Scott Bessent @SecScottBessent - Treasury promised to sever every economic lifeline Tehran has left and finally end the threat of the Iranian regime. We also warned that Iran’s enablers cannot continue to enjoy access to the U.S. dollar and the global financial system. Banque Misr UAE decided to find out the hard way, and today, we are taking the first step in holding it accountable for its continued, egregious support of the Iranian regime.
Quote:
Treasury Department @USTreasury
Today, under Operation Economic Outcast, @FinCENnews proposed a rule that would revoke Banque Misr UAE’s correspondent banking access to U.S. financial institutions. Additionally, Treasury’s Office of Foreign Assets Control sanctioned Bank Melli Dubai manager Reza Mohammad Taeedi, along with a Hong Kong-based front company that has helped launder funds for a sanctioned Iranian exchange house. Operation Economic Outcast is severing the remaining financial lifelines that sustain the Iranian regime.
https://x.com/SecScottBessent/status/2093348438343614943

Tucker Carlson @TuckerCarlson - Video: There are more than 100 million illegal aliens living in the United States. Donald Trump has no intention of deporting them. Greg Bovino ran the Border Patrol until earlier this year, and saw the betrayal firsthand. Now he says the administration is threatening his life.
https://x.com/TuckerCarlson/status/2092775230095741276

Tucker Carlson @TuckerCarlson - Video: We’re re-opening the case.