At The Economic Club of New York’s gala marking America’s 250th anniversary, Treasury Secretary Scott Bessent unveils a five-pillar framework for “economic statecraft” — tying trade, supply chains, and financial leadership directly to national security. WATCH:
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Building national capacity to manufacture domestically
Demanding reciprocity in trade
Writing global rules on trade and AI
Maintaining dollar dominance
Ensuring average Americans share in the prosperity
All key points. The global rules on trade and AI requires people sitting at the table.
Dollar dominance, the debt is a huge problem.
Americans should share in the prosperity but only if they have participated in that process.
Thank you for that summary. I knew I’d never find the time to watch.
Inspiring speech, but I couldn’t help but think about the communities that are being destroyed by massive data centers, which he says we will protect, and the mention of stablecoin and tokenization. What changes of our relationship to our money is underway? There is also the underlying stain of Global human trafficking, that touches all businesses, transportation, governments, NGO’s and politicians. How will this new paradigm, which this country desparately needs, as well as the rest of the world, thrive and prosper when there is rot at its underpinning, which all of the above continue to protect?
The method for the common people gaining financial independence is already out there. However, just as it was when the car was invented. It took 20+ years before the horse and buggy was no longer seen on the road.
The dollar is going digital whether we want it or not. Most people including myself enjoy the convenience and safety of a digital currency and transaction.
Even where I am at UTC+8, 70% of transactions are digital.