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Bessent Convenes G20 Finance Chiefs To Confront China's $1.2 Trillion Trade Surplus
Bessent Convenes G20 Finance Chiefs To Confront China's $1.2 Trillion Trade Surplus
Treasury Secretary Scott Bessent will meet with G20 finance ministers and central bank governors later today in Asheville, North Carolina, to discuss strategies for reviving economic growth, correcting global imbalances, reassessing trade relationships with China, and addressing the sovereign debt mess.
The agenda today will also include plans to deepen Iran's economic isolation, Reuters reported, citing a senior US Treasury official. The discussions signal a continuation of the financial-pressure campaign Bessent unveiled last week (read here).
"The world cannot have...
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suggested
May 10, 2026 / Dave DeCamp
Iran Warns of ‘Heavy Attacks’ on US Assets in the Region If US Targets More Iranian Oil Tankers
Iran’s Islamic Revolutionary Guard Corps (IRGC) has warned that it’s ready to launch “heavy attacks” on US assets in the region if more Iranian oil tankers are targeted by the US military. “Any attack on Iranian tankers and commercial vessels will result in a heavy attack on one of the American centers in the region […]
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Frédéric Bastiat
Bastiat's Famous Candlestick Makers' Petition
Aug 14, 2026 / Tyler Durden
Your Grandfather's Military Is Dead
Your Grandfather's Military Is Dead
Authored by Byron King and Sean Ring via DailyReckoning.com,
You may have already seen some of what I’m about to share in The Daily Reckoning. But given what we’re focused on here and the sheer amount of money now moving into this corner of the defense industry… I think it deserves a second look.
The drone itself is only part of what’s happening here. Building a military around unmanned systems requires an enormous industrial ecosystem underneath it like chips, sensors, batteries, rare-earth magnets, software, machine tools and, most...
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