Treasury Secretary Scott Bessent Gives Lengthy Outline of His Role, National Security and the U.S. Economy


Posted originally on the CTH on October 3, 2026 | sundance | 

Treasury Secretary Scott Bessent appears for an interview with Axios co-founder Mike Allen. The wide-ranging conversation covered the U.S. economy, the war in Iran and the Trump administration’s approach to AI.

Secretary Bessent responds to Americans’ frustration with the cost of living; explains why he doesn’t think the AI boom is a repeat of the dot-com bubble and argues that AI leaders warning about losing control should slow down. Bessent also discusses possible U.S-China cooperation on AI risks, Treasury’s economic pressure campaign against Iran, the bond market, Trump Accounts and his clashes inside the administration.  WATCH:

Chapters:

0:00 – Cold open
0:24 – Inside Treasury’s Cash Room
1:38 – Unpacking why Americans still feel squeezed
5:21 – Bessent’s economic campaign against Iran
7:35 – Is AI in a bubble?

9:44 – AI risks and the race with China
13:31 – Preparing for an AI shock
15:13 – How far Washington could go regulating AI
19:08 – Will AI create more jobs?
21:15 – “I am the house”: Bessent vs. the bond market
24:15 – When Treasury intervenes in markets
25:35 – Kevin Warsh and the Federal Reserve
28:25 – How a hedge fund manager became a MAGA favorite
30:32 – Running Treasury like a business
32:50 – The case for Trump Accounts
36:02 – “Fired if fired upon”
37:46 – Bessent’s childhood and economic insecurity
40:15 – Being gay and building a Wall Street career
41:44 – His repaired relationship with Elon Musk

Posted inArtificial Intelligence (AI), Banking and Finance, Big Government, Donald Trump, Economy, Election 2026, President Trump, Super Intelligence, Uncategorized

France Closes 400 Schools, Rioters Planning Major Escalation October 6th and 7th, Next Target London and U.K


Posted originally on the CTH on October 3, 2026 | sundance |

There’s generally a strategy to the madness; you just have to wait until it starts to become visible.  The anniversary of October 7, 2023, massacre is right around the corner.

Hamas-led attacks on Israel on 7 October 2023, which killed about 1,200 people and involved mass shootings, hostage‑taking, rapes and horrific assaults on civilian communities.

As noted in the end of this article about the French protests, “student organizations are nevertheless calling for protests to continue, with the movement now looking towards Tuesday’s National Day of Action.”

EUROPE – Around 400 of France’s 3,700 secondary schools were closed on Friday on the orders of police prefects, with many schools switching to online lessons.

Education Minister Edouard Geffray urged parents to intervene, warning that young people were putting themselves at risk.

“Children are in danger on the streets,” he told BFMTV. “Parents must, quite clearly, take action and tell their children not to go [to the blockades].” The protests began over staffing, funding and school conditions and have spread rapidly across the country.

The Interior Ministry said 1,027 secondary schools were affected on Thursday, including 222 that were blockaded. Around 30 university campuses were also blocked.

It said 1,949 people were arrested on Thursday alone, mainly in connection with violence, unlawful gatherings and attacks on people in positions of authority. (read more)

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I suspect the U.K is only a few days from having a much worse set of crises on their hands.

Posted inBig Stupid Government, Cultural Marxism, European Union, France, Islam, Jihad, Notorious Liars, Typical Prog Behavior, Uncategorized, United Kingdom (UK) and Great Britain