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Honza Černý

@honzacern1 • 13,750 subscribers

🍌🦍 Stacking metal. Tracking lies. Tweeting truth. ⚡

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🚨 STOP RIGHT THERE. Did the U.S. Treasury Secretary really just say this? “Why would I want to blow up the global financial system?” Read that again. Not some gold bug. Not some doom-porn account on X. Not some guy sitting in a basement surrounded by silver bars. The United States Secretary of the Treasury. And the context matters. Bessent was explaining why Washington is giving foreign entities time to comply before unleashing secondary sanctions. His reasoning? Secondary sanctions are an extraordinarily powerful tool. They must not be used lightly. Comply with Washington's expectations — or, in his own words: “They should expect that they will leave the dollar system.” Think about what is being acknowledged here. The dollar system is simultaneously being presented as: the weapon, the enforcement mechanism, and something whose disruption must be handled carefully enough that the Treasury Secretary invokes “blowing up the global financial system.” No, Bessent did NOT predict the collapse of the global financial system. That's not what he said. But when the man responsible for the world's most important reserve currency even puts those words into the conversation while discussing the weaponization of that currency's financial network… I pay attention. Especially when the same offensive targets: Gold. Digital assets. Shipping. Foreign financial institutions. And anyone helping Iran circumvent the dollar system. You can call gold a barbarous relic. You can call de-dollarization a fantasy. You can tell the world that exclusion from the dollar system is the ultimate financial punishment. But there is a question Washington may eventually have to confront: How many times can you threaten to throw people out of a club before they start building another club? And perhaps an even more uncomfortable one: What happens when the threat is aimed at someone too big to throw out without breaking some of the furniture yourself? China, I'm looking at you. 🇨🇳🍿 Bessent's sentence may have been rhetorical. But some sentences should make markets listen. “Why would I want to blow up the global financial system?” Indeed, Mr. Secretary. Why did that possibility enter the conversation at all? #Dollar #Gold #Iran #China #Sanctions #DeDollarization #FinancialSystem #Geopolitics #Treasury

Honza Černý

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