Lowered the Swedish krona for George Soros – becomes Trump's finance minister

Published 23 November 2024 at 10.35

Economics. Donald Trump's nominee for US Treasury Secretary is Scott Bessent – who was the investment manager for George Soros and helped him become a multi-billionaire by laundering the krona and other currencies.
– He will help me usher in a new golden age for the US , Trump says.

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Openly gay Bessent, who has been described as “Soros' right-hand man,” played a crucial role when Soros Fund Management bet against the British pound and initiated the so-called Black Wednesday in 1992.

The operation shook the global currency market and generated over a billion dollars in profits for Soros, who became known as “the man who broke the Bank of England”.

A similar “financial terrorist attack” on the part of Soros and Bessant also affected the Swedish krona in the autumn of 1992 – something that created such great chaos in Sweden that During the month of September, the Riksbank was forced to raise the key interest rate to an incredible 500 percent.

Bessent joined Soros Fund Management shortly before these events, in 1991, and became a key player in the fund's success. In 2015, he quit and started his own hedge fund, Key Square Group.

Despite his past association with George Soros – who has been portrayed as one of Trump's biggest critics and is one of the top donors to the opposition Democratic Party – Bessent has become a close financial adviser to the president-elect. His support for Trump's economic policies, including the controversial trade tariffs, has cemented their cooperation. According to the Washington Post, Bessent is seen as a bridge between Trump's populist rhetoric and the liberal demands of the market.

Donald Trump praises Bessent in a post on his social media platform Truth Social, where he writes that Bessent will help him “initiate a new golden age for the United States”.