In The New York Sun, Larry Kudlow has called for Treasury Secretary Bessent to state his support for a strong, stable, and reliable dollar. He writes:
Now would be a good time for the Treasury secretary, Scott Bessent, to augment positive foreign policy and economic news, by coming out for a strong, stable, reliable, sound money based, pro-growth King Dollar.
It’s the Treasury’s responsibility.
The enormous rally in gold is, to a large extent, from a loss of confidence in the dollar, being led by Communist China — our usual enemies.
China is dumping U.S. Treasuries and buying gold.
That’s what the evidence shows.
Perhaps in connection with the other so-called Brics countries — fomenting some kind of cabal against the dollar and America.
The gold surge is not about inflation, because commodity prices and bond yields have not skyrocketed like the precious metal has.
Mr. Trump is right to take a whack at China today for their apparent hoarding of rare earths and breaking what might have been some kind of positive trade deal in the works.
We’ll see how that plays out.
But there are a lot of things going right for Mr. Trump, and for America.
Treasury man Bessent could make things even better — by reminding us of the importance of King Dollar.
Read more here.
