Glad About Greenland, Tariffs, and Why Jerome Powell Is in Trouble – RedState

Glad About Greenland, Tariffs, and Why Jerome Powell Is in Trouble – RedState

by

Treasurer Scott Besent never disappoints when he appears on a show on Sunday. That was true Sunday morning when he joined Kristen Welker on NBC News’ Meet the Press.





Whether the topic was Greenland or the Fed, Besant was well prepared to answer the questions Welker raised.

Right out of the gate, Welker focused on Greenland, noting that Denmark and Greenland insist it’s not for sale, and asking: “What makes President Trump think it is?” Besant stressed its strategic value.

Besant: Christine, if we look for years, for more than a century, American presidents have wanted to acquire Greenland. And what we can see is that Greenland is essential to American national security – we’re building the Golden Dome, the missile system.

And look, President Trump is looking to be strategic. He’s looking forward to beyond this year. He’s looking forward to next year to see what could happen to a battle in the Arctic. We will not outsource our national security. We will not outsource our security in the Western Hemisphere to other countries.

In Trump 1.0, President Trump told the Europeans: “No — don’t build Nord Stream 2. Don’t depend on Russian oil.” And guess what, Christine? Guess what’s funding Russia’s efforts against Ukraine? European purchases of Russian oil. So, America must be in control here.





Welker followed that up by asking Besant whether Trump was serious about annexing Greenland, or instead using the discussion as a negotiation tactic. Besant responded by pointing out the importance of ensuring peace through force.

Besant: President Trump believes strongly that we cannot outsource our security. Because, Christine, let me tell you what will happen, and it may not happen next year, or in five years. But in the future, this battle for the Arctic will be real. We will maintain our NATO guarantees. If there is an attack on Greenland from Russia, from another region, we will be drawn into it.

So, now it is better to make peace through strength a part of the United States, and there will be no conflict because the United States is now the hottest country in the world. We are the most powerful country in the world. The Europeans reflect weakness. United States projects power.

Welker then focused on the role that tariffs play in the debate, asking what “national emergency” might justify their use. That’s the goal here, Besant explained It is forbidden emergency.





WELKER: Let me ask you, generally, about the tariff part of this. The President, as you know, justified his authority to impose the previous tariffs without going to Congress by declaring a national emergency. It’s a case before the Supreme Court now. We’re all waiting for the Supreme Court’s decision. What national emergency justifies this new list of definitions?

Besant: A national emergency is to avoid a national emergency. It is a strategic decision for the president. This is a geopolitical decision. He is able to use the economic power of the United States to avoid a hot war. So, why don’t we–why don’t we do it? You know, the same thing — the same thing what if we had a national emergency that came with these huge trading balances that we had with the rest of the world — I’ve been in the financial markets for 30 or 45 years — we’d better be strategic, avoid the emergency.

WELKER: You’re saying it’s a national emergency. But you also say this is a threat. It’s years away. How can both be true, Mr. Minister?

Bessant: Because you’re avoiding creating an emergency, Christine. What if during the Great Financial Crisis of 2005 and 2006 someone had raised their hand and said, “Stop subprime?” But no one did. President Trump raises his hand. This prevents an emergency.





See also: New: Trump hits Europe with tariffs on Greenland

Besant reveals a huge amount of fraud in the US budget, and warns the “cowardly” Tim Walz.

The conversation turned to the Federal Reserve and its reported investigation into Chairman Jerome Powell, with Welker asking whether the Justice Department’s investigation into the renewals threatened the Fed’s independence. Bessent was ready and made the critical point of the Fed’s continued lack of responsiveness to oversight attempts.

Welker: Is President Trump committed to the independence of the Federal Reserve, Secretary?

Besant: Of course, he’s committed to the independence of the Fed. But independence does not mean absence of oversight.

WELKER: But wouldn’t that undermine the Fed’s independence if the Justice Department was investigating the renewals? There are renovations to the White House.

Besant: The White House renovations are not $700 million, $1 billion or $1.5 billion over budget, Christine. The White House is funded by private money. If I wanted to–if I wanted to buy a new chair for my office at the Treasury Department, that would be an endorsement.

Just so we understand that the Fed has magic money. They print their own money. So, when you don’t have any supervision, why not get a little sunlight?

Christine, since last summer you have been calling for the Fed to conduct its own internal investigation. He did not pay attention to this, and he did not pay attention to it. And again, I don’t know about you. When I receive an inquiry – if I receive inquiries from the Department of Justice, I will respond to them. They went unanswered.





This seems like a fair point: Will there be any oversight and accountability by the Fed? If so, scrutiny seems warranted.

MTP’s full interview with Bessent can be viewed below:


Editor’s note: Do you enjoy RedState’s conservative reporting that attacks the radical left and woke up media? Support our work so we can continue bringing you the truth.

Join RedState VIP and use promo code He fights To get 60% off your VIP membership!



Leave a Comment