Trump's National Security Advisor Wing 'Economy as Security' China Tariff, Finance as Foreign Currency Strategist

Trump's National Security Advisor Wing 'Economy as Security' China Tariff, Finance as Foreign Currency Strategist

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Alex Wing, who was nominated as National Security Advisor under the Trump administration, served as the chairman of the U.S.-China Economic and Security Review Commission, a bipartisan group appointed by Congress for the past several years.

This committee is an organization that studies the impact of the economic relationship between the U.S. and China on national security. The foreign currency betting attacker who created the myth of '1 billion dollars in pound betting' and became the nominee for Treasury Secretary.

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The White House correspondent for the New York Times said of the agency, which has been largely undisclosed to the media, “The agency’s discussions about the complex economic, technological and military relationship with China were summed up by President-elect Trump’s declaration that ‘tariffs will solve everything.’” He also said that the Treasury secretary nominee, Wall Street billionaire Scott Bessent, may be able to sling MAGA rhetoric about deregulation and tax cuts, but he will also try to ensure that the president’s most extreme solutions, such as inflationary tariffs on foreign goods, do not end the post-election surge in the stock market.” Bessent, the Treasury secretary nominee, was a fundraiser for Democrat Al Gore in 2000 and was the chief investment officer of hedge fund magnate George Soros’ $30 billion fund management company 12 years ago, effectively a Democratic fundraiser.

The New York Times reported on the 23rd, “During the height of the 2000 presidential campaign, Vice President Al Gore returned from a tour of battleground states to attend a fundraising event for the Democratic National Committee in East Hampton, New York, and stood on stage behind Gore, with Scott Besent, a hedge fund manager and major donor to Democratic lawmakers at the time, co-hosting the event.”

Besent, an openly gay disciple of billionaire philanthropist George Soros, has donated money to top Democratic figures including Hillary Clinton, John Kerry, and Barack Obama. In the 1990s, he became famous for making $1 billion in an instant by betting on foreign currencies while working as a partner at Soros Fund Management, targeting the British pound, which was vulnerable to the twin deficits of the fiscal deficit and trade deficit.

The New York Times reported that “Besent left Soros Fund after his high-yield pound bet to start his own fund, and returned in 2011 to become Soros’ chief investment officer.” “By then, Besent had become a major donor to Republican candidates, and according to a summary of his contributions provided by his office, he had given about $15 million to political groups over the past few years, all but $300,000 of which went to Republicans, and he donated $1 million to Trump’s inauguration in 2016.”

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He described Trump’s growing criticism of him as “a stock that rises on bad news” to political analyst Mark Halperin last month during the campaign.

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The New York Times explained that “Besent explained that every apparent setback seemed to strengthen his candidacy,” adding that “Concerned about the explosive growth of the national debt and the need for changes in the international trading system, Besent arranged a meeting with Trump and began exchanging economic policy ideas.”

he New York Times reported that Deputy National Security Adviser Wong “helped Trump secure two meetings with North Korean leader Kim Jong Un while working at the State Department’s top level on North Korea issues,” and that “these diplomatic and high-handed actions were rooted in Trump’s belief that a combination of personal diplomacy and economic enticement would get Kim to give up his nuclear weapons.”

The New York Times reported that “President Trump met with North Korean leader Kim Jong Un twice during his first term in office, hoping to curb the North’s nuclear arsenal, but the talks collapsed, and today the North Korean leader has more nuclear weapons than before the meetings,” and that “Chairman Kim has insisted that talks with Washington are over.”

South Korea was targeted as the next target after Bessent’s attack on the British pound, and faced a foreign exchange crisis and was transferred to the IMF bailout system.

The “new right,” led by Vice President-elect J.D. Vance, is pushing the Republican Party to adopt more “economic nationalism” as a populist economic agenda, led by the “deport immigrants and raise white workers’ wages” think tank American Compass. Launched in 2020, American Compass supports policies that are in the Trumpian sweet spot, such as higher tariffs, as well as policies that shift power directly to workers, such as allowing more workers to collectively bargain with their employers.

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“Economic nationalism in terms of trade and globalization has created a real space for pro-worker policies,” said Oren Cass, chief economist at American Compass, a think tank that has emerged as the most prominent voice of the “new right.” In an interview with the New York Times on October 12th of last year, while he was a member of the House of Representatives, Vance said, “We cannot allow the entire American economy to abandon American workers and import millions of illegal workers,” adding, “This is one of the biggest reasons why millions of people are leaving the workforce.”

The New York Times reported, “According to this new conservative faction with which Vance is most closely associated, cutting off the supply of vulnerable foreign workers will force employers to seek out American-born workers.”

Vance began his career as a public affairs officer in the Marine Corps, dealing with the press, and later as a writer, critic, and candidate for Congress, he has written a long record of views on issues such as immigration and his vision for the country, as well as Trump, through blog posts, opinion columns, and podcast appearances.

The Times reported on October 12, “For example, in a 2021 podcast, he said that if Trump were to be re-elected, we should ‘take over left-wing institutions,’ ‘fire every mid-level official’ in the U.S. government, ‘replace them with our own people,’ and ignore the Supreme Court if it tries to block him.”

 

The delay in Besent’s nomination was largely due to fierce debate among senior members of the transition team, and as the nomination was nearing completion, Elon Musk formally supported Howard Lutnick and opposed Besent.

 

Musk’s statement said, “It would be interesting to hear more people weigh in and consider their feedback @realDonaldTrump,” adding, “My view is that Besent is a business-as-usual choice, while Howard Lutnick would actually enact change. We need change, one way or another, because business-as-usual is bankrupting America.”

 

Trump’s statement on the nomination said, “Scott (Besent) is widely respected as one of the world’s greatest international investors and geopolitical and economic strategists. Scott’s story is the story of the American Dream.”

 

At the Manhattan Institute conference in June, Besent presented three economic plans to Trump: “3% real economic growth, how do we get there? By deregulating, ‘increasing American energy production,’ ‘holding back on inflation,’ and leading the way to a ‘private sector that can replace this massive government spending.’” 

ABC reported on the 23rd that Besent “has ties to Brown Brothers Harriman, The Olayan Group, Kynikos Associates, and Protégé Partners.”