How Scott Bessent and Trump’s Emergency Powers Are Robbing Us All
There is a treasury heist going on in America and nobody seems to notice.
Behind the smug mouth of Treasury Secretary Scott Bessent, is a man who is deeply corrupt, stealing from the American people. He does not care about the working class, American jobs or innovation, or anything of substance. His impact on the nation is being felt in the form of financial policies. Bessent is one of the mouthpieces and public faces of the disastrous tariff program. His possibly fake feud with Elon Musk aside, Bessent is mostly a lost figure in a sea of corrupt officials.
However, in order to undo the final strings that bind America and the rest of the world to Donald John Trump, we must look at, investigate, and remove Scott Bessent from the cabinet.
A Decentralized Central Bank, and New Kinds of Bank Robberies
In the annals of American financial history, few episodes will be remembered as brazenly as the current era under Treasury Secretary Scott Bessent. With the stroke of a pen and the invocation of “emergency powers,” Bessent – backed by President Trump – has orchestrated a campaign of asset seizures and financial manipulation that rivals the most audacious schemes of Wall Street’s past. But unlike the robber barons of old, Bessent wields the full power of the U.S. government, targeting not just criminals but entire banking systems and, by extension, ordinary Americans.
Their plans to replace the Federal Reserve with Donald Trump’s personal financial network have been laid out in the World Liberty Financial filings that Donald Trump and Steve Witkoff made last year.
Though many grifts, cons, bribery schemes, and corruption happening in plain sight are being covered, Scott Bessent and his role in Trump’s financial house is not totally known.
He is a weak leader, in an important position.
He can, and must be removed from his post immediately.
Emergency Declarations Have Been The Pretext For Asset Seizures
The legal linchpin of this operation is the administration’s aggressive use of emergency declarations. Ostensibly aimed at combating the fentanyl crisis and transnational crime, these declarations have given the Treasury and FinCEN sweeping new authority to freeze and seize assets linked – sometimes tenuously – to Mexican banks and remittance channels. The FEND Off Fentanyl Act and related executive orders have allowed the administration to bypass traditional checks and balances, with Bessent at the helm of implementation.
But the reality is far murkier.
The broad brush with which these powers are wielded means that not only alleged cartel affiliates, but also immigrants, dual citizens, and anyone sending money abroad can find their assets frozen or confiscated. The lack of due process, transparency, and oversight has alarmed legal scholars and civil liberties advocates alike. What began as a war on drugs is rapidly morphing into a war on financial privacy and property rights.
The Iran Connection: Bombs, Backchannels, and International Banking
Meanwhile, the administration’s public feud with Iran has escalated to military strikes on nuclear facilities – actions justified as necessary for U.S. and global security. Yet behind the scenes, Trump’s envoy Steve Witkoff has been quietly negotiating with Iranian officials, proposing a regional “consortium” to control uranium enrichment. The goal? To place Iran’s nuclear program under a bureaucratic structure with heavy U.S. influence, all while maintaining the appearance of hardline opposition. How these financial transactions and relationships were to be orchestrated is a matter of secrecy.
This duplicity is more than diplomatic theater. It reveals a pattern: public aggression paired with private dealmaking, all orchestrated by a small circle of insiders – including Bessent – who stand to benefit from this chaos. The administration’s hostility toward Iran and its allies is matched only by its willingness to cut deals when it suits their interests, often at the expense of broader U.S. diplomatic and economic goals.
Our Dollars Are Being Destroyed While They Create Competitive Currencies
Donald Trump famously launched a new iteration of a meme coin cryptocurrency by his own name, $TRUMP, before even taking office. What seemed like a rushed announcement has become very publicly scrutinized and open-ended, clear bribery schemes. This scheme has allowed people to pay for access to the White House or Trump as a personal financial interest. These kinds of corrupt arrangements have long since been known by both parties, sometimes discussed, other times not. The Congress and political establishment has allowed and even enabled Trump to do things like that because they have convinced themselves that even though he is greedy and selfish, that he is still working on our behalf.
That myth must be eliminated.
$TRUMP is a competitive currency to the USD.
World Liberty Financial, owned by the Trump family and Witkoff family, also released a “stablecoin,” USD1, which effectively mirrors our monetary system.
Never before in history has a President personally marketed a competitive currency with which he would have a fiduciary responsibility to beat the dollar.
This is more than just claiming a weak dollar as a good thing for trade.
This is Trump weakening our money to try to make us dependent on his.
He is keeping Americans all out of opportunities, to keep them for himself. But he is now losing those opportunities for himself, which is causing his own allies like Elon Musk to leave his orbit. They may, like Elon Musk, choose to make up misinformation about what was happening. But the likelihood is, Donald Trump is taking advantage of literally everybody around him to unjustly enrich himself.
That is why it’s important to notice what people like Scott Bessent do under cover.
The New Development Bank: America’s Missed Opportunity
Nowhere is this more evident than in the administration’s approach to the New Development Bank (NDB), the financial arm of the BRICS bloc.
As Iran and other U.S. adversaries deepen their ties with the NDB, America remains on the sidelines – by choice. The NDB offers a platform for financing major infrastructure and energy projects across the Global South, including the Middle East. Membership is open to any UN country, yet the U.S. has not even attempted to join. Why not?
Because the current leadership is blinded by their personal financial interest, rivalries and short-term political calculations, so they refuse to engage. Bessent’s obsession with punitive measures and asset seizures domestically, has foreclosed the possibility of constructive diplomacy abroad. Trump’s erratic foreign policy, driven by ego and electoral posturing, has made meaningful engagement with BRICS and the NDB politically toxic. The result is a self-imposed isolation that leaves America less influential and less able to shape the future of global energy and finance.
Congress Is Complicit, Corrupt, or Inept
In theory, Congress controls the “power of the purse,” as they say. Congress is therefore capable of asserting itself in all matters and affairs that this President claims or acts as if fall on his desk exclusively. The reason this doesn’t happen is because of cowardice for the most part, but the truth is that our Congressional member are incapable of the creative thinking necessary to solve today’s problems.
Congress should be the bulwark against executive overreach, but they are not. While a handful of lawmakers have voiced concerns about Bessent’s conflicts of interest and the administration’s abuse of emergency powers, they remain ineffective or actively participating in furthering Trump’s personal agenda. Some are paralyzed by partisanship, others by fear of political backlash, and many by their own entanglements with the very financial interests now running the show.
This abdication of responsibility has real consequences.
By failing to assert its constitutional authority, Congress has allowed the executive branch to weaponize the Treasury for political and personal gain. The legislative branch’s inaction is not just a failure of oversight; it is a green light for further abuses.
Every American Pays
It is tempting to see these scandals as distant or abstract, affecting only the powerful or the politically connected. But the truth is that every American is at risk. The dollar is having a difficult time, at historic lows right now. Though Trump may have talked at length in the past about the value of a weaker dollar. But domestically, that is not helpful to people who are fighting against inflation, low wages, and a tyrannical government. When the government can seize assets on flimsy pretexts, when financial institutions are weaponized for political ends, and when opportunities for international cooperation are squandered, the costs are borne by all of us.
We Must Sideline These Saboteurs
The path forward is clear – though difficult.
Congress must reclaim its authority, revoke the Senate’s confirmation of Bessent, and restore checks and balances to the Treasury. More ambitiously, lawmakers should pursue membership or partnership with the New Development Bank, opening new avenues for American participation in global energy and infrastructure projects. This is not just about restoring America’s reputation; it is about securing tangible benefits for American workers, businesses, and communities.
But none of this can happen while Trump and Bessent remain in charge.
Their record of self-dealing, secrecy, and sabotage has made them unfit stewards of America’s financial future. It is time for Congress – and the American people – to demand better. America cannot afford to let a handful of insiders dictate its economic and diplomatic destiny. The era of emergency powers and executive fiat must end.
Only by exposing the grift, demanding accountability, and embracing bold diplomacy can we hope to reclaim our place in the world – and our faith in our own institutions.
