China’s Market Myth and Bessent’s Economic Shift

The idea that Chi­na can piv­ot to the EU to avoid U.S. tar­iffs, not­ing the EU’s own tar­iffs and China’s reliance on Amer­i­can mar­kets. It high­lights Scott Bessent’s rejec­tion of the old debt-heavy sys­tem, focus­ing instead on aid­ing the 50% of Amer­i­cans in debt. With the top 10% own­ing 88% of equi­ty and the next 40% hold­ing 12%, Bessent aims to rebal­ance the econ­o­my for the strug­gling major­i­ty.

• They want you to believe that Chi­na is going to go to the EU and try to do some­thing there. The EU has tar­iffs on Chi­na, it is not a sim­ple back door for Chi­na. Chi­na has to have the Amer­i­can mar­ket. 
• Bessent could have come in and con­tin­ued to gain debt and issue gov­ern­ment jobs but the old sys­tem was not work­ing. 
• The top 10% own 88% of the equi­ty in this coun­try. 40% own 12% of equi­ty in this coun­try. 50% of the coun­ty has debt. Bessent is work­ing to give relief to the 50%.