In the last 2 weeks Treasury Secretary Scott Bessent claimed the K-shaped economy is “definitively over.”
The facts, real facts, don’t support that conclusion/claim at all. And I mean ZERO support!
So let’s digest the charts with the real facts, figures, and statistics…
If you want to know more about a “K” Economy and what it is < click here >. I explain it in easy to understand terms.
Back to Bessent’ claim…
Lately Treasury Secretary Scott Bessent stated clear and without reservation that the K-shaped economy is “definitively over.”
Well, well, well…
Over the long haul, Americans at the top of the economic scale (the rich) have gained ground substantially faster than Americans at the bottom of the economic scale. And the more recent and well documented evidence doesn’t show that trend suddenly stopped in 2025 or 2026.
So either the Treasury Secretary doesn’t understand what the numbers actually say…or he’s somehow using a contorted favorable statistic, or fabricated one, to convince Americans of something that just isn’t true. I don’t know what he is doing, maybe you do…but it’s certainly worth looking into.
Yes, I know some folks would like to say…
- He’s outright lying.
- He’s only a political operative.
- Maybe just doesn’t understand the actual economic numbers.
- He’s purposely leading people from the truth for some undisclosed reason.
But, let’s not go there. Why? First off…he is really intelligent.
Instead, let’s just look at the real numbers, the real economy, the real FACTS:
Now, let’s get into the “K” economy getting better or worse in really clear terms…
So, Scotty…can it get any more freaking clear????
The “K” economy gap is getting wider!
But “Wait a dang minute!” you say. The chart right there says 2004 – 2024…but it is 2026! Gotcha Mr. Wiseguy AH Trimble…gotcha!
Oh, yeah…about that. Look at the Brutality Chart above…it shows 7 critical economic indicators and their effects on American families from 2024 – 2026. Six of the 7 of those “K” Economy indicators show that economic conditions got worse since December 2024. And yes, one is unchanged…average new car price…up $18.
But here is the critically important one…look at the last one…it shows the “K” economy gap has gotten worse since December 2024. That is a clear fact. Maybe one Scotty overlooked.
So no…there is no “gotcha” in the charts or the facts. No cherry picking of statistics. Just facts…period.
But if he is so wrong…who exactly is Treasury Secretary Scott Bessent? How did he miss all the facts? Does he know what he is talking about? What’s his background?
In 1991 Secretary Bessent made his name in the investment world as a partner at Soros Fund Management (SFM). Yeah, that Soros…George Soros. And he is the guy that was the head of the Soros fund’s London office when it made a Billion Dollars off the 1992 UK’s currency crash. It was his analysis that pushed Soros fund’s decision to bet against the UK currency.
Why does that matter? Well, based on Bessent’s work Soros fund placed a bet (“short sale”)…a $10billion bet against the UK currency. But here is where that event gets really interesting…
The National Bureau of Economic Research is a major nonprofit, nonpartisan economic-research organization whose network includes more than 1,900 academic economists. An economic study published through the NBER examined the 1992 UK currency crisis and Soros’s role in it. They stated that Soros was a large actor involved in “triggering the crisis.”
Oddly, Bessent has raised campaign funds for Al Gore, Barak Obama, and Hillary Clinton. Then compare that to his switch and his personally donating $1.6million to Trump’s campaigns and raising another $55million+ for Trump’s campaigns through fundraisers.
And let’s close out Secretary Bessent with one last little nugget of information…his government financial disclosure reports assets valued somewhere between $521 million and $784 million-plus.
Hang on…wait for it…his government financial disclosure statement shows more than $4.6 million in annual income from just a handful of disclosed sources…before counting substantial additional investment, dividend, capital-gain and real-estate income (which could range millions more, the exact amounts weren’t disclosed).
So Scotty Bessent lives in the top .001% (the top one-thousandth of one percent) of the wealthy in America…he is part of the ultra-super-wealthy. Some would call him a “rich-elite”…I would be tempted to put the label on him as well.
Yeah…perhaps his view of the “K” economy looks a little different depending on which arm you’re sitting on.
There is a whole lot more on Bessent I could share…but that is an article for another day. But let me leave you with this last thought on Bessent. If I wanted to hire someone who is an expert on a nations’ currency, how it can crash, and how to make billion dollars from that crash…Bessent is an international Tier 1 expert. Just saying…
Back to the point of the article…Why would Treasury Secretary Scott Bessent claim the K-shaped economy is “definitively over” when it is blatantly factually untrue?
Why would he, huh?
