The Bessent Illusion: Another Suit to Steer a Ship That’s Already Sinking

The Real Con Job: “Who Should Run the Fed?”

The D.C.-Wall Street echo chamber is losing its collective mind over Scott Bessent—an Ivy-credentialed oracle of global macro voodoo—as Jerome Powell’s possible successor. Headlines tout his gravitas and calm demeanor. Bankers whisper about his “market instincts.” Politicians nod solemnly as if they’re picking a pope.

But here’s the cold, hard truth: debating who should run the Fed is like arguing who should be in charge of the Titanic’s wheel after it’s already hit the iceberg. The real question isn’t who should run the Federal Reserve—it’s why the hell it exists in the first place.

Central Planning in a Cheap Suit

Economies aren’t machines. They’re not aircraft carriers that a “wise technocrat” can gently steer through turbulent waters. They’re decentralized, spontaneous orders built on billions of voluntary decisions. The Fed? It’s the wizard behind the curtain—pulling levers, distorting signals, and conjuring artificial booms that always end in real busts.

And Bessent? He’s just another sorcerer’s apprentice.

Touted as a “global macro genius,” Bessent is precisely the sort of bureaucratic alchemist the establishment loves—fluent in models, fluent in market whispers, and fluent in the language of plausible deniability. His ascendancy would be more of the same: monetary manipulation masquerading as strategy, bailouts branded as stability, and price-fixing repackaged as policy.

The “Shadow Chair” Is Not a Joke. It’s a Nightmare.

Now comes the kicker: Bessent has floated the idea of a “shadow Fed Chair”—a backroom consigliere to the real Chair, whispering sweet nothings into the market’s ear.

Let that sink in.

They’re not even pretending anymore. The Fed has become so untethered from market reality, so obsessed with narrative control, that it’s entertaining the idea of ghost operatives. This isn’t monetary policy. It’s information warfare. It’s BlackRock meets the CIA.

Imagine two competing voices—one official, one shadow—trying to “guide expectations” with carefully leaked statements and market cues. It’s not just absurd. It’s dangerous. It turns capital markets into Potemkin villages—fake facades hiding systemic rot.

Why Wall Street Drools Over Bessent

Wall Street’s love affair with Bessent isn’t about competence. It’s about control. They see in him a man who speaks their dialect of distortion. They crave a central bank that won’t let markets correct, that will pump liquidity at every hiccup, that will prop up asset prices while the real economy gasps for air.

Bessent is fluent in this game. He’ll continue the drug drip—easy credit, rate tweaks, asset inflation—just enough to keep the casino open while pretending it’s all under control.

But let me be clear: this is not “stability.” It’s a slow-motion implosion. Controlled demolition under the flag of Keynesian orthodoxy.

Burn the Throne, Don’t Crown Another King

Here’s the red pill: the Fed isn’t broken. It’s functioning exactly as intended—siphoning wealth from the productive to the connected, masking insolvency with cheap money, and papering over every policy failure with printed dollars.

You don’t fix that by replacing Powell with Bessent, or Bessent with Brainard. You fix it by dismantling the illusion entirely.

End the Fed. Return to sound money—money that no bureaucrat, shadow chair, or spreadsheet-wielding oracle can manipulate. Gold. Bitcoin. Shells and shiny rocks would be better than this fiat garbage fire.

Until we abandon the notion that markets need managers, we’ll keep crashing into the rocks. And no amount of diplomas or decorum will stop what’s coming.

Take Action Before the Next Collapse

Don’t wait for Bessent or his ilk to “save” you. They’re not here to help. They’re here to manage the decline.

👉 Download “Seven Steps to Protect Yourself from Bank Failure” by Bill Brocius now: https://example.com/seven-steps?utm_source=derekwolfe

Get informed. Get armed. And get out of their system before it collapses under the weight of its own delusion.