{"id":6471,"date":"2026-08-20T16:39:29","date_gmt":"2026-08-20T16:39:29","guid":{"rendered":"https:\/\/propertyrelocationusa.com\/?p=6471"},"modified":"2026-08-20T16:39:29","modified_gmt":"2026-08-20T16:39:29","slug":"treasury-chief-dubbed-amoral-greedmonster-as-unbearably-dumb-admission-spurs-uproar","status":"publish","type":"post","link":"https:\/\/propertyrelocationusa.com\/?p=6471","title":{"rendered":"Treasury chief dubbed ‘amoral greedmonster’ as ‘unbearably dumb’ admission spurs uproar"},"content":{"rendered":"
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Treasury Secretary Scott Bessent was presented a real head-scratcher on Thursday, he admitted at a press conference. <\/p>\n

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“We’ve got a spike in oil prices today that I don’t really understand,” Bessent said during a White House address.<\/p>\n

Bessent made this bold claim as the international price benchmark for oil rose 2.4 percent to reach $93.78 per barrel just before noon, Thursday, according to CNBC. <\/p>\n

Oil prices reached their highest level in more than three weeks earlier this week after Iran pledged the Strait of Hormuz would remain closed, Reuters reported on Tuesday. <\/p>\n

On Wednesday, President Donald Trump took to Truth Social to threaten that he would announce the \u201cMOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY!\u201d<\/p>\n

When Politico’s Dasha Burns requested comment on the threat from a source inside the White House, she was told that Trump has decided to move away from military escalation and toward economic pressure.<\/p>\n

“That means Treasury Secretary Scott Bessent is more involved in the war than Defense Secretary Pete Hegseth at this point,” Burns explained. <\/p>\n

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Yet, despite his position of power as both a war advisor and the leader of the department that balances (or tries to) the budget of the U.S. government, Bessent admitted he couldn’t understand how continuing hostilities against a country that controls the Strait of Hormuz, one of the world’s primary waterway passages for the oil trade, would cause oil prices remain high.<\/p>\n

This left viewers scratching their heads, too. <\/p>\n

“Feels like it\u2019s his job to know,” replied political commentator Chris Robinson, “but I understand Bessent is just a humble soybean farmer who\u2019s estimated worth is half a billion dollars,.”<\/p>\n

Another political commentator, Jim Stewartson argued that it was a question of intelligence.<\/p>\n

“In addition to being an amoral greedmonster, ” he wrote, “Scott Bessent is unbearably dumb.”<\/p>\n

But HFI Research, whose substack on energy policy reaches roughly 19,000 readers, argued it was a question of honesty, writing, “If you are going to lie, at least try.”<\/p>\n

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