The Money Fairy is going to save us — said Treasury Secretary Scott Bessent

© 2026 Peter Free

 

20 August 2026

 

 

Pillaging stooges in government

 

Evidently, this group of lying fools is having a Trump administration-wide contest to discover who among them can say the dumbest thing each day.

 

 

For example

 

Treasury Secretary Scott Bessent tossed in in his latest proof of reality-defying cluelessness, this way:

 

 

Treasury Secretary Scott Bessent on Thursday said the U.S. can “grow” its way out of the $40 trillion national debt, a milestone reached Wednesday.

 

“Well, I mean, look Sara, there’s nothing magic about the $40 trillion number, and we can grow our way out of that,” Bessent told “Squawk on the Street” co-host Sara Eisen on CNBC.

 

“But with the Section 301 tariffs, I am confident that we will be back to … the same level if not higher of tariff income for last year,” Bessent later told reporters in front of the White House . . . .

 

© 2026 Ryan Mancini, Bessent: US can ‘grow our way’ out of $40 trillion debt, The Hill (20 August 2026)

 

 

The Money Fairy works in mysterious ways

 

$40 trillion is already more than the US gross domestic product. Government debt is rising every day.

 

Meanwhile, the rest of the world is (equally rapidly) wriggling its way free from American dollars and Treasury bonds.

 

Nevertheless somehow, says Bessent, future tariff revenues (by themselves) are going to forestall the United States' economic collapse.

 

That statement makes no sense because We the People are the ones who are paying these tariffs (in the form of higher prices). And We the Nation are still not keeping up with Government debt.

 

 

In truth

 

The United States' financialized economic underpinnings, which are basically incapable of growing in real economic terms, are — implicitly and presumably, according to Bessent — going to miraculously fend off economic Armageddon by printing devalued money in an even faster fashion.

 

Weimar Republic, here we come.

 

 

The moral? — Pillaging baboons in high office

 

These avaricious apes have looted — and voluminously holed — the US ship of state.

 

Saltwater, sadly, is not good for the shimmering filaments that make up the Money Fairy's wings.