Scott Bessent, a hedge fund billionaire and longtime partner of globalist and currency speculator George Soros, is expected to become the next U.S. Treasury secretary after being nominated by Donald Trump.
“He will help me usher in a new Golden Age for the United States”, the president-elect himself announced.
Bessent, who founded the investment firm Kew Square Capital Management, is considered one of Trump’s staunchest supporters in the financial world and is said to have become perhaps the president’s top economic adviser in recent months.
Although Bessent has supported Trump’s policies and economic proposals on global trade tariffs, many of the president-elect’s supporters are critical of the choice because of the hedge fund billionaire’s background – he has had a very close relationship for decades with George Soros, a person who is both unknown and heavily criticized in conservative circles.
The personal relationship with Soros began in the early 1990s when Bessent began working at the globalist’s investment firm, Soros Fund Management, according to Newsweek.
Bessent, who was said to have keen analytical skills and strategic thinking beyond the ordinary, also rose quickly in Soros’s network and soon gained great influence over Soros’s team in London.
Soros’ investment manager
During “Black Wednesday” in 1992, when Soros “broke the Bank of England” by speculating and betting against the British pound, Bessent is said to have played an absolutely decisive role and after that also started to be referred to as “Soros’ right hand man”.
The Swedish krona was also shorted and although Soros became a multi-billionaire as a result of his actions, they also led to widespread contempt and criticism from various quarters and contributed greatly to George Soros being seen by many as a bad actor.
Bessent also began to be seen as an increasingly important figure in the world of global finance, and in 2011 he became Chief Investment Officer (CIO) of the entire Soros Fund Management, overseeing billions of dollars in assets and directing the firm’s investment strategy.
In 2015, Bessent left the Soros firm to start his own hedge fund – but again, this was made possible with direct financial support from George Soros to the tune of $2 billion.
“Respected by everybody”
Although it is unclear what the private relationship between Soros and Bessent looks like today, Trump’s nominee for Secretary of the Treasury is said to have continued close ties to organizations and projects that Soros supports or funds in various ways.
It is also noteworthy that in the early 2000s, Bessent explicitly supported Democratic candidates such as Al Gore and Hillary Clinton, but in 2016 he began funding Republican campaigns instead, and eventually Trump’s campaign.
In recent years, the hedge fund billionaire has reportedly donated millions of dollars to various Republican campaigns and initiatives, which some have interpreted as a break with Soros and his more left-liberal and globalist agenda.
How did we go from Elon Musk saying he believes George Soros hates humanity…
To Trump picking Scott Bessent for Treasury Secretary who worked with George Soros?
I thought Elon had been advising the President? pic.twitter.com/z4PRZUPLzl
— Anna Matson (@AnnaRMatson) November 23, 2024
Others are far more critical, arguing that Bessent’s track record makes him directly unfit to represent the U.S. in the role of Treasury Secretary and that he simply cannot be trusted.
However, Trump himself is convinced that the former Soros boss is the right choice, proudly stating that Bessent is “respected by everybody” in the financial world.
