Call Me Stormy

Finding righteous currents in turbulent times

Archive for the tag “Main Street”

It’s Main Street’s Turn!

That, pretty much sums up Treasury Secretary Scott Bessent’s views on the new round of trade tariffs being imposed by the administration of President Donald Trump. Wall Street has enjoyed bumper profits, but Main Street has suffered over the past 20 years, particularly as  imports from Communist China has flooded the marketplace.

Now, the United States will begin to rebuild its industrial and manufacturing industries, focusing on those industries that have been shown to have supply-side problems. Those include pharmaceuticals, semiconductors, steel and ship building, all of which raise flags as national security issues.

Here, Bessent talks over the tariffs with Tucker Carlson.

DTCC Major Wall St. Culprit

The Depository Trust and Clearing Corporation (DTCC) is the real culpit in the illegal manipulation of Wall Street. A self-governing organization, the DTCC is able to thumb its nose at the SEC, and is basically responsible for covering up all the stock transactions that fail to settle. For example, if Wall Street sells stock to a pension fund or individual investor and the stock isn’t delivered, the DTCC covers it up like it never happened.

Says Robert David Steele, “What it boils down to, is the DTCC is at the heart of gutting the American economy, of gutting American pension funds, of killing companies with life-saving technologies, just because you can profit from their death.” He adds the sinister DTCC also was prominent in undermining President Trump’s effort to reboot the economy in the wake of the disastrous COVID-19 pandemic. Here’s more from Stephen E. Arnold and Steele, who says he’s part of a team who has documented that more than $100 million has been stolen from Main Street, America.

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