⬆️ @Stinson_108
I don't believe #Trump is planning to go into #insurance as a legitimate "business".
The thinking behind "circular" #DFCInsurance program is that shippers will buy supplemental insurance from #DFC, with initial premium money going into the pool of $20B, with the presumption that there will be be lots of buyers who sign up, but losses will happen gradually, giving skimmers time.
Meanwhile, #Iran war will continue, munitions manufactured, #defense contractors paid, and so on
⬆️ >> Lots of #financial shenanigans afoot with #DFCInsurance they "already anticipated… because #Lloyds does call #ForceMajeure and the policies drop away…"
Watch his fingers go round and round as he says "circular".
Looks like a $20B circular #insurance #Ponzi scheme for #oil tankers that #Trump has planned to sell to shippers and skim from because he knows that Lloyds of #London will refuse to pay.
Remember the $4B insurance payout after 9/11 #terrorist attacks?
⬆️ >> Read between the lines
Lots of #financial shenanigans afoot with #DFCInsurance which they had "already anticipated… because #Lloyds does call #ForceMajeure and the policies drop away… and $20B in #insurance for tankers… will be enough to ensure a CIRCULAR insurance program"
Watch his fingers go round and round as he says "circular".
#Bessent says "I'm not keeping the running cost… but the PUBLIC number was $11B thus far."
Wonder what's the actual private number
https://bsky.app/profile/paleofuture.bsky.social/post/3mgvyt3glhk26
Here's a clip from the longer interview where Bessent is asked about oil prices and getting called to the Situation Room. "That was always in our planning, that there's the chance that U.S Navy or perhaps an international coalition will be escorting oil tankers through." youtu.be/zq_L011kMLs
Ramesh #NotGoingBack