Bessent Slams IMF - But Real Warning Was About the Dollar
In a calm, carefully crafted speech, U.S. Treasury Secretary Scott Bessent called out the IMF and World Bank for “mission creep” and demanded a return to their core mandates.
But if you were listening closely, this wasn’t about global institutions drifting off course. This was a coded warning: the dollar system is breaking, and the U.S. is scrambling to rewrite the rules before it loses control.
“We must make the IMF the IMF again.”
Subtext? We must make the dollar the dollar again.
From calls for “rebalancing” to appeals for “America First doesn’t mean America Alone,” Bessent is laying out the opening moves of Bretton Woods 2.0—a monetary reset framed as reform.
Meanwhile, dollar dominance continues to slip. The institutions once built to uphold U.S. leadership no longer appear fully aligned. And nowhere in the speech did Bessent mention gold—yet its absence speaks volumes.
“You can’t restore trust in a fiat system that’s lost it,” says Taylor Kenney in ITM Trading’s latest breakdown. “You can’t make the IMF or the dollar what they once were… unless gold is part of it.”
This wasn’t just a policy talk. It was the quiet prelude to a global reset.
Follow Tayor on X: Taylor Kenney
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