{"id":2509903,"date":"2025-11-12T20:16:01","date_gmt":"2025-11-13T01:16:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/watch-scott-bessent-goes-cutthroat-and-exposes-msnbc-host-as-clueless-with-1-question-do-you-know-what-a-swap-line-is\/"},"modified":"2025-11-12T20:18:03","modified_gmt":"2025-11-13T01:18:03","slug":"watch-scott-bessent-goes-cutthroat-and-exposes-msnbc-host-as-clueless-with-1-question-do-you-know-what-a-swap-line-is","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/watch-scott-bessent-goes-cutthroat-and-exposes-msnbc-host-as-clueless-with-1-question-do-you-know-what-a-swap-line-is\/","title":{"rendered":"Watch: Scott Bessent Goes Cutthroat and Exposes MSNBC Host as Clueless With 1 Question: &#8220;Do You Know What a Swap Line Is?&#8221;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">44<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwatch-scott-bessent-goes-cutthroat-and-exposes-msnbc-host-as-clueless-with-1-question-do-you-know-what-a-swap-line-is%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2509903&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Treasury Secretary Scott Bessent explained on MSNBC that the recent $20 billion U.S. currency swap with Argentina was financially beneficial to the United States. The swap aimed to stabilize Argentina&#8217;s volatile peso ahead of it&#8217;s midterm elections. During the interview, Bessent clarified the nature of a currency swap, rejecting the characterization of the move as a bailout, emphasizing that unlike typical bailouts, the U.S. government profited from the arrangement. He highlighted that stabilizing Argentina&#8217;s economy helps create strategic allies in Latin America and presents a generational prospect for partnership. Bessent also defended the U.S. economic outlook, noting that inflation is decreasing due to former President Trump&#8217;s policies, including tariff measures that helped reduce the federal deficit after rising under President Biden. bessent argued the swap and current <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-caught-lying-about-buy-american-plagiarizing-president-trump\/\" title=\"Biden caught lying about \u2018Buy American\u2019, plagiarizing President ...\">economic policies<\/a> ultimately benefit American taxpayers and the U.S.economy.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><script>console.log(\"ad slot (REP_0)\")<\/script><script>console.log(\"ad slot (REP_1)\")<\/script><\/p>\n<p>Treasury Secretary Scott Bessent informed MSNBC co-host Jonathan Lemire on Tuesday of the most salient point regarding the United States&rsquo; decision to engage in a currency swap last month with Argentina: America benefited financially.<\/p>\n<p>Argentina&rsquo;s peso was fluctuating wildly going into the country&rsquo;s midterm election, so the United States announced in mid-October that it would have a $20 billion currency swap to stabilize the market, <a href=\"https:\/\/www.theguardian.com\/world\/2025\/oct\/20\/argentina-us-currency-swap-bailout\" target=\"_blank\" rel=\"noopener\">The Guardian<\/a> reported.<\/p>\n<p>On Tuesday, MSNBC&rsquo;s &ldquo;Morning Joe&rdquo; co-hosts <a href=\"https:\/\/www.youtube.com\/watch?v=8xVjrqwAiUI\" target=\"_blank\" rel=\"noopener\">peppered Bessent<\/a> with several questions about affordability, arguing that the Trump administration has not brought costs down fast enough, which increased significantly under President Joe Biden.<\/p>\n<p>Bessent responded that the cost of gasoline, mortgages, and other items has fallen significantly and will continue to do so in relation to wages as Trump&rsquo;s economic policies take hold.<\/p>\n<p>Lemire then asked the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/donald-trump-ends-negotiations-with-nancy-pelosi-on-coronavirus-relief\/\" title=\"Donald ... Ends Negotiations with Nancy Pelosi on Coronavirus Relief\">treasury secretary<\/a>, &ldquo;How does a $20 billion bailout of Argentina help Americans?&rdquo;<\/p>\n<p>  <script> console.log(\"A\/B Test Video Player\"); \/\/ Helper function to set a cookie function setVideoCookie(name, value, days) {     var expires=\"\";     if (days) {         var date=new Date();         date.setTime(date.getTime() + (days*24*60*60*1000));         expires=\"; expires=\" + date.toUTCString();     }     document.cookie=name + \"=\" + (value || \"\")  + expires + \"; path=\/\"; }  \/\/ Helper function to get a cookie function getVideoCookie(name) {     var nameEQ=name + \"=\";     var ca=document.cookie.split(';');     for(var i=0; i <ca.length; i++) {         var c=ca[i];         while (c.charAt(0)==' ') c=c.substring(1,c.length);         if (c.indexOf(nameEQ)==0) return c.substring(nameEQ.length,c.length);     }     return null; }  \/\/ Function to determine or retrieve the split test group function assignSplitTestGroup() {     var group=getVideoCookie('splitTestGroup'); 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        observeElement(paragraphToObserve);     }); }  \/\/ stn function stnPlayer() {     \/\/ may want to pass in         document.addEventListener(\"DOMContentLoaded\", function() {         function loadScript(src) {             const script=document.createElement(\"script\");             script.src=src;             script.async=true;             document.body.appendChild(script);         }         function findPreviousParagraph(selector, x) {             const targetElement=document.querySelector(selector);             if (!targetElement) {                 console.warn(\"Target element not found.\");                 return null;             }              \/\/ Get all <\/p>\n<p> elements in order as they appear in the document             let paragraphs=Array.from(document.querySelectorAll(\"p\"));              \/\/ Find the index of the last <\/p>\n<p> before the target element             let targetIndex=paragraphs.findIndex(p=> p.compareDocumentPosition(targetElement) & Node.DOCUMENT_POSITION_PRECEDING); 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        }          \/\/ Add custom styles for STN player         const style=document.createElement('style');         style.textContent=`         #videoPlayer {             min-height: 460px;             margin-bottom: 10px;         }         @media only screen and (max-width: 780px) {             #videoPlayer {                 min-height: 200px;             }         }         `;         document.head.appendChild(style);          \/\/ Add needed div for STN player         const stnDiv=document.createElement(\"div\");         \/\/ add data-stn-player attribute         stnDiv.setAttribute(\"data-stn-player\", \"s28Az7AY\");         document.getElementById(\"videoPlayer\").appendChild(stnDiv);           \/\/ Find the 1st paragraph before #videoPlayer and observe it         let paragraphToObserve=findPreviousParagraph(\"#videoPlayer\", 2);         observeElement(paragraphToObserve);     }); }  \/\/ Assign user to a group window.adUserGroup=assignSplitTestGroup(); let isSubbed=getCookie( 'ff_subbed' ); 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Sec. Scott Bessent just SCHOOLED Fake News MSNBC anchor on how the US MADE MONEY on Argentina.<\/p>\n<p>MSNBC: &ldquo;How does a $20 billion bailout of Argentina help Americans?&rdquo;<\/p>\n<p>BESSENT: &ldquo;Do you know what a swap line is?&rdquo;<\/p>\n<p>MSNBC: &ldquo;It&rsquo;s a currency swap. Yes.&rdquo;<\/p>\n<p>BESSENT: &ldquo;But what&hellip; <a href=\"https:\/\/t.co\/yQhF1Ie5tr\">pic.twitter.com\/yQhF1Ie5tr<\/a><\/p>\n<p>&mdash; The Patriot Oasis&trade; (@ThePatriotOasis) <a href=\"https:\/\/twitter.com\/ThePatriotOasis\/status\/1988230391174427038?\">November 11, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&ldquo;It&rsquo;s a currency swap. Yes,&rdquo; Lemire answered.<\/p>\n<p>&ldquo;But what is that? Bessent asked.<\/p>\n<p>&ldquo;You&rsquo;re the treasury secretary, sir,&rdquo; Lemire replied, basically admitting he may not really know what a currency swap is.<\/p>\n<p>&ldquo;Why would you call it a bailout?&rdquo; the <a href=\"https:\/\/amzn.to\/3YuVZYV\" >treasury secretary queried<\/a>.<\/p>\n<p>&ldquo;In most bailouts, you don&rsquo;t make money. The U.S. government made money. We used our financial balance sheet to stabilize the government,&rdquo; Bessent continued.<\/p>\n<p>He noted that Argentine President <a href=\"https:\/\/www.westernjournal.com\/president-argentine-president-javier-milei-trump-interaction-goes-viral-cpac\/\" target=\"_blank\" rel=\"noopener\">Javier Milei&rsquo;s<\/a> government is a friend of the United States.<\/p>\n<p>&ldquo;We have a generational opportunity in Latin America to create allies,&rdquo; Bessent argued.<\/p>\n<p>Further, &ldquo;By stabilizing the economy there and making a profit, then that&rsquo;s a very good deal for the American people,&rdquo; he said.<\/p>\n<p>Earlier in the <a href=\"https:\/\/www.youtube.com\/watch?v=8xVjrqwAiUI\" target=\"_blank\" rel=\"noopener\">interview<\/a>, Bessent explained regarding affordability in the U.S., &ldquo;We inherited a mess. It was the worst inflation in 40 or 50 years &hellip; Where was the discussion during [the presidency of] <a href=\"https:\/\/www.westernjournal.com\/elon-musk-lays-exact-cause-inflation-harris-walz-exacerbate-problem\/\" target=\"_blank\" rel=\"noopener\">Joe Biden<\/a>? Because during the Biden era, it was complete gaslighting.&rdquo;<\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/8xVjrqwAiUI?si=OkHXXB4OuLY28eTe&amp;start=660\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Regarding the new tariffs imposed by Trump, the secretary said, &ldquo;They brought down the budget deficit, and MIT came out with a study that said that 42 percent of the great inflation [under Biden] was caused by the big deficit spending. So as you bring down deficit spending, inflation will come down.&rdquo;<\/p>\n<p>In fact, just a few months into his administration&rsquo;s new <a href=\"https:\/\/www.westernjournal.com\/trumps-tariffs-working-advertised-trade-deficit-plummets-record-amount-april\/\" target=\"_blank\" rel=\"noopener\">tariff policy<\/a>, Trump was able to <a href=\"https:\/\/www.westernjournal.com\/trumponomincs-working-promised-deficit-falls-revenues-go\/\" target=\"_blank\" rel=\"noopener\">reverse the trend<\/a> of increasing deficits under Biden.<\/p>\n<p>In 2022, the <a href=\"https:\/\/fiscaldata.treasury.gov\/americas-finance-guide\/national-deficit\/\" target=\"_blank\" rel=\"noopener\">deficit<\/a> was $1.38 trillion, and in 2023 $1.7 trillion, and in 2024, $1.83 trillion.<\/p>\n<p>This fiscal year, which ended in September, the deficit was $1.78 trillion. In January, the Congressional Budget Office had projected the deficit would be <a href=\"https:\/\/www.cbo.gov\/publication\/61195\/html\" target=\"_blank\" rel=\"noopener\">$1.9 trillion<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">After being projected to grow to $1.9 trillion in January, the federal deficit actually fell this past fiscal year following substantial increases during Biden&rsquo;s last two years in office, per <a href=\"https:\/\/twitter.com\/USTreasury?\">@USTreasury<\/a> figures. <a href=\"https:\/\/t.co\/BMPnHp5NEY\">pic.twitter.com\/BMPnHp5NEY<\/a><\/p>\n<p>&mdash; Randy DeSoto (@RandyDeSoto) <a href=\"https:\/\/twitter.com\/RandyDeSoto\/status\/1988473608461803762?\">November 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Total revenue to the federal treasury for fiscal year 2025, which ended on Sept. 30, was <a href=\"https:\/\/fiscaldata.treasury.gov\/americas-finance-guide\/national-deficit\/\" target=\"_blank\" rel=\"noopener\">$5.23 trillion<\/a> versus fiscal year 2024&rsquo;s <a href=\"https:\/\/fiscaldata.treasury.gov\/americas-finance-guide\/\" target=\"_blank\" rel=\"noopener\">$4.92 trillion<\/a>, so over a $300 billion increase, which can be attributed partly to tariff revenue and a growing economy.<\/p>\n<p>So <a href=\"https:\/\/www.westernjournal.com\/trumponomincs-working-promised-deficit-falls-revenues-go\/\" target=\"_blank\" rel=\"noopener\">Trumponomics is working<\/a> and just getting started, no doubt to the chagrin of MSNBC.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! 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With Argentina&#8217;s peso experiencing extreme volatility ahead of its midterm election, the U.S. announced in mid-October a $20 billion currency swap aimed at stabilizing the market<\/p>\n","protected":false},"author":1,"featured_media":2509904,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/11\/Jonathan-Lemire-vs-Bessent.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[58306,6234,3746,48678,66987],"class_list":["post-2509903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-financial-markets","tag-interview","tag-msnbc","tag-scott-bessent","tag-swap-line"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/11\/Jonathan-Lemire-vs-Bessent.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2509903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2509903"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2509903\/revisions"}],"predecessor-version":[{"id":2509907,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2509903\/revisions\/2509907"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2509904"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2509903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2509903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2509903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}