Treasury Secretary Scott Bessent Reveals $250 Bill With Trump's Face On It, Says 'There Will Be No Central Bank Digital Currency'
“There is proposed legislation in front of the House, in front of the Senate to change the [law] so that a living person, Donald J. Trump, could be on a $250 bill."
In a meeting with press reporters at the White House, Treasury Secretary Scott Bessent discussed pieces of economic data and achievements by this administration, particularly emphasizing the soon launch of Trump Accounts in July. Today, the Treasury officially launched an app for enrollees to access their funds and watch their investments grow.
“The Trump Administration is taking another step forward in expanding opportunity for American families. The Trump Accounts app delivers a simple, secure way for households to begin engaging with a program designed to build long-term financial strength from day one,” said Treasury Secretary Scott Bessent. “By putting easy access to Trump Accounts directly in the hands of parents and young Americans, we are helping to ensure that America’s youth are included in this new era of economic participation.”
The Trump Accounts have received high praise from the likes of BlackRock CEO Larry Fink, whose asset management firm is helping contribute some money to the fund.
But what drew the most attention from Bessent’s meeting with the media was the unveiling of a limited edition $250 note with President Donald J. Trump’s face and signature on them, first reported by The Washington Post.
When asked questions about this new potential bill, Bessent said that there are bills being discussed in the House and Senate to change the law to allow a sitting U.S. President to appear on the currency, adding that the Treasury has created these mock-ups in advance, but they will stick to the law if these bills are not passed.
“There is proposed legislation in front of the House, in front of the Senate to change the [law] so that a living person, Donald J. Trump, could be on a $250 bill.
“At Treasury, we prepare things in advance. So we have prepared in advance that if the legislation is passed, but we will stick to the law.”
When asked to give his personal feelings on the matter, Bessent did not answer the question.
Pressed by CNN’s Kaitlin Collins if politically this is a wise decision to do if the law is changed, at a time “when people are struggling to afford gas and groceries?” Bessent asked in response, “Do you think we should have a 250th anniversary celebration?” Collins said that that is happening anyway, but Bessent replied, “I don't think that there's anything untoward about having the person who is president of the United States on the 250th anniversary bill.”
In March, Bessent and Treasurer Brandon Beach revealed that the department will include President Donald J. Trump’s signature on new currency bills later this year to celebrate America’s 250th birthday, The WinePress reported at the time.
Beach shared a Reuters article on X at the time that provided a little more insight into the move:
The first $100 bills with Trump’s signature and that of U.S. Treasury Secretary Scott Bessent will be printed in June, followed by other bills in subsequent months. The new bills may take several weeks to circulate through banks.
The Treasury is still producing notes bearing the signatures of former President Joe Biden’s Treasury secretary, Janet Yellen, and former Treasurer Lynn Malerba.
Interestingly enough, the Trump administration last year stopped minting pennies in an effort to allegedly cut useless spending.
Bessent said at the time, “As we continue to improve efficiency across the government and deliver on President Trump’s campaign promises, this milestone will save American taxpayers upwards of $56 million per year in production costs alone.”
Also at the press conference, Bessent was asked about central bank digital currencies (CBDCs) and how they could be used to “track people’s spending,” a reporter asked, inquiring what the administration’s stance is on that and what steps are they taking to protect Americans’ financial privacy.
Bessent said that the U.S. will not have a CBDC, acknowledging the tracking aspect, but he did briefly tout the GENIUS Act and the CLARITY Act that is currently making its way through the Senate that legalizes a digital dollar in the form of a stablecoin and guardrails for these stablecoins. Bessent added “the most important thing we can do is to make digital assets come into the United States.”
AUTHOR COMMENTARY
So we have to get rid of the penny to allegedly save money on production costs, but printing $250 bills are fine? In other words, get ready for some Weimar-style inflation…
Putting aside the blatant hubris and narcissism on display once again by Trump and this administration, presuming this passes, this is purely about creating deliberate inflation. We’ve talked about and detailed before that the mission of governments and central banks, not just the United States, is to inflate the currency by any means necessary as a means to force the transition into CBDCs and stablecoins and tokenized assets. Period. That’s why the Treasury scrapped the penny, and it is why they are now printing new bills with Trump’s signature on them, and now very likely to print new $250 bills.
Yet another sign that the empire is at an end as we gear up for one last giant round of money printing.
Proverbs 22:7 The rich ruleth over the poor, and the borrower is servant to the lender.
Speaking of Bessent’s remarks on CBDCs — this is a total ruse and deception. Bessent’s comment is for the casuals and the MAGA crowd that is not paying attention.
It’s twofold. First of all, the Genius Act provides a federal framework for stablecoins, which are the same thing as CBDCs but privatized: they function identically to a CBDC, programmability and surveillance and all; and if anything, some would argue that it is even worse than a conventional CBDC.
Number 2, Trump’s recently hand-picked Federal Reserve Chair Kevin Harsh has a history promoting CBDCs, and would not totally 100% shut the door on them during his confirmation hearing. SEE:
Besides, are we going to trust this Soros sodomite to tell us the truth? If he says no CBDC, then the opposite is most likely true.
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$250 Drump bill for a loaf of bread in October.
Be sure to run out and get your useless $250 bill. You might be able to use it for toilet paper once the reset happens thanks to the energy and food shortages to follow. Don’t forget the next plandemic ramping up speed. Then we have WW3 to worry about. But don’t worry go shopping like Bush told the USA after 9/11.
The no CBDC is an out right fraud. Imagine that. They have already instituted one through the Genius Act where they created private digital tokens aka stable coins issued by the likes of Amazon, Chase, etc. all backed by the US debt market.
Always remember if this government opens its mouth they are spewing lies.