In a Forbes article the following was written:
"The speculation bothered Treasury Secretary Scott Bessent, who claimed that Deutsche Bank’s CEO called him personally to apologise for a note published by his institution over the weekend, which suggested European investors may vote with their feet in response to Trump’s threats. Deutsche’s note was one of many that suggested Treasuries could be used to right-size Trump’s plan, including UBS’s Paul Donovan who suggested Uncle Sam’s deficits were the nation’s “Achilles Heel.”"
The DB CEO apologised because he knows the Trump administration will seek retribution on anybody who dares sell the USD. Leaving the issue aside of the current administration it had me thinking, that the financial institutions best served would the ones who don’t have anything to do with the USD and its tentacles. As an example Saxobank is not affected by American policy and out of the reach of the US government.
But what about global financial institutions? Are there any that anybody can think of? I would like get several names for value investing that have very little to do with the US system.
My thesis is that the Trump administration will force the financial industry to buy treasuries in an attempt to quell the deficit issues.