Full transcript
The Midweek Update - Bessent: “Cut the snake’s head off” – But Who is the Real Target? - September 2, 2026
0:00When Larry Kudlow called Scott Bessent
0:02the best wartime Treasury Secretary, I
0:05don't think he expected Bessent to
0:06target the war where he did.
0:08>> We are tracking down the IRGC's assets,
0:12and I will say it on worldwide TV, just
0:14so you know, we know they are where in
0:18the British Virgin Islands your accounts
0:20are, at these trust companies.
0:22>> Do a quick political geography check.
0:25Who runs the BVI? And who runs these
0:27trust companies? Now, hold that question
0:30and go back to the Kudlow interview,
0:32where Bessent reached back to his South
0:34Carolina childhood to make this point.
0:36>> We'd end up with a lot of poison snakes
0:38in the yard.
0:40And you would take either a rake or a
0:43machete or
0:46a paddle from a boat, and you'd cut the
0:47head off.
0:48>> Mhm.
0:49>> But the snake, the tail kept wiggling.
0:52And you had to bury the head of the
0:53snake.
0:54>> Larry Kudlow heard that and figured
0:56Bessent was only talking about the IRGC,
0:59but was he? Or is this wartime Treasury
1:02Secretary naming something a lot bigger
1:04than Iran? Now, as this show is being
1:06recorded, President Trump is updating
1:08the nation on the military situation
1:10with Iran. But today, we're looking at
1:13the other battlefields in that larger
1:15war. I'm Susan Kokinda, and I've tracked
1:18this larger fight for decades, so you
1:20don't have to start from zero. Here's
1:21what I'm covering today. First, the
1:23dirty money machine that Bessent just
1:25named on live TV, and who actually owns
1:28it. Second, who's on the outside of the
1:31new Middle East order that Donald Trump
1:33is creating. And third, the fight at the
1:36G20 over who's being let back inside.
Whose Islands? The Money Machine
1:40So, let's answer the question that we
1:42asked at the outset.
1:43Since the name gives it away, you should
1:45have guessed the British Virgin Islands
1:47are British Overseas Territories, ruled
1:50by King Charles, under British law, and
1:53with a governor appointed in London. So,
1:55this is not some tropical loophole.
1:58This is the shell company capital of the
2:00world. At its peak, the BVI had more
2:04registered companies than people.
2:07They had hundreds of thousands of
2:08companies for 30,000 residents. And it
2:11is one of the nodes of the great
2:13offshore haven of the city of London
2:15cultivated starting with the Cayman
2:17Islands in the 1960s.
2:19The Caribbean was turned into a black
2:22money laundromat by its former colonial
2:24masters. And those enormous dirty
2:27financial flows have been the key in
2:30propping up the current globalist
2:32system.
2:33The Trump administration has hit at that
2:35operation hard. They've gone after the
2:37drug cartels and after Maduro.
2:40But it kind of stayed in the shadows.
2:42Yesterday, Scott Bessent dragged it out
2:45into the open stressing that he was
2:47saying it on worldwide TV, just so you
2:50know.
2:52And to leave nothing to the imagination,
2:54he added this.
2:55>> We are going to our partners, we are
2:57going to close all of that down. So,
3:00after 47 years, it is over. And we are
3:05telling people either you are with us or
3:07against us.
3:08>> Bessent was telling our partners,
3:10"We have the ledgers of these shell
3:12companies and you can't hide anymore."
3:15That is not just a threat to Iran.
3:18That's a threat to the system
3:20that holds Iran's money and everybody
3:22else. Bessent's warning follows
3:24Treasury's new campaign. 60 entities
3:27have been put on notice to clean up or
3:29be cut off.
3:30And the single location with the most
3:32targets, Hong Kong,
3:34which has been under Chinese political
3:36control, but is still officially running
3:39on the British financial structure that
3:41Britain built and never dismantled. It's
3:44the same model as the BVI on the other
3:46side of the world. But this isn't just
3:49about the Caymans or Hong Kong or even
3:51Iran. It's about a complete strategic
3:54realignment.
3:56And Interior Secretary Doug Burgum
3:58described it.
3:59>> And so it's it's really nothing short of
4:01actually shifting the geopolitical
4:03center of of the of the the global
4:06energy markets away from these choke
4:08points like in the Middle East and
4:10moving it back to the Western
4:12Hemisphere.
4:13>> Shifting the geopolitical center away
4:15from choke points. This is the entire
4:18imperial model. The offshore money
4:20machine, the energy choke points, the
4:23wars that continually feed both of them.
4:26That is the system that is being
4:28targeted. That's the head. The money is
4:31the venom.
4:32So, if you want to stay in the loop and
4:34follow this battle against the imperial
4:36system, subscribe to Promethean Action's
4:39free newsletter. The link is in the
4:40description. Now, as for those wars that
4:43have fed the empire so ably over the
4:46decades,
4:47the Mideast is one of the regions that
4:49has suffered the most under this forever
4:52war model. For 80 years, Washington
Who’s on the outside in the Mideast
4:55enforced the imperial game in the
4:57region.
4:58This is where the neocon regime change
5:00operations came from. Implemented by
5:03London's radical Islamist proxies, which
5:06toppled government after government.
5:09Syria was one of the last. A stable
5:12government which had full freedom of
5:14religion was demonized, sanctioned, and
5:17destabilized.
5:18And one of the destabilizers,
5:20Al-Shabaab, became its leader.
5:23Last November, Donald Trump invited him
5:26to the White House.
5:27And recently, Trump suggested that Syria
5:30might do a better job than Israel in
5:32stopping Hezbollah in Lebanon.
5:35And last week, the State Department
5:37officially lifted sanctions on Syria.
5:41Marco Rubio put it this way. Lifting
5:43sanctions on Syria will unlock
5:45international trade and investment, give
5:47Syria a chance to rebuild, and open up a
5:50new chapter for the Syrian people. A
5:52stable, unified Syria at peace with
5:55itself and its neighbors benefits not
5:57only the region, but the entire world.
6:00The only thing it doesn't benefit is
6:02Britain's great game. And that great
6:04game is losing ground elsewhere.
6:07Last month, Saudi Arabia, Turkey, and
6:09Pakistan formalized the Mecca joint
6:12defense alliance. A mutual defense pact
6:15between three of the biggest military
6:17powers in the region.
6:19Three Muslim nations building their own
6:21security block on their own terms.
6:24Israeli political figures and press
6:26expressed concern. The Jerusalem Post
6:29warned that anti-Israel statements of
6:32the emergent alliance between Saudi
6:34Arabia, Turkey, and Pakistan are not
6:37just rhetoric. Now, the British
6:39government was uncharacteristically
6:42silent about this.
6:44But Donald Trump welcomed it with this
6:47post.
6:48Very happy to see that Saudi Arabia,
6:50Turkey, and Pakistan have recently and
6:53finally signed the Mecca joint defense
6:56agreement. It shows how the Middle East
6:58is coming together.
7:00This is a big, bold, and important first
7:03step. Wow. Now,
7:06the
7:07establishment's foreign policy think
7:09tank, the Council on Foreign Relations,
7:12tried to spin it with this headline.
7:14US-led Middle East order is over.
7:18But it's not the US-led order that's
7:20over, it's the empire's.
7:23And nowhere is that clear than in the
7:25Israel-Palestine conflict. Since the
7:28creation of Israel, forces in that
7:30country have played their role on
7:32Britain's Mideast chessboard. Along with
7:34their counterparts in the
7:36British-created Muslim Brotherhood and
7:38other British-fostered terrorist groups.
7:40That is the policy of perpetual
7:42religious warfare, which Donald Trump
7:45began to challenge with the Abraham
7:46Accords in his first term.
7:49Take the proxies off the board and
7:51create the conditions for Israel to be
7:53secure in its existence
7:55and for Arab and Muslim nations to be
7:57free of extremist groups operating on
7:59their territory and for everybody to
8:02prosper.
8:03The president resumed that mission in
8:05his second term. Then came October 7th
8:08and the destruction and killing began
8:10again. So, Donald Trump created the
8:12Board of Peace, an association of 60
8:15nations committed to ending the violence
8:17in Gaza, ensuring security for Israel,
8:21and rebuilding Gaza.
8:23Under that framework, Hamas has agreed
8:25to disarm.
8:26Now, anybody with any knowledge of this
8:28area knows that even agreeing to disarm
8:31is a breakthrough
8:32and that it came about due to the
8:33economic strangulation of the IRGC,
8:37which has been the main source of money
8:39for Hamas.
8:41So, who is blocking further progress in
8:43Gaza? Is it Hamas? The Board of Peace
8:46Director General Mladenov nailed it when
8:49he said this.
8:51These strikes do not change the status
8:54quo that produced 7 October 2023.
8:58They preserve it. Now, the status quo
9:01that produced October 7th is exactly
9:04what the British want to maintain.
9:06The arrangement where the United States
9:07and Israel in lockstep each play their
9:10role in perpetual conflict. And this is
9:13what has fed the narrative hyped by
9:15social media and which dominates the
9:17Tucker Carlson Candace Owens universe
9:20that Israel runs Donald Trump.
9:23And I'm sure the bots will go overtime
9:25in the comments when this show is
9:27posted. Well, last week in London,
9:30Chatham House hosted a seminar entitled
9:33Iran, Gaza, Trump, and Netanyahu,
9:37understanding the Middle East's crisis.
9:40There on the stage of Britain's premier
9:42foreign policy think tank, Israeli
9:45politician and journalist Ksenia
9:48Svetlova laid out the new reality.
9:51>> Israel lost the ability to initiate
9:54anything in this regard. This is the
9:55most important thing. Something that
9:57Israel did enjoy before this war and now
10:00it seems that the decision-making is
10:02solely in the hands of Donald Trump, the
10:04president of the United States, not
10:05Israel.
10:07>> That is a really important point.
10:08>> From a Chatham House podium, the
10:10admission that one of the empire's
10:12proxies is no longer calling the shots,
10:15honestly if it ever was,
10:17but that Donald Trump is.
10:19But this is bigger than the Mideast and
10:21that's the story that nobody noticed at
10:23the G20. As the host of the G20, the
The G20 and Who’s Back In
10:26United States decides the guest list.
10:28Guess who came to dinner.
10:30Russia's finance minister, Anton
10:33Siluanov, sat at the table in Asheville.
10:36This is the first time he's been invited
10:38in person to a summit like this since
10:40Putin invaded Ukraine four years ago.
10:43And he was invited by the host country.
10:45The Europeans were not happy as the
10:47German finance minister, Lars Klingbeil,
10:50made clear.
10:51"I would have wanted greater clarity
10:53from the American side that he should
10:55not be received here as a normal guest."
10:58Then Klingbeil organized a protest.
11:01"I made it clear to the Europeans this
11:03morning in the plenary session that I
11:04would not pose for a photo with the
11:06Russian finance minister."
11:08So in the official G20 family photo
11:11taken at the same summit, Siluanov
11:13wasn't in it.
11:15But the real work isn't done with photo
11:17ops. Mnuchin had a one-on-one meeting
11:19with him at the G20. Axios summed it up
11:22this way.
11:23The US is re-engaging with Russia while
11:26Europe remains intent on keeping Moscow
11:29isolated as the war goes on. And of
11:31course the American press challenged
11:33President Trump over Russia's
11:35participation at the summit and he
11:37responded
11:38>> What was the thinking behind inviting
11:39the Russians to the G20 meeting in
11:41Asheville?
11:42>> Well, we're going to see what happens,
11:43but we like getting along with
11:45everybody. One of the reasons that I'm
11:47so successful, I get along with
11:49everybody.
11:50>> That's the opposite of geopolitics.
11:52And speaking of everybody, nobody
11:54noticed what else Bassant dropped into
11:57the same interview with Kudlow. Right
12:00after he threw out the warning that you
12:02are either with us or against us.
12:05Bassant offered this completely
12:07unprompted.
12:09>> And you know, everyone says to me,
12:10"Well, what about China?" I said, "We
12:12have more in common with the Chinese on
12:14Iran than we disagree with on." The
12:17Chinese agree Iran cannot have a nuclear
12:19weapon. The Chinese agree that there
12:21should be free the freedom of navigation
12:25in the Strait of Hormuz. So, we have had
12:28private discussions with them in terms
12:30of achieving those goals.
12:32>> Larry Kudlow quickly changed the
12:33subject.
12:35So, let's put this all together. Since
12:37the end of World War II,
12:39the central principle of British
12:40geopolitics has been keep everyone
12:43fighting everyone else,
12:45especially the superpowers, while we run
12:48the world economy through choke points,
12:50financial flows,
12:52dirty financial flows or otherwise, and
12:55proxies.
12:56And at one summit in Asheville hosted by
12:59the United States, that playbook was
13:01shredded. So, if you want to help bury
13:03the head of this snake once and for all,
13:07join Promethean Action as a supporting
13:09member or contributor.
13:11This has been your midweek update.
13:13Thanks for watching.