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Fejau reveals Scott Bessent has a “mini hedge fund” he could be using to short Oil
“In terms of how they can do things without people knowing, there’s certain facilities. One of them is called the ESF, the Exchange Stabilization Fund, basically Scott Bessent just has his own little mini hedge fund within the Treasury, and you can trade currencies and those sort of things... that doesn't have to get reported for like a year”
"Some people think he's basically put on a curve trade where he's shorting the front months and going long the longer dated ones as a way to refill the SPR”
"The ESF has reported total assets around $210 billion. So yeah, it's big”
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