Just a few days after the November 3 elections, U.S. Secretary of the Treasury Scott Bessent paid homage to the winners, the People’s Republic of China, with an address on “U.S.-China relations and economic ties” at the National Committee on U.S.-China Relations Gala Dinner.

The appearance itself was objectionable. This is a major lobbying group for the communist regime, comprised of major U.S. corporations, such as BlackRock, Inc., Broadcom Inc., and Citigroup, Inc.

Bessent is trying to sell himself as a good guy in the Jensen Huang affair by pointing the finger at Commerce Secretary Howard Lutnick for any leakage of high-speed chips (above the H100 GPU chips) to China through Huang’s mistress, the alleged Chinese spy and executive at the firm Megaspeed.

But Bessent has a lot to answer for.

The annual Gala Dinner on Tuesday, November 10, in New York City, was designed to honor Stephen A. Schwarzman, chairman, CEO, and co-founder of Blackstone, a private equity fund, who is considered the most powerful man on Wall Street. Remarks were also given by Xie Feng, Ambassador of the People’s Republic of China to the United States.

Schwarzman has an estimated net worth of approximately $43 billion to $46 billion and his firm Blackstone (NYSE: BX) is considered the world's largest alternative asset manager, managing well over $1 trillion in assets.

I read Bessent's remarks and came to the immediate conclusion that Bessent no longer belongs in the Trump Administration. Of course, I had objected to his nomination in the first place, since he was a veteran operative of George Soros. I called him “A Wolf in Soros Clothing in Trump’s Cabinet.”

Bessent Praises Kissinger

Bessent’s remarks (cited above) were full of praise for those who engineered aid and trade to Communist China, especially Henry Kissinger, who in the final months of his life, “met with President Xi in Beijing to discuss deeper collaboration.”

Bessent said nothing about China releasing the China virus that killed 1.2 million Americans and cost our economy as much as $14 trillion.

I consulted AI, which Schwarzman and Backstone have promoted and invested in, and it said, “Steve Schwarzman, the Chairman and CEO of Blackstone, has never publicly condemned China for releasing or spreading the COVID-19 virus.”

“Early in the outbreak in 2020,” it said, “Blackstone and Schwarzman issued public statements expressing sympathy with the people of China and pledging financial relief to combat the epidemic, maintaining an open channel with Chinese counterparts throughout the global crisis.”

During the 2024 campaign, Trump pledged to seek $10 trillion in reparations from China over the pandemic. He broke that promise.

Henry Kissinger’s idea of “collaboration” was designed to abandon the free people of the Republic of China on Taiwan to the Communist Chinese. The island, with a population of 23 million, is still a strategic U.S. ally in the region but is facing a potential communist invasion.

Agent of Influence in D.C.

Gary Allen’s book, Kissinger: The Secret Side of the Secretary of State, was published in 1976. It explored at some length charges that Kissinger was “Moscow’s Man in Washington,” based on the revelations of Colonel General Michael Goleniewski, a Polish Army intelligence officer in World War II and “one of the most important defectors from the Communist intelligence apparatus ever to reach our shores.” He said Kissinger was recruited when he was a U.S. Army intelligence officer in World War II, years before he became “an unknown professor at Harvard….” The charges were “buried deep in the bowels of the government's security agencies,” Allen reported.

The only thing that’s changed is that Kissinger became China’s man in Washington, followed by Scott Bessent, who praises him. But Bessent depicts himself as a hard-liner, compared to Commerce Secretary Lutnick.

When Gary Allen says that the charges against Kissinger were “buried deep in the bowels of the government's security agencies,” he could have been referring to “the Cabal,” a term computer security expert Mark Cook has used to describe the group of insiders that are so powerful and influential that they have the ability to manipulate our elections and then cover up their own involvement. I interviewed Mark Cook about this problem in connection with the 2026 elections. You can watch our interview on YouTube. Please spread the word because we have reason to believe that Google, owner of YouTube, is suppressing this information.

Trump has cast doubt on the integrity of the November 3 mid-term elections, and the White House still has time to object to certification of the results. But will they?

In a July 16, 2026 primetime address from the White House, Trump claimed that the Chinese government had acquired voter registration files on 220 million Americans across at least 18 states. He said the U.S. election infrastructure is therefore critically vulnerable.

What happened? Nothing.

China Spy Scandal Targets Trump

On another YouTube show, I interviewed analyst Trevor Loudon about the Chinese role in the elections, focusing on the Chinese spy scandal involving Trump’s relationship with the controversial Nvidia CEO, Jensen Huang.

Incredibly, Trump praised Jensen Huang for his character, describing Huang as an "honorable guy" and a "fine person," even though he has admitted a sexual relationship with a suspected Chinese spy. I believe the information about the spy scandal was leaked to the New York Times to bring down Trump, in a Watergate-stye operation.

Photographic evidence and public appearances document Jensen Huang’s “interactions” with the alleged spy, former MegaSpeed executive Alice Huang, starting around June 2024 at tech events in Taipei, as well as throughout 2025. MegaSpeed is the firm suspected of buying Nvidia chips and providing them to China, to accelerate the regime’s AI program.

The Deep State Leaks

It is reported that U.S. intelligence agencies began tracking and filing internal briefings regarding the Huang's relationship in late 2025, indicating the relationship was active for at least over a year prior to “public disclosure.” That is, the Deep State waited until after the elections to feed the information to the New York Times, beginning the Watergate-like process of destroying what remains of the Trump presidency.

This is convenient for the Democrats as they assume control of Congress and begin the impeachment process.

The latest “BREAKING NEWS” is that despite his denial, Trump was told on his trip to China about U.S. spying on the Nvidia CEO. The Times reported that, “Before Jensen Huang boarded Air Force One en route to Beijing, President Trump was reminded of intelligence showing that Huang was in a relationship with a woman believed to be a Chinese spy.”

Besides describing Jensen Huang as “honorable,” Trump also said he would still be open to bringing Huang along on an upcoming diplomatic trip to Asia.

Tragically, with such comments, Trump is digging a hole for himself, which is likely to result in a drum beat of media publicity and pressure calling for the president to resign.

It’s not clear if Trump can save himself. But it is clear that he has to throw the baggage of his administration over the side, beginning with firing Scott Bessent.

“The United States and China represent different systems,” Bessent said at the pro-China “gala,” never once using the word “communist.” Bessent has a major role in developing policy regarding AI semiconductors, export controls, and technological competition with China.

He praised Stephen (Steve) A. Orlins, who serves as the President of the National Committee on United States–China Relations (NCUSCR) and was part of the foundational legal team that helped establish formal diplomatic relations between the United States and the People's Republic of China.

Bessent quoted billionaire hedge fund manager Ray Dalio, who opposed U.S. tariffs against China. He, too, is a central figure in the National Committee on United States-China Relations.

But the key man in this network of pro-China operatives seems to be Stephen A. Schwarzman, chairman, CEO, and co-founder of Blackstone, who, in 2013, founded Schwarzman Scholars at Tsinghua University in Beijing  “to give the most talented future leaders the power to change the course of history through deep engagement with China.” Schwarzman is said to have “personally donated $100 million to launch the program and led a campaign to raise $500 million more to endow it in perpetuity – the single largest charitable effort in China’s history from largely international donors,” and which was “designed to build a global community of future leaders.”

Schwarzman maintained a close personal, advisory, and philanthropic relationship with Kissinger. They both served as members of the Council on Foreign Relations (CFR).

In addition, Schwarzman reportedly served as a key informal back-channel negotiator and diplomatic intermediary between the Trump administration and top Chinese government leadership during U.S.–China trade tensions. That resulted in a “trade deal” with China, reversing some of the tariffs.

In an interview, Schwarzman claimed China had made “huge strides” to cut off the export of chemicals to produce fentanyl, killing 50,000 Americans a year. But China still remains as a primary global source of illicit fentanyl precursor chemicals and pill-pressing equipment because Chinese chemical “vendors” continuously adapt by exporting unscheduled precursor derivatives or alternative raw chemical building blocks to clandestine labs in Mexico. China also ships the chemicals through third-party countries or by mislabeling international cargo.

Meanwhile, China’s trade surplus surpassed $1 trillion in the first 10 months of this year, setting a new record.

The famous quotation attributed to Lenin—“The Capitalists will sell us the rope with which we will hang them”—may be true in the sense that the Chinese communists and not the Bolsheviks are buying the rope and the capitalists have financed it.

Why is Trump tolerating this treachery? Is it because he is deathly afraid of the cabal that has now set him up for destruction in the Jensen Huang spy scandal?