Scott Bessent: “Financial institutions continue to find out the hard way that we are serious about Operation Economic Outcast.”

We want to make clear here today that no one is above the reach of U.S. sanctions.

I mean we're not at war with Canada. How are we going to be at war with Canada? What, are they going to take their two submarines from the Edmonton mall and sic them on us?

No one is above the reach of U.S. sanctions," Bessent said.

We are now entering the endgame. At dawn begins an economic D-Day — the single greatest financial offensive ever marshaled against an adversary.