BESSENT IN BEAST MODE:

More:

The administration is moving enforcement from geography into transaction permission. The question becomes less “who crossed the border?” and more “who is allowed to operate inside the financial system?”

That is a much more powerful enforcement layer.

A person can avoid a checkpoint. A person can move cities. A person can use sympathetic local systems. A person can live in a sanctuary jurisdiction. But modern life requires payments, bank access, cards, transfers, payroll, rent, app-based services, benefits, and digital identity.

Once access to those rails becomes conditional on legal status, the border follows the person everywhere.

That is the phase shift.

Read the whole thing.

Previously: IS BESSENT KILLING CHINA’S CURRENCY?