Adam Tooze

You call the ECB and you call Brussels.

This is where you call.

There's no ambiguity about it, really.

The Germans and the French you need to talk to too, but-

increasingly the trend has gotten towards that centralization.

No, I mean, I think there is a real, I mean, I love Ivan's mapping of this is delirious.

It is fascinating.

But I mean, don't we have to talk about the Norway letter?

I mean, and the silence about the Norway letter.

And actually goes further.

He says, now I don't have to care about universal peace.

Now I can care just about America.

He actually... This goes to this weird relationship.

And actually, he literally says, now I can be America first, right?

Because previously I was doing the peace thing and because you... And I mean, it's so...

Ludicrous.

And the overwhelming, what we've seen here at Davos is that people just are tight-lipped, are shut down about the evident fact that this man to whom they swear a kind of personal loyalty and fealty is...

is childlike and basically crazy.

I agree with Ivan, there may be strategic groups that want to use this for the purpose of the grand rearrangement that you're talking about.

But I think we have to allow for the fact that there is just this emptiness and madness at the heart of the whole thing that is genuinely infantile.