Yanis Varoufakis

It slipped into a deficit position.

And, you know, Henry Kissinger, who was part of Nixon's team then, even before he became foreign minister, before his move to the State Department, when he was still at the National Security Council, he...

put a very simple question to his team and said, well, now we're a deficit country, how can we maintain our hegemony?

And the answer is blow up the Bretton Woods system, use the dollar as a weapon, devalue the dollar while enhancing its reserve currency status, its hegemonic status.

So, you know, Trump looks at that and says, I want to do this again because the Nixon shock is petering out.

After 2008, American hegemony is being seriously contested.

I want to give it another 12.

And I'm going to do it in a way that will make me and my mates lots of money as well.

So, you know, the devaluation of the dollar is not a failure.

It is an aim.

The issue of stable coins and the legitimation of cryptocurrencies, the Genius Act that was passed recently by Congress or in Congress, through Congress, is an attempt to privatize fiat money, the dollar.

The attack on the Federal Reserve is part of this plan.

There is a clash between old money and new money.

There is Wall Street on the one hand that is very coy about this whole thing.

But then there are the tech brolic arcs.

There is Tether that are issuing stable coins at the expense of Wall Street and the Federal Reserve.

So there is a strategy.

There is a huge conflict within different oligarchic interests involved.

And Trump is playing a very smart game in keeping all these people hating each other and, you know, competing for his graces.

Look, I can't resist the temptation to agree with much of what you said.