Yanis Varoufakis

One would have thought that the United States would be very eager to see India move away from China, move away from the BRICS, you know, go into bed with the Trump administration.

He hasn't done that.

And instead he has chosen to make the issue of whether he was the one that stopped the recent skirmish war between India and Pakistan the determinant of whether he's going to increase the tariffs or not.

So he does that.

But you know that?

I mean, the madman strategy...

We have to remember it was devised by Rand Corporation in the 1950s as a rational game theoretical way of behaving.

Because if you convince people that you are mad, then they will think twice before they confront you.

By the way, you know, these central bankers will never learn

By signing that letter in support of Jerome Powell, they're handing a huge, huge gift over to Donald Trump.

Because Donald Trump's base hates all these people.

So when they see that they are coalescing together in support of the Fed's chairman...

You know, Trump is applauding all this.

You know, it's amazing, you know, those centrists, the liberal establishment, how inane they are.

Do you remember during the Brexit referendum in Britain when, you know,

Mario Draghi from the Central Bank of Europe and various finance ministers and bankers and central bankers generally were warning the British people, don't you dare vote for Brexit because Armageddon is going to be full.

And I knew at that moment that Brexit would win because these kinds of letters of support for the liberal establishment don't help the liberal establishment at all.

Look, what's happening here is this.

There are different discussions you could have.

One is, is the interstate policy of the Fed appropriate?