Money
There is another exciting theme in Trump's agenda. It
was stated in a very drastic message, almost threateningly, during the election
campaign, but since then it has hardly been mentioned. It is the dollar-based
international financial system. It could be said that it started with the
Bretton Woods agreement, everything else, the UN etc. came after. Only,
alongside the G7, there is the BRICS, which is growing up there, which wants to
overturn the whole old world order, in many ways. Geopolitically, militarily,
politically, and not least financially.
The dethronement of the dollar,
that's the watchword here. And that's Trump's motto: don't touch the dollar!
Because then you will regret it, in
some hard way. Somehow in this threat, he said something like he was going to
impose a 60 percent tariff on those who oppose the privileged role of the
dollar. The dollar has a privileged role, it is the only and the obligatory
international financial clearing currency. Every transaction in the world must
take place in such a way that if country X buys something from country Y, then
country X converts its own currency into dollars, buys country Y's currency for
that dollar and settles the transaction. So no financial, economic, commercial
transaction in the world can take place without the dollar being involved,
without the dollar being rotated.
You can imagine what this means for
the US Mint and for the survival of the US budget (the US government is the
world's biggest debtor).
Well, since the dollar has such a
special role, things can be sorted out somehow. In such a difficult to see way,
it's better not to question it.
There is a solution. It's a fair compromise solution,
because who needs the Chinese yuan to be the international clearing currency?
Presumably (as the Changing World Movement has suggested in the past), the
international clearing currency should be created, and it should be – not a
new, invented, dreamed-up currency, but gold itself. Gold itself should fulfil
this role. But this is an incredibly complicated question that should be left
to the experts, not to Trump, the experts, but Trump has serious power, he
cannot be excluded from the game.
Well, so that's a brief summary of
the challenges that Trump's return to power has generated in the first place.
We can look forward to the sequel.
And this is just the beginning...
Yes, this is just the beginning. It's not that the
above issues were the most important part of Trump's election campaign and the
first days of his presidency. Several other issues play at least as important a
role in Trump's plans, such as migration or gender. But the six themes raised
here all exemplify how Trump is trying to play chess with the world with moves
that, with a wise response, could turn the game around, not so much for one
opponent or the other, but for the world.
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