It is not just Sergey Karganov who is saying the current Western leaders are idiots, with a totally degraded intellectual capacity, who cannot imagine that Russia wants to nuke them.
https://www.youtube.com/watch?v=zK4gfhWXs-U&t=4100s
Jeremy Warner in the Telegraph comes to the same conclusion when he discusses the damage Trump has done to the dollar through his sheer idiocy.
"In the past year, the dollar has undergone its worst overall devaluation since the 1970s. At the same time, the price of gold has surged nearly 75pc to record highs.
...
Call it “Trump Derangement Syndrome” if you like, but financial markets are increasingly betting on all three.
Almost everything the Trump White House does seems deliberately designed to undermine the dollar, last weekend’s renewed attack on the independence of the Federal Reserve being only the latest example."
https://www.telegraph.co.uk/business/2026/01/15/trumps-role-in-staggering-rise-of-worlds-oldest-currency/
From The Telegraph
Jeremy Warner
Trump’s unwitting role in the staggering rise of the world’s oldest currency
Almost everything the US president does seems deliberately designed to undermine the dollar
In the past year, the dollar has undergone its worst overall devaluation since the 1970s. At the same time, the price of gold has surged nearly 75pc to record highs.
No commodity acts better than gold as insurance against inflation, financial instability and geopolitical turmoil.
Call it “Trump Derangement Syndrome” if you like, but financial markets are increasingly betting on all three.
Almost everything the Trump White House does seems deliberately designed to undermine the dollar, last weekend’s renewed attack on the independence of the Federal Reserve being only the latest example.
...
What Donald Trump has done is provoke an “emperor has no clothes” moment. Underpinned by deep and highly liquid capital markets, unashamedly pro-enterprise public policy and many of the world’s most powerful corporations, the US economy’s sheer might has long made it the go-to place for international investment.
This has, in turn, cemented the dollar’s position as the go-to global reserve currency.
Come rain or shine, everyone wants dollars. That position is now being questioned as rarely before. And not just because of China’s emergence as a new superpower on the world stage.
Looked at objectively, the US simply doesn’t warrant the position it occupies in global financial markets. As measured by GDP, the US is around a quarter of the world economy, and yet its stock markets are completely dominant at approximately 70pc of global equity values.
The picture is similar for debt, where again dollar-denominated borrowing is out of all proportion to the relative size of the US economy. This is also true specifically of sovereign debt.
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