He came, he saw and he was sent packing.
Seeking to project an imperial power unparalleled in history threatening to seize Greenland, Trump was, instead, exposed as an emperor wth no clothes at Davos.
Tellingly, it was the arch bluffer Scott Bessent who made a miscalculation as to what he thought the world knew about the resilence of US economy and its capacity to handle debt yet again.
Too late, again, it became plain to Bessent that the Europeans and the entire world knew very well that the US has a gigantic and growing debt problem, which makes aspirations to seize Greenland delusional because there is no money to pay for the project.
As for any income from the seizure of Venezuela s oil, well, a huge chunk of that went into an off shore bank account for Trump and his cronies and not into the Treasury to help pay for the ever growing national debt,
The Billionaires cannot have their cake and eat it any more. They cannot use the US tax payers and Fed to pay for the acquisitions of assets through war, to transform those foreign assets into private profits for themselves, and still expect to save the dollar from collapse.
Steven Miller and Ron Lauder do not seem to realize that model of business is over.
When the dollar collapses, the Billionaire mafia will go down with it.
Bessents failed China trade war and now failed bid to seize Greenland have cost Trump and the oligarchs who run his administration their last shred of credibility.
Plus, Trump can be arrested today for crimes against a reporter as per D 15 218 and E 17 449 in a win win move!
From media
Trump steps back from the brink on Greenland. But the damage has been done.
...
After two weeks of escalating threats toward Europe, President Donald Trump blinked on Wednesday, backing away from the unthinkable brink of a potential war against a NATO ally during a speech at the World Economic Forum in Davos.
Trump’s vow not to use military force to seize Greenland from Denmark eased European fears about a worst-case scenario and prompted a rebound on Wall Street. And his declaration hours later after meeting with NATO’s leader that he may back off of his tariff threat having secured the “framework” of an agreement over Greenland continued a day of backpedaling on one of the most daring gambits of his presidency to date.
But his continued heckling of allies as “ungrateful” for not simply giving the U.S. “ownership and title” of what he said was just “a piece of ice” did little to reverse a deepening sentiment among NATO leaders and other longtime allies that they can no longer consider the United States — for 80 years the linchpin of the transatlantic alliance — a reliable ally.
“The takeaway for Europe is that standing up to him can work. There is relief, of course, that he’s taking military force off the table, but there is also an awareness that he could reverse himself,” said a European official who attended Trump’s speech and, like others interviewed for this report, was granted anonymity to speak candidly. “Trump’s promises and statements are unreliable but his scorn for Europe is consistent. We will have to continue to show resolve and more independence because we can no longer cling to this illusion that America is still what we thought it was.”
Trump’s abrupt about-face after weeks of refusing to take military intervention off the table comes a day after Greenland shock waves sent global markets plunging, wiping out over $1.2 trillion in value on the S&P 500 alone. The president’s policy shift mirrored a similar moment in April, when he quickly reversed sweeping tariffs after a market downfall tied to his policies.
If Trump’s refusal to use the military to threaten Greenland and the U.S.’s NATO allies holds, it would represent a win for administration officials such as Treasury Secretary Scott Bessent, who on Tuesday counseled the Davos set not to overreact or escalate the fight with Trump, assuring concerned Europeans that things would work out soon.
https://www.politico.com/news/2026/01/21/trump-greenland-military-deal-00739427
Trump has backed off over Greenland. Was it the threat of Europe’s economic superweapon?
Threat of Brussels weaponising capital markets against the US may have forced Trump to cave
https://www.telegraph.co.uk/business/2026/01/22/europe-economic-super-weapon-hurt-trump-would-it-ever-used/
https://www.telegraph.co.uk/us/politics/2026/01/21/trump-strikes-greenland-deal/
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