Canadian Prime Minister Mark Carney's speech was music to the ears of those assembled in Davos. As Canadian Carney took his feud with Trump to the next level and President Trump did an about-face on imposing tariffs over Greenland, the rest of Europe's leader seemed to finally have grown balls to stand up to the Donald.
Trump's speech was a familiar blend of braggadocio and bombast. He claimed China, home to the largest wind farms in the world, had none, and told the audience they would all be speaking German, "and maybe a little Japanese" had it not been for the US in the Second World War.
Commerce secretary Howard Lutkin was belligerent at every opportunity. "We have come with a clear message," he said on a panel, sat next to Chancellor Rachel Reeves: "Globalism is dead." European Central Bank boss Christine Lagarde walked out of another event following Lutkin's remarks about Europe.
Well, buffoon Trump and his fellow-clowns have it all backwards. The US depends on the world. The world provides them with the goods that thay don't produce. The world lends them the money they don't save. The world economy doesn't work because of the US – the US economy works because of the world. The US has a dysfunctional consumer-based credit economy that rests on the foundation of the U.S. dollar's reserve currency status, and the world is now pulling the rug out from under the U.S. The dollar's going to collapse. The dollar is being replaced by gold.
But before cutting off Trump's goolies - which remains on the table - next time he opens his big mouth, Canada should cut off his water!
Team Trump is aiming for an outcome of which it seems totally unaware: the destruction of the US empire. Read the headlines: "Finnish prime minister arrives in Beijing for four-day visit to China" and "UK leader Starmer set to visit China to boost trade ties" and "‘Repatriate the gold’: German economists advise withdrawal from US vaults."
As a policy, "America First" appears to have the opposite effect. Global leaders and investors are putting the US way down their priority list.
As for the people in the street, they will no longer believe Trump either. Not after he told the people of Tehran, "Rise up! Help is on its way!"
MAKE AMERICA GO AWAY!
