Keep pulling the thread on Gillian Tett.
The Trump administration has indicated a willingness to accept an economic recession in order to achieve its broader economic goals.
The Trump administration's core goal is to reset the global trading, economic, financial, tech, and military systems to ensure long-term American supremacy.
The proposed "Mar-a-Lago Accord" aims to orchestrate a multilateral agreement among several countries to collectively weaken the US dollar.
In exchange for cooperation on weakening the dollar under the proposed "Mar-a-Lago Accord," the U.S. would offer participating countries tariff relief and military protection.
The Trump administration believes the US dollar is overvalued due to its reserve currency status, which has harmed the competitiveness of American manufacturing.
A policy idea from Treasury Secretary Scott Besant involves categorizing countries into "red" (foes), "yellow" (unaligned), and "green" (friends), with "green" countries receiving tariff exemptions and military protection.
The Trump administration's strategy to prevent retaliatory tariffs involves using U.S. defense guarantees as leverage, either by threatening to withdraw them or by offering inclusion in a defense umbrella.
The investor assumption of a "Trump put," where the president would intervene to support falling stock markets, is imploding as the administration now appears willing to let markets decline.
Fund managers in Asia are actively seeking ways to diversify their holdings away from U.S. Treasuries due to current U.S. policies.
U.S. export controls aimed at China's semiconductor industry have had the unintended consequence of accelerating China's efforts to achieve technological self-sufficiency.
The U.S. and China are already engaged in trade, tech, and cyber wars, and are now beginning to engage in a capital war.
The annual cost of interest payments on the U.S. national debt, which exceeds $36 trillion, has now surpassed the country's entire defense budget.