I wouldn’t say Varoufakis thinks he has a chance, by the end of this article, he’s pretty clear that China could easily take the current role the US has as the world’s reserve currency, but he gives Trump a lot more credit than most economists.
Came across this youtube video as well, which is interesting (perhaps once again gives too much credit to Trump, but also fleshes out some of his financial advisors and why they might be on board) I like that the author also gets into the economic history that leads what might be happening.
Once again though, i’m not really convinced. Seems like a huge risk and a gigantic bet on something that could easily break US hegemony permanently, and for what? The US is already on top of the economic pile with only minor threats to it’s position. A more direct path of investment in new technologies seems like a safer bet.
.he gives Trump a lot more credit than most economists
Has Varoufakis ever been right about anything? His political career showed him to be a naive lightweight who thought he could strong-arm the EU. He didn’t understand the simple principle that you don’t get into a showdown when someone else is holding almost all the cards.
His analysis pieces since then haven’t showed much insight either.
And I’m still waiting for someone, anyone credible, to quantify the benefit to the US of the dollar’s status as a global reserve currency. How many takeaway food orders per month can I afford now because of it?
And while we’re at it, why would any country buy RMB unless they were a vassal state?
I’m hoping the global reserve becomes the Euro instead of the Yuan, but the EU is particularly good at dragging their feet on things. It’s good that they’re starting to wake up, but I honestly don’t think they’ve fully accepted what’s happening over here, nor are they moving with nearly the level of alacrity that they should.
They’re feeling a lot of the same pressures from the Russian Far Right as we are, we’re just farther along, although England got bitten pretty good by Brexit.
Maybe it takes a dictatorship who doesn’t allow alrernative political perspectives to threaten their stability to control the world economy.
The people are fully aware and we’re doing what we can to get things going but we have our own fair share of grifters slowing things down. Ursula von der Leyen is a horrible cunt who was essentially sent to Brussels so she’d stop bothering us in Germany and now she’s president of the EU commission. I still think we can do it but it’s gonna be despite politicians like her rather than because of them.
Interesting, thanks for the link… I dug a little deeper, this youtube interview was interesting as well. I feel he overestimates Trumps intelligence and foresight, but is certainly a take that should be considered in how it might all play out.
https://www.yanisvaroufakis.eu/2025/02/21/donald-trumps-economic-masterplan-unherd/
I wouldn’t say Varoufakis thinks he has a chance, by the end of this article, he’s pretty clear that China could easily take the current role the US has as the world’s reserve currency, but he gives Trump a lot more credit than most economists.
Came across this youtube video as well, which is interesting (perhaps once again gives too much credit to Trump, but also fleshes out some of his financial advisors and why they might be on board) I like that the author also gets into the economic history that leads what might be happening.
Once again though, i’m not really convinced. Seems like a huge risk and a gigantic bet on something that could easily break US hegemony permanently, and for what? The US is already on top of the economic pile with only minor threats to it’s position. A more direct path of investment in new technologies seems like a safer bet.
.he gives Trump a lot more credit than most economists
Has Varoufakis ever been right about anything? His political career showed him to be a naive lightweight who thought he could strong-arm the EU. He didn’t understand the simple principle that you don’t get into a showdown when someone else is holding almost all the cards.
His analysis pieces since then haven’t showed much insight either.
And I’m still waiting for someone, anyone credible, to quantify the benefit to the US of the dollar’s status as a global reserve currency. How many takeaway food orders per month can I afford now because of it?
And while we’re at it, why would any country buy RMB unless they were a vassal state?
I’m hoping the global reserve becomes the Euro instead of the Yuan, but the EU is particularly good at dragging their feet on things. It’s good that they’re starting to wake up, but I honestly don’t think they’ve fully accepted what’s happening over here, nor are they moving with nearly the level of alacrity that they should.
They’re feeling a lot of the same pressures from the Russian Far Right as we are, we’re just farther along, although England got bitten pretty good by Brexit.
Maybe it takes a dictatorship who doesn’t allow alrernative political perspectives to threaten their stability to control the world economy.
The people are fully aware and we’re doing what we can to get things going but we have our own fair share of grifters slowing things down. Ursula von der Leyen is a horrible cunt who was essentially sent to Brussels so she’d stop bothering us in Germany and now she’s president of the EU commission. I still think we can do it but it’s gonna be despite politicians like her rather than because of them.
Interesting, thanks for the link… I dug a little deeper, this youtube interview was interesting as well. I feel he overestimates Trumps intelligence and foresight, but is certainly a take that should be considered in how it might all play out.
I agree on this. I think he is giving Trump far too much benefit of the doubt. Trump is just one of those people who wants to watch the world burn.