“If there’s one thing the past week made painfully clear, it’s this, other countries still know how to govern.
“Our White House, on the other hand, is occupied by a #kakistocracy, a government by the worst, least qualified, and most corrupt.
“A kind of reality show LARP where yelling “be cool” on Truth Social is treated as fiscal policy.
1/8
“Here’s what may have actually happened: Trump thought he was going full “madman theory”, unleashing 145% tariffs on China, 25% on Canada, and sweeping “Liberation Day” tariffs on the rest of the world (except, naturally, Russia).
“The goal?
“To scare countries into submission.
“Instead, they blinked…slowly and raised an eyebrow.
“Then proceeded to box him in with quiet, competent precision.
2/8
“Enter Mark Carney, Canada’s new Prime Minister and a former head of the Bank of England and Bank of Canada.
“In other words, a guy who actually understands leverage, not just the political kind, but the kind that moves global markets.
“While Trump was yelling into the internet, Carney was gathering allies behind closed doors, Japan, the EU, France, Germany, the Netherlands, and making one simple pitch:
3/8
“If the U.S. keeps up the #tariff chaos, we start slowly bleeding your #BondMarket.”
“And so they did.
“Not a fire sale.
“Not a bombastic news conference.
“Just a subtle slow bleed of U.S. #Treasury bonds, signaling to investors across Asia and Europe: the dollar is no longer a sure thing.
4/8
Coach Pāṇini ®
Deborah Rose