

So, its now around a day or two later.
I was right, Varoufakis is wrong.
Again, Varoufakis idea is:
Central to this new global order would be a cheaper dollar that remains the world’s reserve currency — this would lower US long-term borrowing rates even more. Can Trump have his cake (a hegemonic dollar and low-yielding US Treasuries) and eat it (a depreciated dollar)?
and
Consequently, the euro, the yen and the renminbi will soften relative to the dollar. This will cancel out the price hikes of goods imported into the US, and leave the prices American consumers pay unaffected. The tariffed countries will be in effect paying for Trump’s tariffs.
Summarized, he thinks that:
US Bond prices will go up
and/or
US Bond yields will go down
and
The USD will appreciate compared to the Yen, Euro, Renminbi, that is to say, a dollar will be worth more yen, euro, ren.
What is actually happening is:
US Bond prices are going down.
US Bond yields are going up.
https://www.google.com/finance/quote/USD-JPY?window=1M
https://www.google.com/finance/quote/USD-EUR?window=1M
USD is depreciating, not appreciating, compared to yen and euro.
The USD/CNY is exchange rate is set at a fixed rate by China, and they haven’t moved it yet.
So uh, no Mr. Varoufakis, Trump cannot have his cake and eat it too, infact he shit in the cake and then threw the mixture all around the room, now he gets nothing that he wanted.
Trump has destroyed the Bretton Woods USD hegemony, but in a way that is utterly catastrophic for the US, not some extremely clever 12D chess move.
Not easily anymore no.
He either sued or threatened to sue the people/person that were running that.