Former Greek finance minister Yanis Varoufakis dropped some hard truths about the real reason behind the US- China trade war.
1. The US doesn’t fear China because of “cheap labor” or “IP theft.” What it truly fears is China’s capacity to undermine the US-led global financial order — the very system that allows America to print dollars and buy the world.
2. Wall Street’s aging financial architecture is losing its grip. It can’t control crypto flows. It can’t keep up with new financial ecosystems. China — with its digital yuan, vast industrial base, and rising global influence — is the first real threat to this system.
3. Trump’s “reciprocal tariffs” were never about balancing trade. They were a desperate attempt to slow down China’s rise and protect the dollar system from collapse. Because if China succeeds, the US loses its magic weapon: monetary dominance. See point 2 above.
4. Today, Trump is laser-focused on America’s financial core with the Treasury bond market (America’s lifeline) and the stock market (America’s wallet). Both are fragile. And any external pressure could trigger a chain reaction.
5. The US is now panicking over who’s selling off US Treasuries. China? Japan? Others? Trump reportedly wants to punish any surplus country that dumps Treasuries — with tariffs, of course. This is not about trade. It’s about a dying empire trying to stop the bleeding.
6. In short, America is no longer confident in its own financial fortress. And China is no longer playing by the old rules. This isn’t just a trade war — it’s a war for the future of global finance.
This all is true, but China is in total internal collapse and economic freefall and lets keep in mind it’s a brutal Marxist commie regime that murders Christians as they see fit. God is punishing China as much as he is Punishing our nation for our filth, perversions and anti christian sentiment coming straight from our previous Presidents and bureaucracy. We spread this filth here and abroad and yes; we are collapsing as well but it by the hand of God.
Get your head out of the US sphere of influence. China is financially fine; only 15% of it’s exports go to the US, and they have been fomenting monetary relationships with the entire planet for decades. They just cemented a huge trade deal with Iran.
We are entirely dependent on China for so many hard goods it’s hard to believe we’re even baiting them with tariffs. They could shut down exports to the US tomorrow and we would lose 90% of our tech base, not just smartphones, but most of our military software.
This is all Kabuki Theatre.
Yes…and China has been waging this war against us for decades. And most Americans still don’t realize that.
No, we waged this war against ourselves by exporting our industrial base to China.
There is no “war” with China. We are entirely dependent on them, not the other way around.
Bingo, give DMM a kewpie doll!
American hegemony is doomed, Simple. The new economic world is that of currency with value and not faith. Backed by tangibles, not faith. That new world is also the Chinese Indo-Pacific, not an American one. Been telling family in Japan for a while now, there will be a “new emperor” soon.