The reported initiative follows a recent trend by Venezuela to take back control of its national reserves and move away from US- and dollar-controlled financial institutions.
President Trump seems to be trying to compensate for the decline in US power overall by way of adopting more bellicose and foghorn rhetoric for others to comply with American demands.
Trump is trying to square a globalized world through a national-based American capitalism. It won’t work. Former President Teddy Roosevelt (1901-09) described the essence of US foreign policy as “speaking softly while carrying a big stick”. Under the incumbent president, Donald Trump, it seems to be all about “speaking loudly”. What Trump is