Trump is pushing America closer to civil war; USD, Debasement

Those of us who have long admired America as a kindred spirit and upholder of the happiest flowering of global prosperity ever known can only watch with horror as the country hurtles towards a full-blown constitutional crisis. 

The Supreme Court ruling on Donald Trump’s tariffs – or rather his reaction to it – compounds the unfolding national tragedy. The White House statement announcing the new tariffs is one of the oddest documents I have ever seen. 

It proclaims in bold ink that the US has a structural trade deficit of $1.2tn.

It says the US net international investment position has collapsed to minus 90pc of GDP, meaning America is in hock to the world for a net $27.6tn.

Drawing further attention to this is akin to screaming “fire!” in a crowded theatre. 

These figures are indeed alarming, doubly so since Trump is eroding the reputational underpinnings of both the dollar and US debt.

Ambrose Evans-Pritchard Telegraph 24 February 2026

https://www.telegraph.co.uk/business/2026/02/24/trumo-perilous-path-charles-i-george-iii/


U.S. posts third largest trade deficit ever februari 2026

https://englundmacro.blogspot.com/2026/02/us-posts-third-largest-trade-deficit.html


The Problem Trump Is Seeking to Tackle Is Very Real
https://englundmacro.blogspot.com/2025/04/the-problem-trump-is-seeking-to-tackle.html

 




 


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