a short list of some of the items we face;

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............more........