Why The Donald Is Foolishly Threatening Foreign Dollar-Holders

Oh c’mon. Here is the Donald’s latest entry in the annals of economic crackpottery and it’s a dozy. He’s now threatening 100% tariffs on any nation that looks sideways at the Almighty Dollar.

The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER. We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy. They can go find another “sucker!” There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any Country that tries should wave goodbye to America.

In truth, the whole paragraph is so cockamamie that it relates to no known school or theory of economics. Well, with the exception, of course, of the Donald’s own sui generis humbug.