Will Trump trigger a global meltdown? The dollar holds the world together by Wolfgang Munchau
“When I first heard that Trump’s finance team, led by Scott Bessent, the treasury secretary, was trying to devalue the dollar, it seemed that they had not thought this through. I thought this was the Achilles heel of Trump’s economic agenda because it seemed to have conflicting goals — to keep the dollar’s global predominance and reduce its value at the same time. How on earth could they do both? I put this down as an unresolved contradiction in Trump’s head. Like the English cake aphorism, you could describe it as having your dollar and selling it — something only Trump would do...”
The Elite Lawyers Working for Elon Musk’s DOGE Include Former Supreme Court Clerks by Justin Elliott, Avi Asher-Schapiro and Andy Kroll
“The legal challenges brought by several groups could ultimately reach the Supreme Court. This week, for example, more than a dozen Democratic attorneys general said they would sue to block DOGE’s access to the Treasury Department’s payment systems, and federal employee unions sued to challenge the DOGE-led dismantling of the U.S. Agency for International Development…”
Notable Tesla investor says he hopes Musk’s government role is ‘short-lived by Ramon Antonio Vargas
“Tsai’s comments on what is his firm’s largest holding come at a time when Musk – who prominently supported Trump’s successful run for a second presidency – has advised the White House on the widespread firings of government employees and the dismantling of various services. Those services include US humanitarian aid and development work, with experts warning that their elimination could have life-threatening consequences…”
Founders (need) Focus
This week we shared that we’re starting Founders Focus, a new membership program from 9others; a space for you to carve out time to work on the hard things that really matter. Check out the announcement here.
What does it do?
Founders Focus keeps you focused, accountable and connected.
Who it’s for?
Founders Focus will suit Solo Founders, Remote (Co) Founders, and Freelancers, CxOs and Side Hustlers.
Qs?
Read more and check out the FAQs on the 9others Notion, here.
We hope you’ll join us.