Tuesday, 23 September 2025

Trump and his currency dilemma

The Trump administration had been apparently considering which Chinese influential family to use as consultant when finding an alternative to the US dollar. 

(One of the consequences of the 9/11 terror attacks was that the Polish legit lease became invalidated, and the Americans no longer had any say over their currency matters, what Nagpur in India decided would be final. Hence the Germans had wondered why the United States fought the War on Terror for two decades, what did it achieve given the US Govt hadn't discussed how the US Air Force felt about currency matters?)

"Such madcap rules from Nagpur", as the Delhi citizenry were fond of saying. 

The Trump administration's choice had narrowed down between T.V. Soong (1894-1971) and his step-nephew Sun Fo (1891-1973). 

i. Sun Fo had studied the Arts at Berkeley, California and later at Columbia University. He had extensive contacts with the Soviet Union, having had direct talks with Joseph Stalin between 1937 and 1939, including on weaponry, after Grigory Zinoviev's death in 1936. 

That extensive Russian contact was making the Trump administration lean towards Sun Fo.


(Antara on a picnic with her parents and sibling, December 2000.)

ii. T.V. Soong had travelled to the Soviet Union as well, extracting concessions against Mao from Joseph Stalin but had conceded to co-ownership of the Chinese Eastern Railways in Manchuria, an agreement well-known for having the backing of American financiers and pro-legit lease British aristocrats. Bengali men around Trump, including the Nobel Prize-winners, thereby remained uneasy with T.V. Soong.

But President Trump, in rejecting T.V. Soong, you were letting go of an experienced international banker, a Minister of Finance, one who studied Economics at Harvard, with extensive knowledge of Ukraine and the Treasury. You did know what that implied, didn't you?

 


(Aww, always that face when it was bathtime, only Ajit could deal with his bath tantrums. 

Purulia, late 1990s.) 

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