Δρομογράφος<p><span>Will Liberation Day transform the world? The Nixon Shock set a radical precedent<br>by Yanis Varoufakis <br><br></span><a href="https://unherd.com/2025/04/will-liberation-day-transform-the-world/#msdynmkt_trackingcontext=ebaa54aa-e581-4b3e-abb9-96a5d8780000" rel="nofollow noopener noreferrer" target="_blank">https://unherd.com/2025/04/will-liberation-day-transform-the-world/#msdynmkt_trackingcontext=ebaa54aa-e581-4b3e-abb9-96a5d8780000</a></p><blockquote>“My philosophy, Mr President, is that all foreigners are out to screw us and it’s our job to screw them first.” With these words, the <a href="https://social.dromografos.report/tags/US" rel="nofollow noopener noreferrer" target="_blank">#US</a> Treasury Secretary convinced the President to deliver a colossal shock to the global economy. In the words of one of the President’s men, the objective was to trigger “a controlled disintegration of the world economy”.</blockquote><blockquote>No, those words were not spoken by members of President <a href="https://social.dromografos.report/tags/Trump" rel="nofollow noopener noreferrer" target="_blank">#Trump</a> ’s team in advance of their “Liberation Day” tariff splurge. While the “foreigners are out to screw us” certainly has a Trumpian ring, it was uttered in the summer of 1971 by then Treasury Secretary John Connally, who succeeded in convincing his President to unleash the infamous <a href="https://social.dromografos.report/tags/Nixon" rel="nofollow noopener noreferrer" target="_blank">#Nixon</a> Shock a couple of days later.</blockquote><p></p>