President Donald Trump, right, meets with NATO Secretary General Mark Rutte during a meeting on the sidelines of the Annual Meeting of the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 21, 2026. (AP Photo/Evan Vucci)
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CNBC TV1831-01-2026, 10:08

New World Order: Trump, Carney End Pretense, Accelerating Global Power Shift

  • Donald Trump's actions, like demanding Greenland and not euphemizing Big Oil interests in Venezuela, ended the pretense of America as a benevolent hegemon.
  • Canadian Premier Mark Carney declared the 'rules-based order' dead, advocating for Europe to build new alliances of 'Middle Powers' in a system of intensifying great power rivalry.
  • Europe, particularly France, Germany, and Denmark, prepared for war with a NATO member over Trump's Greenland demand, signaling a significant shift in alliances.
  • India, China, and Brazil offloaded $194 billion in US treasuries, and central banks globally traded dollars for gold after the US blocked Russia from the financial system.
  • The SCO Development Bank and RBI's proposal for BRICS digital currency linking aim to reduce reliance on the US dollar, indicating a tectonic shift in the global financial system.

Why It Matters: Trump and Carney's actions are accelerating a transition to a multipolar world order and a new financial system.

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