“The dollar is our currency, but it’s your problem.” Sounds familiar? This is not someone saying it today, but this remark, which caused tremors in the world of finance was from Richard Nixon’s treasury secretary John Connally, made after discussions with a group of European finance ministers during the 1971 G10 Rome meetings. Connally’s Candor was startling to the audience at the time, but as he told Nixon, “My philosophy, Mr. President, is that all foreigners are out to screw us and it’s our job to screw them first”. For people following Trump’s “Liberation Day” saga, there was and there is nothing new about the US promoting its own interests by exploiting the dollar’s reserve-currency status.