Two Weeks Forever: The Gilded Toddler, the Crumbling Empire, and the Grown-Ups Who’ve Had Enough
As Trump distracts himself with flagpoles and golf, foreign leaders, financial markets, and a shrinking circle of sycophants brace for the unraveling he no longer understands.
Good morning! It is always two weeks away. The trade deal, an Iran decision, a Middle East plan, the AI workforce overhaul, the tariffs, the budget, the immigration crackdown, the debt ceiling, the next bold move. Two more weeks. Donald Trump has used this stall tactic for years, a reflexive, almost neurological tick that masks incapacity, indecision, or outright confusion. It’s the verbal equivalent of a toddler shouting “later!” when asked to clean up his toys.
Canada just handed Trump a grown-up’s deadline. No more “two weeks.” Prime Minister Mark Carney delivered a crystal-clear message: the United States has thirty days to finalize a metals trade deal or face escalating Canadian retaliatory tariffs. After enduring months of Trump’s temperamental trade wars, the adults across the northern border have grown tired of the toddler king’s erratic theater. The G7 meeting in Alberta made this very plain: global patience with Washington’s instability is breaking.
This all unfolds against a backdrop far more precarious than most Americans grasp. As Max from UNFTR expertly lays out, the financial bubble has been inflating for nearly two decades, swollen by wave after wave of easy money, from TARP (the 2008 Troubled Asset Relief Program, which bailed out major financial institutions), to QE (Quantitative Easing, the Federal Reserve’s ongoing binge of asset purchases), to the COVID stimulus. At every turn, wealth flowed upward, consolidating into the hands of corporate elites, while working-class Americans received only brief, fragile windows of relief. And even that fleeting stability was swiftly clawed back, as corporate America exploited supply chain disruptions to jack up prices and rake in record profits, because heaven forbid ordinary people ever get ahead.
The world’s central banks, led by the Federal Reserve, are now trapped by their own outdated models. Jerome Powell continues to follow a 1970s playbook, raising rates to cool inflation while a very different, 21st-century inflation, driven not by wage pressure but by corporate greed and geopolitical chaos, rages beyond his control. The Fed’s dual mandate has become a straitjacket: Powell fears inflation while unemployment creeps higher, all while Trump’s promises of more tariffs, mass deportations, AI-driven job displacements, and reckless deficit-busting tax cuts loom like a dystopian to-do list scribbled in crayon.
Foreign investors are noticing. The recent sell-off in U.S. Treasuries marks something not seen since Bretton Woods: a growing flight from American debt. China, Canada, even parts of Europe are diversifying away from U.S. assets as confidence erodes. Trump’s first aborted tariff outburst in April spooked even his inner circle; his own Treasury quietly begged foreign partners for patience. They granted him a brief reprieve, but that window is closing.
Inside the hollowed-out machinery of government, the real power now resides not with Trump, but with the deeply ideological architects of Project 2025: Russell Vought, Stephen Miller, and the Heritage Foundation’s network. Their vision is a deliberate regression to a Second Gilded Age, a deregulated, unionless, feudal economic order where inequality isn’t a bug, but the goal. They do not want Americans drowning; they want them submerged, desperate, and permanently docile. Welcome to serfdom, now with free shipping.
Trump, increasingly unable to engage with complex policy, finds comfort instead in aesthetic distractions. The oversized flagpole project. The gilded filigree now smothering the Oval Office. The tasteless, casino-style renovations that would make Liberace blush. It is no accident. White House aides, aware of his shrinking attention span and growing cognitive fragility, reportedly feed him these symbolic design projects to keep him busy, like handing a restless toddler a set of gold-plated building blocks while the real work of dismantling government proceeds beneath the surface.
This is not mere rumor anymore. As James Carville bluntly and colorfully noted, the signs of Trump’s decline are increasingly visible: slurred speech, scattered thought, obsessive repetition, fixations on minutiae, sometimes becoming fixated on small personal grievances, the appearance of his own hands, or irrelevant side tangents in the middle of policy discussions. Meanwhile, the once powerful national security apparatus has devolved into a paranoid soap opera, as documented in the scathing NY Mag report: Pete Hegseth, an unqualified Defense Secretary with no military strategic experience, presides over a Pentagon riddled with leaks, internal drug scandals, competing sycophants jockeying for favor, and decision-making that increasingly resembles an amateur high school Model UN club. Trump purged the so-called grown-ups who once restrained him. What remains is a fragile man playing interior decorator while his enablers light fires under the foundations of American governance.
Yet, resistance still flickers. Small acts of defiance puncture the narrative. The recent standoff at Dodger Stadium, where ICE agents were denied entry by team officials, serves as a potent symbol: local institutions drawing a line against federal authoritarian overreach. The federal agents were so humiliated, they tried to pretend it never happened, but it did. Somewhere, Jackie Robinson is smiling.
The world sees all of this, the two-week delays, the performative bluster, the cognitive unraveling, the gilded distractions, and is adjusting accordingly. Allies are building parallel trade networks and foreign capital is quietly withdrawing. The dollar’s unchallenged supremacy is no longer taken for granted. The moat around American financial dominance, built up over decades, is filling in.
We are, in every meaningful sense, inside the most dangerous phase of the Trump project. His lack of strategic brilliance is not the issue; rather, his incapacitation, insulation, and the surrounding individuals exploiting that weakness for their own radical, systemic goals are.
It has always been two weeks away. But this time, the clock is real. And the grown-ups are no longer waiting.
Meanwhile, as the world anxiously watches the gathering storm, Trump has left for yet another taxpayer-funded golf holiday, his personal contribution to crisis management, one round at a time.
Of all the Substack writers I support, you and Heather C. Richardson manage to lay it all out in truth, fact and stark reality better than anyone else. Although your posts are terrifying for all of that, they are so necessary for everyone in the world to read. Thank you.
So well written and crafted, Mary…thank you!