Charles Gave finds himself encouraged by the broad thrust of Trump’s economic program but deeply worried that the US’s emerging protectionist agenda could wreck the dollar-based credit system that underpins global financial markets. In this paper he explains how the dollar standard was always more vulnerable to a US wrecking action than foreigners losing confidence in the dollar as a store of value. Charles also offers a modest proposal to Trump, to avoid dragging the world into a rerun of the 1930s.