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“Even while emerging from a coma, my attitude remained the same as always,” he wrote.

S&P, meanwhile, recently downgraded the city of L.A.’s rating due to its “weakening financial position and an emerging structural imbalance.”

"The details of how they helped are still emerging, but I already know without them we may have had a far worse tragedy," he said.

Then the UK was the source of fragility, trading like an emerging market, when its normal role was solving crises in those markets.

His reactionary brand of “America First” nationalism entailed stoking populist skepticism of technological progress, and centering American interests ahead of what he called the emerging “globalist technocracy.”