He may be right. But when it comes to the world stage, it’s also true that nobody has ever seen such an unprecedented display of weakness from a would-be strongman—and in just 100 days.

“Nobody has ever seen anything like it,” U.S. President Donald Trump is fond of saying about his supercharged agenda of upending the U.S. government and intimidating his political enemies at home.

“Nobody has ever seen anything like it,” U.S. President Donald Trump is fond of saying about his supercharged agenda of upending the U.S. government and intimidating his political enemies at home.

He may be right. But when it comes to the world stage, it’s also true that nobody has ever seen such an unprecedented display of weakness from a would-be strongman—and in just 100 days.

Whether the issue is national security or economics, in a short period of time, Trump has gone a long way toward unilaterally surrendering the United States’ dominant power and influence around the world—especially in Europe and the Indo-Pacific. The best evidence of this, perhaps, is the combined downward drift of stocks, bonds, and dollar value—something that rarely occurs—suggesting a broad retreat of investment from the United States.

This is precisely the opposite of what Trump promised: a new “golden age of America,” as he said in his inaugural address, in which investment would pour in and “our country will flourish and be respected again all over the world.”

Instead, largely because of an array of Trumpian policies, the United States is being slowly downgraded in investors’ eyes from the ultimate safe haven to an unpredictable wilderness where the rule of law is in doubt.

“A sharp rise in U.S. policy uncertainty has shaken investor confidence in U.S. assets and even sparked debate about the U.S. dollar’s role as the world’s primary reserve currency,” as analysts at J.P. Morgan put it in a recent assessment that was titled, “Is this the downfall of the U.S. dollar?”

Even some of Trump’s business supporters—such as Ken Griffin, the chief executive of the Citadel hedge fund—are warning of permanent damage to the U.S. “brand” thanks to what Griffin called Trump’s “nonsensical” trade war, saying that it could take “a lifetime to repair the damage that has been done.”

By slashing investments in science and education, deporting immigrants indiscriminately, and terrorizing major universities into adopting his right-wing version of political correctness, Trump is also precipitating a kind of brain drain never before imaginable. Not to mention threatening to debilitate the very manufacturing capability that Trump says he wants to restore.

The United States, after all, is a country that has often bested its adversaries—especially the Soviet Union and Nazi German