Abstract In January 2026, U.S. President Donald Trump announced the creation of a “Board of Peace,” appointing himself lifetime chairman and charging a reported $1 billion fee for permanent membership. Framed as an innovative mechanism for conflict resolution and reconstruction coordination, the initiative emerged alongside the continued provision of unrestricted U.S. military financing and weapons transfers to active conflict zones. This paper argues that the Board of Peace represents not merely performative diplomacy, but a structurally extractive system that applies protection-money logic to international governance. Using a framework derived from coercive extraction and state extortion theory, the analysis demonstrates that peace mechanisms become extractive when they (1) monetize access to conflict resolution, (2) preserve the conditions that generate ongoing demand for “peace,” and (3) undermine or displace alternative, non-extractive institutions. The Board’s institutional design—characterized by concentrated personal authority, pay-to-participate access, absence of enforcement over weapons flows, and claimed global jurisdiction—satisfies all three conditions. The paper distinguishes between functional, performative, and extractive peace systems, identifying the Board of Peace as a novel and dangerous evolution: a model that profits from the persistence of conflict while presenting itself as its solution. The findings suggest that when peace becomes conditional on payment and violence remains frictionless through credit, diplomacy transforms from governance into monetized threat management. Such systems do not fail to achieve peace; they succeed at extracting value from its absence.