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USD in trouble...

917601

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#1
"
Dollar loses to euro as payment currency for first time in 7 years

Submitted by cpowell on Fri, 2020-11-20 15:47. Section: Daily Dispatches
By Alexandre Tanzi
Bloomberg News
Wednesday, November 18, 2020
The euro was the most used currency for global payments last month, the first time it has outpaced the dollar since February 2013.
Data from the Society for Worldwide Interbank Financial Telecommunications, which handles cross-border payment messages for more than 11,000 financial institutions in 200 countries, showed the European Union's single currency and the greenback were followed by the British pound and the Japanese yen. The Canadian dollar overtook China's yuan for the fifth spot, SWIFT said."
GATA.org

If this continues, Martin Armstrong once again called it.....basically...Martin said if a vacine is developed ( good or bad), expect the EU make a rapid economic recovery thus draining all the trillions of EU money invested in US markets to be reinvested in EU markets.Do recall, the USD index showed the dreaded death cross earlier this year. Should this trend increase, expect Fedcoin to be instated sooner than later.
 

Voodoo

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#2
I have no idea where that came from but I'm 90% sure Martin has never said anything of the sort. Europe is screwed.
 

Goldhedge

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The euro was the most used currency for global payments last month, the first time it has outpaced the dollar since February 2013.
Kind of like Lady Visa and Master Card?

Interesting that the use of a debt instrument is considered a positive development at this time when the World Economic Council wants to reset the whole system.

Covid-19 is cover for the Great Reset, which knowingly overthrows the US & UK Constitutions & the fundamental principles of Common Law.

Until the election fiasco resolves we can't look into the future and tell anything.
 

wallew

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#4
IT'S BLOOMBERG

What would you expect? A shred of honesty?

NAH
 

gringott

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#5
Seems to me that it is more a sign of merchants dumping the Euro for hard goods. Sign of soon to come hyper inflation.