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#dollar

25 posts21 participants4 posts today

Can the euro go global?

Since its birth in 1999, the euro has been a contender for global status. The euro is not about to supplant the dollar. But it may serve an increasingly important function.

If policymakers seize the moment, potentially epochal shifts in the global financial order could work to Europe’s benefit.

mediafaro.org/article/20250416

An illustration of binoculars with euro signs in them. | Illustration: Alberto Miranda
The Economist · Can the euro go global?By The Economist
Continued thread

The #Federal is ready to provide #dollar liquidity through its swap lines w/other central banks as needed, #JeromePowell said.

"We want to make sure that dollars are available.”

"The reason we do it is it's really good for US consumers, so we'll do that just as part of the dollar being a reserve currency.”

Reserves are still abundant

Not close to where Fed would stop balance sheet runoff

The slower the Fed goes, the smaller the balance sheet can get w/o disruption

#economy #Trump 🧵

10% de #Tariffs #Trump
10% de réévaluation de l'€uro par rapport au #dollar.
1% du P.I.B suplémentaire pour la défense de l' #UE face à la #Russia dont la guerre va s'éterniser, 1% du P.I.B dont la moitié ira à des commandes de sociétés d'armements américaines, on connaît bien nos partenaires européens maintenant.
Comment il disait #Bush ? Mission accomplie ?

The Trump administration, its allies, and supporters are working to trash the dollar, Treasuries, and the overall economy so the crypto bros can come in to start tearing apart the Federal Reserve and extend the scam of crypto currency to steal trillions of dollars from the U.S. government, its citizens, and the world.

The chaos is the point, not a mistake.

Gold isn't at a peak valuation by mere coincidence.

#USPol #dollar #FiatCurrency #TreasuryBonds #gold #crypto is a scam, all of it, period

#Hertz says customers' personal data and driver's licenses stolen in data #breach | TechCrunch

Car rental giant Hertz has begun notifying its customers of a data breach that included their personal information and driver’s licenses.

The rental company, which also owns the #Dollar and #Thrifty brands, said in notices on its website that the breach relates to a #cyberattack on one of its vendors between October 2024 and December 2024.
#privacy #security

techcrunch.com/2025/04/14/hert

TechCrunch · Hertz says customers' personal data and driver's licenses stolen in data breach | TechCrunchThe car rental giant attributed the breach to Cleo, whose customers had data stolen by a ransomware gang in 2024.

Since #WWII, the #USA had established itself as the anchor of the world #economy

This was based on #trust

#MAGA morons will never admit it, but in less than 100 days, #Trump destroyed it. He doesn't know what trust means

It's not coming back, for a long time, if it's coming back at all

The #USA will suffer greatly for it

But not MAGA morons

They are immune to shame

"Investors are growing concerned about a U.S. asset exodus as Treasuries and the #dollar decline"

cnbc.com/2025/04/12/investors-

CNBCInvestors are growing concerned about a U.S. asset exodus as Treasurys and the dollar declineThe combined decline of U.S. stocks, bonds and the dollar could be a sign of a broader shift away from investing in America.