Euronews: Trump is destroying the dollar? FT: Trump is helping the Euro to rise
(Pixabay photo)
Euronews reported the following:
Is Trump destroying the dollar – and what does it mean for the euro?
6 May 2025
The US greenback — and its relationship with bond yields — has recently given economists much to chew over. The US dollar index, which measures the value of the greenback against six foreign currencies, has dropped more than 8% since January. Last month, it hit its lowest level in three years.
At the same time, US bond yields have been rising, defying a standard economic pattern. …
Against a backdrop of unconventional economic policies from US President Donald Trump, markets are now behaving more erratically. …
Dollar supremacy
The dollar cemented its status as the world’s reserve currency in 1944 at the Bretton Woods conference, an event which also brought about the creation of the IMF and the World Bank. Rather than linking world currencies to gold, delegates decided to peg them against the dollar. …
Trump is undermining the dollar …
Since the debt crisis of 2009, the euro has earned back investor confidence. The ECB now takes a more active role in supporting economies through bond-buying programmes, and the EU has shown its willingness to prop up flailing member states. …
Despite this, the euro still has a long way to go. https://www.euronews.com/business/2025/05/06/is-trump-destroying-the-dollar-and-what-does-it-mean-for-the-euro
In an email today, Nick Giambruno wrote:
The Two Catalysts Driving the Next Great Monetary Reset
May 6, 2025
All of this points to something big on the horizon, driven by two key catalysts.
We’re entering a pivotal moment—one where the economic, monetary, and geopolitical landscape is shifting. These changes aren’t random or isolated; they are the result of deep structural pressures that have been building for decades.
While the signs have been there for some time, recent developments make it clear that the system can no longer hold as-is. A reset is not only possible—it’s likely. And two key forces are pushing us there faster than most realize.
The first is the long-ignored, but now unavoidable, debt crisis.
The second is the Trump administration’s strong belief that an overvalued dollar has hollowed out the US economy, weakening exports, offshoring jobs, and undermining American industry. …
No country has ever achieved and sustained wealth solely through a weak currency. Yet, this is precisely what those in power seem to believe. And they appear to be moving toward a reset that fundamentally realigns the US economy and trade system.
On a related note, Financial Times reported:
Trump has created a chance for the euro to rival the dollar
European leaders need to shed their political timidity to take the necessary steps4 May 2025
It has long been an EU aspiration that the euro would rival the US dollar for global dominance, or at least for monetary sovereignty at home. Now, the self-sabotage of Donald Trump’s Washington is a golden opportunity to realise the dream — if European leaders can overcome their political timidity over doing what it takes to grasp it.
True, as in many areas of economic policy, it is unclear what the Trump administration’s goals are for the greenback. Some of its members think the dollar’s attraction — the “exorbitant privilege” of guaranteed cheap credit from the rest of the world — is in fact an exorbitant burden that, by driving up the currency, depresses American manufacturing. Others, notably Treasury secretary Scott Bessent, insist the US is committed to a strong dollar policy. …
Confidence in the dollar has taken a knock from Trump’s tariff policy, but also from his team’s airing of bizarre financial policy ideas. These include forced conversion of Treasury bonds or charging fees for the privilege of lending to the US government. The administration’s aggression against the rule of law makes all legal claims uncertain, including financial ones.
Can European leaders hear the markets’ scream for help in the form of an alternative asset? If ever the time was ripe for a “Hamiltonian moment”, in which Eurozone countries issued a large and permanent stock of common debt to gradually replace the fragmented landscape of national sovereign bonds, this is it. …
Recommended US dollar Martin Wolf talks to Kenneth Rogoff: Trump is accelerating the dollar’s decline In other words, the global trade outlook matters for currency questions, too. Europe can use its agenda to deepen trade with the rest of the world to boost the euro’s attractiveness. That requires not just taking the agenda seriously — passing the trade deal with the Mercosur bloc, for example. It also demands offering financial tools to encourage trading in euros, from swap lines with trade partners to a digital currency designed to work for cross-border corporate trade. Unifying stock markets and a pan-EU so-called “28th regime” of corporate law should help boost risk capital in euros. https://www.ft.com/content/c02cdfac-8c46-4b67-9a3b-2aa4312852b9
In many ways, Donald Trump has made Europe, and its currency, more attractive on the world scene.
Tariffs and sanctions and the threat of more tariffs and sanctions are causing more nations to turn away from the USA and look more towards each other.
The Europeans have long wanted the euro to push the US dollar’s reserve currency status aside. Plus there is the BRICS+ alliance that has long wanted to stop using the US dollar for cross-border trade.
Related to the US dollar and BRICS, the Continuing Church of God (CCOG) put together the following video on our Bible News Prophecy YouTube channel:
BRICS Push Aside USA Dollar
The BRICS nations (Brazil, Russia, India, China, and South Africa) have as one of their founding goals, to eliminate the need to use USA dollars in cross-border trade. Six additional nations have been invited to join BRICS in 2024, and India reports that six more are also being looked at. The BRICS nations have already begun to drop the USA dollar for some cross-border trading with Russia and China indicating that they had almost done so completely in late 2023. What will happen to the economy and value of the USA dollar if more and more nations stop using it as a primary reserve and trading currency? What about hyperinflation? Does the Bible prophesy destruction for a highly indented nation in the end time? Is the USA the most indebted nation of all time? What about the intent and use of the Euro? Will Europe and Asia cooperate to eliminate the USA and its British-descended allies?
Here is a link to our video: BRICS Push Aside USA Dollar.
Now, Donald Trump did threaten the BRICS alliance to not come up with a unified currency to bypass the US dollar.
Related to some of that, last Fall I wrote:
Neither a possible Trump-Vance or Harris-Walz Administration has proposed anything that would truly stop de-dollarization. Actually threats against nations involved, by Donald Trump … will tend to increase the speed of de-dollarization. (Thiel B. MW: Can America Survive Global De-Dollarization? COGwriter: No! COGwriter, October 4, 2024)
Well, that is happening. There will be many unintended consequences of Donald Trump’s statements and policies.
Notice something from my latest book available at Amazon Kindle: Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? as well as Amazon print :
The USA dollar will ultimately crash and be worthless. That “pride” of American power will be broken (cf. Leviticus 26:19). …
European leaders have been working for years to establish a new reserve currency for the world, partially with the intent to remove the USA dollar from its current position as a reserve currency.
Those in Russia, Iran and some of the Arab lands, along with nations such as Brazil and India have discussed plans for the removal of the dominance of the USA dollar in global trade as well. Many are now working on that, along with China, in what is called the BRICS alliance.[i] While Donald Trump did not cause all of this, an unintended consequence of the use of sanctions in the Trump-Pence Administration (as well as by the Biden-Harris Administration) is that more nations are looking to bypass the dollar. …
When the U.S. dollar is no longer the world’s reserve currency, this will hurt the USA financially. Increasing debt, including “quantitative easing,” is a form of dishonest profits that is not something that God approves of and will punish the USA for (cf. Ezekiel 22:13-16).
Inflation will eventually hit the USA extremely hard. As the world becomes less attached to the American dollar, many financial jobs and opportunities will be in places other than the USA. Eventually, but not yet, the USA dollar will become worthless.
Will it always be straight downhill for the economy of the USA?
No.
There are some reasons to have some temporary optimism. Proposed reductions in government regulations are expected to boost the economy. In addition, technological and other developments may temporarily support the U.S. economy—as can reductions of regulatory burdens.
Some policies of Donald Trump’s may help. …
For years, I have written that because of improvements in various aspects of energy and other technology (some of which Donald Trump seems to support), the USA may experience even more of an energy export boom, such as with oil and natural gas, etc. that may prolong its days of economic prosperity.[ii] But prolonging is likely all that is possible as its destruction is prophesied (Daniel 11:39; Habakkuk 2:6-8). …
Since many are now questioning the role of the USA dollar as the world’s reserve currency, more are looking into other currencies as well as gold.
Gold will set records in U.S. dollar terms. …
When the U.S. dollar totally collapses people all around the world will consider that even if the euro (or something similar) is strong, having a more gold-backed currency would be safer.
The collapse of the USA dollar will shake a lot of the world’s confidence in non-gold backed currencies. The Europeans do not have to have a perfect currency, only one that is perceived to be in better shape than the USA dollar or various other currencies.
Having the European power acquiring more gold to back the Euro or possibly another future European currency (that might potentially replace the Euro or even a basket of currencies) may greatly increase European credibility, prosperity, and influence around the globe, even if the backing is only implied.
The debt accumulation policies of the Obama-Biden and the Trump-Pence Administrations, which were a massive acceleration of the previous policies of the Bush Administration, have to a large degree been continued and expanded by the Biden-Harris Administration.
The increases in America’s debt are heading the world into the time when something other than the U.S. dollar will be valued as its reserve currency.
A Trump-Vance Administration would need to make massive changes to possibly prevent this.
The USA and its dollar are at serious risk. …
Unintended Consequences
While Donald Trump seems to believe that his policies are best for the United States, notice some unintended consequences of them: …
- Pushing tariffs and sanctions on other countries is contributing to the rise of the final time of the Gentiles (Luke 21:24; Ezekiel 7:24).
- Pushing tariffs and other policies that foreign nations do not like is contributing to other nations looking to bypass the USA dollar, as well as trade more with each other and less with the USA. This will further push various globalist’s moves forward without the USA. This is also helping set the stage for the coming European Babylonian Beast to dominate international trade.
[i] BRICS Expansion, the G20, and the Future of World Order. Carnegie Endowment for the International Peace, October 9, 2024
[ii] Thiel B. Barack Obama, Prophecy, and the Destruction of the United States. Nazarene Books, 2013, pp. 67-48
Since the above was published, gold has set records in US dollar terms multiple times. And more countries are looking seriously about bypassing the US dollar because of tariffs, sanctions, and other economic issues.
The Continuing Church of God put together the following video in November 2024 on our Bible News Prophecy YouTube channel:
SWIFT end to the US dollar?
After World War II, the US dollar became the world’s primary international trading currency. In this video Dr. Thiel and Steve Dupuie went over some of the reasons for that development. They also discussed US dominance of SWIFT. SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. SWIFT provides a network that enables financial institutions worldwide to send and receive information about financial transactions. The use of sanctions and the weaponization of SWIFT by the US was brought out as were alternatives to SWIFT development by Russia (System for Transfer of Financial Messages-SPFS) and China (Cross-Border Interbank Payment System-CIPS). Also the BRICS Pay alternative to SWIFT, mentioned at the BRICS Kazan Summit in October 2024 was mentioned as well as “the Unit”, which is a potential, gold-backed currency that Vladimir Putin brought up as another alternative. An article titled ‘The Biggest Story that’s NOT Being Told Will WREAK HAVOC on the US Economy’ was discussed along with the specter of extreme inflation hitting the US once its dollar is no longer relied on internationally. The fact that SWIFT is supposed to be a European system, and one that Europeans want more control of, was mentioned along with the fact that the Europeans could also push harder for the end of SWIFT and/or the US dollar dominance. The timing of the coming Great Tribulation and US banking/financial matters was also mentioned.
Here is a link to our video: SWIFT end to the US dollar?
The US dollar is going away as the world’s premier currency and the damage to the US economy is beyond what most of its politicians realize.
Yet, it will take time for the US dollar to be dethroned. Gold and the Europeans will be involved. Many seem to forget that one of the purposes of the euro was to reduce the need to trade in US dollars in Europe. That has resulted in relatively little cross-border trade in US dollars across Europe.
Do not think that Europe will not one day support the complete toppling of the US dollar as well as the US itself (cf. Daniel 11:39).
After the US dollar is gone, the Bible shows that Europe will dominate international trade and finance, and this will involve gold (cf. Daniel 11:37-43; Revelation 18). It will also make deals with the BRICS+ nations.
The end of US dollar dominance is coming.
That will be one of the many unintended consequences of Donald Trump’s statements and policies.
Some items of possibly related interest may include:
Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America? Where did those people come from? Can you totally rely on DNA? What about other peoples? Do you really know what will happen to Europe and the English-speaking peoples? What about Africa, Asia, South America, and the Islands? This free online book provides scriptural, scientific, historical references, and commentary to address those matters. Here are links to related sermons: Lost tribes, the Bible, and DNA; Lost tribes, prophecies, and identifications; 11 Tribes, 144,000, and Multitudes; Israel, Jeremiah, Tea Tephi, and British Royalty; Gentile European Beast; Royal Succession, Samaria, and Prophecies; Asia, Islands, Latin America, Africa, and Armageddon; When Will the End of the Age Come?; Rise of the Prophesied King of the North; Christian Persecution from the Beast; WWIII and the Coming New World Order; and Woes, WWIV, and the Good News of the Kingdom of God.
Spiritual Samaritans: Old and New Who were the Samaritans? Do the represent true Christianity or something else? Here is a link to a related sermon: USA in Prophecy: Samaria.
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold and silver? Two videos of related interest may be: Germany, Gold, and the US Dollar and Silver, Science, and Scripture.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is are links to related videos: European history and the Bible, Europe In Prophecy, The End of European Babylon, and Can You Prove that the Beast to Come is European?
Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? Is Donald Trump going to save the USA or are there going to be many disastrous unintended consequences of his statements and policies? What will happen. The link takes you to a book available at Amazon.com.
Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? Kindle edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies?
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