DOLLAR DOOMSDAY: Global Shift AWAY from Euros And Dollars is Accelerating

• DOLLAR DOOMSDAY: Global Shift AWAY from Euros And Dollars is Accelerating
  by Ethan Huff, https://www.naturalnews.com/
  The economic situation in both the United States and the European Union (EU) has degraded so much in recent weeks that even the powers that be are admitting that the situation looks much uglier than the “experts” previously warned.
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  According to data from SWIFT, the global messaging service for cash transactions, use of the euro has collapsed over the past nine months. Its share of transactions dropped from 38 percent in January to a measly 23.2 percent at the end of August – this is the lowest level recorded in at least 12 years.
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  It is now being acknowledged that Europe is more than likely already in a recession. And based on the old standards of calculating a recession, the U.S. is likewise in a recession – and heading towards a great depression that will be much worse than the first one.
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  All gains made by the euro from December 2022 through July 2023 have now been lost. And since mid-July, the common currency has lost another eight percent against the dollar – and is likely only just getting started in terms of its continued decline.
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  (Related: Back in August, India and the United Arab Emirates [UAE] completed their first dollar-free sale of oil in rupees rather than in petrodollars.)
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