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Euro's SWIFT Decline: A Cause for Alarm
147 sats \ 12 comments \ @TomK 23 Oct 2023 meta
Everyone's eyes have been on the dollar, but recent SWIFT transaction data reveals a jarring trend for the Eurozone. The plummet in euro transaction volumes is hinting at an ongoing capital flight, leaving one to wonder: Is this an orchestrated distraction?
Now more than ever, the Eurozone requires swift reforms—embracing free-market capitalism, trimming taxes, and reducing the stifling bureaucracy
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10 sats \ 7 replies \ @carlosfandango 23 Oct 2023
For their solution you can read increased bureaucratic meddling and increased taxes… but all for your benefit…
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0 sats \ 0 replies \ @TomK OP 23 Oct 2023
True
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0 sats \ 5 replies \ @nikotsla 23 Oct 2023
SWIFT is a dead network.
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10 sats \ 1 reply \ @carlosfandango 23 Oct 2023
For international money settlement? SWIFT is not used that much within Europe relative to the IBAN system.
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0 sats \ 0 replies \ @TomK OP 23 Oct 2023
Within the Eurozone You're right.
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10 sats \ 1 reply \ @clr 23 Oct 2023
And the Euro a dead currency, one could say.
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20 sats \ 0 replies \ @carlosfandango 23 Oct 2023
Doesn’t matter what we think - we are outside the hospital ward. Someone need to tell the Drs to pull the plug….
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10 sats \ 0 replies \ @TomK OP 23 Oct 2023
Yes, but it's still the standard.
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0 sats \ 2 replies \ @_b_o_n_e_s_ 23 Oct 2023
is it by transaction value or by transaction count? is it just EUR/USD getting crushed?
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1 sat \ 1 reply \ @TomK OP 23 Oct 2023
Transaction volume. Euro loses in comparison to others toi
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0 sats \ 0 replies \ @_b_o_n_e_s_ 23 Oct 2023
sorry. i should have just looked before asking. its by value, it says in fine print under chart title.
given that, I think big part of that dip is euro getting crushed by the usd. that's why corresponding rise in usd
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0 sats \ 0 replies \ @nikotsla 23 Oct 2023
"I want to believe..." that it's bitcoin
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