Keys of the day: the decline of the dollar, Trump and its check to Wall Street and the pre crime cameras
Keys of the day: the decline of the dollar, Trump and its check to Wall Street and the pre crime cameras
European and British companies have begun to feel the adverse effects of the prolonged trade war initiated by the US President Donald Trump. According to Financial Times reports, executives from large companies have already warned about the economic challenges they face, highlighting the impact of tariff uncertainty as one of the main destabilizing factors.
What makes no sense is this sway of tariffs yes, tariffs not. And, this point is what it has to the uneasy market. In this environment, the Treasury Secretary tried to persuade rich investors to continue betting on the US. Trump claimed to have a “productive” conversation with Erdogan about the end of the war in Ukraine. In turn, 40% of Wall Street companies have already regained losses from the 'Day of Liberation'. And American oil fell to its lowest level since 2021 after OPEC+agreement.
Yesterday, the S&P 500 has closed with a 0.64%drop, while Nasdaq 100 has lost 0.6%. Concern for tariffs and economic uncertainty have dominated the day, in addition to a possible confrontation between Trump and Jerome Powell, president of the Federal Reserve, for the interest rates policy.
The behavior of the dollar against the euro has shown a lateral trend in recent weeks, maintaining around 1.13 in the Euro-Dollar change. After a rebound that has led to the euro to the level of 1.10, the American currency seems to have defended its position, avoiding a jump towards a revaluation that could have taken it to levels of 1.20.
However, in a broader context, the value of the dollar remains under pressure. A recent article published in The Economist raises a significant change in the role of the dollar as a reserve currency. In an opinion column, economist Kenneth Rogoff has warned that, although the dollar had already experienced a decline, President Donald Trump has accelerated this process.
Rogoff emphasizes that the substitution of the dollar with other Fiat currencies, such as Yuan and the euro, will not be an immediate phenomenon, but a gradual process that will be developed during a long period. Rogoff mentions Bitcoin as a key alternative in the new global economy. Unlike what could be expected, the economist points out that gold will not play a central role in this change, but that 30% of the value that is currently reserved in dollars could migrate to Bitcoin, transforming cryptocurrency into a new value refuge.
In the heart of New York, a predictive prevention system with cameras that not only monitor passenger faces, but also analyze minimal behaviors, such as having sweaty hands, nervous yawns or looking at the mobile with too much insistence, it is proposed to impose on the subway. According to its promoters, the system identifies irrational behaviors before any incident occurs, which, as they argue, would allow crimes to prevent.
The invasion of privacy and the possible implications that it would have in everyday life. Marc Vidal, who cites an article on the use of this type of cameras in New York public transport analyzes the key point against privacy. According to those responsible for the project, the cameras could detect signals such as sweaty hands or nerve gestures, and thereby anticipate a possible incident. Losing privacy is the safest trip, it is what elites want to sell us.
