Well, howdy there, Internet people it spell again.

So today, we're going to talk about how Trump's Dunrow Doctrine has failed.

Trump added his name to the Monroe Doctrine, which is a long-standing U.S. doctrine of keeping European influence out of the Americas. His tough rhetoric,

tariffs, and military threats have completely backfired. This will be an underreported story.

So, we have three pieces of news that factor into this. The first one gets a little technical,

so stick with me,

but it's probably the most consequential. The European Central Bank, or ECB, picture it kind of like the Eurozone's Federal Reserve, has decided to open up things a bit and allow loans in euros to any central bank as long

as they aren't sanctioned.

I'm going to greatly oversimplify this, because understanding all the mechanics isn't

as important as understanding the effects.

Picture it like a pawn shop for countries. In times of liquidity stress, foreign central

banks can borrow euros from the ECB. The foreign central banks provide high-quality euro-based

collateral, like government bonds in return. Here's a part that matters.

In order to access this line of credit,

the foreign central banks need to have euro-based assets.

This increases the likelihood that foreign central banks will hold euro assets,

which in turn makes the euro more used in finance, trade, and

reserves. It makes their bonds more attractive. This is a move to make the euro more like the

US dollar. Some will say it's a move against the dollar. Right now, the dollar is the reserve currency in the

world and the euro is second. This move will make it more competitive. The big picture

here is the EU has made a very tangible move toward becoming a world power alongside the

US and China. It's happening. As far as the

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