France, in particular, has caused confusion. A new president was appointed, formed his cabinet, and then submitted his resignation to the President. This immediately created confusion. There's a flood of unconfirmed information from numerous sources, whether it's fully supported or whether there's suspicion. But when we look at the current situation, things are not going well in Europe. Germany is doing the same thing. Let's not just consider France. Germany also rejected the European Union's €2 trillion budget, and when we look at news feeds that are also unconfirmed from their sources, it appears that Germany is battling a COVID-like pandemic, a flu-like infection. This, of course, indicates that things in Europe appear to have worsened significantly than previously thought, particularly in terms of economic activity and the unwillingness of countries to finance each other's debt burdens under a common currency. I believe Germany's rejection of the EU's €2 trillion budget, in particular, is driven by the idea that they no longer want to be your financier. Germany's recent economic decisions and new steps toward defense and infrastructure development during and after the challenging year demonstrate that Germany is no longer able to carry the weight of the European Union on its shoulders.
From this perspective, there's the overvalued Euro, along with a European Central Bank unable to fully intervene in events, and, of course, war. Looking at these developments, we see a European situation where, despite siding with the US and imposing sanctions on Russia, they have been pushed to the brink of a serious economic bottleneck. The loss of their strongest partner, the UK, especially after Brexit, appears to have brought about serious financial hardship. Despite all these developments, perhaps partly due to Fed policies or Trump's policies, the dollar's devaluation, the euro's appreciation, and the yen's profile, which supports this, are now beginning to reverse.
In this period, where we are beginning to see downward movements in the Yen, we may see the dollar index rising back to the 99-100 range, along with depreciation in the Euro, or rather, in the Euro-Dollar parity. I believe this should be interpreted as an early indicator that the address and direction of money in the markets is changing. We may see a slightly stronger dollar policy, particularly if the Euro-Dollar pair dips below 1.15-1.1520, rather than 1.16.
The biggest factor currently holding the dollar back from rising is undoubtedly the US government shutdown, which is preventing it from rising. Trump's near-head-to-head clash with the unions is currently weighing on the dollar, along with America's debt. Finally, with a $1.7 trillion increase, America's debt has reached $38 trillion, meaning the debt burden it's trying to reverse has reached these levels. This is also a factor that is weighing on the dollar.
When we look at all these developments, when we trace the address or the trajectory of money, we see it spreading into two channels. All these developments are influenced by political expectations and political negativity, I emphasize for Europe and America. While Bitcoin is influencing the currency pairs, it appears to have asserted its leadership after approximately 17 years, along with the gold ounce price.
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