It’s been revealed that the US dollar may be near its end. Check out the latest reports about the matter below.
Future of US dollar addressed
The future of the US dollar and the American empire itself is now firmly in doubt, according to a financial analyst and former Goldman Sachs executive.
Charles Nenner, who worked as head of market timing at Goldman for more than 10 years, says he’s reversing his long-held belief that the dollar will remain strong.
In a new interview with USAWatchdog, Nenner stated the fact that the group of economically-aligned nations known collectively as BRICS is a much bigger threat to USD than people realize.
“We have known each other for many years, and I said the dollar is going to hold up. But not anymore, not anymore. It is really in trouble. There is actually no reason to be in the dollar.”
Nenner continued and said:
“They especially underestimate this BRICS [Brazil, Russia, India, China and South Africa] situation, and all the countries will be forming an anti-dollar… Saudi Arabia is coming onboard, and that means the end of the dollar as the reserve currency.”
Nenner believes the long-term fate of the dollar is already sealed.
“The economy is really going to suffer. If the dollar goes really low, we could have a small bounce in the economy because it’s good for exports. That’s just a fooling bounce for people. Longer term, it’s just finished.”
Other financial news
Rich Dad Poor Dad author Robert Kiyosaki warns that George Orwell’s novel 1984 could quickly become a reality. This could be happening when the US goes ahead with launching a central bank digital currency (CBDC).
In a new episode of The Rich Dad Channel, Kiyosaki says that a “FedCoin,” or a Federal Reserve-issued CBDC, will allow the authorities to become omnipresent and surveil Americans’ every move to make sure they are behaving.
