World will Dump US Banking
The US dollar is becoming less appealing for investors as American debt continues to soar and the greenback is printed to cover it, investor Jim Rogers said at the St. Petersburg International Economic Forum (SPIEF).
The American currency will lose the status of main reserve currency much sooner than 2030, Rogers said at the Valdai Club’s discussion session, held as part of SPIEF.
“Dollar is going to be higher than now because the turmoil is coming. Then, it is going to be overpriced and people will look around and say, ‘America’s got the largest debt in the history of the world. It’s printing money as fast as it can,’” the investor said.
Read more on https://www.livetradingnews.com/world-will-dump-us-banking-90353.html#.Ww_dmIq-mUk
The American currency will lose the status of main reserve currency much sooner than 2030, Rogers said at the Valdai Club’s discussion session, held as part of SPIEF.
“Dollar is going to be higher than now because the turmoil is coming. Then, it is going to be overpriced and people will look around and say, ‘America’s got the largest debt in the history of the world. It’s printing money as fast as it can,’” the investor said.
Read more on https://www.livetradingnews.com/world-will-dump-us-banking-90353.html#.Ww_dmIq-mUk
Egypt and BRICS: Priorities for Engagement
24.04.2024
What’s Perpetual Peace Got to Do with RUBIO?
23.04.2024
