More Warnings That The U.S. Is At Risk Of Losing The Dollar As A Reserve Currency - Hallo friendsTODAY'S NEWS AND ACCREDITED, In the article you read this time with the title More Warnings That The U.S. Is At Risk Of Losing The Dollar As A Reserve Currency, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article BANKING, Article CULTURE, Article ECONOMIC, Article HOTELS, Article POLITICAL, Article SOCIAL, Article SPORTS, Article TOURISTS, Article TRAVELING, We write this you can understand. Alright, good read.

Title : More Warnings That The U.S. Is At Risk Of Losing The Dollar As A Reserve Currency
link : More Warnings That The U.S. Is At Risk Of Losing The Dollar As A Reserve Currency

More Warnings That The U.S. Is At Risk Of Losing The Dollar As A Reserve Currency

Bloomberg: Ray Dalio Warns of Threat to Dollar as Reserve Currency

(Bloomberg) -- The dollar’s decades-long position as the global reserve currency is in jeopardy because of steps the U.S. has taken to support its economy during the Covid-19 pandemic, according to Ray Dalio, founder of hedge fund giant Bridgewater Associates.

While equities and gold benefited from the trillions of dollars in fiscal spending and monetary injections, those efforts are debasing the currency and have raised the possibility that the U.S. will go too far in testing the limits of government stimulus, Dalio said Tuesday in an interview with Bloomberg Television.

“There is so much debt production and debt monetization,” Dalio said.

The Bloomberg Dollar Spot Index has dropped 10% from its peak in late March as investors responded to the pandemic and efforts by central bank and government officials to contain the economic fallout. All of the world’s major developed currencies have gained against the dollar as have precious metals such as gold, silver and platinum.

Read more ....

WNU Editor: What the US government and Congress doing right now is not sustainable. If this deficit spending and debt production continues for two or three more years, the Americans can kiss-away their dollar as a reserve currency. To say that the economic and national security consequences of such an event will be profound is an understatement.

Thus Article More Warnings That The U.S. Is At Risk Of Losing The Dollar As A Reserve Currency

That's an article More Warnings That The U.S. Is At Risk Of Losing The Dollar As A Reserve Currency This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article More Warnings That The U.S. Is At Risk Of Losing The Dollar As A Reserve Currency with the link address https://todaysand.blogspot.com/2020/09/more-warnings-that-us-is-at-risk-of.html

Tweet

Subscribe to receive free email updates: