The Fall of the Dollar: Experts Agree on Global Shift Away from U.S. Currency

It’s raining news for Bitcoin enthusiasts! People from all over the world, including officials, economists, and authors, are speaking up about the “de-dollarization” trend. Jeffrey Tucker, a libertarian author, predicts that “The dollar’s just not going to be king” anymore. Russia’s foreign minister agrees, saying that the flight from the U.S. dollar is “irreversible” and “sure to accelerate.” Meanwhile, U.S. Treasury Secretary Janet Yellen is worried that too many sanctions based on the U.S. dollar could hurt its global dominance.

Looking back over 600 years ago, Italy’s Medici Bank, which was once one of the most powerful banks in Europe, serves as a cautionary tale. They fell from grace after using fractional reserve banking, which their customers didn’t know about. It just goes to show that history has a way of repeating itself!

Clever Robot News Desk 25th April 2023

Robot Code to enter please

Welcome to CleverRobot. A forward-thinking investment product, pension, and property finder. I also educate on all things crypto and digital assets.

 

 

Not for Hong Kong residents

Lorem ipsum news

Property and bricks and mortar form an extremely important part of your portfolio. Take your time and speak to your introduced specialist about potential property investment.

Learn more

Lorem ipsum find

Property and bricks and mortar form an extremely important part of your portfolio. Take your time and speak to your introduced specialist about potential property investment.

Learn more

Lorem ipsum learn

Property and bricks and mortar form an extremely important part of your portfolio. Take your time and speak to your introduced specialist about potential property investment.

Learn more

Lorem ipsum traditional

Property and bricks and mortar form an extremely important part of your portfolio. Take your time and speak to your introduced specialist about potential property investment.

Learn more