US Dollar Losing Global Status as Debt Soars
The USD is quickly losing its appeal to global investors as American debt skyrockets to stratospheric levels warns Jim Rogers.
USD, the world’s reserve currency, will lose the status of main reserve currency much sooner than Y 2030, international investor Rogers said at the St. Petersburg International Economic Forum (SPIEF).
“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,’” Mr. Rogers said.
The US national debt has surpassed $21-T,+2.8% since the start of the year.
Have a terrific Memorial Day weekend
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