It Will Collapse, But Not Right Away: How the Dollar Will Collapse
Many experts predict that in the event of a new global economic crisis, the American currency will lose its position.
However, Russian economist Mikhail Khazin argues that things will be different.
According to his forecasts, the crisis will not lead to a collapse, but to a strengthening of the dollar.
The expert's opinion is reported by DEITA.RU.
How the dollar will collapse
As Khazin explained, many people have a misconception about how the American currency will collapse.
They believe that a new global financial crisis will lead to a fall in the dollar.
In reality, the picture of the fall of the US national currency will look somewhat different, writes DEITA.RU news agency .
According to Khazin, if a crisis begins, the rate of the “American” will sharply rise.
This will be due to the fact, the economist explained, that individuals and companies will rush to invest money in the most liquid and understandable asset.
Which is still the American dollar, the expert noted.
As the crisis deepens, Khazin continued, investors will begin to realize that the dollar is no longer sustainable.
After this realization, the American currency will begin to gradually weaken.
Ultimately, it will definitely collapse, but this will not happen immediately, the economist concluded.
