Katasonov predicted the collapse of the dollar exchange rate: a catastrophe is inevitable
If anyone still doubts the stability of the American national currency, it is not the financiers.
Doctor of Economics, Professor Valentin Katasonov holds a similar point of view.
In an interview with DEITA.RU, he told how the collapse of the US dollar exchange rate will occur.
Valentin Katasonov has no doubt that a catastrophe is inevitable.
But this will not happen tomorrow or in a specific period of time.
The current US economic model will last in its current state until global investors are finally convinced that the dollar is a dud.
After this, the exchange rate of the American national currency will collapse.
As for the prerequisites, the economist draws attention to the following facts.
Over the past few decades, the US dollar has been owing its value solely to the world community's faith in its power and the fact that the US economy is still stable.
It is also worth noting that the economic crisis that began in the United States in 2008 has not ended, but has been further developed in 2020 due to the pandemic and internal problems.
And one more important detail is the difference in the amount of printed (generated) American money and the cost of goods and services produced in the USA.
This ratio allows us to say with complete confidence that the White House administration will not be able to maintain stability.
