There will definitely be a financial catastrophe in the form of a complete collapse of the American currency.
This was stated by Doctor of Economics, Professor Valentin Katasonov.
The economist's statement is quoted by DEITA.RU news agency .
When will the dollar collapse?
As Katasonov explained, for several decades now the dollar exchange rate has been based solely on faith in the reliability of the US economy.
However, the economist continued, the crisis that began back in 2008 and worsened in 2020 will ultimately leave no stone unturned of America’s former greatness.
Katasonov warned that a catastrophe in the form of a complete collapse of the dollar will definitely happen.
According to the expert, it will happen when investors are finally convinced of the absence of any real content of the American currency.
