Many financial analysts agree that the dollar is doomed and its collapse is inevitable. There is only disagreement on the timing of this event.
What is certain is that the end of the dollar era will have catastrophic consequences.
Doctor of Economics, Professor Valentin Katasonov knows the scenario under which the dollar exchange rate will collapse, DEITA.RU reports .
The expert gave several arguments to support this theory.
The American currency has been strong for the last few decades only because of the faith in the US economy, its stability and reliability.
There are simply no other reasons to consider American securities as “the most risk-free asset.”
We must also not forget that in 2008 a socio-economic crisis began in the United States, and economists and politicians were unable to get out of it.
Moreover, the already decade-long crisis was exacerbated in 2020 by the pandemic, along with other domestic upheavals such as racial protests and the presidential election.
All this is steadily bringing both America's former greatness and the idea of the stability of the US financial system closer to the brink of the abyss.
Further evidence of the total collapse of the dollar is the difference between the amount of printed money and computer generated money, as well as the cost of goods and services produced in the United States.
All these circumstances indicate that in the future the White House will not be able to stabilize the situation.
