ilmscore | STOP SAVING MONEY | The Dollar Crisis Just Got Worse

STOP SAVING MONEY | The Dollar Crisis Just Got Worse

Published: 2022-04-20
Status: Available | Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
The US dollar's status as a reserve currency may not last indefinitely, given historical precedents of reserve currencies lasting between 80 to 120 years.
"And third, no reserve currency status has ever lasted for more than 80 to 120 years, leading to the fear that maybe the US dollar won't last indefinitely either."
US Dollar as Reserve Currency
Pending
A new reserve currency replacing the US dollar is unlikely in the near future, requiring significant global shifts or a major 'black swan' event.
"By and large, a lot needs to happen first, if there is to be a new reserve currency. And notwithstanding a massive black swan event that would undermine the United States role in worldwide trade, it might not happen or it might not happen during a time that any of us could reasonably predict."
US Dollar as Reserve Currency
Pending
The speaker predicts that in the short term, there is no significant risk of the US dollar collapsing.
"So, as much credit as I'd like to give for this, and I do think that it has some merit over the next 100 years, realistically, in the short term, I would not worry about the demise of the US dollar."
US Dollar Value
Pending
China's economy is predicted to surpass the US economy by the year 2030.
"China's economy is poised to outpace the US by 2030"
China's Economy
Pending