ilmscore | The End Of The US Dollar | What You Must Know

The End Of The US Dollar | What You Must Know

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Topic
Status
The US dollar's status as the world reserve currency, which has lasted approximately 100 years, is technically past its historical cycle of change, which Ray Dalio suggests occurs every 94 years.
"The US dollar became the world Reserve currency shortly after that with the creation of What's called the Bretton Woods agreement in other words, the U.S. has held its World Reserve currency status for about a hundred years now and according to billionaire Ray Dalio who studied this he says this changes every 94 years or so so we're technically past the point of expiration."
US Dollar Reserve Status
Pending
Countries, including Saudi Arabia and other large economies, are reportedly reducing their use of the US dollar in bilateral trade and seeking to join organizations like BRICS, indicating a trend of de-dollarization.
"The dollar looks like they're dumping it. The world's largest oil producer Saudi Arabia is reportedly asking to join BRICS as more and more developing nations including some of the world's largest economies decide to ditch the dollar in their bilateral trade."
De-dollarization Trend
Pending
It is possible to have multiple global reserve currencies, and some believe this indicates the beginning of the end for the US dollar's dominance.
"it's also possible to have more than one large Reserve currency. There have been times when that was the case and that's why some people are believing that right now we're starting to see the beginning of the end of the US dollar."
Future of Reserve Currencies
Pending
The US dollar's value is currently increasing and is near its highest point in the last 20 years.
"if you actually look at the value of the dollar today it's going up in fact it's somewhere near the highest point over the last 20 years."
Dollar's Value
Pending
Despite the growth of the Chinese yuan, the US dollar remains extremely stable, with the yuan's gains coming at the expense of the Euro and Japanese Yen, not the dollar.
"the dollar is still extremely stable. The Chinese yuan is growing in the chart I just showed you but it's growing at the expense of the Euro and the Japanese Yen losing influence but not the dollar."
US Dollar as Reserve Currency
Pending
The US dollar, like all currencies, will eventually decline, and this process is already underway but is expected to take several decades, potentially longer than a lifetime.
"all currencies have the fate of rising and then eventually falling and the US dollar is no different and yes we're seeing that in real time happening right now but it's also going to happen over the next few decades and perhaps not even in our lifetime because the truth is the dollar is not really going anywhere."
Dollar's Long-Term Decline
Pending
The possibility exists for multiple major currencies to serve as global reserve currencies.
"it's also possible to have more than one large Reserve currency."
Alternative Reserve Currencies
Pending
The United States continues to be perceived as an economic powerhouse of stability, and this perception is unlikely to change in the near future.
"the US is still seen as an economic Powerhouse of stability and that's not changing anytime soon from any data that I was able to find."
US Dollar Dominance
Pending
Historically, a change in the world's reserve currency has been associated with major conflicts.
"based on history anytime a world Reserve currency changes it happens through a major conflict."
Historical Trend of Reserve Currency Change
Pending