The END of the US dollar is happening FASTER than we thought possible

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The dollar has held its power in global trade for decades. Since World War II, it has been the world’s principal reserve currency. What does that mean? A reserve currency is held and used by institutions and central banks across the world for international transactions. Major commodities like gold, lumber, and oil are priced in dollars.

Global trade runs on the US Dollar; it has long been an important cornerstone in the global economy due to its ease of conversion and value.

But over the past several decades, the inherent value of the dollar has been on the decline. In 1971, the US dollar’s departure from the gold standard led to a major devaluation. And this was just the first time the dollar has declined.

Not to mention, in recent history, China has become an economic powerhouse… and sanctions enforced after the invasion of Ukraine have encouraged more and more countries to turn toward other currencies.

Putin announced an intent to create an international currency standard. And even France has been leaning less and less on the US dollar. And these are just a few examples.

When asked about these global issues and their impact on the dollar as the world currency, here’s what Janet Yellen, US Secretary of the Treasury had to say: “We should expect over time a gradually increased share of other assets in reserve holdings of countries.”

Despite these glaring issues, American politicians like to affirm that the dollar’s position as a global currency is strong – but clearly there’s been a slow burn happening behind the scenes for decades. Bit by bit, other countries are trying to establish independence and chip away at the dollar’s role as the most prevalent reserve currency.

Some may argue that the biggest threat to the future of the US dollar is the US government itself. National debt continues to climb at astronomical rates. Mixing high debt with high inflation could very quickly result in a crisis for the dollar.

Regardless of what ultimately happens with the dollar – now is the time to think about how to protect yourself. We’re in an environment with high inflation and tons of economic volatility. Americans are losing their jobs left and right, while debt on both a personal and national level is out of control.
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