Economist and best -selling author Nassim Taleb says that a single active has overtaken the position of the US dollar as the world’s de facto reserve currency in the world.
In a new interview with Bloomberg, the Black Swan author says that the American dollar has lost its status as a reliably safe havenactive, and notes that people prefer to invest in the stock market instead of keeping a currency that falls in value over time.
He also says that the major sanctions of America against Russia for the invasion of Ukraine meant the beginning of the end of the dollar regime as the reserve currency of the world. According to Taleb, gold is now the reserve currency of the world, and emphasizes that the credibility of the dollar after America and his allies armed the USD.
“That would ultimately be reflected in shares, the slow decline of the dollar, and there is effective a second risk. The first is the shortage, the second is effective that the dollar loses its status as reserve currency …
You can see the accumulation of gold in the reserves and the behavior of gold in the past 12 months. And it didn’t start with Trump’s policy. Of course it started with Biden when he froze the bills from people connected to Putin, and of course thinking that it would be limited there, but people who were not connected to Putin decided to stay away from the euro and the dollar.
And gold is now effective the reserve currency. Transactions take place in dollars and euros, usually dollars, and at the same rate, however, they are converted into gold again. And we can see that through the accumulation of reserves. “
https://www.youtube.com/watch?v=e5f4vffnc_e
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