Detailed view for this entity.
“It's overtaken the dollar as central bank reserves now... US's largest export for the last two consecutive months has been gold. That tells me we are in a rapid decline where the big money, the people who are connections have decided no, it's gold, it's not dollars.”
“Trump's announcement in April 2025 of tariffs on virtually all of America's trading partners was followed by a big fall in the greenback as investors priced in new risks. Almost a year on the dollar has yet to recover.”
“Half a century ago nearly 90% of foreign-currency reserves globally were held in US dollars. Today that's fallen to just under 60%”
“The dollar has been the world's dominant currency for eight decades.”
“I think the system is dying. I think it is failing. ... I think this system has several more gasps left in it.”
“And if the dollar is no longer the world's reserve currency, then you really do have to start worrying about the debt.”