According to a financial analyst and former Goldman Sachs executive, the future of the US dollar and the American empire itself is now clearly in doubt.
Charles Nener, Goldman’s head of market timing for more than a decade, says he’s upending his longtime belief that the dollar remains strong.
In a new interview with USAWatchdog, Nenner said To tell The group of economically linked countries collectively known as the BRICS is a much bigger threat than people realize.
“We have known each other for years and I said the dollar would hold up.
They especially underestimate this BRICS [Brazil, Russia, India, China and South Africa] The situation, and all countries will form anti-dollar… Saudi Arabia is starting to join, which means the end of the dollar as a reserve currency. “
Nener believes the long-term fate of the dollar is already sealed.
“The economy is going to really suffer. If the dollar gets really cheap, it’s good for exports, so the economy could pick up a little bit. It’s just a silly bounce for people. .”
According to Nenner, the American Empire is threatened by a global war cycle, the collapse of commercial real estate, and the potential for other systemic problems.
He said a “Great Depression-style” crash could occur in the not too distant future.
“The same problems that ended other countries: bad education, too many outstanding loans, people being too lazy to work really hard.
It usually means the end of an empire. “
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